Tuesday , October 16 2018

Freight

Maersk to Increase Freight Rates

Maersk Line has announced a general freight rate increase effective from 1 October in the Mediterranean and North African to US and Canada trades. The company will increase rates by $300 a container for both dry and reefer cargo. The increase will be applicable from all origins in Mediterranean and ...

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Bulk Delivery Rate Sinks to Lowest Mark

Reports indicate that the global shipbuilding market is facing rough weather as new-build deliveries fall behind schedule. According to shipping solutions provider Clarksons, in September, new-build bulker delivery reached 36%, the lowest level so far this year. Cumulative delivery rate in the period between January and September 2009 came to ...

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Malawi Opens Trade Waterway to Indian Ocean

Malawi has opened a waterway linking inland countries to the Indian Ocean, which will increase trade opportunities for neighbouring Zambia and Zimbabwe. The Nsanje World Inland Water Port is part of the 238km Shire-Zambezi River waterway, which follows the Shire River from Lake Malawi to the Zambezi River in Mozambique. ...

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US and China Strike Agreement on Hazmat Transport

The US has signed a cooperative agreement with China to ensure the safe transport of hazardous materials across all modes of transportation – from seaports and aviation to rail and highway. US Secretary of Transportation Ray LaHood joined China’s Minister of Transport Li Shenglin to sign the agreement, which is ...

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Mitsui-led consortium wins Western DFC contracts in India

The Dedicated Freight Corridor Corporation of India (DFCCIL) has awarded two contracts worth JPY76bn ($620m) to Japan’s Mitsui-led consortium to carry out civil and track works for two sections of Phase II of the Western Dedicated Freight Corridor (DFC) between Delhi and Mumbai. The contracts will cover the 186km Vaitarana-Sachin ...

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STX Pan Ocean Secures Pulp Freight Contract

STX Pan Ocean has won a KRW5.6tn ($5bn) contract from Brazilian pulp producer Fibria Celulose to annually transport up to five million tons of wood pulp. Under the deal, the South Korean firm will ship wood pulp to China, Europe and the US for 25 years from 2012. According to ...

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SITC to Build Two Container Vessels for Yangfan Group

SITC International’s subsidiary has won a $36.2m shipbuilding contract from Yangfan Group to construct two container vessels, along with an option for six more vessels. The container vessel will be built on a 1,100teu class gearless vessel with 11,850dwt. The vessels are scheduled to be delivered by 30 June 2012. ...

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