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News and Events

Grand Alliance reduces transpacific capacity; restructures EU2 service

The Grand Alliance has announced that it will lay up vessels during the traditional slack season, and will restructure its Asia-North Europe EU2 service.

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K-Line Logistics establishes new JV in Australia

K-Line Logistics has established K-Line Logistics (Australia) – a new 50:50 joint venture company with Kawasaki (Australia).

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MOL boosts container service to India

Mitsui OSK Lines has announced a plan for a new independent container shuttle to enhance service between western India, Malaysia and Singapore. The service will begin later this month.

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Maersk revamps Far East, Middle East & South Asia services

MAERSK Line says it is making a number of changes to its ocean liner services that call at ports in the Far East, Middle East and South Asia this month and next.

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Asia-Europe freight rates rebound

FREIGHT rates on the Asia to Europe trade lane are beginning to rebound as European consumers continue to buy lower cost Asian goods.

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`K' Line, Gemartrans revamp N Vietnam service

JAPANESE transportation giant "K" Line and partner Gemartrans are restructuring their North Vietnam service, starting later this month.

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N Asian nations develop shipping route

FOUR northeast Asian countries have agreed to jointly develop a new transport service for cargo and passenger transport that will link China, Russia, South Korea and Japan. It is expected to kick off in early 2007, Xinhua reports.

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Cosco Pacific eyes stake in Yangshan phase 3

COSCO Pacific is reported to be eyeing a stake in the proposed third phase of Shanghai's deepwater port of Yangshan, according to Xinhua News Agency.

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MISC to launch halal service

MALAYSIAN carrier MISC will launch the world's first halal liner service this month, which is in keeping with the government's plan to turn the southeast Asian nation into a halal hub, a statement released by the shipping line said.

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Foreign shipping to get more say

Licencing procedures for foreign-investment in maritime transport services are to be released from the government’s strangle hold.

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Viet Nam-US bilateral agreement on Viet Nams accession to WTO signed

The Ministry of Trade on May 31 issued a press release on the official signing of the Viet Nam-US bilateral agreement on Viet Nams accession to the World Trade Organisation (WTO).

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Air China to join Star Alliance

AIR China is to become a member of Star Alliance, after signing a memorandum of understanding confirming an invitation for the carrier to join the group.

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[+] HOT NEWS

+ Grand Alliance reduces transpacific capacity; restructures EU2 service
+ K-Line Logistics establishes new JV in Australia
+ MOL boosts container service to India
+ N Asian nations develop shipping route
+ Cosco Pacific eyes stake in Yangshan phase 3

[+] WEATHER FORCAST