All Asian shippers wil have to pay higher freight charges to European container ship operators from September 2012. From September 1, Denmark-based Maersk, the world’s largest container line, will implement a general freight increase of 250 U. S. dollars per TEU and 500 U.S. dollars per FEU on all shipments from the Far East
Read moreHong Kong and other Asian ports are falling behind European port operators in terms of productivity, a senior shipping executive has warned. Nicolas Sartini, group senior vice-president of Asia-Europe lines at French container line CMA CGM, said some European ports were 50 per cent more efficient at loading and unloading containers than those in
Read moreSingapore. US private equity and investment funds are betting Asia’s shipping industry, hit by a restructuring wave that has already swept Europe and the United States, is the best spot to ride a recovery from the industry’s worst downturn in three decades. Sturdy commodity demand growth and slower new ship deliveries will help balance
Read more13th Meeting of the Asia Pacific Heads of Maritime Safety Agencies Forum was held in Nha Trang, Vietnam, recently More than 70 high level participants from across the Asia-Pacific region attended the meeting along with the IMO, IALA and ReCAAP (a regional forum to combat piracy). Australia’s delegation was led by Australian Maritime Safety
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