COSCO records drop in shipping
Friday, 13 January 2012
China Ocean Shipping Company Ltd (COSCO), the country's largest shipping company by market value, announced yesterday that it has seen a decline in transportation volume amid the sluggish global market.

Zim negotiates to cut expenses
Friday, 13 January 2012
According to unofficial sources, The Israel Corporation's daughter company Zim Integrated Shipping Services Ltd. is negotiating the dismissal of 12% of its workforce, some 100 people, with labor representatives.

MSC Hikes India to Europe, Mediterranean Rates
Wednesday, 11 January 2012
Mediterranean Shipping Company will apply a general rate increase on westbound trade from India to North Europe and the Mediterranean, starting Jan. 23. The planned increase will be 0 per 20-foot equivalent unit.

Maersk reports biggest fleet expansion
Wednesday, 11 January 2012
A.P. Moeller-Maersk A/S, owner of the world’s biggest container shipping company, increased capacity by a record last year as it added more of the world’s largest vessels that haul boxes to reduce unit costs.

Cosco bags 0m shipbuilding contract
Friday, 06 January 2012
Cosco Corporation (Singapore) secured a contract valued over 0m from TL Offshore to build two self-propelled pipelay heavylift offshore construction vessels.

MSC Shifts Some Cargo Out of Freeport
Friday, 06 January 2012
Mediterranean Shipping is shifting some containerized cargo the carrier normally transships at its Bahamian hub of Freeport to other ports in the Caribbean. The container ship operator has moved some of its normal flow to transshipment hubs at both ends of the Panama Canal and in Nassau in the Bahamas, according to Nicola Arena, chairman and CEO of MSC (USA).