News
16.11.29
All Hanjin Shipping Vessels Complete Unloading
South Korea's Ministry of Oceans and Fisheries has announced that all Hanjin Shipping vessels (97 container ships and 44 bulk carriers) that had loaded cargo at the time of the company's rehabilita...
16.11.28
Westbound-TSA Lines Unveil GRI for Dry Cargo
Member container lines in the Westbound Transpacific Stabilization Agreement (TSA) have agreed on the need for an across-the-board increase in dry cargo rates, effective January 15, 2015 in a bid t...
16.11.28
T/S Containers Fall 6.5% at Busan in October
Trade ports in South Korea processed a total of 2.208 million TEUs of containers in October, which only improved 1.4% from a year earlier, according to a preliminary report released by the nation’s...
16.11.25
Korea Line to Acquire Hanjin Assets for $31.45 Mln
South Korea's bulk carrier Korea Line Corp., owned by Samra Midas (SM) Group., has signed a 37 billion won ($31.45 million) deal to acquire some assets of the now-defunct Hanjin Shipping Co. , incl...
16.11.25
Japan-West Africa Lines Unveil 2017 Business Plan
The Asia West Africa Trade Agreement (AWATA) has recommended its members, on a voluntary, non-biding basis, to implement rate restoration for cargo from Japan to ports in West Africa, effective Jan...
16.11.24
TSA Revenue Index Keeps Climbing
The Transpacific Stabilization Agreement (TSA) has announced the TSA Revenue Index, which sets 2008 as its baseline with a value of 100 points, for the month of September, 2016. The index for servi...
16.11.24
Malaysia Starts Live Implementation of ASEAN Single Window
Malaysia's Ministry of International Trade and Industry (MITI) has announced that the country has entered into the ASEAN Single Window (ASW) live implementation phase on November 1, 2016 under cont...
16.11.22
FMC Set to Go Online for OTI License Renewal
The online Ocean Transportation Intermediary (OTI) license renewal process is on schedule to commence in mid-2017. In total, almost 5,000 parties will need to have their license renewed over a thre...
16.11.22
Container Throughput in China up 5.9% in October
In October, 18.5 million TEUs of containers were traded to and from ports in China, which increased 5.9% year on year, according to the nation’s Ministry of Transport. In breakdown, coastal ports w...
16.11.21
TSA Lines Recommend Guidelines for Minimum Rates
In a container freight market challenged by volatility and facing the prospect of further consolidation, member shipping lines in the Transpacific Stabilization Agreement (TSA) are recommending min...
