China to expand Yangtze transport capacity

OSCC Shipping News

China will build a multi-tier transport system along the Yangtze River to help boost construction of an economic belt along the waterway, the State Council said on Wednesday.
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Maersk moves reefer box making to Chile – where they are most needed

OSCC Shipping News

MAERSK Container Industry (MCI), San Antonio, Chile, will create the first factory outside China making insulated reefer boxes when it opens in December because that is where they are most needed.
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HK holds Logistics & Maritime Conference

OSCC Shipping News

Some 1,000 leading logistics providers and users, along with senior government officials from all over the world took part in the second Asian Logistics and Maritime Conference here Thursday.
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COSCO loss grows; CSCL rebounds

OSCC Shipping News

Shanghai-listed China COSCO Holdings Co expanded its losses for the nine months ended September and is at risk of being listed as ST (special treatment) stock, while its peer China Shipping Container Lines Co (CSCL) reversed a downtrend and recorded a profit.
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Guangzhou to spend US$2.02 billion on sea freight hub development project

OSCC Shipping News

GUANGZHOU plans to invest CNY12.7 billion (US$2.02 billion) on its major hub seaport development project to upgrade its port capacity.

According to Guangzhou Development and Reform Commission, the project is comprised of the phase two expansion of Xinsha port area, Nansha port area bulk terminal, expansion of Guangzhou port navigation channel, Nansha port area near-sea terminal and a cruise terminal.
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Hunan’s third weekly shipping service to Shanghai cuts time and money

OSCC Shipping News

A 2,000-TON ship carrying 124 laden containers recently sailed from Shanghai to Yanguan terminal at Hunan’s river port city Changde, marking the launch of the third direct shipping route between Hunan and Shanghai
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Maersk increases US inland-haulage rate US$900/TEU from October 7

OSCC Shipping News

MAERSK Line will raise rates on its US inland-haulage import (IHI) services from October 7.

The increases will be US$900 per TEU, $1,000 per FEU, $1,125 per 40-foot high-cube container and $1,265 per 45-foot high-cube container.
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Cosco posts first half net loss of US$767 million, revenue rises 1.3pc

OSCC Shipping News

CHINA’s flag carrier Cosco has widened its net loss to CNY4.87 billion (US$766.8 million) in the first half of the year, 76.7 per cent higher than the loss posted in the same period last year, drawn on 1.3 per cent increase in revenue to CNY42.56 billion.
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OOCL to levy US$250/TEU Asia-Europe rate increase from September 10

OSCC Shipping News

HONG KONG’s Orient Overseas Container Line (OOCL) has announced a “revenue restoration programme” that will affect cargo transported on the westbound Asia-Europe trade.
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Europe’s debts wreak havoc on imports, but container rates hold up

OSCC Shipping News

THE economic crisis in Europe is having a severe impact on container shipping, with imports from Asia, North America and other parts of the world shrinking fast.
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