North Sumatra Vegetables Export down by 952%

The hey-days of North Sumatra vegetables export seems abruptly halt. In 2007 alone export has been down to 952% compare to 2006. According to statistic from Pelindo I Belawan and Pelindo I unit Peti Kemas Belawan, until July 2008, export volume is 13.080 ton or down...

Iedul Fitr Greeting

Dear All, From us in Indonesia.... We also inform you that our office will close during Ied ul Fitr from 27 September 2008 Until 5 October 2008, all official work would be continued after 5 October 2008....

NOL to Bid for Hapag-Lloyd

Neptune Orient Lines will definitely bid for Hapag-Lloyd, the chief executive of the Singapore-based ocean carrier said. Ron Widdows, who in late August expressed doubts about buying the world's fifth-largest liner operator, told Welt am Sonntag, the German Sunday newspaper,...

Container Volumes Could Drop By 6%

Cargo volume at US retail container ports could be off by 6% in 2008, according to the monthly Port Tracker report. Released by the National Retail Federation and Global Insight, the report suggests the slow economy has prompted merchants to manage inventories very carefully....

Philippine Container Port Figures

Foreign container traffic handled by Philippine ports (excluding the autonomous Subic Freeport and Cebu International Port) increased by 12.8% in 2007 to 2.385M TEU, according to official figures newly released by the Philippine Ports Authority (PPA). The improvement boosted...

Container Shipping

Container shipping as the term suggest is the carriage of large or bulk containers from one place to the other. This may sound easy; but in fact container shipping is one of the most challenging parts in setting and running any industry. Container shipping as the term...

Iran Retaliates On U.S. Sanction Against Shipping Line IRISL

Jupiter Kalambakal - AHN News Writer Tehran, Iran (AHN) - Iran is considering filing a complaint over sanctions imposed by the United States government to Iranian shipping line IRISL through international institutions. IRNA reported Saturday that Iran's UN mission said...

Shipping Most Unattractive For Investment

NEW DELHI: Shipping and ports are the most unattractive sectors for investors, claiming less than three per cent of the total investments of the corporates of the country in the first half of 2008, industry body Assocham said. Of the Rs 6,33,966 crore of investment announcements...

NOL ahead in race for Hapag Lloyd deal - papers

FRANKFURT, Sept 11 (Reuters) - Singapore's Neptune Orient Lines (NEPS.SI: Quote, Profile, Research, Stock Buzz) leads the race to acquire TUI's (TUIGn.DE: Quote, Profile, Research, Stock Buzz) container shipping unit, Hapag-Lloyd, ahead of a group of Hamburg-based investors,...

China Cosco and Mitsui OSK decrease transport rates

Bloomberg reported that China Cosco Holdings Co and Mitsui OSK. Lines Ltd led declines among Asian bulk-shippers as transport rates fell after an iron ore producer demanded higher prices. China Cosco declined as much as 7.9% to HKD 10.78 as of 10:10 AM. in Hong Kong. Mitsui,...

Qasim International Container Terminal Activity

Karachi—Shipping activity remained active at the Port where two ships carrying containers took berths at Qasim International Container Terminal on Friday. Meanwhile three more ships with iron ore, palm oil and diesel oil also arrived at outer anchorage of Port Qasim during...

Boeing Statement: Renegotiation Fails; Strike Called

Boeing [NYSE: BA] issued the following statement after mediated talks with the International Association of Machinists and Aerospace Workers concluded today without reaching agreement on a new collective bargaining agreement, covering nearly 27,000 employees mainly in Washington,...

FedEx Completes Acquisition of Watkins Motor Lines

FedEx Corp. announced it has completed the $780 million cash purchase of the LTL operations of Watkins Motor Lines and certain affiliates. A privately held company based in Lakeland, Fla., Watkins Motor Lines is a leading provider of long-haul LTL services with more than...

Saga Airlines Orders Two Boeing Next-Generation 737-800s

The Boeing Company [NYSE: BA] and Saga Airlines today announced that the Istanbul-based airline has ordered two Boeing 737-800s with Blended Winglets. Saga Airlines has also secured two purchase rights for the same model. This order is valued at $149 million at current...

NYK To Take Over South America Service

NYK Line plans to take over the Atlantic North-South Express Service this month that it has been operating with Hapag-Lloyd in a joint vessel-sharing alliance. The Japanese carrier decided to operate it as its own independent service connecting the U.S. East Coast with...

California Container Fee Hits Snag

California Governor Arnold Schwarzenegger has said he would not sign the California-senate-passed bill that would place a $60 fee on loaded containers handled by California ports. The National Industrial Transportation League (NITL) reported the governor threatened to hold...

Indonesian port raises container charges

Customers at the Jakarta International Container Terminal (JICT) and the Koja Container Terminal, Tanjung Priok port, have protested against the increase in container handling charges (CHC), the Binis Indonesia reported. Previously, foreign shipping companies collected...

Big Delays At Jebel Ali

DP World may be making pots of money, but big delays at its flagship Jebel Ali operation, the UAE's largest container terminal and one of the busiest in the world, are having a ripple effect throughout the country's logistics network, leading to increased delays. Logistics...

Boeing, EgyptAir Announce 777 Fleet Enhancement

Boeing [NYSE: BA] and EgyptAir today announced an order for two 777-300ER (Extended Range) jetliners as part of the airline's twin-aisle fleet upgrade for its long-haul service. The order, which is worth $529 million at current list prices, previously was attributed to...