Iran-Kuwait container shipping line launched

A refrigerated container shipping line between Islamic Republic of Iran and Kuwait started its activity with forwarding the first shipment of agricultural food products via this port. He made the remarks made on Wednesday and added, “the first consignment of this shipping line, as weigh as 160 tons including various types of food products, fresh.

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Ocean Alliance passes 2M to take the lead on Asia-Europe market share

The Ocean Alliance has overtaken the 2M alliance, adding the market share lead on the Asia-Europe tradelane to its already dominant position on the transpacific. The vessel-sharing alliance of CMA CGM, Cosco (including OOCL) and Evergreen did not follow rivals 2M and THE alliances in temporarily suspending an Asia-North Europe loop through to October, and.

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Inchcape stays focused on core ship agency business

In his two years since moving up to become ceo of Inchcape Shipping Services, Frank Olsen has worked to sharpen the company’s focus on the traditional business and values of ship agency. First up, he divested Inchcape’s freight forwarding arm in the Middle East as being overly “capital intensive”, he explained, thereby “roughly halving” company debt.

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CMA CGM to impose emergency surcharge at Cape Town Port

CMA CGM, the world’s fourth-largest container shipping line, will impose emergency congestion surcharges at Cape Town port in July due to disruptions caused by the coronavirus, it has told customers. From July 1 until further notice, it will impose a surcharge of $550 for 20-foot containers and reefers and a $1,100 surcharge for 40-foot containers.

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NORDEN orders four ultramax bulkers

Danish shipping company NORDEN announced Monday it has ordered four 61,000 dwt Ultramax bulk carriers from Nantong Cosco Khi Ship Engineering Co. (NACKS), for scheduled delivery in 2022. NORDEN CEO Jan Rindbo noted that the newbuilding contract is in line with the company’s strategy of agile asset trading and active management of NORDEN’s cyclical market.

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RCL revamps service to link up Malaysia and Indonesia ports

Regional Container Lines (RCL) has announced a revamp of its RMS service to link up Malaysia and Indonesia in a new “butterfly” service. Branded as the RMS15, the route will be served by a pair of 1,200-teu container vessels, of which the 1,850-teu Teera Bhum will commence the maiden voyage on the revamped service on.

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Shipping lines back away from transporting scrap to China

Container shipping firms Hapag-Lloyd and Mediterranean Shipping Co. (MSC) reportedly have indicated they will no longer accept scrap metal or paper as cargo to ports in the People’s Republic of China. A report on the New York-based Maritime Logistics Professional website indicates Switzerland-based MSC announced in early June that it would stop accepting such shipments,.

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