Wan Hai Lines to launch China – East India V (CI5) Service

Wan Hai Lines is pleased to announce the launch of China – East India Service V “CI5 service” on 13th December, 2020. This new service will help to expand Wan Hai Lines network in North China and East India. This service will be operated by 6 vessels with nominal capacity of 4,250TEU. CI5 maiden voyage.

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Covid-19 sees vessel operating costs rise at their fastest pace in over a decade

Vessel operating costs have risen at their fastest pace in over a decade this year, on higher insurance cover premiums and Covid-19 related expenses, according to new research carried in shipping consultancy Drewry’s Ship Operating Costs Annual Review and Forecast 2020/21 report. Drewry estimates that average daily operating costs across the 47 different ship types.

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SCI disinvestment evinces interest from Vedanta, DP World among others

Vedanta and Dubai’s DP World have expressed interest in acquiring a stake in Shipping Corporation of India (SCI), The Economic Times reported citing people familiar with the matter. The roadshow organised by DIPM reportedly attracted up to 9 potential investors, including shipping companies from Norway and South Korea. While DP Dubai is among the top.

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ONE stops accepting food cargoes to Huangpu, China over reefer congestion

As China continues to tighten inspection requirements for cold chain food imports over Covid-19 fears Ocean Network Express (ONE) has suspended taking food import bookings bound for Huangpu, China. “Due to stricter customs inspections and disinfection requirements for food import commodities (including but not limited to meat, seafood, dairy, fruits and vegetables), inbound reefer container.

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Liner competition shifts focus to NVOCC’s

Today’s launch of CMA CGM’s SEAPRIORITY go and SEAPRIORITY get by CMA CGM reveals the confidence carriers have that the current surge in cargo on the Pacific will continue, but also shows the lines’ newfound ability to manage capacity, bolstering rates and carrier income. SEAPRIORITY go will offer fast, 12-day, transit times from Yantian to.

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Yang Ming joins majors, offers online rates and box bookings

Yang Ming now offers a digital booking, joining fellow Taiwanese carrier Evergreen that has been doing this for a year together with half the global carriers, reports. Yang Ming will use a quoting and booking platform developed by BlueX Trade, a San Francisco- and Taipei-based software provider. Evergreen’s GreenX instant quoting and booking product, like.

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Global container shipping lines rebound from Covid-19 impact

Finally, global container shipping is showing a strong rebound, leaving behind the Covid-19 pandemic, going by the financials of the world’s two largest container shipping lines — AP Moller-Maersk and CMA-CGM. During the third quarter ended September 30, 2020, both the global shipping companies showed improved volumes when compared to the previous two quarters. Both.

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