Archived articles

Shipbuilding orders exceeded $30b

South Korean shipbuilders have secured orders worth some $33.2b in the first half of the year, Korea Times reported. According to Korea’s Ministry of Commerce, Industry and Energy, domestic shipyards received orders to build 364 ships, which translates into 11.32 million compensated gross tons (CGTs) worth $33.2b, up 51.3 percent from a year earlier.

New Container Terminal in Subic

Portworld News reported on July 16, 2007 that Philippine President Gloria Macapagal-Arroyo has inaugurated the New Container Terminal 1 (NCT-1) located at the Subic Bay Freeport. This is the first phase of the development project in the area which is estimated to cost US$215 million.

24 hour manifest rule

Maersk Line informs that with effect from 1 September 2007, Mexico Customs will apply a “24 Hour Rule” for all import cargo to Mexico.

This new regulation requires carriers and NVOCC’s to provide cargo manifests 24 hour prior to loading of cargo at origin ports for shipments destined to Mexican ports. A similar regulation has already been implemented in the United States and Canada as a security measure.

FEFC Europe to Asia Eastbound Trade - Revised Tariff

 

Eastbound trade between Europe and Asia has seen substantial growth during the last 5 years, and is a major trade in its own right.

Despite this welcome trend there is a disparity in the total trade, and as a result an increasing requirement to use available capacity for repositioning empty equipment to Asia for immediate deployment in the Westbound Trade.

In the light of this situation, the current rates of freight in the eastbound trade are not sustainable in the long term, and the member lines of the FEFC have decided to introduce a new tariff with effect from 1st October 2007.

US importers: bill to bring chaos

American importers see chaos if a Bill Congress passed recently becomes law because it demands compulsory screening of all containers in foreign ports before they embark for the US, reports a London financial daily.

BAF (IFP), CAF and SEC (Security Charge) and other valid surcharges for main trades. September 2007

 

Bunker Adjustment Factor (BAF) – import / export

To/From Mediterranean and West Coast European Region:
The BAF applicable for the month of September 2007 will be USD 345.00 per TEU/USD 17.25 W/M LCL

To/From the UK, North West Continent, Scandinavia and Baltic Sea Region:
The BAF applicable for the month of September 2007 will be USD 345.00 per TEU/USD 17.25 W/M LCL plus additional USD 5.00/TEU
USD 0.25 W/M Low Sulphur Fuel Surcharge.

 

Congestion in Port of Algeciras, Spain

The Port of Algeciras in Spain, which is used as a transhipment point by Maersk Line, remains congested with possible delays to our services. Efforts are being made to minimise the disruptions, but labour supply will remain scarce throughout the next months, and, due to an extensive crane maintenance programme, operations will possibly be affected.

On behalf of Maersk Line

Ridgebrook Ventures starts activity in Russia

In 2007 the Ridgebrook Ventures board of directors has made a decision to establish a separate Russian office in St.Petersburg. The Saint Petersburg branch will be engaged in all international traffic and perform cargo transportation to and from Russia and other countries.