In hopes of offering shippers a more comprehensive service on Asia-Australia trade, Evergreen Line has announced a new joint North East Asia-Australia Express (NEAX) service. The Taiwanese container transportation and shipping company is teaming up with Orient Overseas Container Line, Mitsui O.S.K. Lines, "K" Line and YangMing Marine Transport Corp.
Hanjin Shipping's European routes services have completely halted, the company said last week, and a Seoul court overseeing its receivership process has approved winding down four of its European units.
A new deepwater port is planned for Arkhangelsk in the north of European Russia, according to Northern Shipping Company Arkhangelsk, a Russian shipping company. The new deepwater hub will be suitable for year-round handling of large capacity vessels and will be situated 55 kilometers (34 miles) north from Arkhangelsk near Mudyug Island, in the northern part of the Sukhoye Morje Bay, says NSC Arkhangelsk.
Gearbulk and Grieg Star have announced that they will be combining their efforts to form a single dry bulk shipping company. They say the joint venture will operate the parties' combined fleet of open hatch, semi open hatch and conventional bulk vessels.
South Korea's Hyundai Merchant Marine said this week it may submit a preliminary bid for Hanjin Shipping assets used in Asia-to-U.S. routes - a sale that could be key to Hanjin's prospects for paying off creditors. Hanjin, which filed for court receivership on August 31 after its creditors cut off financial support for the firm, put up manpower and logistics systems, five container ships and 10 overseas businesses for sale last week.
Container volumes at India's major ports increased by 6.32 percent over last year in the first half of this financial year through September, according to the Journal of Commerce. The 12 ports together handled 4.35 million TEUs in the first half, up from 4.09 million TEUs over the same time last year.
Miami International Airport will soon receive perishable freight imports by sea and load it aboard international flights, according to the U.S. Department of Agriculture - making it the first airport in Florida to handle ocean-to-air transshipment. The airport announced that the shipments should start by the end of 2016.
Container shipping company ZIM is launching an additional Asia Pacific service beginning October 25 with the following rotation: Xingang, Qingdao, Shanghai, Prince Rupert, Xingang.
A range of shipping organizations are putting pressure on the International Maritime Organization to act on air emissions ahead of the marine environmental committee meeting (MEPC 70) in late October. The meeting is scheduled to discuss policy measures for the shipping sector in terms of CO2 reduction and whether or not to postpone the global 0.5 percent sulfur cap planned for 2020.
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