News

UASC emerges as front-runner to acquire lose-making NOL's fleet & 2.8pc market share

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GLOBAL TRADE

UNITED Arab Shipping Company (UASC) has been singled out as a leading potential buyer of loss-making container shipping line, Singapore's Neptune Orient Lines (NOL), which is to be sold by the state investor Temasek Holdings for a US$2 billion asking price, well below its market value due to the timing of the sale.

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as per SCFI spot freight rates from Asia to north Europe fell 34.9 per cent last week to US$518 per TEU,

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GLOBAL TRADES

Spot freight rates from Asia to north Europe fell 34.9 per cent last week to US$518 per TEU,
according to the Shanghai Containerised Freight Index (SCFI)

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Turkey's Asyaport starts operations

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INTRA MED - BLACK SEA

Turkey'slargest, one of Europe's top 10 ports, Turkey's Asyaport has berthed the first ship, MSC Tokyo.

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A reduction in the size of the idle containership fleet during the first half of June

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GLOBAL TRADES

A big eduction in the size of the idle containership fleet during the first half of June is fuelling hopes that charter hire rates will rise again

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