Evergreen, CSCL link up

Taiwan’s Evergreen is getting together with China’s CSCL to run a new service to the Philippines and Thailand.

The container lines said the China-Philippines-Thailand Express (CPT) loop will begin mid-March.

It will deploy three 2,500-teu ships, two of which will come from CSCL.

Port rotation is: Shanghai–Ningbo–Manila North Harbor–Manila South Harbor–Laem Chabang–Hong Kong–Shanghai

The lines want to offer a prompter service for intra-Asia customers, they said.

By Gary Dixon in London

Published: 15:46 GMT, 10 Mar 10 | updated: 10:02 GMT, 18 Mar 10

TradeWinds WebTV

Six missing in VLCC smash

Frontline hungry for more

Hoegh, Greek ships escape

JF tips tanker trouble

Brightoil confirms VLCCs

Cruise ship runs aground

Lauritzen bulker attacked

‘Contango coming back’

Jo pens tanker pair

Torm bags new bulk boss

Horizon yard lands $8.7m order

US shipyard victorious in heated battle for a bite of government newbuilding deal.

15:29 GMT, 02 Sep 2010

Iranian volumes on the climb

Ports handled 56.12m tonnes of cargo in the last five months, up more than 5%.

14:40 GMT, 02 Sep 2010

Swiss score for Frontline

Tanker giant ties up three-year VLCC deal with Transcor Astra Group.

13:13 GMT, 02 Sep 2010

Wan Hai winning again

Taiwanese boxship player continues to forge ahead in 2010 after dire previous year.

12:52 GMT, 02 Sep 2010

Swee Joo in default

Malaysian bulker and boxship owner in talks with banks after being unable to meet debt repayments.

10:59 GMT, 02 Sep 2010

Capex fears draw BLT cuts

Fitch follows S&P in cutting its ratings on Berlian Laju Tanker.

10:24 GMT, 02 Sep 2010

Yang Ming stronger

Taiwanese container line turns around first-half losses as markets improve.

10:04 GMT, 02 Sep 2010

Tanker free after grounding

Atlas ship refloats after hitting Horseback Shoal hard in St Lawrence, Canada.

09:29 GMT, 02 Sep 2010

Remoy pens Kleven pair

Olympic Shipping rocks up at Norwegian yard with double order potentially worth over $120m.

08:56 GMT, 02 Sep 2010

MOL depreciates to accumulate

Japanese owner reportedly extends LNG carrier depreciation period, boosting bottom line.

08:41 GMT, 02 Sep 2010

Heavyweights in at K-Sea

First Reserve and Kayne Anderson inject cash into US tug and barge owner.

08:12 GMT, 02 Sep 2010

Vale ‘mulls Malaysian port’

Brazilian miner could call for an international tender for a $1bn port near Strait of Malacca.

08:01 GMT, 02 Sep 2010