Mediterranean Sea

Group helps promote Mediterranean alternative for local lines

The ports of Barcelona, Genoa and Marseilles are working through European economic interest group Intermed to promote themselves as the gateway to North Africa, the Middle East and southern Europe.

Wednesday, 24 November, 1999, 12:00am

Canada Maritime extends cover

Container shipping line Canada Maritime has appointed two new representatives in Malta and Cyprus to improve its coverage in the Mediterranean and North America.

Gollcher Co will represent Canada Maritime in Malta and Seascope Navigation in Cyprus.

21 Sep 1998 - 12:00am

Suez Canal receipts slide

Receipts at the Suez Canal fell to US$139.6 million in June from $150.9 million in May and $148.9 in June 1997, according to Egyptian Government statistics. In June, 1,250 vessels carrying 31 million tonnes sailed through the waterway that links the Mediterranean and the Red Sea.

17 Aug 1998 - 12:00am

MSC denies route closures

MSC Mediterranean Shipping has denied reports it will close services to Japan and South Korea due to low volume.

The carrier said it would continue its services and planned to increase its presence in the Asian market.

27 Feb 1998 - 12:00am

Evergreen to open joint service

Evergreen, in association with Lloyd Triestino, is to offer a new service from the Adriatic to the Middle East, Pakistan and India, the company says.

12 Apr 1996 - 12:00am

Weather conditions disrupt loading

EXTREME weather conditions in the Atlantic, particularly on the United States eastern seaboard, but also in the North Sea, US Gulf and Gulf of Mexico, have severely disrupted loadings within the North Sea, West Africa and Caribbean markets.

VLCC activity from the Middle East Gulf increased last week with 27 vessels fixed.

15 Jan 1996 - 12:00am

Accord struck on US routes

THE Tricon group, comprising DSR-Senator and Cho Yang, has agreed with Italia di Navigazione on rationalising operations between the western Mediterranean and US East Coast.

15 Dec 1995 - 12:00am

Deal on Asia-Europe routes

HYUNDAI Merchant Marine (HMM), Mediterranean Shipping Co (MSC) and Norasia have formed an alliance to provide services on the Asia-Europe route.

The co-operation will start in the middle of 1996 with two services.

HMM will operate a weekly service with eight ships with capacity between 4,400 and 5,500 teu and a service speed of 24 knots.

8 Dec 1995 - 12:00am

Group adds Tunis to feeder network

HIMALAYA Express and CMB Transport have introduced Tunis to their dedicated feeder network for serving the west Mediterranean, Greece and Turkey.

The companies will operate the connection weekly, with a transit time of 31/2 days, calling at Tunis on Tuesdays.

4 Dec 1995 - 12:00am

All bad news for VLCC owners

RETURNS for owners trading very large crude carriers (VLCCs) out of the Middle East Gulf last week continued to be abysmal, with older, high-consumption, steam-turbine vessels earning the timecharter equivalents of about US$3,500 to $4,000 a day on voyages to the east.

15 May 1995 - 12:00am

Owner struggle to maintain rate levels

OWNERS last week continued to struggle against pressure to keep rates down, with 21 very large crude carriers (VLCCs) and ultra large crude carriers tons fixed from the Middle East Gulf.

The majority of the 5.3 million aggregate tonnes were headed for the Far East and the Red Sea.

5 Sep 1994 - 12:00am

Another disappointing week for larger vessels

LAST week saw another disappointing amount of new enquiry for very large crude carriers (VLCCs) and ultra-large crude carriers (ULCCs) from the Middle East Gulf, only just matching the previous weeks levels.

Again rates showed little with VLCCs being fixed to Europe at Worldscale (WS) 34 an ULCCs to the Red Sea at just over WS 30.

16 May 1994 - 12:00am

Strong fixings fail to stimulate rate rises

IT is surprising that with nearly seven million tonnes of tonnage being fixed last week, rate levels have not shown a significant improvement.

7 Mar 1994 - 12:00am

Consortium plans major port links to Mediterranean

SHIPPING lines Nippon Yusen Kaisha (NYK), Compagnie Maritime d'Affretement (CMA) and Yang Ming Marine Transport Corporation (YML) have formed a joint service - the Med Club Express - linking the principal ports in the Mediterranean and the Far East starting from January next year.

13 Oct 1993 - 12:00am

Tonnage shortage raises hopes of strengthening of rate levels

IN spite of reduced activity in the Middle East Gulf last week, rates have recovered to the Worldscale (WS) 42.5 level for Western destinations as the shortage of acceptable vessels has reduced charterers negotiating power.

30 Aug 1993 - 12:00am