Topic “shipping industry” — Exporter Magazine

Daily Maersk, Maersk Line’s new service on the Asia-North Europe trade lane, is expected to dramatically change the way shipping is done – it offers a daily cut-off at the same time every day, seven days a week, and always with the exact same transportation time, according to Transport Weekly. China’s largest shipping company COSCO (Ocean Shipping Group Co) Holdings last week reported a loss of 271 billion yuan (USD$432 million) for the first half of 2011, registering a massive 176.8% decline year-on-year, according to China Daily. A.P. Moeller-Maersk A/S may be the only shipping line to profit from growing trade between Asia and Europe even as rates reach a two-year low, according to a Bloomberg report Rising fuel prices, tumbling freight rates, piracy and now radiation fears will make this year one of the most difficult in decades for the maritime industry, forcing some shipping companies out of business, according to a Reuters report carried by mb.com.ph.