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MAERSK Line is
set to break
another record
this year when
it introduces
what is possibly
the largest ever
series of peak
season
surcharges.

The world’s
largest
container line
is currently
preparing a
formal
announcement,
but Lloyd’s List
has learnt from
customers and
freight
forwarding
sources that on
July 15 it will
bring in a peak
season surcharge
on the westbound
Asia-North
Europe trade of
$750 per teu,
$1,000 per feu
and $1,200 per
high-cube feu. |
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CSAV
eyes return to
profit and surge
in liftings |
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CHILEAN
container
shipping line
CSAV expects to
carry about 60%
more cargo
during this year
than in
recession-hit
2009, and should
return to the
black by the end
of the second
quarter.

At the beginning
of this year, it
operated 88
charted vessels
with a total
shipboard
capacity of
297,520 teu, and
owned eight
vessels with a
total capacity
of 36,402 teu.
Chartered vessel
will be
increased to 130
by next January
— representing
total capacity
of 482,546 teu —
thereafter
dropping down to
123 vessels in
2012 and 2013,
while its owned
tonnage would
increase to 10
vessels next
year, 15 in 2012
and 16 in 2013,
which would have
shipboard
capacity of
97,714 teu and
represent 17% of
its total fleet. |
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Chinese
banks to become
less inhibited
in ship finance |
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CHINESE banks
will
“inevitably”
branch out in
international
ship finance
after a
relatively
short-lived
period of
educating
themselves in
the industry, a
prominent Greek
shipping
financial
consultant has
said.

At the same
time, Mr
Xiradakis
predicted China
would become a
major provider
of equity
finance for
shipping, with a
greatly enhanced
role in future
for the Hong
Kong stock
exchange. |
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Experts
question slow
steaming
prospects |
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SLOW steaming is
not a panacea to
address the
economics of
increasing fuel
costs or
shipping
emissions
despite an
industry-wide
shift to slower
steaming speeds
and confident
predictions that
the shift is set
to become a
permanent
feature of the
industry.
But a growing
bank of industry
experts is
questioning
whether the
trend will
survive once the
market picks up
speed
“I think
reducing speed
is one of the
measures that
can help us
reduce
emissions, but I
do not believe
in the radical
speed reductions
that we have
seen for example
in the
containerships
sector,” DNV
president Tor
Svensen told
Lloyd’s List at
Posidonia |
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Pirates
free Asian Glory
after ransom
payment |
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SOMALI pirates
have released
UK-flagged car
carrier Asian
Glory, which has
been in
captivity since
New Year’s Day,
following
payment of a
ransom of
unspecified
amount,
according to a
statement on the
EU Navfor
website.

According to
Lloyd’s Marine
Intelligence
Unit, the ship,
which is owned
by the Israel
-based Ofer
Brothers Group,
was en route to
Jeddah in Saudi
Arabia from
Singapore at the
time it was
taken.
The 1994-built,
13,363 dwt Asian
Glory is
expected to
leave for Oman
under escort
from a British
military vessel. |
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