Zim's membership in the FEFC is subject to regulatory approval which is expected to pass in January

Schaefer noted that due to the powerful position Zim will have and due to lack of competition the quality of service would be harmed. Zim: increase is due to increasing operating costs

The new freight rate for a 20-foot container will rise by $150 to the East Coast and by $200 to West Coast ports

Evergreen announced it will began the service with a single vessel M/V Ital Ordine, in September this year. In November the service will run on a weekly basis

His letter to the Israeli PM followed an announcement by A.P. Moller-Maersk Group that it plans to suspend its direct shipping service to the US from Haifa Port in October

The company will discontinue the East Med service and cargo moving between the East Mediterranean and North America will be carried on MECL services

Spanish customs claimed last week to have intercepted arms shipment from Israel to Nicaragua. The ship's bill of customs noted that the container was carrying air rifles

The vessel was christened by Mrs. Alessandra Bucci, sales representative of Roberto Bucci. The vessel is the fifth of seven Panamax type ships