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HAMBURG-based classification society Germanischer Lloyd says it has been authorized to participate in the US Coast Guard's (USCG) Alternate Compliance Program (ACP). US-based shipowners can now choose Germanischer Lloyd as their recognized organization, acting on behalf of USCG. GL is one of only three non-American classification societies to have ACP author...
Maersk Line Ltd., the U.S.-flag arm of the Denmark's A.P. Moller Maersk Group, will exhibit an out-of gauge cargo option from ITL TechnologiesT Solutions Inc. at the National Defense Transportation Association's annual conference next week in Charleston, S.C. ITLT Solutions?design, Contrail, allows oversize cargo that can't fit into containers to be trans...
Congestion is low at major U.S. container ports despite record volumes, said the latest monthly Port Tracker report released Thursday by the National Retail Federation and consulting firm Global Insight. The report estimates 1.52 million TEUs were handled in August at the ports it tracks, up 2.3 percent from August 2006 and breaking the record of 1.51 mi...
New York-listed Seaspan Corp. has joined the summer stampede for mega-ships by signing contracts to build eight new 13,100-TEU boxships with Hyundai Heavy Industries and its subsidiary, Hyundai Samho, with Chinese carrier COSCO Container Lines agreeing a long-term charter deal for the ships. The contract price per vessel is about $165 million resulting i...
Lloyd’s Register announces the creation of Hellenic Lloyd’s, marking a new phase of strategic investment to further consolidate and increase its leading position in the Greek market. Greek shipowners currently account for some 20% of world tonnage and 26% of the worldwide Lloyd’s Register-classed fleet. Over the next twelve months a significant number o...
On September 8th, 2007, COSCO Container Lines Co., Ltd. signed the charter parties with Seaspan Corporation for eight 13100TEU newbuilding vessels in Beijing. As per the charter parties, the charter period will be twelve years and the rate will be USD55000 per vessel per day. The vessels will be built by Hyundai Heavy Industries Co., Ltd. and Hyundai Samho H...
NORWEGIAN parcel tanker company says a change in the country's tax laws would reduce its ability to invest in fleet replacement by “an amount of close to US$1bn”. It says in a statement rushed out over the weekend that its relative competitiveness would be severely hampered compared to our main competitors that are operating under international tax regime...
Thirteen people aboard the Maersk Buffalo at the Port of Oakland were hospitalised yesterday after falling ill, possibly as a result of bunker fuel fumes. Local newspapers reported that another 25 crewmembers of the 4,150-teu containership (built 2007) and members of a longshoremen union local were treated on the pier at an APM containership terminal ...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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