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Courage Marine has upsized its fleet with the acquisition of an elderly capesize bulker. The Singapore-listed shipowner is buying the 1981-built, 130,000 dwt, Constantinoupolis from Greek owner Dalex Shipping for $7.85m. The vessel will be the largest in Courage’s fleet and increase overall tonnage by 30%. The ship is due to join the company’s f...
State-run Shipping Corp of India (SCI) said yesterday it has signed a deal for construction and delivery of two product tankers. SCI has inked the agreement with China Changjiang National Shipping Group Corporation Jingling Shipyard, it said in a statement to the Bombay Stock Exchange. SCI did not reveal the price paid. Top management have indicated that th...
Amid a global slump in newbuild orders Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) said its venture in Nigeria signed a one-year agreement to ship oil for Nigerian National Petroleum Corp. (NNPC) worth $100 million. The venture will ship 260,000 tons of oil a month, the Seoul-based company said in an e-mailed statement today. DSME is in...
Despite a sluggish year by its own meteoric standards, Shanghai has extended its lead as the world's largest port, with its nearest competitor some 120m tons behind the Chinese giant. Shanghai's overall port figures were up 1.3% or 8m tons to 590m tons in 2009, according to the National Development and Reform Commission giving it the largest port crown fo...
GEORGIA Ports Authority's (GPA) has announced that the second quarter of FY2010 ended December 2009 yielded a 3.6 per cent increase in container throughput compared with the October-December period the previous year. "Georgia's ports are beginning to experience positive signs that the new shipping lines and capacity we added during the economic downturn...
PORTS in East China's Jiangsu province registered a shipping volume (including arrivals and departures) of 750 million tonnes and five million tonnes in 2009, up 13.3 per cent and 1.4 per cent respectively while hitting a record high, reports Xinhua. Freight volume from local vessels grew 10.8 per cent to 270 million tonnes while those originated from in...
A MEMORANDUM of Understanding (MoU) to set up a supervised warehouse within the Qianhaiwan Bonded Port Area to facilitate the handling of Logistic Cargoes' exports through Shenzhen's western port area has been signed by Shekou CIQ, Chiwan Container Terminal (CCT), Shekou Container Terminals (SCT), China Merchants Maritime Logistics (CMML) and Jiayuntong L...
The Port of Gothenburg, the largest port in the Nordic region, experienced a fall in freight volumes during 2009 although a recovery was noted during the second half of the year. Despite the recession, the proportion of freight transported by rail continued to increase and during the year broke all previous records. During the first half of the year, ten ...
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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