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SAN DIEGO's Martin Home Furnishings has a shared container offer to provide smaller customers with savings on best selling collections. The programme allows customers to place smaller orders, with a minimum of 800 cubic feet, at container-direct pricing, reports US-based Furniture Today magazine. This ends the need to geographically group orders becaus...
THE German government has said - but not officially - that it will provide EUR1.2 billion (US$1.8 billion) in loan guarantees to cover bank loans needed by Hapag-Lloyd to stay afloat in the economic downturn. A spokesman for the German Federal Ministry of Economics and Technology told International Freighting Weekly the "deal was as good as done", but he ...
Today, Russia and China are set to sign an agreement on building a large shipyard in the city of Vladivostok. $200m is expected to be spent on the yard, which sees Yantai Raffles of China and United Shipbuilding Corporation of Russia coming together. Yantai Raffles, founded by Singaporean Brian Cheng, was taken over recently by CIMC, the world&rsqu...
A state-of-the-art deep sea break bulk steel terminal with an annual capacity of five million tons will start operations in the port of Rotterdam in November. The terminal, owned by C. Steinweg, a Rotterdam logistics company, will be able to handle “mini” Capesize ships of up to 130,000 deadweight tons at its 500-meter quay around the clock. ...
René de Vries (49) has been appointed (State) Harbour Master of Rotterdam, taking office on 1 March 2010. That is the date on which the current Harbour Master Jaap Lems retires. The port of Rotterdam is not unknown territory for De Vries. He began his career with the Port Authority in 1982, as crew member on one of the patrol vessels. Thr...
One of the country’s most technologically advanced cold storage facilities, built by Transnet at a cost of R45 million, was officially launched yesterday at the Cape Town Multipurpose Terminal, with a firm commitment from port operator Transnet Port Terminals to add value to fresh produce exporters throughout the Western Cape and beyond. Constructio...
Transneft has placed its series 02 bond issue worth RUB 35bn (approx. USD 1.18bn), the Russian pipeline giant announced in a statement today. Transneft placed 35m bonds with a par value of RUB 1,000 (approx. USD 33.78) each by public subscription. The first coupon rate was set at 11.75 percent, RBC reports. Oil Transporting Joint Stock Company Transneft w...
THE number of laid up containerships increased 10.4 per cent in a fortnight, according to the latest Alphaliner survey, which showed 568 ships were idle, aggregating 1.35 million TEU as of October 12 from the 548 idle vessels, totalling 1.29 million TEU, noted two weeks earlier. The Paris-based agency said laid up fleet is now the biggest ever. Apart from...
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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