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EUROPEAN container volumes strengthened last year with January to November imports up 15.4 per cent over 2009, while exports rose 10.3 per cent. Container Trade Statistics (CTS) data showed that exports from Europe to Asia increased 3.6 per cent to 463,600 TEU in November, up from 447,600 TEU in October, reported London's International Freighting Weekl...
Seoul: Hanjin Shipping is in discussion with its compatriot Hyundai Heavy Industries (HHI) to build 3,600teu and 4,600teu boxships. “Hanjin has more or less finalized the 3,600teu newbuildings. It plans to have four ships delivered in 2013.” an industry official said. The company will order up to 8 boxships. No prices for the eight...
Seoul: A second Samho operated tanker, Samho Jewelry has been hijacked by Somali pirates in the Indian ocean. The 19,609 dwt chemical tanker was 350 nm southeast of the Port of Muscat, Oman, when it was pirated on the morning of 15 January according to EU Navfor. The vessel has a crew of 21 from Indonesia, Myanmar and South Korea onboard. The hijacking come...
BIMCO's "Reflections 2011" report emphasises that all of the main shipping segments are facing what it describes as a "wall" of new ships to be delivered in 2011. This oversupply of capacity is likely to cause immense problems, particularly for the dry bulk segment which is forecast to be hit hardest, as BIMCO predicts that the fleet will grow by as mu...
WEIGHING containers - full or empty - will be become a necessary part of shipping life, according to delegates attending a London conference sponsored by the insurance group, UK P&I Club. The consensus at the conference - "Weighing containers: Is it really that difficult?" - was that carriers operating their own terminals would be best placed to sta...
TEXTAINER, the world's largest container lessor, has been cashing in on a worldwide container shortage. During the recession, very few new dry freight containers were produced. Combined with the retirement of old containers, once demand picked up again in 2010, there was no supply. The world container fleet actually declined four per cent in 2009. ...
A NEWLY created US agency plans to lease sites for coastal wind farms next to high vessel traffic areas are "hurried" proposals, which do not take into account ocean management policies, says the World Shipping Council, which represents 90 per cent of global tonnage. The new Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), is prop...
THE US Federal Maritime Commission is to scrutinise New World, Grand and CKYH alliances on capacity and schedule planning on a monthly basis to avoid supply chain disruptions of the last two years. The shipping alliances have requested to authorise multiple US trade lanes which would allow capacity rationalisation and vessel/space constraints to shipper...
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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