Media
Media
FREIGHT rates on major east-west loops are projected to shrink seven per cent in 2011 because carriers cling to abundant capacity to better cling to market share, reports Drewry's latest quarterly Container Forecaster. "Unfortunately, the desire to maintain market share seems to be the primary driver in the east-west trades at the moment since carriers...
VIKING Life-Saving Equipment, a specialist in marine and fire safety equipment, is on a winning streak with its innovative Shipowner Agreement servicing contracts being snapped up by shipowners in a series of increasingly large, global deals. The latest in line – and one of the largest of its kind – is the signing of a liferaft exchange cont...
Wilhelmsen Ships Service has opened a new office in Sousse, south of Tunis and conveniently located between Tunisia’s main ports. The new facility will service a growing market in the region, including vessels calling on Tunisian ports and a number of offshore customers, with Wilhelmsen Ships Service’s range of agency services and Unitor marine ...
Baghdad: Iraq has allocated US$100m to buy nine ships, including one passenger ship, said a source at Maritime Transport Company. The nine ships with 15,000 to 20,000 tons capacity will be mainly used for importing food to the country, The source said. The details of possible shipyards and contract terms will be announced later in a news conference, the...
HALF of the refrigerated ship fleet worldwide is expected to vanish and replaced by containerships carrying refrigerated boxes, reported London's Financial Times. "In 10 years' time the overall world fleet might only be half of what it is today," said managing director of Seatrade Yntze Buitenwerf. Since containers are easier and cheaper to load, ...
TRANSPACIFIC start-up The Containership Company (TCC) has entered a loan agreement with DVB Bank to allow options to purchase the 2,564-TEU Taicang Dragon from UK-based shipping financier Marine Capital Ltd for US$28.8 million, less than current market value of $35 million. The purchase of the geared containership built at Xiamen Shipyard in 2008 follow...
CARRIERS have decided to delay the increases in freight rates of US$250-$300 on the Asia-Europe trade lanes to March after the unexpected decline of spot rates, reports London's International Freighting Weekly. Freight rates between Shanghai and north Europe dropped to $1,381 per TEU on January 7 from $1,401 the previous week, according to the Shanghai...
THE Sodruzhestvo, with 348 aboard, remains trapped in two-metre pack ice in the Sea of Okhotsk as worsening weather delays rescue by Russian icebreakers. "In the next two days, winds are predicted to strengthen and visibility to lower," said a spokeswoman for Russia's Far East Shipping Company. The Sodruzhestvo was ice-bound with four other ships, ...
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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