BRITAIN's Falkland Islands are under increasing attack by Argentina to curtail container movement and suffocate the local economy, putting shipping companies under pressure to boycott the colony, reports United Press International. Under a recent Argentine presidential decree, vessels bound for the Falklands first must seek permission before going. Arg...
Global containership fleet increased 9.1 per cent last year to 4,849 ships totalling 14,270,000 TEU, according to industry analyst Alphaliner. At January 1, the number of ships (cellular and non-cellular) deployed on liner trades reached 5,970 totalling 14,809,000 TEU, up 8.6 per cent in 12 months. A total of 261 containerships totalling 1,373,000 T...
Hanjin Shipping Co., Ltd (HJS) announced today that as of March 2011, a new Europe to South America Express Service (ESE) will be launched together with United Arab Shipping Company (UASC), COSCO Container Lines Co., Ltd. (COSCON) and Compania Chilena de Navegacion Interoceanica (CCNI). ESE Service will deploy six vessels of 2500 TEU capacity. UASC and ...
Keelung: Yang Ming Marine Transport Corp said Thursday it is planning to spend more than NT$2bn (US$68.56m) to buy containers in 2011. A total of 30,000 teu will be bought as newbuilds arriving to the Yang Ming fleet this year mean cargo volumes shipped are likely to grow 8-9%. In late December, rival Evergreen Marine Corp, Taiwan's largest shipown...
Shanghai: Ningbo-based state holding shipping firm, Ningbo Marine Company Limited, offered to the public RMB720m convertible bonds to fund four newbuildings, according to the announcement on the Shanghai Stock Exchange. The raised funds will be used for the payment of one 57,000dwt bulk carrier and another three handymaxes signed last year. &ldquo...
JUDGES of the International Tribunal for the Law of the Sea in Hamburg have yet to deliver a final ruling on the seizure of research vessel Louisa in Spain where she is suspected of illegal treasure hunting but has been held for six years without authorities making a case. The case is only the 18th to be heard by the International Tribunal for the Law o...
EASTERN China's Shandong provincial shipbuilders exported 41.6 per cent more tonnage in the first 11 months of the year, amounting to US$1.8 billion in value, a year-on-year increase of 110 per cent, Xinhua reports. In November, the province's ship export value set a new high by hitting $350 million, an increase of 250 per cent over the same month in ...
GERMAN carrier Hapag-Lloyd has announced it will work with Hamburg Sud to add calls at Saudi Arabian Red Sea port of Jeddah in both directions of an Indian subcontinent, Mideast, Europe service from January 23. This service is coded "IOS" by Hapag-Lloyd or "ELIP" by Hamburg Sud, which will call at Hamburg, Tilbury, Antwerp, Tanjiers, Cagliari, Jeddah, J...
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