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ISRAEL's flag carrier ZIM will charter the Rickmers group 4,250-TEU SAMUEL RICKMERS to be renamed ZIM TEXAS and as yet unassigned. The Jiangsu-Yangzijiang shipyard-built vessel is the 21st built in the Jiangsu 4250 series and follows an August delivery of WOLFGANG RICKMERS. (Source:www.schednet.com)
Seoul: Hyundai Group said on Monday that it is planning a multi-trillion-won rights issue via the French unit of its shipping line, Hyundai Merchant Marine, to fund its $4.8 billion purchase of a 35% stake in Hyundai Engineering & Construction Co Ltd. The rights offering announcement is Hyundai Group’s latest effort to shrug off concerns...
Seychelles: UAE-owned bulker, Orna, was hijacked in the Indian Ocean on Monday. The Panama-flagged, 27,915 dwt, Orna, was 400nm northeast of the Seychelles when it was attacked by at least two skiffs manned by pirates firing small arms and rocket propelled grenades, according to EU Navfor. “The vessel was stopped and boarded by at least ...
Seoul: Korea's Hanjin Heavy Industries & Construction, which carried out a large-scale restructuring at the beginning of the year, is planning to make another round of redundancies, with 400 employees set to go, creating strong opposition from its union members. Hanjin sent to its labour union an official letter of 'an announcement of restructurin...
THE UN's Maritime Safety Committee (MSC) of the International Maritime Organisation has proposed called for the replacement lifeboat release systems, but its motion was voted down by industry representatives, reports Tanker Operator. The MSC has since tasked its design and equipment sub-committee to thoroughly review proposed revisions before next May,...
AS of December 13, Reuters reports that 29 ships containing at least 363 people are still being held captive by Somali pirates after a year of piracy off the Horn of Africa. Tankers and bulkers were the hardest it with only one containership and a multipurpose ship still in the hands of pirates. Taken, and still held, were fishing boats which despite th...
THE CKYH Alliance (COSCO, K-LINE, Yang Ming, and Hanjin Shipping) is to launch its sixth Far East-North Europe service, NE-6 following delivery of 10 vessels of 8,500-10,000-TEU early 2011. The newbuildings will be chartered by Hanjin Shipping and COSCO according to a report from Paris-based newsletter Alphaliner. (Source:www.schednet.com)
CAPACITY deployed on the Far East-Europe container trade has risen by one-fifth since the start of 2010, with the weekly supply increasing from 311,000 TEU in January to 375,000 in December, reports Alphaliner. "Although volumes transported have diminished with the winter season, there is no significant slack season capacity adjustment this year. The ca...
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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