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FIGURES from the Hong Kong Marine Department show the port handled 2 million TEU in November, an increase of 10 per cent over the 1.9 million TEU in November of last year. Singapore's Maritime and Port Authority reported a 3.8 per cent increase in container movement in November, having handled 2.4 million TEU compared to 2.3 million TEU in November of ...
CSAV Group is to upgrade the fleet operating on the Asax service from this month to provide a more competitive service for customers. The upgrade involves changing vessels from 4,300 and 5,300 to 6,500 TEU vessels starting in Qingdao with MN Maipo on Decmeber 22. The fully independent Asax service operates with 12 vessels. (Source:www.cargonewsasi...
Guangzhou: Leading protective coatings supplier Hempel officially opened a new, state-of-the-art manufacturing facility this week in Guangzhou, China. Hempel’s new factory will help the company meet the increasing demand for coatings in the region. The factory also includes a new research and development centre which is the third largest R&D facil...
Seoul: South Korea's Daewoo Shipbuilding and Marine Engineering, the world's second-largest shipbuilder, said on Thursday it had won a $1.3bn deal from Chevron Corp to build an offshore platform which will be deployed in Australia. Daewoo said in a statement that the platform will be delivered in 2014. It has been a fantastic fortnight for Korea&rsq...
Hong Kong: Asia Australia Discussion Agreement (AADA) has proposed imposing US$250 per teu and $500 per feu bunker surcharge for dry and reefer containers for services from China and Hong Kong to Australia from January 10. Container carriers are looking to push rates up on all tradelanes next year on the back of a hugely successful 2010 that Drewry now ...
Tokyo: Nippon Yusen Kaisha (NYK) and Vinalines Container Shipping Company (VCSC) will launch a new joint service, the Thailand-Vietnam-Singapore (TVS) service, at the end of December. The TVS service will be operated by two 1,100 teu vessels. NYK and VCSC will deploy one vessel each for this new joint service. The first vessel will be deployed by NYK on...
Tokyo: Okinawa’s status as an oil hub is growing. Japan and Saudi Arabia this week signed a contract allowing the kingdom to store its crude for commercial use in Japan in exchange for prioritizing the supply of crude to the Asian country in an emergency, Japan's Ministry of Economy, Trade and Industry said in a statement. Under the deal, Saudi A...
Seoul: Hyundai Merchant Marine rose in early trading on the Seoul bourse today after an Edaily report that indicated its unlisted parent, Hyundai Group, may have trouble in going ahead with a takeover bid for Hyundai Engineering & Construction. The report said documents submitted by Hyundai Group on its funding plans were “insufficient.” ...
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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