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Tokyo: IHI Marine United Inc. has developed a tanker and bulk carrier that emit 30% less carbon dioxide than its existing offerings, rounding out its eco-ship series. The IHI Corp subsidiary modified the bow design to reduce wave resistance and boosted the efficiency of the screw propeller. Together with a container vessel announced in June, the firm se...
CMA CGM announced rate increases and new peak season surcharges that will take effect in the next month or two on several of its trade lanes. Although the peak season is winding down, the French carrier announced two peak season surcharges, one of which affects the trans-Pacific trade. It plans to impose a peak season surcharge as of Jan. 1 on cargo...
DFDS has sold the two routes in the northern part of the Irish Sea, Belfast-Birkenhead and Belfast-Heysham, plus two ro-ro vessels - Hibernia Seaways and Scotia Seaways - and two chartered ro-pax vessels, to Stena Line. Stena Line will in addition take over operations at the port terminals of Belfast, Birkenhead and Heysham. Turnover on the routes in 20...
Dalian: Cosco (Dalian) Shipyard has bagged orders for three kamsarmaxes from two owners. Majority shareholder of Cosco Shipyard Group, Cosco Corp, said the yard had secured $110m worth of contracts to build three 82,000 dwt bulkers. The vessels are being built for undisclosed European and Chinese owners. The bulkers are due for delivery between September 20...
Shenzhen: A Shenzhen-listed ship design firm is moving into shipbuilding. Shanghai Bestway Marine has announced that its subsidiary Bestway Technology has bagged a contrazcct for RMB119m to design and construct a pair of 6,000 hp multi-purpose offshore supply vessels for Tianjin Zhihai Shipping. The ships are scheduled for delivery on 29 February 2012. ...
THE US$500-million US east coast Jasper Ocean Terminal being developed by Georgia and South Carolina on the Savannah River will be able to handle seven million TEU a year, much of it coming from Asia. But such throughputs have not been seen at rivals LA-Long Beach on the west coast since 2008-2007, reports a Los Angeles Times story on the development of...
TRANSPACIFIC rates are under pressure and falling unless carriers can manage capacity out of eastbound trade to balance deliveries of newbuilds and an "already delicate" supply-demand balance said Paris-based analysts at Alphaliner. According to forwarders spot rates from the summer have fallen from US$2,800/FEU on China-US East Coast to close to $2,000...
ISRAELI flag carrier Zim has announced it will raise rates US$250 per TEU from Asia and the Indian subcontinent to Europe from January 1. The increase applies to all cargo bound for Mediterranean, Israeli, Black Sea and north European ports. The shipping line said the increases are needed "to maintain current levels of service and high reliability". (...
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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