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DELIVERIES of new containerships have hit 1.29 million TEU this year and will rise to 1.42 million TEU by January despite slackening demand on major trade lanes, according to the Paris-based consultancy Alphaliner. More than 1.07 million TEU of new building capacity was delivered in 2009, falling short of the record 1.57 million TEU in 2008. Total capacit...
SINGAPORE's intra-Asian specialist Samudera Shipping Line has posted a third quarter net profit of US$6.3 million up from a year-on-year net loss of $4 million. While the Indonesian-owned carrier had returned to profitability in the previous quarter, it was still its best quarterly performance since 2008. Third quarter revenue increased 14 per cent yea...
THE ASIAN Shipowners' Forum (ASF) Seafarers Committee, meeting in Qingdao, China, expressed concerns about the health, security and professionalism of seafarers. Fatigue of seafarers was a problem, said the statement from the meeting, which urged Asian governments to approve the proposed resolution on the "principles of safe manning" raised at the 27th m...
THE idle containership fleet grew two per cent to 138 ships, or 289,000 TEU, compared to 132 ships of 243,000 TEU, two weeks ago, reported the Paris-based consultancy Alphaliner. Four recently idled ships are above 7,500 TEU, the first of that size to fall into unemployment as the annual slack season began. To avoid lay-ups, Cosco assigned its surplus 8...
Kenyans will soon start paying more for imported goods after shipping companies slapped additional charges on cargo transportation, reported Daily Nation. The companies attributed the move to increased insurance charges and additional expenses arising from increased piracy activities in the Indian Ocean. Shippers are already spending more on fuel as their...
Safmarine made history when the company recently took delivery of a new multi purpose vessel. The 1,052 TEU Safmarine Sumba is the carrier's first new MPV since it became a member of the AP Moller-Maersk Group more than 11 years ago. It is also the first of six new multi purpose vessels that will be delivered to Safmarine between 2011 and 2012/3. Saf...
Wilhelmsen Ships Service has been awarded the prominent Seatrade Award in the category of Best Ship Agent. This took place on Monday 25 October at The Seatrade Middle East & Indian Subcontinent Awards ceremony in the Atlantis Ballroom, at The Palm in Dubai. “We are delighted to have been awarded this honour,” comments Knut Brathagen...
Shreyas Shipping & Logistics aims at becoming a leading logistics player in the Indian Subcontinent by providing a complete range of solutions to clients, emphasised Mr S. Ramakrishnan, Chairman and Managing Director of the company. Interacting with the media here to announce the second quarter and half-yearly results of the company, he highlighted th...
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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