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COSCO PACIFIC, Cosco's terminal operator, has announced an August year-on-year container volume increase of 24 per cent to 4.5 million TEU. Throughput at Pearl River Delta terminals last month increased 18 per cent, and enjoyed the biggest yet year-to-date monthly gain of 24.5 per cent against the 17.9 per cent in the Yangtze and 13.9 per cent on Bohai...
FreeSeas Inc., a transporter of dry bulk cargoes through the ownership and operation of a fleet of seven Handysize vessels and two Handymax vessels, announced yesterday that it has entered into shipbuilding contracts for the construction of two Handysize dry bulk vessels of approximately 33,600 dwt each for an aggregate purchase price of approximately $48.8...
Hanjin Shipping will launch the first direct service from Vietnam to North Europe next month, injecting 58,500 TEUs into the service. Fast growing Vietnam business saw the big Korean carrier introducing direct services from the Southeast Asian nation to the US East and West Coast last year. Hanjin, apparently unconcerned by the looming slack season ...
Seoul: STX Pan Ocean has penned a $420m consecutive voyage contract with POSCO. The contract is to mainly ship coking coal and iron from Australia to South Korea. Worth $420m the contract lasts from 20 years from May 1 next year to May 31, 2031. “The main objective of the company for entering into the CVC is to secure a stabilised source of profit,&rd...
Seoul: Saudi Arabia's National Chemical Carriers (NCC) has cancelled orders for more products tankers at South Korea's troubled SLS Shipbuilding. The subsidiary of National Shipping Co of Saudi Arabia (NSCSA) said delivery delays were behind the cancellation of the five 45,000-dwt vessels at the builder. NCC is, however, due to receive $95m in dep...
Taipei: Evergreen Line is to add an extra ship to its Kaohsiung-Haiphong Shuttle (KHP) Service starting 16 September in response to increased demand in the Vietnamese market. “Evergreen first launched this regional service in 2008. During the past two years, volume in this trade route has burgeoned,” the company said in a statement. “F...
Dubai: Drydocks World– Dubai, the flag ship operation of Drydocks World Group, has delivered the third 3-D seismic vessel, Polarcus Asima to its Dubai-based marine geophysical client Polarcus. Polarcus Asima is the third in a series of six seismic vessels being built at the yard for Polarcus. The first two units, Nadia and Naila, have already be...
ASIA's biggest shipping line, China Cosco, anticipates a "good year" in 2011 as consumer spending rebounds in the United States and the European Union, according to company chairman Wei Jiafu. "Next year will be a good year. People have money but they have been reluctant to spend it," Mr Wei told Bloomberg in Tianjin. "Everyone will think it's a good ...
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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