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DENMARK's Maersk Line, the world's largest container shipping company, presents differing views on the future of container trade in two separate Bloomberg reports from the same interview published within hours of each other. The first Bloomberg story was headlined: "Maersk Line 'cautiously optimistic' on box demand in 2010." The second was headlined...
Effective September 2010 the cargo vessel activities of the Damen Shipyards Cargo Vessels and Damen Shipyards Bergum will be combined and located in Bergum, the Netherlands. As a result of this effort the complete production line of sea going cargo vessels can be offered and delivered. This production line consists of a series of tankers of 2.500 to 8.0...
Effective October 1st, 2010, ZIM intends to implement a General Rate Increase (GRI) on westbound cargo from North Europe, Scandinavia - USA & Canada Westbound Trade as follows: · USD 250 per 20' Container · USD 350 per 40' containers · USD 450 per 40RH. This change is necessary in order to maintain ZIM current levels of se...
Siemens is supporting the maritime industry through a crucial period with software-aided Product Lifecycle Management (PLM) solutions, which reduce time-to-market by up to 50 percent due shortening development, design and engineering times. The software also helps shipbuilders avoid costly, time-consuming errors while enhancing the productivity and flexibil...
Singapore: Marco Polo Marine has bagged a one-year Indonesian coal shipping contract worth S$4m. Its subsidiary Marco Polo Shipping has signed a one-year contract to ship coal from Kalimantan to other parts of Indonesia. The company will be deploying Indonesian flagged vessels for the contract worth around S$4m. “We are happy to be able to capitalize ...
Dehli: The Indian Navy successfully thwarted a Somali pirate attack on Sunday. Guided missile destroyer INS Delhi was escorting a convoy of 12 ships through the Gulf of Aden when pirates attempted to attack one of the merchant vessels. The pirates' boat was intercepted by the Indian warship INS Delhi that deployed a helicopter with marine commandos, who se...
NEW YORK-listed, Oregon-based Greenbrier Companies has received orders for more than 1,000 new double-stack intermodal railcars, and will also re-engineer and modify about 1,100 double-stack platforms to carry 53-foot containers. The new railcar order and refurbishment work is valued at about US$130 million. The company also has orders for more than...
A CITIGROUP report concludes that earnings from long-haul container shipping companies will peak this quarter and decline 40 per cent in 2011 industry-wide reports Bloomberg. The Citigroup Inc report by analysts Rigan Wong and Ally Ma placed Yang Ming Marine, Evergreen Marine, Wan Hai and Orient Overseas International Ltd (OOIL) at "sell", said the repo...
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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