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CSAV is starting a direct container shipping service between the Indian subcontinent, the Far East and the US west coast by expanding the port rotation of its existing FE-ISC Indus service in September. Six more ships will be added to the five 2,800- to 3,500-TEU vessels currently used on the Indus service, which will be turned into a multi-trade ISC-FE...
The main container shipping service between New Zealand and North Asia is axing direct calls at the ports of New Plymouth, Wellington, and Nelson, reported the New Zealand Herald. Erratic scheduling had disrupted the service, operated jointly by Cosco Container Lines, Hamburg Sud, NYK Line and Mitsui OSK Lines, the companies said. A port rotation of...
Nippon Yusen KK (NYK) will in mid-September begin offering a weekly non-stop container shipping shuttle linking New York and the Belgian city of Antwerp in nine days, according to Nihon Keizai Shimbun. Nippon Yusen's current transatlantic service connects multiple ports on the East Coast of the US and several European ports. Because stopovers are m...
Hanoi: The Vietnamese government has suspended the head of one of the country's largest state-owned enterprises for alleged mismanagement less than two months after he took office, state media said Monday. Tran Quang Vu, the chief executive officer of Vietnam Shipbuilding Industry Group (Vinashin), was suspended to allow an investigation into Vinashin's r...
Seoul: Talks between STX and Daehan Shipbuilding creditors on Daehan M&A have reportedly collapsed in the end. STX had requested for a suspension of Daehan's debt repayment for three years and a 100% debt-equity-swap. But Daehan creditors including the Korea Development Bank could not accept the condition. (Source:www.seatradeasia-online.com)
Hong Kong: Rapidly expanding Shenzhen petrochemicals firm Brightoil is spending $537m on five VLCCs at Hyundai Heavy Industries. The contract for the five 318,000 dwt ships was signed yesterday. Brigjhtoil earlier this year signed up for its first aframaxes. It is rapidly becoming China’s best known bunker supplier. (Source:www.seatradeasia-online.co...
Tokyo: Tokyo Gas Co and Mitsui O.S.K. Lines today announced that Tokyo LNG Tanker Co, a wholly owned subsidiary of Tokyo Gas and MOL executed an agreement under which Tokyo LNG Tanker will receive a minority stake of the shares owned by MOL in the joint-venture companies related to the LNG Shuttle and Regasification Vessels (SRVs) owned jointly ...
CONTAINER freight rates are looking robust with transoceanic agreements holding up, as industry concerns grow over bulk and tanker rates, according to the largest independent tanker group, Frontline of Norway. The Bermuda-based company is forecasting a downturn over the next few months, despite posting improved second quarter figures. The company said i...
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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