THE Panama Canal Authority (ACP) has received three bids from international firms vying to dredge and excavate the Pacific Access Channel (PAC) entrance. This is the last major expansion contract to be awarded and once completed, will allow larger ships to enter the new access channel and reach the new Pacific Locks, linking ships to Gaillard Cut, the n...
GLOBAL container shipping and logistics group Neptune Orient Lines (NOL) has reported net profits of US$100 million in the second quarter of 2010, up from a net loss of $146 million in the same quarter last year. Net profit for the first half was $1 million, compared to a net loss of $391 million, according to a statement of company results. The gro...
Matson Navigation will expand its involvement in China, adding a second transpacific string that will call South China ports, according to Manila Bulletin. Chris Dupin of American Shipper reported that Matson would charter five foreign-flag ships with average capacity of about 3,500 TEUs, and operate them in a Hong Kong, Shenzen, Shanghai, Long Beach, H...
A Singapore-registered container ship, stranded near Cheung Chau for more than a month after hitting an underwater object near Nansha, has been towed to a Hong Kong ship repair yard, reported the South China Morning Post. Most of the fuel and containers carrying dangerous goods had already been offloaded. The remaining cargo would be unloaded from the 3...
Singapore: Evergreen Line, Orient Overseas Container Line (OOCL) and Simatech Shipping are to operate a new joint Southeast Asia-India-Middle East liner service beginning on August 20. The ASEAN-Gulf-ISC (AGI) service will operate using five 2,700 TEU ships and call at the following ports with a 35-day rotational voyage. Laem Chabang – Singapore &...
Tokyo: A responsible source at the UAE Coast Guard has told news source WAM that investigations and an examination carried out by specialised teams had confirmed that MOL-owned oil tanker M Star had been the subject of a terrorist attack. The source is quoted as saying, ''After the tanker had anchored 12 nautical miles off the Port of Fujairah, UAE explos...
Seoul: Greece’s Polembros has furthered its bulk binge with a deal for four 205,000 dwt bulkers at Qidong Daoda Heavy Industry in China. Other bulker deals Polembros has concluded this year include two 81,000 dwt kamsarmaxes at SPP Shipbuilding and two 180,000 dwt capesizes at Sungdong Shipbuilding and Marine Engineering. (Source:www.seatradeasia-on...
CAI INTERNATIONAL INC., a lessor of intermodal freight containers, has reported net income of US$5.7 million for the second quarter of 2010 as compared to net income of $3.3 million for the same period last year. Total revenue for the second quarter was $17.4 million as compared to $16.7 million for the second quarter of 2009. Container rental revenue w...
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