Media
Media
Singapore: Container volumes and rates continued to soar for Neptune Orient Lines (NOL) in June this year. Singapore-headquartered NOL reported a 29% surge in volumes for the period from 29 May to 25 June handling 221,900 feu compared to 172,200 feu in the same period a year earlier. The company said volumes were up on all trades and in particular the trans...
Singapore: Mosvold Supply has won a legal battle with Otto Marine for the payment of refund guarantees for a cancelled anchor handler newbuilding. In April Mosvold Supply cancelled a contract for a 21,000 bhp, VS 491 CD, anchor handler tug supply vessel ordered at Otto Marine’s Batamec shipyard in Indonesia. Otto Marine applied for court injunctions t...
Singapore: The Baltic Dry Index ended its 35-day plunge on Friday. The BDI’s loosing streak finally came to halt moving up 1.18% to close at 1,720 points at the end of last week. The sharp plunge in the BDI which had sparked fears of market crash similar to the end of 2008 was triggered by lower iron ore imports by China and a large number of newbuild...
CWT Globelink Pte Ltd, an Asia-based NVOCC, expanded its presence in the region with the official launch of Globelink Indonesia in July 2010. "Indonesia is a very important market that has been showing a lot of growth potential. It is therefore an important strategic decision for CWT Globelink to establish direct presence in Indonesia in order to ride t...
Maersk Line, the world biggest container line was the first global operator to recognize the potential of DCT Gdansk to become the Baltic hub. Since the beginning of 2010 Maersk Line S-class vessels within the AE10 string call DCT Gdansk on weekly basis to connect Asia with central Europe. In the beginning of July 2010, Maersk Line introduced an additional ...
Seoul: South Korea's Samho Shipbuilding has won orders for two firm 35,000 dwt bulkers plus one option from Malaysia’s Ecoship. Delivery is scheduled in the first half of 2012 with a price per unit thought to be in the $27m region. Ecoship is based in Kuala Lumpur and currently owns two vessels, the 28,500 dwt Eco Vanguard (built 2001) and 18,200...
Singapore: First Ship Lease Trust has secured the release of the product tanker Nika 1 held in China for over a month. FSL Trust provide a $2.8m bankers guarantee to secure the release of 47,000 dwt product tanker Nika 1 at the weekend. The vessel was arrested on June 8 in Qingdao on behalf of Daxin Petroleum Singapore over unpaid bunker bills by charterer ...
Hanoi: Vietnam National Shipping Lines (Vinalines) has denied it is take over 40 vessels from the country’s ailing national shipbuilder. Tran Manh Ha, head of the Vinaline’s legal department, denied reports the company was takeing 40 vessels owned by Vietnam Shipbuilding Industry Group (Vinashin) as part of a restructuring package for the ailing...
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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