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DIANA Shipping, a Greek bulk carrier, with containership ambitions, plans to buy two new 3,400-TEU box ships built in Germany for US$45.5 million. Athens-based but New York-listed Diana said the first vessel, expected to be delivered before the end of June, is scheduled to be chartered at a gross daily rate of $16,000 with AP Moller-Maersk for a minimum...
ENVIRONMENTAL lobbyists in Brussels are mounting an attack on the International Maritime Organisation's (IMO) Hong Kong Convention on ship recycling as not good enough. "Instead of closing the loopholes of the Basel Convention [on the Control of Transboundary Movements of Hazardous Wastes and their Disposal] it opens new ones," NGO Platform on Shipbrea...
SOUTH KOREA's Hanjin Shipping has received its first 10,000-TEU containership, the first in a series of five 10,000-TEU vessels ordered from Samsung Heavy Industries. Named the Hanjin Korea, the newbuilding is equipped with a fuel-efficient and eco-friendly engine that can reduce both fuel consumption and CO2 emissions. According to Hanjin Shipping...
MARSEILLES' shipping giant CMA CGM, together with Copenhagen's Maersk and Geneva's MSC, have announced the return on July 10, of the Yang Tse service linking south, central and north China to the west coast of the United States. This service will deploy six vessels of 6,500 TEU capacity, covering the following port rotation: Xiamen, Shanghai...
GERMANY's DB Schenker has announced four new weekly consolidation less-than-container-load (LCL) services, reaching 102 direct points from the south China through the new DB SchenkerCombine services that links from Guangzhou to Milan, Le Havre, Rotterdam and Felixstowe. "Under the full control of DB Schenker, the new services offer the best connectivit...
JAPANESE shipping giant MOL (Asia) Ltd has announced a wide range of senior appointments in the Asia under Hong Kong's administrative jurisdiction which reflects the growing ethnic diversity of the group's executive suite. "MOL believes a mix of Japanese and local national work force with international orientation, outlook and background is crucial to...
AMERICAN-flagged Jones Act carriers have told US Congressional committee that foreign-flag operators often slip in and out of coastal waters with cargo and passengers without being stopped. "These vessels are blatantly ignoring the Jones Act. Worse, the agency charged with enforcing the Jones Act - Customs and Border Protection [CBP] - has failed to liv...
THE shortage of containers is pushing up equipment prices to new highs as fear grow that production will not be able to meet surging demand. "As both carriers and container leasing companies rush to place fresh orders to meet the demand, prices for new containers have soared to their highest levels in almost 20 years. The current price for TEU has reach...
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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