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NEPTUNE Orient Lines (NOL) chief executive Ron Widdows spoke of the "amazing" surge in demand that has led to a lack of 6,000-TEU plus ships, leaving leave smaller vessels still idle. Mr Widdows said his company will soon order ships in 10,000-TEU plus range, something unconceivable last year when the market was flooded with excess capacity of post-pana...
SEASPAN accepted delivery of one 4,250 TEU newbuild from Zhejiang Shipbuilding Co worth US$43 million while finalising terms of a two-year time charter for the vessel at $20,000 per day to United Arab Shipping Company (UASC) operating in six Arab states. The vessel was purchased on existing credit facilities from the sale of $26 million of Series B non-...
CMA CGM has added a new weekly call in Durban on the first day of the 2010 FIFA World Cup in South Africa on its WAX service linking Asia to West Africa. The call will directly connect South Africa to Asia (east and westbound), thus responding to the expanding trade from China to South Africa and to the growing demand from South African exporters toward...
HONG KONG's Orient Overseas Container Line (OOCL) has confirmed an earlier Asia New Zealand Discussion Agreement (ANZDA) announcement of an Asia-New Zealand rate increase of US$250 per TEU from July 15. ANZDA, a voluntary discussion agreement of nine carriers operating on northeast and south east Asia to trade recently recommended a rate increase of $2...
Tokyo: The second shuttle and regasification vessel (SRV) co-owned by Höegh LNG and Mitsui O.S.K. Lines was completed at Samsung Heavy Industries in South Korea and delivered to the GDF Suez group on earlier this week. It will serve on a long-term charter contract between the parties. GDF SUEZ CAPE ANN is the second of two SRVs that were cons...
Seoul: STX Pan Ocean has ordered a pair of boxships from a Chinese shipbuilder. The South Korean shipowner said it had contracted two container vessels for around $50m an at unspecified shipbuilder. It gave no further details of the contract. “The construction of these container vessels is to improve the competitiveness of container business,” S...
Moscow: South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering president Nam Sang-tae and Russian 100% state-owned United Shipbuilding Corporation president Roman Trotsenko signed an agreement in Moscow yesterday to build a joint shipyard in Zvezda near Vladivostok, Primorsky Krai. Having already inked a contract to modernize the Zv...
WITH capacity tight and equipment scarce, shippers are switching some exports from China to Europe by air, according to TNT north Asia managing director Michael Drake. He said volumes moving out of China on TNT's road network and via its intercontinental air freight services were performing "extremely well," and have experienced growth of around 30 per...
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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