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Tehran: NITC has denied reports in the international media over the weekend that it has ordered six LNG carriers from an undisclosed Chinese shipyard. The company has taken no decision to build any LNG vessels, and were it to do so it would follow its normal practice of issuing an international tender, officials told SAO. Is is thought that the inco...
MAJOR shipowner Danaos Corporation, of Greece, has cancelled orders of three 6,500-TEU newbuildings from Hanjin Heavy Industries, after deferring them last year for two years, reported Paris-based Alphaliner. The cancellations have the consent of Yang Ming, which would have chartered the ships, naming them the YM Majesty, YM Modernity and YM Motherhood....
US REGULATORS and European Union competition authorities are looking for evidence of price fixing among container shipping companies, reports the Wall Street Journal. Regulatory suspicions have been aroused because freight rates continue to rise despite a flood of shipping capacity entering the market, said the report. Shipping lines, including Maer...
In order to cover peak season southbound volumes, the AAUS Group which consist of APL, Hamburg Süd, Hapag-Lloyd and Hyundai Merchant Marine along with Maersk Line have decided to upgrade the existing two loop system with a further peak season string. The peak season string will be operated with five vessels with an average effective capacity of 2,4...
Kuala Lumpur: Insolvent shipowner Malaysian Merchant Marine has admitted it is unlikely to be able to rebuild its business as it reports huge losses. MMM reported an unaudited net loss of RM110m for the quarter ended March 31, with revenues of just RM1.24m. The company’s results were unaudited as it was unable to pay its auditors. The company said its...
Germany's Hapag-Lloyd 7,506-TEU Berlin Express has docked at West Shenzhen's Da Chan Bay Terminal One, its last port of call on the 18-ship second Loop B of the weekly Grand Alliance Asia-North Europe Service. The Da Chan Bay Terminal One (DCB) handled the cargo during its maiden call at the newest, first class terminal, run by Hong Kong's Modern Ter...
The UN's International Maritime Organisation (IMO) is assuming jurisdiction over the quality of world shipbuilding, first moving into the realm of tankers and bulkers, the Shipping Gazette reports. "Leaving classification societies, ship designers and naval architects, marine engineers and shipbuilders to decide on how best to meet standards is a sound...
Odfjell has entered into an agreement to sell the coated parcel tanker MT Bow Prima (45 655 DWT/built 1987) for recycling in China. The vessel has Green Passport and Buyers undertake that the recycling yard shall submit a working plan corresponding to IMO guidelines for ship recycling. The vessel is sold at a loss of USD 3.3 million. (Sour...
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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