Baku: Leading Black Sea shipping line Palmali from Azerbaijan has signed a contract for two aframaxes at Japan’s Tsuneishi shipyard. The 107,400 dwt ships cost $60m each, with the first one due in July and the second one set for delivery in September. Palmali has announced its intention to buy a VLCC and a suezmax before the end of the year. (So...
Hong Kong: OOCL is implementing the next phase of its revenue recovery programme with effect from July 1, 2010. Freight rates for traffic from Southeast Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, Indian Subcontinent and Middle East) to Australia, will be increased by US$250 per teu. Last week OOCL announced rate incr...
TURKISH shipbuilder Cicek Shipyard is to return to the ship repair market utilising its Panamax building dock at Tuzla Bay. The company has been concentrating on new ship construction since 2003 but with the downturn in the market, it has decided to broaden its activities so as to maintain employment for its skilled workforce and to maximise utilisation...
THE Baltic and International Maritime Council (BIMCO) is to hold its General Meeting in Vancouver, British Columbia from to June 6-8 next year with a series of Seatrade events to follow including a high profile speaker's conference focusing on matters central to shipping industry concerns. The venue location is important given British Columbia port's ...
French shipping giant CMA-CGM has expressed an interest in developing the hub port mega-project in Cilamaya, Karawang, West Java, according to Bisnis Indonesia. President director of state port operator Pelindo II Richard Jose Lino revealed that the largest container operator from France was enthusiastic in building the hub port in Karawang, which is proj...
MEDITERRANEAN Shipping Company (MSC) has signed a five-year contract renewal for Business VPN, a fully-managed, secure, global IP infrastructure from Orange Business Services. The solution provides MSC an MPLS-based network for 65 sites in 30 countries. Additionally, the shipping company will test the Maritime Satellite Service from Orange Business Servic...
REGIONAL shipping line Safmarine has expanded the port rotation of its Masiika Express service that calls at ports located between the Arabian Persian Gulf and east Africa with the addition of a direct call at the UAE port of Sharjah. The Sharjah call provides direct access to the east African ports of Dar es Salaam and Mombasa. Safmarine Liner executiv...
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. "Leaving classification societies, ship designers and naval architects, marine engineers and shipbuilders to decide on how best to meet standards is a sound one," said IMO secretary-genera...
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