Tokyo: During a ceremony held yesterday in Tokyo, Lloyd’s Register was confirmed as the first foreign classification society to be formally authorised by the Japanese government to carry out surveys on ships flying the Japanese flag. Under Japanese legislation, Lloyd’s Register has been designated as a Recognised Organisation by the Japanese g...
Dual Seoul and Singapore listed STX Pan Ocean reported a $20.1m profit for the first quarter of the year. The $20.1m profit compared to a $70m loss in the same period in 2009. Revenues jumped 51% in the first quarter of 2010 to $1.16bn compared to $769m a year earlier. STX Pan Ocean said the better performance was largely due to a stronger dry bulk market w...
London: The Baltic Dry Index is expected to cross the 4,000 mark today for the first time since November on the back of strong iron ore restocking by steel mills in China. The BDI closed yesterday at 3,914. All bulker sectors have reported strong growth in rates this week, led by capesizes which have surged 26% in the past week. Fearnleys most recen...
US import container cargo volume at major American is expected to be up 10 per cent in May with double-digit increases expected into the autumn as the economy improves, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. "Consumers are feeling better about the economy and retailers a...
Guangzhou: CSSC Guangzhou Longxue Shipbuilding, an offshoot of state-owned China State Shipbuilding Corp, has signed a contract with Sutong Marine, a subsidiary of Kassian Maritime of Greece, to build an 82,000 dwt bulker carrier. The shipbuilder did not disclose the value of the contract, although brokers estimated the deal was worth about $34m. The ...
Marseille: CMA CGM and Maersk have opted to use 10 vessels of 13,000 teu class on their latest joint weekly service offering between Asia and Europe: FAL 5. The route has the following rotation: Ningbo > Shanghai > Yantian > Tanjung Pelepas > Port Kelang > Le Havre > Hamburg > Rotterdam > Zeebrugge > Port Kelang> Singapore >...
Seoul: Korea's SLS Shipbuilding recently revealed that it signed an agreement with its creditors group on April 30th to carry out management normalization plan. Under the agreement, the Korea Export Insurance Corporation will Also, the deadline of debt repayment was extended until December 31st 2012. An official from SLS said, "With the management no...
Seoul: South Korea's STX Group said its shipbuilding arm STX Offshore and Shipbuilding had won orders worth about $200m. STX Offshore won orders for a total of six bulk carriers from two unidentified European shipping firms, STX Group said on Thursday in a statement. STX Offshore's European operation, STX Europe, secured a separate order for platform su...
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