Media
Media
Melbourne: Inchcape Shipping Services has been appointed agents for Yang Ming Line across Australia. This top-twenty global container line based in Taiwan is returning to the Asia Australia trades after an absence of eleven years. Yang Ming will deploy one of five modern 4,200teu vessels within the CKA Consortium that already consists of Hanjin, STX Pan O...
HONG KONG-flagged 178,700-ton bulk carrier heavy with iron ore, sank in 40 minutes after colliding with a smaller Liberia-flagged Hong Kong-owned bulker in fog 23 miles out to sea east of the Shangdong Peninsula. All were rescued. The Bright Century, owned by Japanese shipping giant MOL, has collided with the much smaller 27,287-ton bulk carrier Sea Succe...
NEW Century Shipbuilding, a Chinese shipbuilding group based near Zhangjiagang on the Yangtze, has cancelled a S$666 million (US$481 million) initial public offering in Singapore. This comes as the group scaled down the listing from an initial target of up to S$1.5 billion, reports London's Financial Times, which points out the IPO would have given New C...
THE capacity of the worldwide liner fleet has increased to 14 million TEU, or 185.4 million deadweight tonnes, according to Alphaliner records. The Paris-based news and analysis agency, said the liner fleet comprises 5,905 vessels, including ships of all types that are deployed on liner trades, with cellular ships accounting for 95.9 per cent of the total...
THE Hong Kong Shippers' Council has slammed a move by shipping lines to force export shippers to pay nearly US$45 per TEU as an "emergency" bunker surcharges (EBS) in the intra-Asia trade. The surcharge represents 16 per cent of the current average freight rate despite a significant decline in oil prices, the council said. "I particularly resent the re...
The proposed transloading facility in the Bay of Bengal for handling dry bulk cargoes will be created by the SAIL-SCI joint venture, formed recently, according to Mr K Mohandas, Union Shipping Secretary. “This has been agreed in-principle at a high-level meeting in New Delhi today”, Mr Mohandas told Business Line. The meeting was presided over...
Commencing 21st May 2010, a new weekly Adriatic Link container line will operate a Malta – Ancona – Venice – Koper – Malta service. This new route will be maintained by Pioneer Lake, a vessel with an 862-TEU capacity. The Adriatic Link will complement two existing services provided by CSAV Norasia, namely: the Mare Nostrum which oper...
As of May 6th, Baltic Dry Freight Index gained 89 points to settle at 3469 points, the Exchange trading data said. The 2009 Index maximum, at 4661pts was posted on November 19th. In May, 2008 BDI gained its highest level ever, to over 11,700 points, beginning its slump in mid-July the same year. In Dec.5, 2008 it settled at 663 pts, a minimum Baltic Dry I...
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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