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Spain contemplates an investment plan worth 100 million euros for the construction of a Kaliningrad shipyard to build fishing boats, Voice of Russia reports citing Andrei Krainov, the head of RosRybolovstvo. "The Spaniards have a shipbuilding technology, which we do not," Mr. Krainov said, explaining the choice of partners on this project. According him t...
As of April 27th, Baltic Dry Freight Index jumped 183 points to settle at 3203 points, the Exchange trading data said. The BDI reached on November 19th 4661 points, the Index maximum for 2009. In May, 2008 BDI gained its highest level ever, up to more than 11,700 points, beginning its slump in mid-July the same year. In Dec.5, 2008 it settled at 663 pts, ...
SEASPAN Corp has taken delivery of a new 8,500-TEU vessel in what marked the fifth addition this year to its now 47-ship fleet. The Hyundai Heavy Industries-built ship has already been chartered to Cosco, which will operate it for 12 years under a fixed-rate agreement, American Shipper reported. Named the Cosco Philippines, the new containership is part o...
MAERSK is to extend its US$10 no-show fine to US export boxes of wastepaper and scrap at Los Angeles and Oakland on its TP-8 service after having already applied it on Asia-Middle East loops. The fine will be levied on these commodities because they have a 30-40 per cent higher no-show rate. The same amount will be refunded to exporters bumped or rolled o...
The Port of Taicang, 64 kilometres up the Yangtze from Shanghai, has opened a fourth Japan service linking itself to Tokyo, Yokoama and Nagoya and operated by Chongqing Marine Shipping, reports Xinhua. The weekly service, deploying two 670 TEU vessels, departs from Taicang port on Fridays and returns on Thursdays. The port's first service to Japan laun...
On 26 April 2010, CSBC Corporation Taiwan (CSBC) is delivering three container vessels to Germany-based Peter Doehle Schiffahrts-KG. These are inclusive of one 4,200-TEU vessel and two 6,600-TEU vessels. This is the first large delivery for the biggest Taiwanese ship maker, according to Logistics Finland. (Source: Cargo News Asia)
Japanese carrier Mitsui O.S.K. Lines said its profit plunged 90 percent for its fiscal year ended March 31, but income from its bulk carrier division offset losses from container shipping. MOL reported net profit of $137.5 million as revenue shrank 27.7 percent to $14.5 billion. The biggest drag on profit was container shipping, which posted a $603 millio...
Orient Overseas Container Line unveiled a carbon calculator that will assist its customers in measuring the carbon dioxide emissions in their supply chains. The carbon calculator offers multiple shipment searches and intermodal data that shippers can turn into spreadsheets according to their preferred shipment. “China recently announced it would r...
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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