Media
Media
Athens: Paragon Shipping, a Greece-based shipping company, has entered into shipbuilding contracts with an unnamed Chinese shipyard for the construction of two handysize drybulk vessels, each approximately 37,200dwt, and two kamsarmax drybulk vessels, each about 82,000dwt, for an aggregate purchase price of approximately $111.5 million. The company expect...
Singapore: Pertama and Nanindah, two of Drydocks World’s three shipyards on Batam Island, Indonesia, re-opened for business on Monday after last week’s huge riot sparked by racist comments at the company’s third yard on the island, Graha. Drydocks World - Southeast Asia reported that more than 70% of shipyard staff were now at work and t...
Mumbai: Mumbai-based Five Stars Bulk Carriers Pvt. Ltd has taken advantage of the lower prices for bulkers and bought two panamaxes this month for around $70m, according to shipbroker reports. The unlisted dry bulk ship operator, owned by horse breeder and former chairman of Royal Western India Turf Club Khushroo N. Dhunjibhoy, bought two eight-year-old p...
New York: The UN Security Council on Tuesday put forward the possibility of establishing international tribunals to try pirates, as its members called for tougher legislation aimed at prosecuting and jailing suspects caught off the coast of Somalia. In a resolution unanimously adopted, the 15-member body appealed to all States "to criminalize piracy under...
ISRAELI flag carrier Zim has announced that it would institute a US$200 per TEU general rate increase on May 15. This will apply to all cargo from the Indian subcontinent to Mediterranean, Black Sea and North Europe destinations. (Source: www.schednet.com )
National shipping companies in Indonesia with interests in export transportation have shut down several routes following the entry of foreign-flagged ships, Bisnis Indonesia reported. Co-Chairperson for Shipping Industry Development of the Indonesian National Shipowners' Association (INSA) Ibnu Wibowo revealed the application of the cabotage principle ha...
Air cargo demand at Asia-Pacific carriers grew by 33 percent in March compared with the slump last year, underpinned by a robust recovery in international trade. Preliminary figures released by the Association of Asia Pacific Airlines (AAPA) indicated that both passenger and air cargo markets continued to show further gains in March as a result of the reg...
The Indian government will be giving preference to ships built and registered in India for moving cargo imported by domestic entities. Presently, only locally-registered vessels that bear the Indian tricolour have the right of refusal to match the lowest rate quotes by a foreign flagship for cargo transportation, says a report in Livemint. In addition, al...
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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