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Singapore: Rickmers Maritime Trust has cut itself away from seven newbuildings its was due to acquire from its parent Rickmers Group. The Singapore-listed Trust has signed a terms sheet with Rickmers Group subsidiary Polaris Shipmanagement that discharges it from purchasing seven nebuildings worth $917.8m. The trust had been struggling for over a new to fin...
Singapore: Operations Drydocks World Southeast Asia’s Graha yard in Batam, Indonesia remain suspended following a riot by 5,000 workers on Thursday. Some 5,000 workers at the yard rioted after a 27-year Indian electrical supervisor allegedly called one of the Indonesian workers “stupid”. “That was enough to set 5,000 people off into ...
NIGERIA has impounded a containership of unclear ownership and origin that was allegedly laden with toxic waste, customs officials in Lagos said last week, reported Mumbai's CommodityOnLine. The crew and its agents aboard the vessel, identified as the MV Nashville, docked at the Tin Can Island Port at Lagos, were also arrested and detained, pending an in...
MORTEN Engelstoft, chief operating officer at Maersk Line, has accused the primary ports of France, Germany, and Belgium of being less productive than their European counterparts. To illustrate his assertion, Mr Engelstoft pointed to the stark difference in productivity data between each of the three ports and that of Bremerhaven or Rotterdam, reports Lon...
THE US based Horizon Lines container shipping company suffered a net loss of US$13.2 million in the first quarter on revenues of $286.1 million, which increased five per cent compared to a loss of $10 million in the same quarter last year due to "high fuel costs and increased contractual labour expenses". The actual loss was higher than the analysts' est...
Korea, China, Japan and Russia have agreed to launch a regular shipping line to Japan from the mouth of the Tumen River from early next year. The government of Hunchun in China's Jilin Province, Korea's Dongchun Shipping, Russia's Primorsky Region Berkut, and Japan's Economic Research Institute for Northeast Asia agreed to open the route in meetings a...
COPENHAGEN-based Maersk Line is to launch a service from Halifax to Rotterdam to meet demand for live lobster, crab and mussels by providing "small aquariums in a container" supplied by specialist logistics firm Aqualife. The 20 tank units per reefer box have been developed and patented by the two Danish companies to use on the transatlantic route, which ...
THE Maritime and Port Authority of Singapore (MPA), together with the Association of Singapore Marine Industries (ASMI), the Singapore Maritime Foundation (SMF), and the Singapore Shipping Association (SSA) have created two public outreach programmes for Singapore Maritime Week from Sunday April 25 to Friday April 30. The first, dubbed the Amazing Maritim...
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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