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Media
COPENHAGEN-based start-up in 2009, The Containership Company (TCC), has nominated Jiangsu-based Taicang International Gateway and Los Angeles-based and MOL-owned TraPac Container Terminal to handle its new transpacific Great Dragon service. The Containership Company's inaugural Great Dragon sailing departs Taicang International Gateway on April 17 with a...
DANISH giant Maersk chief operating officer Morten Engelstoft said supply and demand will remain fragile with demand dropping in the second half. The group's chief commercial officer Richard Mitchell, of APM Terminals, said the industry must get used to a "new normal" and that what growth there is, would emanate from emerging markets like Africa. Deman...
GENEVA's Mediterranean Shipping Company has enhanced its Far East-to-Middle East service by adding two vessels and extend the loop to call on Valencia in Spain and Gioia Tauro in Italy with eight 2,500- to 3,000-TEU ships. The maiden voyage of the New Falcon Service begins with the sailing of the MSC Clementina from Salalah in Oman on April 12, and will ...
Singapore: Keppel Offshore & Marine is acquiring a new yard in Brazil to focus on building offshore support vessels. Keppel has entered into an agreement with Brazil’s TWB Group to acquire the Estaleiro TWB shipyard in Navegantes, Santa Catarina. The 7.6 hectare yard, with 300m of waterfront, will be operated by Keppel Singmarine. Keppel will inve...
Hong Kong: Orient Overseas Container Lines first quarter volumes were up 7% at 1.05m teu compared to the same period in 2009. Total revenues increased by 18.9% to $1.13bn in the first three months of 2010. Strongest volume growth for OOCL was on the intra-Asia/Australasia trade with a 13.6% increase to handle 510,080 teu in the first three months. Highest r...
Cosco Container Lines said Tuesday it will restore capacity on its weekly North China-U.S. Southwest Express service by bringing back six 7,500-TEU vessels to replace the six current 5,500-TEU vessels. The Chinese carrier will start adding the larger capacity vessels to the string on April 24 and phase all of them in by the end of May. In addition, Cosc...
As of April 13th, Baltic Dry Freight Index gained 17 points to 2928 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, more than 11700 points, beginning its slump in mid-July the same year. In Dec.5, 2008 it was at 663 pts, a minimum BDI rate. ...
OOCL announced on April 13, 2010, the christening of its newest vessel, the OOCL London, the fifteenth SX class vessel (8,063 TEU) in OOCL’s line of sixteen SX class vessels ordered from Samsung Heavy Industries. The OOCL London was named by sponsor Lady Rebecca Jane Purves, wife of Sir William Purves, former Group Chairman of HSBC. Mr CC Tung, Ch...
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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