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Media
THE European Liner Affairs Association (ELAA) has warned that the "spectacular" 55 per cent year-on-year increase in February throughput on its members' Asia-Europe lines should be viewed with caution as February 2009 was the steepest month of decline during the industry downturn. Westbound volume for the month came in at 960,800 TEU, with eastbound volu...
A BRITISH judge has rejected a cargo owner's claim that he was entitled to total loss insurance payment after the ship carrying his goods was seized by pirates, reported London's International Freighting Weekly. "The case provides welcome clarification of legal issues. . . [and] useful guidance on issues concerning shipowners, cargo owners and their ins...
New York: Star Bulk Carriers has contracted Hanjin Heavy Industries & Construction for a second capesize bulker newbuilding. The vessel is a sistership to one ordered at the South Korean yard by Star Bulk last month, and is due for delivery in November 2011. Star Bulk did not say how much it would pay for the vessel, but the previous ship was contracted...
Singapore: Cosco Guangdong (Shipyard) has bagged an order for a pair of supramax bulkers. Singapore-listed Cosco Corp, majority shareholder of Cosco Shipyard Group, said an undisclosed Asian owner had ordered two 57,000 dwt bulkers from the yard. The contracts were valued at Yuan530m and the vessels were due for delivery July and November 2011. (Source: S...
Seoul: Hyundai Merchant Marine and ShangDong Far East Marine have signed a $315m contract to ship iron ore to China. The two companies will transport 23m tonnes of iron ore to China over the next 15 years for Hebei Steel Group. The shipments include 1.5m tonnes of iron ore a year from Brazil and Australia. “China has the largest steel market in the wo...
As of April 9th, Baltic Dry Freight Index dropped by 9 points and settled at 2913 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 minimu...
- Liebherr Ireland has rolled out its first production straddle carrier, signaling the crane maker’s entry into the market. The one-over-three diesel electric vehicle has single and twin-lift capacity of 40.6 tonnes and 50 tonnes respectively under the spreader, which has full side-to-side shift of +/- 290 mm and a seven degree maximum skew. With ...
GENEVA's Mediterranean Shipping Company (MSC) will reduce the amount of demurrage it allows for containers moving from northern Europe and west Mediterranean ports to the Indian subcontinent from April 15. MSC said it has been giving 14 days free time, but the practice was limiting the number of containers at a time of shortage. "Due to the global shor...
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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