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The European Commission (EC) has closed its probe into a potential violation of EU competition rules in the 'Baltic Max Feeder' scheme for feeder ship owners because the scheme has been abandoned. The probe was intended to determine if the objective of the scheme was to decrease capacity and increase charter rates. Anchor Steuerberatungsgesellschaft notif...
Austal confirms an unconditional contract has been signed with Oman’s National Ferries Company (NFC) for the maintenance of seven large high-speed craft. The contract requires Austal deliver vessel maintenance services for NFC’s five high speed ferries and two Oman Coast Guard rescue boats, co-managed by NFC, for a period of up to five years. ...
SINGAPORE's Workplace Safety and Health (WSH) Council, in collaboration with the Ministry of Manpower, has launched a 10-year programme to improve safety standards in the marine sector which, together with the construction industry, accounted for 63 per cent of the country's workplace fatalities in 2009. "Smaller and medium size shipyards that are not y...
New York: Containership owner Danaos Corp is in discussions with banks, shipyards and export credit agencies over financing for 26 newbuildings it has on order at Asian yards. John Coustas ceo of Danaos said the company was facing significant new-building installment payments during 2010 and 2011, for which we its does not currently have financing finalized...
Tokyo: Mitsubishi Heavy Industries has reached a basic agreement with BW Offshore, one of the world's leading FPSO (floating production, storage and offloading) contractors, to collaborate in the marketing of FPSO for liquefied natural gas (LNG). The two companies plan to sign a memorandum of understanding (MOU). The collaboration of the two companies aims...
New Delhi: India has banned all motorised vessels from sailing south or west of a line between Salalah and the Maldives in a bid to stem the tide of pirate attacks. The latest incident was the hijacking by Somali pirates of at least seven vessels with about a 100 Indian crew on board. All motorised vessels were being banned in the danger-prone area in vie...
Baltic Dry Freight Index dropped by 77 points, to 3021 points as of March 29th, the Exchange trading data said. The BDI has continued its downward slope since March 15 this year. The BDI reached its 4661 maximum value for 2009 on November 19. The BDI gained its highest level ever (more than 11700 points) in May 2008, beginning its slump in mid-July the ...
Maersk Line will start imposing a $10 fee for “no-shows” on every container that shippers book for export on one of its trans-Pacific services that does not show up at the ports of Los Angeles and Oakland as of May 1. Under the pilot scheme, Maersk Line will also pay shippers a compensation fee of $10 for every container that they have booked ...
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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