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Media
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: MODEC, Inc, Mitsui & Co, Mitsubishi Corporation and Mitsui O.S.K. Lines have agreed to invest in the chartering of an FPSO (Floating Production, Storage & Offloading System) to the Brazilian national oil company (Petrobras). The facility is being supplied to Petrobras for use at the giant deepwater pre-salt oil field currently und...
WAN Hai Lines, in collaboration with Simatech Shipping and Evergreen, has launched a three-vessel service from Colombo to Mombasa, Kenya; Dar es Salaam, Tanzania and back. Each ship will have a 1,200 TEU capacity, the first of which will sail from the Sri Lankan capital of Colombo on May 11. The East Africa Line, in addition to providing new business op...
THE northern route of Hamburg Sud's European-Mediterranean service now includes a stop at Turkey's TCEEGE Terminal, prompting the cessation of a call on Izmir, another Turkish Aegean port, which will only be served on the route's southern leg. The call at TCEEGE, a deep-water terminal with extensive seaward and landward capacity, is expected to help th...
THE China Shipping Development Company's net profit fell 80.2 per cent year on year to CNY1.06 billion (US$1.5 million) drawn from its 2009 revenues of CNY8.73 billion, a decline of 49.3 per cent. The domestic business accounted for 61.9 per cent of the shipping revenues and international sales accounted for 38.1 per cent from shipping, according to its ...
SOUTH Korea's Busan port and its terminal facilities are experiencing heavy backlogs in US-bound boxes because of a year-long supply-and-demand dispute between shippers and shipowners Ship owners continue to restrict the number of vessels they operate to secure higher rates and avoid a repeat of the oversupply situation seen last year, say shippers. Th...
Mitsui O.S.K. Lines Ltd (MOL), along with Akasaka Diesels Ltd, has developed a diesel particulate filter (DPF) for vessels that use marine heavy fuel oil, Exim News Service reports. Tests showed that the device removed more than 80 per cent of particulate matter (PM) from diesel emissions. In the test, a DPF was installed on the main engine of an MOL Gr...
Safmarine announced the reintroduction of the ME 3 shipping service between the Mediterranean and West Central Asia. According to Safmarine Liner Director, Jan Scheck, the reintroduction of the service is aligned with Safmarine’s plans to strengthen its presence in the dynamic Mediterranean/Black Sea region. It also supports Safmarine’s ...
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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