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FOR the first time in five years, Hyundai Heavy Industries, the world's largest shipbuilder, indicated that it may cut back on the number of steel-plates it buys from China. According to a report filed by the China Economic Review, the company attributed the shift to fewer of ship orders, as well as the possibility of purchasing plates from Japan or Kore...
DENMARK's Maersk Line has announced a weekly direct service between Ecuador and Russia, the ECUBEX, which is the first direct liner route between the two countries. Maersk said this was prompted by demand for refrigerated shipments of fruit, particularly bananas, from Ecuador to Russia and well as providing Russian exporters to develop trade links in Sou...
Mumbai: Greatship India Ltd (GIL), the five year old wholly-owned unlisted subsidiary of top Indian private sector shipowner Great Eastern Shipping Company (GESCO), is to float an initial public offering for raising funds to acquire assets for offshore services. Any proposed offering and its timing would be subject to market conditions, and obtaining the ...
Seoul: South Korea's fourth largest shipyard, STX Offshore & Shipbuilding Co., has won nine bulk carrier orders totaling US$260m in March alone, the company said Monday. The company said it has won an order from Turkey's Densa AS to build two bulk carriers, and a separate order from a local shipping firm to build three bulk carriers, in addition to ...
Tokyo: NYK has taken delivery of its first new 300,000dwt-class of ore carrier built by Universal Shipbuilding. The vessel, Oita Maru, is not only the first of this size ordered by the company but also the first NYK bulk carrier to be equipped with an electronically controlled engine for optimal combustion efficiency and minimal emissions. Vessel dimensions...
Singapore: Auditors PricewaterhouseCoopers have questioned Rickmers Maritime ability to continue as a going concern. In a disclaimer to its auditor’s report PWC noted the Singapore-listed shipping trust had $138m in unfulfilled capital commitments for not taking delivery of vessels and $780.7m in funding requirements over the next 12 months. Rickmer...
THE International Transport Workers' Federation (ITF) at its recent Berlin meeting, has launched a campaign to demand greater government effort to suppress piracy that threatens the lives of seafarers off Somalia. ITF delegates plan to build momentum through the summer and deliver a petition containing half a million signatures to governments by World Ma...
MITSUI OSK Lines (MOL) is to call at London Thamesport instead of Felixstowe as it alters rotation on the Africa Rainbow Northern loop (ARN), that connects to New World Alliance's Asia Europe Express (AEX). "The decision by MOL to relocate this service is a great vote of confidence for London Thamesport," said Hutchison Ports UK CEO and owner of Thamespo...
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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