Media
Media
Paris: According to AXS-Alphaliner, the idle fleet has been further reduced over the last two weeks, from 495 vessels of 1.24m teu to 474 vessels of 1.22m teu (9.3% of fleet capacity) currently. AXS-Alphaliner expects lower idle count going forward, as new services will be launched on the Asia – Europe trade (capacity on this route expected up 7%) and...
Nairobi: A chemical tanker seized by Somali pirates has been released. The European Union's anti-piracy naval force reports an apparent ransom was paid to release the vessel and its 28 North Korean crew members. The Singapore operated but Virgin Islands-owned MV Theresa VIII was taken by pirates on November 17 about 180 miles northwest of the Seychelles....
Hong Kong: One shipmanager is taking a different approach to growing its business, as outlined to SAO yesterday from Hong Kong. Accord, which used to be part of Cypriot Marlow Navigation until a management buyout this January, is targeting older tonnage while the large third party managers obsess about the huge set of newbuilds still set to deliver. Sanja...
Kuala Lumpur: Struggling shipowner Malaysian Merchant Marine (MMM) has retrenched its entire staff. MMM asked all its employees to take up redundancy on March 4 after the collapse of a deal to acquire a 19,980 dwt double-hulled chemical tanker for $38m from Singapore’s Uniships. The acquisition of the vessel for “Project Acid”,...
In response to regulations enacted on March 1, 2010 on the Prevention and Control of Vessel-Induced Marine Environment Pollution, a Hong Kong based firm – OSRO China Ltd - has laid the foundation for a consortium of oil spill response contractors throughout China’s ports that fulfills China’s latest pollution control legislation. Head of...
As part of the continuous efforts to address customers’ needs, ZIM announced the introduction of Asia-Med-Europe (AME), a new Cross Suez service between Asia, India, Mediterranean and Europe. The new service, based on 12 x 3,800 TEU’s vessels, will take effect as from April 7th 2010 in Shanghai. Port rotation will be as follows: Shang...
Egyptian private equity firm Citadel Capital has invested 1 billion Egyptian pounds ($183 million) in three Nile river ports and wants to invest in two more in the country, the daily al-Mal reported on Sunday. The firm is also eyeing investments in Sudanese river ports, and plans to link its port network to Juba in southern Sudan from Egypt's northern se...
Bangladesh will aim to persuade China to use Chittagong port as a commercial outlet for its southern Yunnan province, Foreign Minister Dipu Moni said on Sunday. "It will be a great achievement if China agrees to use our Chittagong port, which we want to develop into a regional commercial hub by building a deep seaport in the Bay of Bengal," she told a new...
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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