THE biennial China Maritime Exhibition will take place at the Hong Kong Convention and Exhibition Centre (HKCEC) in Wanchai from Tuesday March 16 to Thursday March 18 featuring 20 shipbuilders and other marine interests from 10 countries. Nine engine and propulsion system manufacturers are exhibiting as are eight interior furnishings and seating suppliers...
WHAT makes The Containership Company (TCC) the low-cost shipping company it claims to be is not necessarily lower rates, but simplicity of operation, co-founder Jakob Tolstrup-Moller told London's Financial Times in a recent interview. Unlike the multi-port calls of full-service shipping lines, TCC ships will sail from Taicang, an obscure port facility w...
Seoul: Hyundai Merchant Marine said Sunday it plans to expand its fleet on its Asia-Middle East route as part of efforts to meet rising demand. The shipper plans to add two more container ships on April 19 that leave from South Korea and call at ports in China, Taiwan, Singapore, Malaysia and Pakistan. Currently, Hyundai Merchant operates four 4,600 teu...
Singapore: BW Gas Ltd., the world’s biggest mover of liquefied petroleum gas, has idled four LPG carriers because rates plunged so low that each vessel was losing the company about $25,000 a day, Bloomberg reported. The Berge Racine (pictured) will idle until the end of the year, when it will be given to new owners, Andreas Sohmen-Pao, chief executi...
Singapore: CapitaMalls Asia has replaced Cosco Corp as one of the constituents in the benchmark Straits Times Index (STI), said FTSE, the Singapore Exchange (SGX) and the Singapore Press Holdings in a joint statement last week. This follows the conclusion of a half-yearly review of the STI, a blue-chip index which consists of 30 SGX-listed stocks with the...
Hong Kong: One of the last of Hong Kong’s greatest generation of shipowners passed away on the weekend. Koo Kou-ming, the boss of bulker and tanker operator Valles Steamship, died aged 85. He was one of the very last of the famous shipowners who moved from Shanghai and Ningbo in 1949 as the Communists swept to power. K M Koo restarted the Valles nam...
SEASPAN Corporation has taken delivery of a 2,544-TEU newbuilding that was built by Jiangsu Yangzijiang Shipbuilding Co Ltd on the back of a 10-year long-term charter by "K" Line. The Guayaquil Bridge is to be deployed on the Japan, Philippines, Indonesia 'Pegasus' service (PGS) instead of the 1,708-TEU Jakarta Bridge, which has moved to the Japan-Thail...
THE maiden call of Namsung Shipping's 900-TEU Cape Fesco took place this week at a gala ceremony at the Hongkong International Terminal in Kwai Chung, Korea's Namsung Shipping Co Ltd guests were treated to roast-pig and cocktails under sunny skies, where they heard Namsung Hong Kong managing director Brave Lee announce the commencement of the new intra-...
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