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Mumbai: Container Corporation of India Ltd (CONCOR) has proposed that the government start direct container movement by barge and railway on a trial basis to Bangladesh. The Indian state-run agency said container carrying charges and lead-time will come down drastically once the direct water and rail links are established. CONCOR wants to use Khanpur and...
Dhaka: Bangladesh's shipbreaking yards are at a crossroads, with workers up in arms at moves to make the yards operate in a more environmentally friendly manner. Shipbreaking ground to a halt Monday as some 30,000 workers protested a government decree issued in late January, which demands that ships heading for breaking yards must now be certified as...
Seoul: Sungdong Shipbuilding and Marine Engineering is celebrating a $200m order from Japan for four bulk carriers. The Korean yard has snared an order worth 230bn Won for two capesizes and two 80,000 dwt Kamsarmaxes plus options from an unspecified Japanese owner. Delivery is set for early 2012 onwards. The order from Japan follows a booking at Sungdong ...
Hong Kong: With effect from March 1, 2010, freight rates from North European, Mediterranean and Black Sea ports onboard OOCL ships to Australia and New Zealand will be increased by US$100 per teu. Also with effect from March 1 OOCL will apply a Peak Season Surcharge of US$150 per reefer teu from North Europe ports to Australia and New Zealand. Source: ...
UNITED Arab Shipping Company (UASC) has signed a ship finance agreement worth US$275 million. The multi-currency $275 million term loan was secured on a "club deal" basis, reports Gulfnews.com. It said the funds will be used to finance UASC's acquisition of a further three 13,100-TEU ships ordered from Samsung Heavy Industries. The carrier is said to h...
SHIPOWNERS and charterers face "increasingly demanding" environmental legislation from the European Union that risk criminal penalties for owners, operators, officers and crew, warns the UK's P&I Club. "A recent directive set out the circumstances in which ship-source discharges of polluting substances constitute a criminal offence," said the maritim...
An approximately 1,100-meter long, new quay for cruise ships can now be constructed following a decision by Copenhagen's city council last week. CMP will now be able to further develop services for the rapidly growing cruise ship traffic. The new quay will be ready by the beginning of the 2013 season. The decision by Copenhagen's city council clears the...
Oakland: The US authorities have given the member container lines of the Transpacific Stabilization Agreement the green light to discuss slow steaming. The Federal Maritime Commission will allow the 15 TSA member lines to discuss and coordinate strategies that will reduce air and water pollution, as well as vessel fuel consumption. “This is a thoughtf...
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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