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Media
Mercator Lines Limited, India's 2nd largest private sector shipping company (in terms of tonnage) has signed a long-term (7 years) Contract to Charter out a 'Mobile Offshore Production Unit' and a 'Floating Storage and offloading Unit' through its wholly owned subsidiary in Singapore. The charter is expected to commence from September 2010 and the est...
HONG KONG's Cathay Pacific Airways is increasing existing flights to Jeddah, Saudi Arabia, and Sapporo, Japan ahead of demand by four times a week to daily deployed by an Airbus A330-300 aircraft in a two-class configuration. This increases the number of flights to Jeddah, located in the west of the country on the coast of the Red Sea to 14 per week effe...
DB SCHENKER has secured a four-year contract to provide transport for the Gorgon Project, a major gas project in Australia worth a total investment volume of US$25 billion. The agreement covers the provision of integrated logistical services by DB Schenker and has a total value of about A$500 million dollars (US$350 million). According to estimates, the...
AVERAGE global container freight rates rose in late 2009 compared to the previous year and for the first time since mid-2008, notes a report by London-based Drewry Shipping Consultants. Drewry predicts that average container freight rates, including fuel surcharges, will be about 15 per cent higher in 2010 than in 2009. This comes amid allegations from ...
SIGNS are emerging of carriers adding vessels and port calls in response to capacity constraints as world trade picks up again following a period of idle shipping and service cutbacks. The most notable being Maersk Line, the world's biggest, which is revising port rotation of its US east coast-Central America 'South Atlantic Express' (SAE) service by a...
HONG KONG's Orient Overseas (International) Ltd (OOIL) has announced fourth quarter revenue fell 22.7 per cent to US$1.07 billion, attributing losses to volume declines of its container unit, Orient Overseas Container Line (OOCL), whose final quarter box liftings fell 4.1 per cent year on year. That brought full-year OOCL 2009 revenue down 35.2 per cent ...
Hanjin Shipping is introducing slow-steaming in one of its Asia - US East Coast services, effective today. As part of the agreement settled among the CKYH Alliance partners (COSCON, K-Line, Yang Ming and Hanjin), Hanjin Shipping has begun slow-steaming in its current All Water Hanjin (AWH) service. Hanjin will add one more ship, bringing to total deploy...
In order to strengthen the competitive capability of the Russian design organizations and shipyards RS keeps on cooperation with the United Shipbuilding Corporation in 2010 to the benefit of state and other customers. Completion of Russian the fleet and shelf development programmes depends on creation of new types of cargo vessels, industrial ships, high-...
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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