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In what will be a major fillip to hard-pressed Taiwanese lines such as Evergreen, Yang Ming and Wan Hai, China's Ministry of Transport said it will relax its rules and allow container shipping companies that ply the Taiwan Strait to carry transhipment cargo, or goods originating from other economies, reports Dow Jones Taiwanese and Chinese container ship...
Greatship (India) Limited (GIL), a wholly owned subsidiary of The Great Eastern Shipping has announced that it has signed a contract to sell its 2003 built Platform Supply Vessel – “Greatship Diya”. The 3350dwt PSV is slated for delivery to the buyers in Q1 FY11. Additionally, Greatship Global Offshore Services Pte. Ltd. (GGOS), a Singap...
Marine ship power system integrator Wärtsilä has signed a long term service agreement with Maersk LNG. The agreement includes maintenance planning, condition & performance monitoring, co-ordination and supply of technical services, parts and service work for five 165,000 cum LNG vessels equipped with Wärtsilä 50DF dual-fuel eng...
Somali pirates hijacked a Singapore flagged chemical tanker with a crew of 24 on board in the Gulf of Aden, the Singapore government said on Saturday. The Maritime and Port Authority of Singapore (MPA) received reports that Singapore-registered chemical tanker Pramoni was boarded by suspected pirates while transiting the Gulf of Aden. A distress alert was...
All of the country’s about 200 passenger and cargo ferries are almost 30 years old and should have been replaced a long time ago or sent to the scrap yard, according to maritime officials, local media reported last week. “All of them are aging,” said Transportation Undersecretary Thompson Lantion. He said the average age of inter-island...
Comprehensive trade pact between China and major Southeast Asian economies that came into effect last Friday is expected to accelerate bilateral commerce. Trade volume in the China-ASEAN Free Trade Area (FTA) "will jump," and the yearly rate of growth will be "40 to 50 percent or more for a certain period of time," a Thai embassy official said during a pres...
STX Group is aiming for 1 trillion won (some $850 million) in operating profit in 2010 as the group expects to see a recovery in the shipbuilding and shipping sectors. It also aims to record 25 trillion won ($22 billion) in total sales and 33 trillion won in orders in the new year capitalizing on new growth sectors ― plants, construction and energy, the gr...
THE 3rd Annual Shipping Finance Asia 2010 conference will be held at the Marina Mandarin Hotel in Singapore from Wednesday February 3 - 4 to focus on developing strategies on raising capital, strengthening balance sheets and resolving contractual disputes for long term business continuity and competitiveness. Themes for Shipping Finance Asia will be asses...
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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