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Classification society Germanischer Lloyd has published a new set of rules for ships intended for offshore support and supply, offshore towing, well stimulation, and other specialized offshore services. Compared to their predecessors, these ships are larger, more specialized, and technically more sophisticated to meet demands of complex deepwater field deve...
This week's renewal of pirate attacks on shipping in the Gulf of Aden/Somalia, coupled with a local AlQaeda threat of a possible terror strike on shipping , has led UK-based security consultant NavalSecurity.Org to raise its Security Level for the area to 'High (4)'. A freighter, a bulk carrier and a chemical tanker were all seized this week, despite a...
Leading Indian ship owner, Shipping Corporation of India (SCI) has announced plans to boost its container fleet through the acquisition of three new ships in 2010. The company, which currently only has five containerships in its 76 vessel fleet, has set aside an estimated $225m for the purchases. "SCI plans to purchase three new container vessels, along w...
As of December 29, 2009, the IPE Brent Crude February futures contract is up $77.64 (+0.32) per barrel on the ICE Futures exchange in London. Light Sweet Crude is $78.77 (+0.10) on the New York Mercantile Exchange. Source: Port News
Hanjin Shipping on Dec. 23 added a “carbon calculator” to its Web site to let customers know the amount of emissions generated by their cargo for any given transportation segment. The Clean Cargo Working Group helped the company to develop the supply chain carbon calculator. Its accuracy was verified by Korean Register, a not-for-profit ship cl...
On 29 December 2009 the general meeting of Arctia Holding Oy elected a Board of Directors for Arctia Shipping Oy, the state-owned company starting operations on 1 January 2010. The Board’s term will begin on 1 January 2010. The Board chairman of Arctia Shipping Oy will be Industrial Counsellor Mr Matti Virtaala. The other Board members will be Ms Sa...
China's Ministry of Transport said it will relax its rules and allow container shipping companies that ply the Taiwan Strait to carry transshipment cargo, or goods originating from other economies. Taiwanese and Chinese container shipping companies can also carry empty containers that belong to or are rented by companies that don't have approval to opera...
China Shipping Container Lines Co., the nation’s second-largest cargo-box carrier, plans to raise rates for hauling goods to the U.S. by as much as $700 per 40- foot box as it seeks to return to profit. The company will raise Asia-U.S. rates on the containers by $300 on Jan. 1, Frank Fan, head of investor relations, said in a phone interview today. Th...
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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