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GENEVA's Mediterranean Shipping Company (MSC) has announced the addition of a call at the Port of Charleston, South Carolina, on the Golden Gate service via Suez from January 15 with the sailing of the MSC Turchia from Shanghai. With 12 ships in the 6,050 TEU range, the rotation will now be Shanghai, Ningbo, Shenzhen (Chiwan and Yantian), Singapore, Sala...
DENMARK's Maersk Line plans to register at least one of its ships in Taiwan to gain a foothold in the thriving direct shipping market across the Taiwan Strait, according to an official from Taiwan's Ministry of Transportation and Communications (MOTC). Deputy Minister Yeh Kuang-shih was cited as saying in a report by the Central News Agency that such a ...
SCI has outlined a capital expenditure plan of US$ 4 billion to expand its fleet of vessels by 2012. Earlier, the company had put on hold its vessel acquisition plan expecting correction in the shipbuilding prices. The current order book position of the Shipping Corporation of India stands at 32 vessels of about 1.9 million DWT. According to sources, SCI ...
MOL will increase ocean freight rates for all cargo originating in Asia and imported into the United States, effective January 15, 2010. The move by the Japanese liner follows an announcement made major ocean carriers recently that they will seek compensation for rising operating costs as the container transport industry begins a modest recovery. The Tran...
Daewoo Shipbuilding & Marine Engineering has been contracted by Greek shipowner Almi Tankers to construct 10 suezmax tankers of 160,000dwt each for delivery beginning 2011. According to the terms of the agreement, worth an estimated $633m, Almi Tankers is to have taken delivery of all 10 ships by 2013. This latest contract would indicate tha DSME ...
ABG Shipyard, which earlier this month exited from a bidding war to gain control of Great Offshore, has stated its intentions to keep its remaining shares in the offshore oilfield services company, writes the Wall Street Journal. ABG and unit Eleventh Land Developers Pvt. Ltd. sold about 3.07 million shares--or an 8.27% stake--of Great Offshore on Dec...
MEMBER shipping lines of the Westbound Transpacific Stabilisation Agreement (WTSA) have announced a February 15 rate increase for US-Asia of US$100 per FEU and $80 per TEU for dry cargo from Los Angeles and Long Beach, and $150 per FEU and $120 per TEU for dry cargo from other west coast ports, all-water shipments via the US east and Gulf coasts and inland ...
Shipping and oil group A.P. Moller-Maersk has agreed to buy Devon Energy Corp's stakes in the Cascade, Jack and St. Malo oilfields in the Gulf of Mexico for $1.3 billion, the firms said on Tuesday. Maersk will pay $1.3 billion for the deepwater assets, the Danish and the U.S. firms said in separate statements. Maersk will invest a further $1.3-1.8 billio...
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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