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Senior industry executives are optimistic that the world container market is all set to rebound in the third quarter, following a sharp downturn driven by overcapacity and limited demand, Exim News Service reports. In the last nine months, container freight rates on the benchmark Asia-Europe route have declined by about 50 per cent, trading recently at ar...
Crowley Maritime Corporation's liner services group is adding 500 new containers to its already robust equipment fleet in order to better serve the growing needs of its customers in Puerto Rico, the Caribbean and throughout Central America. Once received, the company's equipment fleet will include over 46,000 pieces. This recent acquisition represents gro...
Hong Kong's Overseas Orient Container Lines (OOCL) said it is scanning all vessels it owns or charters for radiation before they depart from the Japanese Kanto ports of Tokyo and Yokohama. The scanning, which is being done by licensed personnel, covers crew, superstructures, open decks and selected containers to mitigate the risk of radiation from outboun...
GOVERNMENT and industry representatives -including 30 foreign ministers - from more than 50 countries joined a Dubai conference this week to seek ways to suppress piracy off the coast of Somalia that threatens international shipping with costs of US$12 billion a year. The conference is expected to end with a declaration outlining areas of cooperation betw...
THE shipping industry is being urged to stage a "highly audible protest" against piracy and for ships' sirens to sound for 30 seconds every day at noon, in every port in the world, to "draw public attention to the criminals who are now menacing world trade, and who are holding nearly 800 seafarers captive," said BIMCO's president. Speaking at the region...
South Korea's Hyundai Heavy Industries (HHI) announced on Monday won an order to build an ultra-deepwater drillship and four containerships. The contract, awarded by Norway-based Fred Olsen Energy, includes an option to exercise the purchase of a similar second drillship. The drillship measures 229 metres in length and 36 metres wide with water depth capac...
Ship operators and managers are benefitting from the administrative efficiency of a single payment system for port calls launched by Wilhelmsen Ships Service. A Float Account scheme operated by the company enables the ship operator to deposit a fixed amount with them to cover a month’s anticipated port calls. The sum is used to cover all t...
AP Moller-Maersk CEO Nils Andersen told media after an event in Singapore that Maersk Line is exercising its option for another ten 18,000-TEU vessels, reported London's Lloyd's List. "The first decision will come in June and we do expect we will exercise that option for an additional 10," said Mr Andersen, reported Newark's Journal of Commerce. ...
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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