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China's Ministry of Transport has published a circular encouraging domestic shipping enterprises to buy ships manufactured before March 31, 2009, reports Xinhua. Affected by the international economic crisis, some shipping enterprises failed to pay for the ships they had ordered from shipbuilding enterprises. Shipping enterprises that buy such ships will...
The cost of seaborne haulage of goods such as coal and iron ore may reportedly increase by at least 7.8 per cent by the year-end, aided by increased Chinese raw material demand. The Baltic Dry Index, a measure of commodity-shipping costs, has more than quadrupled this year after collapsing by a record 92 per cent in 2008. It rose to 3,247 points recently,...
Credit to shipowners will increase over two years, according to a survey carried out by Petrofin SA. Of the world’s 27 top ship finance banks surveyed, 42 per cent expected an increase in lending to shipowners within 12 months, Mr Ted Petropoulos, Petrofin Managing Director, revealed at a Seatrade/Tradewinds conference. Some 31 per cent expected a ri...
Greece cannot backtrack from a disputed port deal with Chinese transport operator Cosco that has sparked recurring strikes from protesting dockworkers, the Greek economy minister said on Sunday. "There is no legal way to cancel the agreement, this would give a poor signal to international markets on the Greek government's credibility," Louka Katseli told ...
Shipping giant CMA CGM has announced it is adding a Singapore call to its round-the-world PEX 3 service, which runs from Asia to the US Gulf via Panama, on to east coast ports then to the Mediterranean through Suez and then to the Far East. From November 11, CMA CGM said it would offer a direct connection between Houston and Singapore on the PEX3 which dep...
OOCL announced that with the onset of the winter peak season for refrigerated (reefer) cargo, the demand for reefer plugs on westbound sailings from Europe to Montreal exceeds supply. In order to maintain a high level of customer service with a minimum of cargo disruption, we are introducing a Peak Season Reefer Surcharge. This surcharge will be US$ 400...
Denmark's Maersk Line has commenced a new east Mediterranean to central Europe service via the Adriatic sea. According to the Shipping Gazette, the Adriatic Levant Express ALEX service links Alexandra, Egypt, and Ashdod, Israel to Central Europe. The ALEX service will offer its first sailing from Ashdod on November 18, with port rotation of Alexandria,...
Maritime information provider Lloyd’s Register-Fairplay in a joint project with Lloyd's Register has received a prestigious British Quality Foundation 2009 Lean Six Sigma Academy Award for a project to enhance their "Register of Ships" shipping database, the largest of its type in the world. The project made it much quicker and easier for analysts ...
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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