Media
Media
On 28 October 2009, STX Europe's Turku shipyard delivered the world's largest and most innovative cruise vessel to the U.S. cruise line Royal Caribbean International. The Oasis of the Seas marks an unforeseen step forward in the development of cruise vessels and opens totally new prospects for cruise business. The gigantic size of the ship provides oppo...
HYUNDAI Mipo shipyard detained CMA CGM vessel for less than 48 hours from October 18, releasing the Bizet, a 6,600-TEU ship said to be deployed on its Epic service linking Europe to Middle East, Pakistan and India with no calls to Asian ports, reports American Shipper. The French carrier denied the detention of the Bizet was related to an ongoing dispute ...
DUBAI's GAC Group has announced that it has been chosen by NYK to help Japanese shipping and logistics group build a "strong" market presence in Nigeria. "There are plenty of opportunities and plenty of challenges for NYK's venture in West Africa," said Richard Mallen, the newly appointed general manager in Lagos for Liner Services, responsible for all ...
MAERSK Line is reported to be implementing the slow steaming on its Asia-Europe routes from December in a bid to absorb excess capacity. The world's largest container shipping line will reduce speeds on the westbound leg to 17-19 knots from 20-22 knots. Alphaliner weekly newsletter said speeds fall to 14-16 knots eastbound to Asia. Maersk has so far st...
JAPAN's major carriers NYK, MOL and "K" Line have all announced major losses for the first half of their fiscal years ending September 30. "K" Line announced a loss of US$469.6 million in the first half from a first half revenue of $4.4 billion, down 46 per cent year on year. This result stood against last year's first half profit of $555 million. MOL...
COSCO Pacific, China big container-terminal operator, announced a 49 per cent fall in third quarter profit to US$40 million drawn on revenues of $83.4 million, a drop of 8.5 per cent year on year. Container volume dropped 4.2 per cent year on year in the third quarter as the global downturn continued to depress consumer demand in the US and Europe. But ...
GENEVA's Mediterranean Shipping Company (MSC) has announced an increase in freight rates of US$200 per TEU from Far East to Mediterranean and northern European ports from December 15. It applies to all cargo from China, Japan, Korea, Hong Kong and southeast Asia and arriving at all European ports, including Scandinavia, the United Kingdom, the Baltic, Bl...
In September Japanese shipowner Mitsui OSK Lines Ltd (MOL) contracted Cargotec to supply electrically-driven MacGregor RoRo equipment for two 6,400 unit pure car carriers (PCCs) that are under construction at Shin Kurushima Toyohashi Shipbuilding Co Ltd in Japan. Both vessels are scheduled for delivery in 2011. The order was booked in the third quarter 2009...
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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