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Norwegian Cruise Line Corp. Ltd. on Monday announced a $450 million senior secured notes offering and a new $750 million senior secured revolving credit facility. The offering should begin when the new funding for the credit facility is obtained, the company said. The notes, which will mature in 2016, and the credit facility will be guaranteed by some of ...
Shanghai Shipping Exchange (SSE) held a recent launch party for its new Shanghai (Export) Container Freight Index (SCFI) which may yet become as famous as Baltic Dry Index, a Xinhua report suggests. In 1998, the SSE started the China (Export) Container Freight Index (CCFI) and in and 2001, launched the China (coastal) Bulk Freight Index (CBFI). After a de...
In September-October global ship deliveries, 4,298-TEU was as big as it got with the first of three ships, the Alexandra Bridge, going to "K" Line from an order placed with Hyundai in August 2006. According to Exim News Service, the Alexandria Bridge is to be deployed on the China-Middle East-India service (CMS/CSG), jointly operated with PIL and Wan Hai....
China Shipping Container Lines (CSCL) has started offering two weekly Asia-Mediterranean services, restoring the carrier’s full West Mediterranean coverage, through a new joint service and slot chartering on a separate service. For one of the services, CSCL is cooperating with United Arab Shipping Co (UASC) on the Asia-Mediterranean trade lane to pr...
Maersk Line has provided an update on its 2009 to 2010 seasonalcapacity provision and other planned network developments for the Asia to Europe, Europe to Middle East and South Asia, and Asia to Middle East trades. According to Exim News Service, the container shipping giant will implement a measured withdrawal of 2,500 FFE per week from its network, whil...
Mediterranean Shipping Co. (MSC) has announced a rate restoration on the India to North Europe, UK, West and East Mediterranean and Black Sea trades, according to Exim News Service. According to a release, the hike will be by $ 150 per TEU, effective from November 7. This rate restoration is indicative of not just the fact that the world’s second-l...
A Belgian cargo vessel leaked oil into waters off northern China after a Chinese ship crashed into it at a refueling dock, a state news agency said Sunday. The Belgian ship, "Lowlands Prosperity," was docked late Saturday at the Caofeidian port, a steelmaking and energy base in northeastern Hebei province, near Beijing, when a Chinese oil supplying ship h...
Shipping Corporation of India (SCI) said it is planning to float a global tender of $160 million for six vessels by this month-end. “SCI plans to float the tender containing two AHTS-offshore vessels (Anchor Handling Tug Supply), two product tankers and two bulk carriers, ’’ a senior director of the Government-owned company told PTI here. ...
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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