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Customs union members (Russia, Byelorussia, Kazakhstan) agreed to resume negotiations on entering the World Trade Organization (WTO) separately, but ‘at the same time they will speak unanimously on a number of issues’, informed ITAR-Tass with reference to Maxim Medvedkov, Head of the trade negotiations department of the RF Ministry of Economic D...
In a market that has been utterly stagnant, a Middle East oil tanker operator signed the first container ship order anywhere in the world since October 2008. The Abu Dhabi National Tanker Company placed an order for two gearless box ships of 1,060 20-foot equivalent units capacity at South Korea’s Hyundai Mipo Dockyard, according to London shipbroker...
Somali pirates seized a Singapore-flagged container ship Thursday in the Indian Ocean, as subsiding seasonal winds near the Seychelles allow hijackers back on the high seas. This photo, released by the German Bundeswehr, shows a pirate boat in the Gulf of Aden off Somalia. Somali pirates seized a Singapore-flagged container ship in the Indian Ocean, as sub...
Hyundai Heavy Industries, South Korea's top shipbuilder, said that it has signed a preliminary agreement to buy a local trading company. Late last month, Hyundai Heavy was picked as the preferred bidder for Hyundai Corp which has been up for sale since last year. In May this year, Hyundai Heavy submitted its bid to acquire Hyundai Corp, but the deal failed...
CMA CGM has announced rate of US$75 per TEU and $150 per FEU on cargo from Europe, Mediterranean trades to and from the Far East and Indian sub-continent from November 1. Rates of Europe-Med to Far East cargo including Japan and Australia, Indian sub-continent and Middle East eastbound will increase US$150 per container on November 1. For all cargo movi...
Wärtsilä has today opened a Service Centre in Murmansk, Russia to serve the rapidly growing number of vessels in northern waters. The Service Centre demonstrates Wärtsilä's commitment to expand in line with the increasing marine activity in the Barents Sea region. To emphasise the importance of co-operation, Wärtsilä's CEO an...
STRIKING dockers brought the major Greek Port of Piraeus to a standstill recently after they walked off the job protesting the take-over of container terminals by China's Cosco Pacific. Strikers want the newly elected socialist government to scrap a US$6.3 billion contract with Cosco to operate two container terminals for 30 years. The union fears that...
Volgo-Don-127 motor vessel and C-227 barge towed by OT-2429 collided in Rybinskoe water storage basin. The three water units are owned by Volga Shipping JSC. As per GMSKC of the Ministry of Transport the incident took place on October 14, 10:45 p.m. No victims, oil spillage and threat of flooding occurred. The plating of Volgo-Don-127 motor vessel broke i...
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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