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Drewry Shipping Consultants estimates carriers will lose at least $20 billion for the full year in 2009, due to reduced demand and severely depressed rates. “Clearly, the industry entered Transpacific contracting in 2009 facing truly unprecedented trade conditions, in which cargo demand was deteriorating at an alarming pace,” said TSA executiv...
STX Europe has been awarded a contract with Deep Sea Supply for design and building of a Platform Supply Vessel. The new PSV 09 CD design, optimized for eco-drive in all weather conditions, is designed by STX Europe in Ålesund, Norway. The vessel is scheduled for delivery in Q1 2012, and will be built at STX Europe in Brazil. The contract is signed ...
The International Association of Antarctica Tour Operators (IAATO) has approved a resolution requiring members’ passenger ships to be fitted with satellite tracking devices based on Iridium (Iridium Communications Inc.). The devices will report ships’ positions at least once per hour when cruising in Antarctic waters. Global Marine Netwo...
China Shipping Container Lines (CSCL) has announced peak season surcharges and rate increases on most of its major trade lanes, Exim News Service informs. A peak season surcharge for shipments on Asia-European/Mediterranean lines of $ 200 per TEU has been in effect from September 1. From October 1, the emergency bunker surcharge (EBS) has been raised to ...
The Ministry of Shipping (MoS) of India is drawing up a document to prohibit foreign vessels from plying in coastal trade, it is learnt. The move is actually aimed at the misuse of the coastal trade for terrorist activities, a MoS official said. According to Exim News Service, at present, foreign vessels can’t operate in those segments of the coasta...
MISC Berhad, Malaysia’s national shipping line, has extended its Halal Express Service 1 (HE1) to Port Pipavav. The inclusion of Port Pipavav in the service is expected to provide shippers in the Gujarat region a direct service to China and South-East Asian ports. The service will also facilitate exports from Northern ICDs like Delhi, Ludhiana and J...
GERMAN container shipping line Hapag-Lloyd is said to be on track to gaining approval for EUR1.2 billion (US$1.76 billion) in state loan guarantees, according to the German economic ministry. "First, the budget committee of the German lower house must meet to discuss the case," said a ministry statement. Reuters cited unnamed sources as saying that Ha...
THE survival of Zim shipping line, controlled by Israel Corp investment company, is a matter of "national interest, Israeli Shippers' Council chairman Gad Schaeffer was quoted as saying on the Port2Port.com, Israeli trade news website. "The current distress of Zim, following its privatisation, cannot be considered as a problem of its private owners," sai...
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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