Samudera Shipping's subsidiary has taken delivery of a newly built 57,700 dwt Supramax from a shipyard in South Korea, the company announced Tuesday. The Indonesian firm's subsidiary Foremost Maritime took the last of the two supramaxes that the group contracted in early 2008. Sinar Kapuas will be deployed under timecharter and is on her maiden voyage for...
COSCO Corporation (Singapore) Ltd's subsidiary has secured a contract with Seadrill to construct a new drilling rig valued at $66m. Seadrill has exercised one of the options awarded by COSCO after it was awarded altogether two options in February 2011. COSCO (Nantong) Shipyard will delivery the rig equipped with enhanced drilling capabilities allowing i...
Hong Kong-listed SITC has extended to Thailand its Japan-China-Vietnam CJV 1 service, now called the Vietnam-Thailand Express VTX. A Vietnam-Thailand string covering Bangkok and Laem Chabang is added while the rotation has been lengthened from three to four weeks with a fourth ship added, reports Paris-based Alphaliner. The VTX now covers several markets...
Israel's Zim Integrated Shipping Services has restructured the transpacific all water leg of its ZCS service to dedicate the loop to the north east Asia trade, starting from May, the Shipping Gazette informs. "The South China service is enhanced, together with our partners the Grand Alliance and Hyundai, with the SCE and SCE2," a statement from the carr...
SOUTH Korea's Hanjin Shipping has taken delivery of two 8,600-TEU newbuildings built by Hyundai Samho Heavy Industries, each 335 metres long and 43 metres abeam. The 91,600-ton ships, the Hanjin Rotterdam and Hanjin Seattle, are the last two in a series of five 8,600-TEU ships. The vessels are equipped with fuel-efficient and eco-friendly engines that c...
TAIWAN's Wan Hai Lines has posted its financial results for 2010, seeing a net profit of US$190 million compared to a deficit of $56.7 million in 2009, while its revenue increased 43 per cent year on year to $2.4 billion. Operating profit hit $192 million in 2010 compared to $168.3 million in the previous year. Its return on sales was 20.5 per cent in 20...
Samsung Heavy Industries (SHI) has delivered a 13,500 teu containership to United Arab Shipping Company (UASC), a first in a series of nine ships that UASC has on order. The combined contract of the order is around $1.5bn. The remaining eight sister ships will be delivered during the first four months of 2012 from SHI's Geoje yard. The containership Um...
A BRITISH shipper lobby, the Freight Transport Association, has introduced a container shipping contract to standardise transport service terms, inland transportation, provisions for rates, equipment and performance measures to allow for tailoring of terms between parties. FTA European policy general manager Chris Welsh said the 31-page template will he...
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