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HONG KONG's Orient Overseas Container Line (OOCL) has escaped penalty fees after putting off the delivery of six 8,600-TEU ships ordered from Shanghai's China's Hudong-Zhonghua shipyard. Ordered in late 2007 for US$720 million, the ships were to be delivered next year and the year after, but have since been delayed 18 months. "There is no penalty or ...
Matson has been honored for the seventh consecutive year with Logistics Management magazine’s annual Quest for Quality award in the Ocean Carrier category. The annual survey is regarded in the transportation and logistics industry as the most important measure of customer satisfaction and performance excellence. Transportation service providers are ra...
The first ice-class floating storage and offloading system (FSO) to be completed at a Caspian Sea shipyard and deployed for service in the Caspian Sea is to be issued ABS classification. The Yuri Korchagin is set to be towed out of Baku for installation, hook-up and commissioning this week. It is destined for the Yuri Korchagin Field in the Russ...
Operation Ocean Shield, NATO’s contribution to international efforts to combat piracy off the Horn of Africa, commenced 17 August 2009 after the North Atlantic Council (NAC) approved the mission. Operation Ocean Shield builds on the experience gained during Operation Allied Protector, NATO’s previous counter piracy mission, and develops a distin...
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that a subsidiary of the Company has entered into an approximately two-year time charter agreement for the M/V "Pantelis," a 74,020 dwt, 2000 built Panamax bulk carrier, at a gross daily...
Shipping company D/S Norden has sold a handysize dry cargo ship for USD 31.50mn (EUR 21.97mn), Tradewinds reports. D/S Norden confirms the sale but declines to disclose the transaction price.] (Source: Transport Weekly)
THE world express giants, including FedEx and UPS, hard hit by downturn, are changing their strategy by lowering both the delivery speed and price to save cost, Logistics Week reports. FedEx has announced that its International Economy Service coverage will be expanded from the initial 13 Asian markets to more than 90 countries and regions around the w...
The Turkish company operating the Buket tanker seized by Georgia while en route to Abkhazia in mid-August has appealed its captain's prison sentence, the company's general director said according to RIA Novosti. A Georgian court on Monday sentenced Mehmed Dzhoshkun Ozturk to 24 years in prison for smuggling and violating the ban on unauthorized economic...
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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