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The Russian Foreign Ministry said on Tuesday that no suspicious cargo was found aboard Arctic Sea ship, which was allegedly seized by eight hijackers and later freed by the Russian Navy, RIA Novosti reports. "The preliminary search of the ship did not reveal the presence of suspicious cargo on board. A more thorough search will be conducted in one of the ...
Norwegian seismic surveyor Petroleum Geo Services ASA (PGS) (PGS.OL) said it had terminated a shipbuilding contract at Spanish yard Factorias Vulcano and said the yard was disputing its cancellation of a another deal. "PGS strongly believes that the terminations are rightful, and will pursue its claims for refund of the installed amounts," the company sai...
After years spent boosting their fleets and adding new services, ocean container carriers are reducing the number of ships in service as cargo volumes shrink across their global liner networks. The combined active fleet operated by the top 24 container shipping lines has declined by 4 percent over the past 12 months, according to Alphaliner, the Paris-bas...
MOL (Mitsui O.S.K. Line) says it has no choice but to announce a general rate increase (GRI) on its Europe – Southern Africa trade. “We are committed to maintaining high service levels even during these difficult economic times,” says Colin de Souza, MOL General Manager, North South Trade. “However, the cost of maintaining thes...
South Korea’s Sungdong Shipbuilding & Marine Engineering has won its first major bulker order this year, with a $250m deal for four 180,000 dwt capesize vessels from Vale, the Brazilian iron ore producer. The shipbuilder told Lloyd’s List that refund guarantees to support the financing and staged construction payments on the ships had alre...
CMA CGM has announced rate increases on cargo moving between Europe to Australia and New Zealand from September 15. According to the Shipping Gazette, southbound cargo from Europe to Australia and New Zealand will have a rate increase of US$300 per TEU. Northbound cargo from Australia and New Zealand to Europe will have a new rate increase of US$20...
The first of three coastguard vessels of the Barents Sea class was taken into operation this weekend. The vessel is an ice strengthened multi-purpose vessel which can be used both as a tugboat to assist bigger boats in addition to fish-inspection in Norway’s Arctic waters. The vessel will get a main role within fishery inspections, oil spill preventi...
The world's largest container shipping company Maersk Line will increase freight rates on its Intra Americas Services from Sept. 1, it said on Monday, helping lift its parent company's shares. Maersk Line is part of Danish shipping and oil group A.P. Moller-Maersk, whose shares rose 4.5 percent to 37,100 crowns by 1126 GMT, outperforming the Copenhagen b...
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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