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The Eurogate Group reported a first-half decline in container handling volume of 10.1 percent compared to 2008 as the slump in global trade continued to throttle consumer demand. The German terminals of Bremerhaven and Hamburg, with a total of 3.3 million TEUs, have lost 19.5 percent of their handling volume. The Bremerhaven terminal is down 20.8 percent...
A.P. Moeller-Maersk A/S., the world's largest container-ship operator, expects industrywide box-ship lay-ups to expand 66 percent by early next year as new-vessel deliveries continue amid slowing world trade. The capacity of the laid-up fleet will likely rise to 2 million twenty-foot containers from 1.2 million by late this year or early 2010, Anthony Ra...
Indian coast guards last Thursday seized a North Korean ship after a six-hour chase and have been investigating since, South Korean media reported Monday. The MV Musan fled after illegally casting anchor in waters near the Andaman and Nicobar Islands, the Times of India reported Sunday. This was the first time a foreign country has actually seized a North...
Set-listed Precious Shipping Plc (PSL), Thailand's second largest dry bulk carrier, will start its $550-million buying programme for second-hand ships when shipping rates fall to 2,000 points on the Baltic Dry Index. The Baltic Dry Index (BDI), the most closely watched measure of commodity-shipping rates, is expected to slide further later this year enabli...
The re-established Finnish shipping company Dennis Maritime Ltd has taken over the operations of the 1,280 DWT cargo vessels Josefine and Nathalie after the bankruptcy of their former owner Wega Shipping. The Josefine is owned by Dennis Maritime Ltd and the Nathalie by Rederi Ab Nathalie. The owners of the companies are Dennis Saari, Jimmy Gustafson, Johan ...
Famous Pacific Shipping (FPS) has boosted its South American ocean freight connections with the launch of a new fortnightly consolidation service to Cartagena in Colombia. This service supplements FPS Rotterdam's existing services to Santos, Buenos Aires, Callao, Valparaiso and Colon. Developed in so-operation with FPS Rotterdam's new partner...
Inspection and testing specialist Applus RTD UK has secured its first contract with oil firm Maersk, worth more than £7.5 million over three years. The Aberdeen-based group said the agreement, which includes options to extend, would see it provide non-destructive testing, ship repair and rope access services to three of Maersk Oil's North Sea facil...
China CSSC (China State Shipbuilding Corp.) Holdings Ltd., the country's leading shipbuilder, announced Saturday it had made a net profit of 1.2 billion yuan (175.6 million U.S. dollars) in the first half of the year, down 38.42 percent year on year. Net assets profitability ratio was 9.53 percent in six months, declining by 10.25 percentage points year o...
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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