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MEMBERS of the Global Shippers' Forum (GSF) say it endorses non-rate making liner shipping agreements that do not seriously reduce competition. The statement was made in response to a study produced for the 21 member economies of the Asia-Pacific Economic Cooperation (APEC) to consider how to harmonise the regulations of members in this area. The forum...
Mitsubishi Corp. and Mitsui & Co. are set to obtain business rights in the Sakhalin-3 site, which is believed to have the largest reserves of oil and natural gas among energy resources development projects off Sakhalin in Russia's Far East, sources have told Energy Current. Currently, Gazprom, Russia's state-run natural gas company, holds a 100 perce...
Mitsui O.S.K. Lines today announced plans to add a call at Da Chan Bay in Shenzhen on its Japan-Hong Kong-Straits Service (CHS1) in August. The weekly CHS1 route is served by three 3,500 TEU-class ships. The additional call at Da Chan Bay will meet increasing demand in Shenzhen, South China, a rapidly expanding region. It also allows MOL to offer a direct...
China COSCO Holdings said late on Tuesday it expected to record a first-half loss as the global recession battered the global shipping industry. The container shipping group said its container vessel fleet and its dry bulk vessel fleet both recorded losses, although conditions for the dry bulk shipping market have started to improve. It did not say when i...
In an illustrious ceremony, headed by Minister of Mercantile Marine, Anastasios Papaligouras, the Russian Maritime Register of Shipping was granted the right to perform controls and checks and issue the necessary certificates, under international treaties, for ships flying the Hellenic flag. In his speech , Mr. Papaligouras stressed out the fact that throug...
FESCO Transport Group has taken the delivery of the FESCO Vladimir container carrier built by Stocznia Szczecinska Nowa. FESCO Vladimir is the last vessel of the series of vessels and the last one built by the shipyard which is to be closed according to the decision of the European Commission. This vessel project B170 is the last of this type built by pol...
Hyundai Merchant Marine said Friday it is seeking to raise rates on shipments from the United States to ports in northern Europe. The general rate increase is $400 per TEU and $500 per 40-foot equivalent unit, 40-foot high-cube, reefer or flat rack/open top container. The increase, effective Sept. 1, applies to shipments going to all ports and...
Implementing a $10-per-TEU fee on every container moving through a U.S. port would raise roughly $3 billion over six years to help finance freight-related infrastructure improvements, James L. Oberstar, chairman of the U.S. House of Representatives Committee on Transportation and Infrastructure, told a Ways and Means subcommittee hearing last Thursday. &nb...
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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