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Hyundai Heavy Industries Co., the world's largest shipbuilder, said Thursday that it has received a 150 billion won (US$120 million) order to build five patrol vessels, its first shipbuilding order since September last year. The deal with Korea Marine Fund Corp. calls on Hyundai Heavy to deliver the vessels to the Korea Coast Guard by 2012, the company s...
In advance of the United Nations Climate Change Conference (in Copenhagen, in December 2009), the International Chamber of Shipping (ICS) - and its member national shipowners’ associations - have launched a new campaign to highlight the global shipping industry’s firm commitment to reducing emissions of carbon dioxide. As part of the cam...
Horizon Lines, Inc., today announced that its Board of Directors has voted to declare a regular quarterly cash dividend of $0.11 per share, payable on September 15, 2009, to stockholders of record on September 1, 2009. The dividend was approved during the regularly scheduled quarterly meeting of the Board of Directors, which was held today. (Sour...
Euroseas Ltd., owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced that it has taken delivery of the M/V Four Coal to be renamed M/V Pantelis, a Panamax drybulk carrier of 74,020 dwt, built in 2000 in Japan. As previously disclosed, the vessel was acqui...
The options for the restructuring of Hapag-Lloyd are said to include the sale of properties, a reduction of up to 15% of the 7,000 employees, and cooperation with other shipping companies. Roland Berger consultants are looking at this option. Neptune Orient Lines (NOL) of Singapore and CMA CGM of France are seen as possible partners for t...
Wallenius Wilhelmsen Logistics (WWL), a joint venture between Wallenius Lines of Sweden and Wilh Wilhelmsen of Norway, has announced that at least one quarter of its fleet will remain in cold lay-up throughout the coming year. The Sweden-based deep-sea roll-on/roll-off (ro-ro) specialist said that it had idled vessels with lower lifting ability and higher f...
The latest Shipbuilding Market Forecast, published by Lloyd's Register – Fairplay Research, predicts continued modest-but-steady growth for the passenger ship sector over the next five years. The monthly research report provides detailed analysis and forecasts covering all sectors of the passenger ship market, including passenger and cargo ferries,...
THE British Department of Transport has launched its "Low Carbon Supply Chain Steering Group" to badger the shipping industry operators to record, report and reduce carbon emissions. The group will also provide a framework for government to reward industry for future cuts in greenhouse emissions through tax breaks, reported London's International Freight...
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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