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Media
OOCL announced on July 17, 2009, the christening of the eighth Panamax class vessel in our line of sixteen 4,500-TEU vessels ordered from Samsung Heavy Industries. The new vessel was christened the m.v. OOCL Brisbane by sponsor Ms Samantha Honan, the daughter of Mr Dick Honan, Chairman of the Manildra Group. “Having Ms Honan as the sponsor of...
To further its long-term relations with local clients and partners, MAN Diesel inaugurated its new hub in Marseille, on Thursday 9 July, 2 Bd des bassins de Radoub. Dr. Timmermann, Member of the Executive Board of MAN Diesel SE and Rémi Leport, Site Manager of this new hub, cut the red ribbon together. MAN Diesel is one of the world’s leading...
st1\:*{behavior:url(#ieooui) } In London, the Brent Crude contract was up $1.63 on July 17 to $65.38 per barrel on the ICE Futures exchange. Light Sweet Crude climbed $1.54 to $63.56 on the New York Mercantile Exchange, RBC reports. (Source: Port News)
Malaysia’s shipping industry has seen a slight recovery in volumes and freight rates in trade routes from Asia to Europe and the United States as the peak season approaches in the next two months. “There has been a slight increase in volume but it is still weak. And the current freight rates have improved by 15% to 20% from their slump in Janu...
Shipbuilding plant Severnaya Verf (St. Petersburg) has launched a supply vessel project VS 470 PSV MkII being built to the order of Siddis SkipperII AS (Norway), the shipyard reports. It is the first order for a vessel of this type being implemented by a Russian shipyard for a foreign customer unde...
Orsova shipyard’s managing board has validated the signing of 10 external contracts on shipbuilding, totally worth 13,822,600 euros, with delivery in 2009 and 2010, the Bucharest Stock Exchange reports in a release. According to BVB, out of the overall amount of the contracts, 1.9 million euros are two agreements with Dutch Combi Ship Construction B...
A Korean government offer to provide assistance to its shipping lines has attracted interest from the nation's container carriers. The plan requires state-owned Korea Asset Management Company (Kamco) to spend up to KRW4 trillion (US$3.1 billion) of public funds to acquire shipping assets on sale-and-lease-back deals, including containerships, reports AX...
German container line Hapag-Lloyd, rated the world's fifth largest, has announced it will increase freight rates between North America and the Med and north Europe by US$400 per TEU and $500 per FEU in September or October depending on dates of existing contracts, the Shipping Gazette informs. "The shipping industry has been hit by rate erosion in all ma...
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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