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The Norwegian-registered STX Europe, an affiliate of the South Korean STX shipyard and shipping group, has used the occasion of Wadan Yards recent insolvency and pulled out of the German shipbuilding sector entirely. STX had acquired the two German shipyards when it bought the Norwegian Aker Yards in early 2009. The company however soon decided to focu...
MAN Diesel SE and MAN Turbo AG are to work more closely together in future with the aim of forming a merger with each other under corporate law. By combining the complementary product portfolios, the merged company will strive for further growth and a stronger position in its respective market segments. “This will allow the MAN Group to combine the e...
Singapore port terminals handled 17 percent fewer containers in June from a year ago but traffic was steady from May, data from the Maritime and Port Authority of Singapore showed. The numbers show trade at the world's busiest container port has stabilised, and come as the Singapore government said the export-dependent economy leapt out of rece...
The Russian Register (RR) has accepted and approved the ISO 9001:2008 certificate held by Wilhelmsen Ships Service for their fire, rescue and safety services network. In addition and as part of the same approval process, the Russian Maritime Register of Shipping has awarded Wilhelmsen Ships Service their own Certificate of Approval and Recognition. Thes...
Reuters quoted Mr Eddy Bruyninckx CEO of Antwerp Port as saying that it will see a recovery in cargo volumes at the beginning of 2010 at the earliest. He said that "I cannot really see any signs that the slowdown is bottoming out. I would not expect a recovery before 2010." Mr Bruyninckx said that Antwerp had a turnover of about 190 million tonnes i...
The Marshall Islands Registry surpassed the 50 million gross ton mark continuing a pattern of steady growth. In less than six years, the Marshall Islands fleet has grown from 18.5 million gross tons and 626 vessels at the end of 2003 to 50 million gross tons and 2044 vessels in July 2009 reflecting an average annual growth rate of 23% in terms of gross...
For the second quarter of 2009 (ended 30 June 2009), total volumes were 18.7% down on the same period last year. Total revenues decreased by 42.6% to US Dollars 869.6 million. With an 8% decrease in loadable capacity, the overall load factor was 9.5% lower than the same period in 2008. Overall average revenue per teu decreased by 29.4% compared to th...
Idle boxship capacity could hit 2m teu by the end of the year, or the start of 2010, according to forecasts from Alphaliner. Alphaliner said the number of idle containerships has fallen to 1.2m teu as of July 10 from a peak of 1.42m teu earlier in the year, however a glut of newbuildings to be delivered in the coming months are expecte...
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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