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A KEY manufacturing index climbed up 3.8 percentage points in April to its highest level in eight months. The Institute of Supply Management's index of manufacturing reached 40.1 per cent, marking the fourth consecutive month the PMI index improved from month to month and it was the first time the index passed the 40 per cent mark since last September, r...
STATISTICS from the Chinese Ministry of Railways shows that the nation's railway cargo volume dropped to 766 million tonnes during the first quarter, a year-on-year a decrease of six per cent compared to 812 million tonnes in the same period last year, Logistics Week reported. Rail cargo movement in March was 265 million tonnes. Average daily volume rose...
Seaspan Corporation announced that it accepted delivery of the MOL Emerald, a 5100 TEU newbuilding. The new containership, which was built by Hyundai Heavy Industries Co., Ltd., expands the Company's operating fleet to 38 vessels with 30 remaining newbuildings to be delivered over approximately the next three years. The MOL Emerald was delivered to Seaspan...
On 8 May 2009, the CSCL Xin Tai Cang berthed at YICT. The call was the first of the Asia-America East Coast 1 (AAE1) Service of China Shipping Container Lines (CSCL). The new US service comprises eight 4,000-plus TEU vessels, which call at Yantian every Friday and follow a port rotation of Shanghai, Hong Kong, Yantian, New York, Norfolk, Savannah and Miam...
On April 9, NYK was recognized as one of top shipping lines in the Green Flag vessel speed reduction Program that the Port of Long Beach has been conducting to improve air quality. It was the second consecutive recognition for NYK. The Green Flag Program aims at restraining exhaust emissions from vessels, and the Port of Long Beach is recommending that ves...
Hyundai Mipo Dockyard (HMD) successfully delivered the biggeset vessel HMD has ever built, Hull No. 2070 out of four 75,000 PC series. There was a naming ceremony for Hull No. 2070 on March 27th. On that day, a number of guests from the owner, GEM, and HMD attended to greet her first voyage. The vessel was named GULF CASTLE by CEO of GEM, Mr. Ahmed al Falah...
Hyundai Vinashin Shipyard successfully carried out the launching of the 1st new vessel at HVS, Hull No. S001, on March 31st. The vessel is the 1st out of 14 vessels for E.R.SCHIFFAHRT and is 187.8m long, 32.2m wide and 18.3m deep. The 2nd vessel’s keel laying followed on April 15th. Meanwhile, HVS has recently commenced the installation work for a 450...
South Korea's STX Pan Ocean Co. Ltd and Indonesia's state-owned oil company PT Pertamina (Persero) have agreed to set up a shipping joint venture. According to reports, the joint venture will be established in September before starting operations in January, 2010. The JV will focus on shipping of oil and gas produced in Indonesia. STX Pan Ocean, a subs...
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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