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Bharati Shipyard, India’s second biggest private shipbuilder, acquired 55.33 lakh shares at Rs 315 a share, amounting to 14.89 per cent in Great Offshore on Thursday. “We have decided to acquire the pledged shares and hold it as a strategic long-term investment,” Mr P.C. Kapoor, Managing Director, Bharati Shipyard, said in statement. He s...
THE French shipping group CMA CGM Group is commencing from June 1 a new service linking North Europe, Greece and Turkey named the French Europe Med Express (FEMEX). This fixed-day service will deploy five vessels of 2,100 TEU and offer direct connections between North Europe and the main ports in the Aegean Sea, between Greece and Turkey and the Marmara S...
MITSUI OSK Lines Ltd (MOL) has installed an automatic monitoring system for reefer containers at the Tokyo International Container Terminal (TICT). MOL and Wilco Inc. jointly tested the system that automatically monitors the temperature inside each reefer container, and based on these results MOL decided to introduce the system at TICT. The system relie...
SEVEN in 10 ships visited by the UK P&I Club's inspectors in 2008 were given a high rating with no comment or formal suggestions for improvement, representing an increase of 6 per cent over the previous year. The remaining 30 per cent attracted comments from the marine underwriters organisation relating mainly to service, maintenance and safety stand...
THE South Carolina State Ports Authority (SCSPA) and Mediterranean Shipping Company (MSC) have signed a new agreement for the world's second-largest container carrier to continue calling at the Port of Charleston until 2017. The South Carolina State Ports Authority is focused on bringing new business and jobs to the state, said SCSPA chairman David Posek...
SHANGAI's China Shipping Container Line (CSCL) is to double up its vessels on its existing Asia America East 1 service and add a Norfolk call to promote its services for shippers distributing in the mid-Atlantic and the Midwest, said vice president for North America Joe Alagana. The port rotation will be serviced by eight 4,020-TEU ships on an all-water ...
FRENCH Shipping line CMA CGM has announced the continuation of its programme of rate increases on Asia-Mediterranean routes. Westbound, Asia to west Med, Black Sea Adriatic and east Med, rates will increase US$150 per TEU and $200 per FEU from June 1: Eastbound, west Med, Black Sea, Adriatic, east Med to Asia, they will rise $150 per container from July...
EMIRATES Shipping Line (ESL) has formed a partnership with Taiwan-based TS Lines following the resignation of founder and chairman Vikas Khan, according to the Alphaliner Weekly Newsletter. TS Lines founder TS Chen took over as chairman of ESL and as executive director at ESL's holding company. ESL was established in January 2006 by former Noras...
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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