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New PRISCO tanker was named today, the company reports. The vessel “PRISCO Elizaveta” was constructed during 8 month period on STX Shipbuilding, South Korea. According to PRISCO tradition the vessel was blessed by abbot Tikhon from Sakhalin Eparchy. Godmother of tanker, Mrs. Tatiana Grankina, specialist of “PRISCO Capital Bank”, wi...
The world's largest box carrier Maersk Line is returning to the Port of Seattle's Terminal 18 this spring, 24 years after having left it for nearby Tacoma, reports said. Maersk Line is also simultaneously moving calls from the Port of Los Angeles to Seattle. An official statement attributed the move from Los Angeles to “potential congestion&rdqu...
Cosco Container Lines launched its Coscon Fuzhou-Southwest America Service, effective this month. The Shanghai-based carrier said the first vessel in the service was the Cosco Qingdao that called Fuzhou on April 9. “The direct service will effectively enhance the competitiveness of COSCON SEA Service and help customers in the Fuzhou region to redu...
Japanese export ship orders sank at their fastest pace in 16 years in fiscal 2008, which ended on March 31, as the global economic crisis that erupted last autumn dampened ship owners' demand for new vessels. Japan, one of the world's top shipbuilding nations along with South Korea and China, received orders for export ships totaling 14,561,230 gross t...
Import cargo volume at the nation’s major retail container ports hit its lowest level in seven years in February as the number of containers dropped below 1 million for the first time in half a decade, according to the monthly Port Tracker report released April 15 by the National Retail Federation and IHS Global Insight. U.S. ports surveyed handled...
The cost of delivering Middle East crude to Asia, at the lowest in at least 11 years, may decline further as newly built tankers joining the global fleet trade at a discount to existing vessels. The fleet of very large crude carriers, or VLCCs, will expand by 11 percent this year, Drewry Shipping Consultants Ltd. said in a report today. The figure exclude...
Somali pirates have released the Titan, a Greek-owned cargo ship with a crew of 24 on board, which was hijacked on March 19, Greece's merchant marine ministry told RIA Novosti on Wednesday. The Titan, sailing under the flag of St. Vincent and the Grenadines, set sail from a Black Sea port bound for South Korea with a cargo of iron when it was hijacked ...
Hyundai Heavy Industries Co., the world’s largest shipbuilder, bought 67.6 percent of a Russian farm to grow corn and soybeans, heeding a call by the Korean government to help ensure food security. The shipbuilder purchased the stake from a group of New Zealand investors for $6.5 million and plans to produce 60,000 metric tons of corn and soybeans...
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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