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In a desperate bid to arrest tumbling box rates on the transpacific trade, lines are attempting to set minimum floor rates. Following a series of unsuccessful measures by the Transpacific Stabilisation Agreement to stem the slide in container freight rates on the Asia–US trade, members are now making a voluntary bid to set a floor level. Less than a...
Forming of the authorized capital of the United Shipbuilding Corporation (OSK) has been completed, RF Vice PM Igor Sechin told the Government meeting today according to RBC. Igor Sechin reminded that according to the presidential decree the process was to be completed by April 1, 2009. Igor Sechin confirmed the transfer of shareholdings of 9 design bure...
RF Government plans to establish a unified body to manage all inland waterways of Russia, Vice PM Sergei Ivanov told the Government meeting today according to RIA Novosti. Sergei Ivanov says the nearest meeting of the Maritime Board is to consider the issue related to management of transportation at all inland sea and river waterways of Russia. The draft ...
Arctic container carrier of Norilsk Nickel put into operation 3 years ago transported 615,000 tonnes of the company’s own cargo and 148,000 tonnes of cargo owned by third parties, the company reports. It is underlined in the statement that the company’s fleet enabled Norilsk Nickel to avoid icebreaking assistance at any weather conditions at D...
Jiangsu Rongsheng Heavy Industries (China) has laid down the keel of the third 156,000-dwt Suezmax tanker (of the series of 6 vessel) for Novoship OJSC. The vessels are being built within the framework of the company’s fleet renovation program. The vessel will be named NS Breeze, Nrnews.Ru reports. Metal cutting for the sixth tanker of the series ...
A Sierra Leone-flagged ship has been stopped by border guards in Russia's Far East Sea of Okhotsk on suspicion of poaching, a regional coast guard spokesman said on Monday according to RIA Novosti. Border guards said the vessel had no documentation allowing it to fish in Russian waters or ship seafood. The vessel has been taken to a port in Petropavlov...
US NAVY snipers fired from the fantail of the destroyer USS Bainbridge 30 yards from the lifeboat where Maersk Alabama captain Richard Phillips, 53, was in imminent danger, and killed a pirate aiming an AK-47 at the captain's back, US military officials said after the ship's master was rescued unharmed. After bobbing since Wednesday off the Somali coast...
HAMBURG SUD president Ottmar Gast is warning the container shipping industry to brace itself for much worse to come amid this unprecedented crisis in the container shipping industry sparked by the current economic downturn. During a visit to the German company's largest transhipment hub, Cartagena, Mr Gast said there was little relief on the horizon for ...
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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