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China is sending a navy task force to the Gulf of Aden to replace warships deployed to protect merchant vessels from Somali pirates. The flotilla will comprise the destroyer Shenzhen, the frigate Huangshan, and Weishanhu, a supply ship that also supported the first escort mission, the official Xinhua News Agency reported late on Tuesday, without citing a...
China and the European Union (EU) signed a protocol in Brussels on Tuesday, extending the China-EU maritime transport agreement to all the 27 member states of the EU, the official Xinhua News reported. The newly-signed protocol is applicable to Bulgaria and Romania now and will further strengthen maritime cooperation between China and EU members. Li She...
Moody’s Investors Service reviewed Corporate Family Rating (CFR) and Probability of Default Rating (PDR) of FESCO by international scale. At the same time, Moody’s Interfax Investors Service reviewed the national-scale rating of FESCO, the company reports according to RZD-Partner. Following this review, the new current CFR rating is B3 (one ...
Empty containers are becoming an urban planner’s nightmare. Following the news earlier this year that the Hong Kong government was urgently finding more land to fit all the empty boxes hanging around the port during the bitter container downturn, news has emerged of snaking queues of boxes lining the world’s second largest boxport, Shanghai. ...
Murmansk Shipping Company OJSC has expanded its fleet with a new bulk carrier Novaya Zemlya. The ceremony of the colours and namegiving was held March 31, 2009 at Chengxi Shipyard Co., LTD in Jiangyin (China), press center of the Shipping Company reports. According to the source the ceremony was attended by the representatives of Russian diplomatic corps in...
China International Marine Containers (Group) Co (CIMC), the world's largest shipping container maker, has suffered a fourth-quarter loss of CNY295 million (US$43 million) on the back of the global economic slowdown, which has hit world trade hard. The loss compared with a net profit of CNY1.24 billion that CIMC recorded in the same quarter of 2007, as ...
Switzerland's Mediterranean Shipping Company, rated the world's second largest container carrier after Maersk Line, has announced it is increasing its Suez Canal surcharge US$50 per TEU from April 15. Considering the persisting economic recession and the significant reduction of the trade, with lower vessels utilisations, MSC regrets to inform customer...
Finnish-based short sea operator Containerships says it is improving connections for the Swedish market by adding links from Gothenburg and Helsingborg. The move is aimed at improving links the industrial centres of Swedenand Russia, the Baltic States, Central Asian Republics and the Eastern Mediterranean are concerned. A statement says: “Calling bot...
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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