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Russian Navy plans to commission new Lada-class vessels to the Black Sea Fleet, which is required to equipped with eight to ten submarines in active service, a senior Navy official said Tuesday. We are planning to deploy additional submarines with the Black Sea Fleet, including new Lada-class vessels, but our plans are being hampered by Ukraine, which se...
South Korea's STX Shipbuilding said on Wednesday it had won a 450.6 billion won ($324.9 million) order to build a floating storage unit for Samsung C&T , which will be delivered to the Middle East. STX Shipbuilding (067250.KS) said in a filing with the Korea Exchange the facility would be built within the next 35 months. Source: http://www.reut...
ThyssenKrupp AG is to put Hellenic Shipyards up for sale on April 1, as part of a shake-up announced last week when it was announced that a new group structure was being put in place. Now Kathimerini reports that part of the shake up will include the sale of the shipyard. The newspaper says the news has not taken the Greek government by surprise. It say...
ISRAELI business journal Globes and logistics website Port2Port report Zim Line plans to cut 70 jobs, which they said would amount to a 10 per cent staff reduction in Israel. Zim is also laying up 10 containerships in the 4,000-TEU range in the Philippines, the Israeli Sea Officers' Union told the shipping press. Union chairman Avi Levy said 70 shore j...
THE Monte Alegre, the ninth in a series of ten 5,554-TEU ships of the Monte class to be delivered to Hamburg Sud, has been christened in Buenos Aires. At the ceremony, the Monte Alegre's sponsor was Brigitte Oetker, wife of Arend Oetker, managing partner of Arend Oetker Holding GmbH & Co KG. The Monte Alegre will be phased into the shipping company...
GERMAN tourism and transport giant TUI AG announced that it has closed the deal on selling its majority stake in Hapag-Lloyd to the Hamburg investors group called Albert Ballin Holding GmbH & Co KG for EUR4.45 billion (US$6 billion). TUI has acquired a 43.3 per cent stake in the Albert Ballin and will receive EUR1.6 billion from that transaction, repo...
GRAND Alliance members Hapag-Lloyd, NYK and OOCL as well as non-member Zim have agreed to cooperate on a service from south China to US east coast via the Panama Canal starting early April, but subject to filing with the US Federal Maritime Commission (FMC). The rotation of the South China East Coast Express (SCE) service would be: Kaohsiung Shenzhen (She...
Local time Mar. 20, 2009 in Belgium, Mr. Kang Shuchun, CEO of SHIPPINGCHINA.com arrived at Brussels for one-day business visit upon the invitation of Mr. Chris Bourne, Executive Director of European Liner Affairs Association. Mr. Chris Bourne showed his welcome on the delegation’s visit. During the meeting, firstly Mr. Chris Bourne introduce...
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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