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For the second time this year, shipping companies operating in the domestic trade are reducing their bunker surcharge, the Maritime Industry Administration said. Starting March 16, 2009, the bunker surcharge will be reduced by 10.41 percent. It may be recalled that on February 1, 2009 a 19.67 percent cut was implemented by shipping companies such as Loren...
The Primorye fishing industry will get significant Federal support in 2009. According to Igor ULEISKIY, the vice-Governor of the Primorsky Territory, it is the first program on supporting of the fishermen in Russia and it is a great stride in the national fishing industry development; the press service of the Primorsky Territory Administration informs. In t...
TransContainer has repurchased 96.1 percent of its debut bond issue under a buyback offer, Russian Railways' container shipping subsidiary reported according to RBC. A total of 2,883,253 bonds worth over RUB 2.896bn (approx. USD 82m) including coupon interest on these securities have been repurchased as part of the transaction. This refers to TransContai...
Offshore is set to play a far more pivotal role for the world’s fourth largest shipyard. South Korea's STX Shipbuilding has changed its name to STX Offshore and Shipbuilding. With its global portfolio of yards STX is aiming to play a big role in the construction of drillships, FSUs, LNG FPSOs, etc. Source: http://www.seatradeasia-online.com &...
The Japanese government plans to propose a global levy on marine fuel to fight climate change, an industry source familiar with talks under the U.N.'s shipping agency said on Friday.The proposal Japan will present to the International Maritime Organization (IMO) in April also includes a plan to pool the charges and, as an incentive, refund part of the mo...
Container traffic in Singapore's port slumped 19.8 per cent in February compared with a year ago as the shipping industry is hit hard by the ongoing decline in worldwide trade. The container traffic through the city-state's port reached 1.85 million 20-foot equivalent units in February, down from 2.31 million units in February last year, according to pr...
The European Commission filed a complaint against Estonia to the European Court of justice because Estonia has not fulfilled its obligation to adopt the legal norms enacted in the directive on ship-generated waste and cargo residues, writes the National Broadcasting/LETA. Press spokesperson of the Ministry of Foreign Affairs Kersti Luha stated that Esto...
CHINA SHIPPING CONTAINER LINE (CSCL), announced it has selected GT Nexus as its preferred industry portal for e-commerce services. CSCL will fully integrate its back office systems to GT Nexus to enable complete paperless business transactions with major shipper and forwarder customers. In the containerized shipping industry, e-commerce has matured to the...
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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