Maersk Line changed the port rotation of its weekly Euromed Service that covers the trade between Europe and the Mediterranean. The carrier has dropped the existing call at Tangier, Morocco, and instead, added calls at Algeciras, Spain, as well as Port Said, Egypt. The revised rotation is Ashdod, Valencia, Felixstowe, Rotterdam, Bremerhaven, Algeciras, ...
Singamas Container Holdings Ltd., the world's second-biggest maker of boxes for shipping goods, cut staff by more than a third and slashed capacity as a slump in global trade reduced demand for containers. The company reduced its workforce to 8,000, chief executive officer Teo Siong Seng told reporters here yesterday. Singamas shuttered plants and cut ...
The government is preoccupied with saving larger shipyards with many smaller ones in jeaopardy which could well present an opportunity for some, says Mao Yongbong, president of Hubei Baibuting Group. His firm has acquired and is reorganizing six private shipyards and is hunting for more, he told local business website Caijing Wang. The six yards under his...
Wartsila, a ship power system integrator of the marine industry, and IHI Marine United Inc. (IHIMU) of Japan, have concluded a co-operation agreement. Under the agreement, Contra-Rotating Propeller (CRP) systems developed by IHIMU will be incorporated into Wartsila's propulsion solutions used on board diesel-electric driven ships. The co-operation agreem...
Turkey’s growing shipping industry needs government support to survive harsh global conditions, says Metin Kalkavan, chairman of the Turkish Chamber of Shipping, Hurriyet Daily News reported. Turkey’s shipping industry needs state support in order to be more competitive in the future, Metin Kalkavan, chairman of Turkish Chamber of Shipping said...
Shipping has entered an era characterised by cancellations, lay-ups and debt. As many as 8,000 vessels could be affected in the next few years, Maritime and Energy.com reported. But even if the current situation is bleak, maintaining a long-term perspective will make everyone in the shipping industry better prepared once the present situation has stabilised...
The International Shipping Federation (ISF) and the International Transport Workers’ Federation (ITF) are pleased to announce that agreement has been reached on principles for a mandatory solution to the matters of liability and compensation regarding claims for death, personal injury and abandonment of Seafarers at a specially convened Joint ILO/IMO ...
The Odense Steel Shipyard had their very last container carrier towed out from the shipyard yesterday for sea trial. The construction of this ship and a number of sisters has generated a deficit of DKK 562.3 million in 2008. However, it’s much better than in 2007, when the deficit was DKK 827 million. The turnover fell from DKK 6.6 billion in 2007 t...
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