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China Shipping Development shares jumped nearly 15 percent on Wednesday after it reported better-than-expected contract freight rates for 2009 and announced plans to launch a LNG joint venture. The energy and iron ore shipper said earlier in the day that it would shortly sign an agreement with the parent of PetroChina to set up a $5 million joint v...
The European Metal Workers Federation (EMF) called on major Turkish shipping and shipyard owners, who met Tuesday at a forum in Istanbul, to ensure that profits are not placed ahead of the health and safety of workers, as fatal accidents in the country's shipyards continue. Major Turkish shipping and shipyard owners met at the Mare Forum Istanbul 2009 t...
A container ship lost 30 containers of chemicals in heavy seas off eastern Australia on Wednesday morning, maritime officials said. Officials were trying to access the damage caused by the spill of ammonium nitrate and any effect it would have on marine life, a statement from Maritime Safety Queensland said. We've spoken to the ship's captain and he w...
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 collapse of a major container shipping line would cause a chain reaction of defaults in the industry, according to New York-based Gerson Lehrman Group analysts. Particularly, at a time when cargo demand on the main trade lanes are at historically low levels, record numbers of vessels idle despite more newbuildings entering the global fleet, freight rate...
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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