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Mitsui OSK has adopted the Hawk Eye crane safety monitoring system on the transfer cranes at the Tokyo International Container Terminal. The system was developed by MOL subsidiary Nihon Engineering Co in co-operation with the New Japan Radio Co and Palgiken Co, and is the first such monitoring system in the world to use a microwave sensor. Microwaves, w...
South Korea's financial watchdog plans to focus on restructuring ailing shippers so as to prevent their default risks from further deteriorating the economic condition, Xinhua writes. The watchdog plans to urge creditor banks to wrap up their credit risk assessments on ailing shippers by early May to promote the government's restructuring move, the Fin...
CMA CGM, China Shipping, Maruba and K Line have announced that their jointly operated SEAS 1 and SEAS 2 loops will be merged into one single string as of March 26th 2009. “On the Asia – Latin America trade, November to June is traditionally a slack season,” said Jean-Yves Duval, CMA CGM deputy vp for Latin America lines. “In order...
On March 5, STX Shipbuilding (S.Korea) launched a new tanker built for Primorsk Shipping Corporation, PRISCO press center reports. The new vessel will be named Prisco Elena. Several days before the Prisco Irina tanker returned from successful sea trials. Both vessels are a part of a series of seven 51,000-dwt tankers. The new vessels with breadth of 32 me...
The Panama Canal Authority (ACP) received proposals from three consortia that submitted bids for the locks construction, the most important contract of the Canal expansion project. The three bidders included: the consortium led by US’Bechtel-Taisei and Mitubishi from Japan, with the subcontractor Wuchang Shipyard from China; the consortium led by Sp...
The number of containerships sitting idle worldwide is said to have soared to an historic high of 453 ships, that is 1.35 million TEU or 10.7 per cent of the world's box tonnage, AXS-Alphaliner News reports. The result is up from 392 or 1.1 million TEU two weeks ago as cargo demand plummets and ocean liner services are suspended or scrapped because of t...
The Yangtze has continued to be world's No 1 cargo bearing river with a 1.2 billion tonne throughput in 2008, twice that of the Mississippi and three times that of the Rhine. This is the fourth year in the No 1 spot for the Yangtze, which streaks across Central China from Chongqing to Shanghai, said Xinhua. By the end of last year, aggregate throughput...
According to a new Russian federal law draft, use of the Northern Sea Route will be provided on a paying basis. As Barents Observer has reported earlier, a federal law on the Northern Sea Route has been under elaboration by the Russian State Duma. The draft has now been sent to the Russian Ministry of Transport for approval. The new law will help regulate...
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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