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India’s Shipping and Transport Minister T R Baalu has denied reports that the Indian government was considering privatising Cochin Shipyard in South India. “There is no proposal like that,'' Baalu said in a meeting at the upper house of the Parliament of India (the Rajya Sabha). He was responding to concerns raised by another minister regar...
Independent tanker operator has passed a double milestone in the first few weeks of 2009, taking delivery of the last of a series of 11 tanker newbuildings from Hyundai Heavy Industries in January, and the last in a series of three tanker newbuildings from Samsung Heavy Industries in February. The Hyundai-built vessels comprised seven 317,000dwt VLCCs (Ve...
The ship freight on International Waterways is continuously declining during the last few months. This is especially so for the Drybulk sector where the drop in freight/charter rates which commenced from August, 2008 took a steep fall in September, October, November and December, 2008. As far as liner sector is concerned, the decrease is ranging between 7...
Amid the economic crisis the requirements for double hull tankers do not reduce but get even tougher, PortNews IAA heard Aleksandr Misharin, deputy Minister of Transport, as saying at the enlarged meeting of the RorMorRechFlot (Russia’s Federal Agency of Marine and River Transport) in respect to requirements of international convention on tanker opera...
Kherson Shipyard commissioned dry cargo vessel Kaya Pioneer, designed by Odesa Marine Engineering Bureau, Context-Prichernomorie correspondent reports. The press-service of Odesa Marine Engineering Bureau informed the agency about it toady, 26 February, 2009. According to the press-service, this vessel is a one-deck, one-propeller dry-cargo having 4 car...
Lloyd List reported that COSCO Corp’s annual profits dropped 10% after it took a USD 61 million provision following requests for shipbuilding payment delays by several shipowners. Cosco Corp which owns 51% of Cosco Shipyard Group said in a statement on its full year financial results that “In light of the adverse global economic climate, the ...
Maersk Line has announced that the company's environmental initiative to switch to cleaner fuel at North American West Coast ports has reached the milestone of the 1000th vessel call. 111 vessels have participated since the program inception in 2006, press-release reports. The initiative has reduced Maersk Line fleet's vessel-related air emissions by ov...
Maersk Line has announced that the company's environmental initiative to switch to cleaner fuel at North American West Coast ports has reached the milestone of the 1000th vessel call. 111 vessels have participated since the program inception in 2006, press-release reports. The initiative has reduced Maersk Line fleet's vessel-related air emissions by ov...
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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