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HONG KONG's container shipping line, OOCL, has held a christening to mark the delivery of its seventh panamax containership in a series of sixteen 4,500-TEU vessels on order from South Korean shipbuilder Samsung Heavy Industries. The new vessel, christened the OOCL Norfolk, has not been assigned a trade lane for deployment. OOCL has an invaluable ...
MAERSK Line has announced plans to raise bunker fuel surcharges from March 1 from US$140 to $150 per TEU on Middle East-South Africa routes and from $265 to $295 per TEU on the Far East-South Africa routes based on increases in oil prices and determined by the Maersk BAF calculator During the fourth quarter 2008, the industry experienced declining fre...
SINGAPORE's Neptune Orient Lines (NOL) has posted an 84 per cent year-on-year net profit loss in 2008 of US$149 million compared with a profit of $196 million the previous year. Revenue rose 14 per cent to $9.3 billion, but the global downturn and significant restructuring costs drove the company into loss, and into its first quarterly deficit in six ...
In 2008, vessels of Volga Shipping OJSC carried 6.9 million tonnes of cargo (-1.4%, year-on-year), the company reports. Cargo turnover of Volga Shipping amounted to 10 bln t/km (-9.2%). Export accounted for 1.9 million tonnes (-24%, year-on-year). The volume of cargo transported by rivers and lakes amounted to 3.6 million tonnes (+24%). Tr...
GAC Group has announced the establishment of Moscow-headquartered GAC Shipping & Logistics, consolidating the company's existing facilities in Novorossiysk and St Petersburg. The new company not only consolidates Gulf Agency Co Novorossiysk and GAC St Petersburg, it also adds a third branch office at the new port of Taman on the Black Sea where t...
Delegates at the United Nation's shipping agency will likely agree at a meeting in March that it is mandatory for flagship countries to check how energy efficient a new ship is, the chairman of the meeting said on Monday. But how much further the sector's energy efficiency should improve to cut greenhouse gas emissions in coming years is to be di...
Orient Overseas International Limited, the owner of Orient Overseas Container Line, has told Reuters it will slash capacity by 25%. Chairman of the Hong Kong-listed company Tung Chee-chen expects the firm’s container traffic to fall by 20%-30% in early 2009, OOCL takes delivery of 10 new vessels this year, mainly towards the back end of 200...
China's State Council, the Cabinet, adopted a boosting plan Wednesday for the country's ship building industry. The plan was reviewed and approved at a State Council executive meeting chaired by Premier Wen Jiabao. Attendees of the meeting also reviewed and approved a draft plan for fighting drought. Source: http://english.people....
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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