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China's Zhejiang Ouhua Shipbuilding has won an order for two 4,800 teu boxships plus two optional ships from Greece’s Thenamaris. Each of the ships will have a length of 250m, width of 37.3m and height of 19.6m. Construction of the boxships is expected to start in June next year at the Chinese shipyard, with the vessels scheduled for delivery in J...
Shipping firm Swee Joo will sell its entire fleet of four chemical tankers as part of an internal restructuring to improve its financial standing, reports said. The four tankers, owned by its subsidiary Asia Bulkers, were built at approximately $56m several years ago during the global shipping boom. Sim Mong Hong, group managing director of Malaysia-based S...
DP World's 2010 net income rose an impressive 35% to $450m from $333m a year earlier as the company prepares to submit a formal application for a listing of its shares on the London Stock Exchange. Throughput at terminals in which DP World holds a stake rose to 27.8m TEU from 25.6m TEU in 2009. Throughput at the company's flagship Jebel Ali port rose to...
The company that brought the world the super post panamax ship eight years ago has gone to the next dimension. Hong Kong’s OOCL signed a contract with Samsung Heavy Industries yesterday for the construction of six 13,000 teu vessels. The six container vessels are to be delivered by 2013. With the delivery of the 8,063 teu OOCL Shenzhen from the ...
Nearly 60 per cent of ships traversing the pirate-infested waters off Somalia do not adhere to the best industry management practice (BMP) guidelines, according to the International Maritime Organisation (IMO), according to Exim News Service. In light of this lack of compliance, the IMO’s Mr Ian Finley said, "Maybe flag states should make it (BMP) m...
On 22 March 2011, STX Finland Oy and Gaiamare Ltd signed a contract for the construction of an innovative and versatile multipurpose deck cargo vessel. The ship will be delivered during spring 2012 and has a length of 105 metres and a width of 19 metres. The environmentally friendly ship will provide work for about 300 persons. The concept development fo...
Frontline Ltd. has declared its option to acquire the 2002-built VLCC Front Eagle, currently chartered in from a German KG. The vessel has simultaneously been sold to an unrelated third party for $67 million. Frontline has in connection with the sale agreed to charter back the vessel from the new owner. The duration of the time charter is about two years...
The Wilh. Wilhelmsen group has launched its 150th anniversary vessel, MV Tønsberg, into operation. The Mark V class is the most sophisticated vessel ever built in the roll-on roll-off segment.03.23.2011– Oslo, Norway The Wilh. Wilhelmsen group has launched its 150th anniversary vessel, MV Tønsberg, into operation. The Mark V class is the...
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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