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A boat carrying a group of radical anti-whaling activists collided with a Japanese whaling vessel in the Antarctic Ocean on Friday in a clash Japan condemned as “unforgivable.” No-one was injured. Activist Paul Watson of the Sea Shepherd Conservation Society said his boat was trying to prevent a Japanese ship from dragging a whale on board when a...
AP Moller-Maersk cut its 2008 profit forecast after a big drop in profits at Danske Bank yesterday, but its shares rose as investors saw hints that core operations performed as planned. The Danish shipping and oil group owns 20 per cent of Danske Bank, which earlier yesterday reported a 93 per cent drop in 2008 profit. Maersk now forecasts a 2008...
Japanese carrier MOL announced plans to implement a rate increase for cargo moving on its services from India to East Africa. The carrier in a trade notice said the increase will be $300 per TEU, to be applied when its vessel, the PAC Antlia, calls the Port of Jawaharlal Nehru on Feb. 21. The rate hike is necessary, MOL stated, to offset a ...
Despite the economic downturn, finding sufficient numbers of seafarers will remain a major challenge for the shipping industry, said a just-released report prepared by Drewry Shipping Consultants, in conjunction with Precious Associates Ltd. Newbuilds may be cancelled, the order book may not be delivered and older vessels may be scrapped reducing the ...
The explosion in piracy has reached the point where the International Association of Independent Tanker Owners (Intertanko) has come up with model piracy clauses that can be inserted into chartering agreements. Many current charter parties will not have anticipated the possibility of the vessel being hijacked, the group said. Owners should therefore c...
Zim Integrated Shipping Services said it is conducting negotiations with shipyards with the goal of canceling the purchase of a portion of the ships that it has ordered or to defer delivery dates. Israel Corp., which owns 99 percent of Zim, said in a letter to the Tel-Aviv Stock Exchange Thursday that it is also seeking to reschedule ...
The European Commission said Friday it has approved the proposed acquisition of Hapag-Lloyd from the tourism company TUI AG by an investor group based in Hamburg that includes Kühne Holding AG, and HGV, a holding company for business activities of the City of Hamburg. After examining the operation, the commission concluded that the transaction wo...
THE total global capacity of idle containerships has reached 800,000 TEU, representing 6.5 per cent of the world fleet, and the numbers are still rising, according to the latest figures compiled by AXS-Alphaliner News. The number of idle containership as being the highest recorded in the history of container shipping, and twice the 3.2 percent recorde...
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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