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The International Maritime Bureau says 166 crew on nine hijacked ships are still being held off the coast of Somalia, not including the German tanker seized Thursday, the MV Longchamp and its 13-man crew. The other ships include: _ Ukrainian cargo ship MV Faina, seized in September. The pirates had originally asked for $20 million for the shi...
The Danish Trafikstyrelsen has awarded Nordic Ferry Services A/S the contract for the ferry service to Bornholm, for the period from September 1, 2011, to August 31, 2017. Nordic Ferry Services will introduce some changes, the route from Rønne to Ystad will only be operated by HSC-ferries – at present Villum Clausen and a new ferry that is 50 per cen...
DryShips Inc , a Greek dry bulk carrier whose bankers have said it is in breach of some debt covenants, said it cancelled the purchase of a ship in a bid to reduce its capital expenditure to save cash. The cancellation will further reduce its 2009 capital expenditure by $46.9 million, and also paves the way for discontinuing an arbitration it had...
The member lines of the Grand Alliance, Hapag-Lloyd, MISC Berhad, NYK and OOCL, have decided to suspend their EU5 Service between Europe and Asia with immediate effect. The weekly service has been operated by eight vessels with an average capacity of 3,300 TEU. Ports of call have been Shanghai, Ningbo, Xiamen, Singapore, Amsterdam, Hamburg, Southampton, S...
ABG Shipyard Ltd, the largest shipbuilding company in the country, has reported a 54.3 per cent in its EBIDTA to Rs 124.7 crore in the third quarter of 2008-09, as against Rs 80.8 crore during the same period of 2007-08. According to Exim News Service, the net sales during the quarter rose by 77.8 per cent to Rs 488.9 crore from Rs 275 crore in the co...
Hanjin Shipping announced that it is taking delivery of two 4,300TEU ships, Hanjin Atlanta and Hanjin Gdynia, the 6th and 7th of a series of eight 4,300TEU vessels ordered from Samsung Heavy Industries in 2005. These two state-of-the-art ships with fuel-efficient and eco-friendly engines are scheduled to be deployed in the company's Asia-U.S. and Far...
APL has consolidated four U.S. regions into three as part of an overall effort to restructure its Americas business. The liner carrier, a subsidiary of Singapore-based NOL, has divided oversight of its southern region activities among the existing eastern and central regional offices, effective Feb. 1. The southern region includes 14 st...
Shipping investor Nobu Su plans to offer his fleet of 20 supertankers to speculators to store crude and bet that prices will appreciate later in the year. Su's Taipei-based company, TMT Co. Ltd., will lease out its 2 million-barrel vessels at below-market prices in return for a share of any profit from the trade on the oil. His fleet, able to hold enough ...
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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