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AN unprecedented campaign by the world shipping community has resulted in the release of two Indian tanker officers from South Korean jail pending an appeal after being convicted of being guilty of the worst oil spill in the country's history. Jasprit Chawla, master of the Hubei Spirit, and his first officer Syam Chetan, were released after the Suprem...
THE US Freight Transportation Services Index (TSI) showed its lowest November reading since 2003, reported the US Department of Transportation's Bureau of Transportation Statistics (BTS). The November 2008 freight TSI level was 2.4 per cent lower than the November 2007 level of 110.2. The freight index is, said BTS as reported by the UK's Transport In...
The U.S. Maritime Administration said that with Barack Obama's inauguration on Tuesday, Sean T. Connaughton's tenure as maritime administrator will end. MarAd said James E. Caponiti, the agency's assistant administrator, will become acting deputy maritime administrator. Caponiti is a member of the federal government's senior executive servic...
Japanese carrier MOL said Monday it is suspending plans to start a standalone service from Asia to the East Coast of South America, and has instead revised the port rotation of its CSW service, which it operates with Singapore carrier PIL. MOL had announced the independent service in October, but a drastic fall in demand in the last quarter of...
Despite the current economic downturn, shipping is still a good business to be in, and that resourceful investors will find opportunities to expand, or to get back into shipping, over the next 12 months, said shipping accounting firm Moore Stephens. Yes, 2009 will be a rough ride for everyone, said Julian Wilkinson, head of the Moore Stephens shipping...
MARKET conditions in the container trade from Asia are unlikely to get much worse this year, but little improvement can be expected either, according Hong Kong's JP Morgan analyst Johnson Leung. We do not expect any meaningful improvement this year, but we believe the trade is unlikely to get a lot worse, as operators are likely to save on some losses...
CONTAINER traffic at the two busiest southern California ports of Long Beach and Los Angeles have registered a significant decline in 2008, with December's throughput plummeting as the global economic crisis intensified. Long Beach registered an 11 per cent decrease in total container traffic for the whole of last year at 6.5 million TEU, marking the ...
Hyundai Heavy Industries said this week it has completed construction of a T-shaped dock at its shipbuilding facility in Ulsan, a southeastern port city of Korea. The new dock was invented after the middle part of an existing dock had been expanded by 25 percent. It's expected to enhance productivity by more than two times, according to the world's t...
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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