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Shipper advocate organizations are expected to ask the U.S. Federal Maritime Commission to question transpacific container lines’ need to jointly discuss capacity among themselves through a discussion agreement that covers about 85 percent of the trade. The Transpacific Stabilization Agreement on Dec. 18 filed an amendment to its agreement on fi...
It took 34 years for the in-service fleet of LNG carriers to reach 100 vessels and a further eight years for it to break through the 200-vessel barrier. Now, the 300-ship mark has been reached just over two and one-half years later, according to LNG World Shipping, the specialist London-based publication devoted to LNG carrier design, construction and ope...
STX Europe has signed contracts for modernising a cruise vessel for Carnival Cruise Lines and two tankers for Neste Shipping. MS Sensation of CCL will get 98 additional passenger cabin balconies as well as new black and grey water piping during the retrofit. MT Palva and Stena Poseidon of Neste will get crew accommodation refurbishing. The work on...
Nigeria’s federal government are to seize all goods imported into the country that are under-declared by importers as part of new efforts to tackle the problem of port congestion. According to the Nigeria Customs Circular No: 26/2008, the government has given a 2-week grace to all importers engaged in the under-declaration of imported goods to rectify the...
In order to fund further acquisitions under planning, Nordic American Tanker Shipping Ltd. today announced an underwritten public offering of 3,000,000 common shares. The common shares are being offered pursuant to the Company's effective shelf registration statement. Morgan Stanley is acting as the bookrunning manager for the offering. The Company exp...
Neptune Orient Lines (NOL) said today it will relocate its Americas regional headquarters to the greater Phoenix, Arizona, area during the second half of 2009. The headquarters shift is part of NOL’s global strategy to place its cost structure on a more sustainable footing in the face of the current economic downturn, while continuing to provide the h...
Christian Lange has become the managing partner of Faststream AS, the Oslo based arm of international maritime recruitment specialist Faststream Recruitment Ltd. Commenting on the appointment, Faststream Group CEO Mark Charman said: “Christian is a shipping man through and through with years of shipbroking experience under his belt who really un...
Taiwan's Evergreen Marine plans to order 100 containerships for US$5.5 billion to replace its 30-year-old ships in the belief of global economic recovery in 2012, reports Taipei's Economic Daily News. The owner of the world's fourth biggest container shipping company, Chang Jung-fa, was cited as saying he expects the global slump to end in the second...
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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