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GLOBAL Ship Lease, a containership charter owner, has announced that it has taken delivery of the 10,960-TEU CMA CGM Thalassa, adding to its fleet of 16 vessels, all on charter at fixed-rate long-term contracts with an average remaining term of 10 years and a weighted average age of just over four years. The delivered newbuilding is on a fixed rate 17...
PAKISTANI troops moving against Taliban guerrillas have intermittently blocked the one supply route through the Kyber Pass from Pakistan into Afghanistan. Transport facilities have been targets of repeated attacks in recent weeks, including the destruction of more than one hundred Humvees to be sent to troops in Afghanistan, reported American Shipper....
CHINA Shipping Container Lines managing director Huang Xiaowen was recently awarded the title of World Economy Outstanding Chinese Innovator on the Asia Pacific Annual Chinese-Economy Council for Investment Financing 2008. Mr Huang won the award for China Shipping Container Lines' leading position in the world shipping market and its far-reaching bran...
NIGERIA's outdated legislation, equipment shortages, epileptic power supply, unreliable IT infrastructure, failure to streamline security agencies and dishonesty are reasons why the 48-hour cargo clearance target remain unachieved at the nation's seaports, reports The Punch, of Lagos. APM Terminals Apapa Ports managing director Michael Hansen was cite...
THIS year should be no worse than last with the economy picking up in 2010, according to David Turnbull, former CEO of Cathay Pacific Airways, and today's chairman of Seabury Asia, a Hong Kong consultancy covering aviation companies We do not foresee that 2009 is going to be much better or worse than 2008 - it will be more or less the same, said Mr Tu...
A French warship on Sunday reportedly prevented attempts by pirates from seizing two cargo ships in the Gulf of Aden. Agence France Presse quoted the French president's officer as saying the frigate Jean de Vienne had conducted a decisive action against two new attacks and seized 19 Somali pirates. More than 100 pirate attacks occurred off t...
Chinese authorities have informally indicated plans to allow a grace period of three to six months before enforcing a rule that container lines electronically file manifests 24-hours prior to loading at a foreign or domestic port, according to OOCL and several maritime industry sources. In a customer advisory posted on its Web site, Hong Kong ...
EVERGREEN Group chairman Chang Yung-fa said his container shipping lines and EVA Airways will cut costs during the slowdown, but he is certain of continuing profit to come. Mr Chang was cited as saying in Taipei's Economic Daily News that the Taiwanese transport group was not expecting layoffs in 2009 and was hopeful market recovery in 2011. ...
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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