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TAIWAN's Yang Ming Marine Transport is preparing to commence a second East Mediterranean feeder service in January. The new weekly TIX2 service will deploy two 1,800-TEU ships on a port rotation of Port Said, Istanbul, Haydarpasa, Izmi, Ashdod and Port Said. The TIX2 is expected to complement the carrier's existing TIX service, which uses a...
SHIPPING lines in the Transpacific Stabilisation Agreement (TSA) after a Hong Kong meeting this week warned shippers they could not expect rock bottom freight rates to continue after January. No one should expect to see freight rates extended at current levels in 2009-10 contracts. To maintain current rates over an 18-month time frame would threa...
TAIWAN-based container shipping line Evergreen is to enhance its North China service network by adding Tianjin into its China-South US West Coast-China Service (CPS) from early January. The 6,332 TEU Hatsu Envoy will sail on 2 January from Tianjin operating a weekly service with rotation as follows:Tianjin - Shanghai - Ningbo - Qingdao - Los Ange...
The Zvezdochka shipyard in Seveodvinsk, Arkhangelsk Oblast, hopes for an extended industrial cooperation with Chinese military authorities. Last week, the company director accompanied Russian Minister of Defence Anatoly Serdyukov to the great eastern power. Company director Vladimir Nikitin last week visited China together with Defence Minister S...
Atlas Shipping, Copenhagen, has filed for bankruptcy after losing USD 3 million per week in the weakened bulk market. Atlas Shipping has been operating as a time charter operator in the bulk market since the company was founded in 1996. At the time for the bankruptcy Atlas Shipping operated 41 ships and had 25 employees. Through a subsidiary Atl...
German owners of container vessels has started a mutual fund for economic compensation to vessels laid-up. Initially the fund has gathered one-vessel owners with a total of 140 ships, writes Lloyd’s List. According to the latest estimates, there are around 150 container vessels laid up around the world, a more is to come. Members can expect a cover o...
Here's a sign of the current shape of the shipping industry: classification societies are publicizing their advice on how to lay-up ships. Germanischer Lloyd said it has just released a guide outlining major methods and procedures involved in ship lay-ups; Seatrade Asia said last month that the U.K.'s Lloyd's Register has also put together a ...
China is planning to send navy vessels to the Gulf of Aden to fight pirate attacks off the coast of Somali, a Foreign Ministry spokesman said on Thursday according to RIA Novosti. China's Global Times newspaper said that Beijing would send three ships to the Gulf of Aden in the near future, although that figure has not been confirmed. The Global Times...
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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