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Somali pirates have released a chemical tanker hijacked in November after payment of a ransom of $2 million, Tunisia's transport ministry announced on Thursday, AFP reports. The Hannibal II, whose 31 crewmembers are mostly Tunisian, is currently on its way to Djibouti in the Red Sea, the ministry said. "This release comes after the success of negotiation...
FEDEX unit FedEx Ground has started to build a US$55 million distribution centre, covering 19,974 square metres in Norcross, Georgia, 20 miles northeast of downtown Atlanta. Open late 2012, it will have automated materials handling technology designed to process 15,000 packages per hour and be able to handle 75 pick-up and delivery vans per day. The wo...
THE US Secretary of State, Hillary Clinton, has called for a "serious reassessment" of policy after the recent escalation of violence from pirates off Somalia, according to Kurt Amend, the State Department's principal deputy assistant secretary for political and military affairs. His comments before a congressional hearing were prompted by the killing of...
JAPAN's shipping group NYK is to provide an offshore platform in its vessel Yamatai to ship relief supplies to victims of the Sendai earthquake and tsunami. The NYK established the Great Tohoku-Kanto Earthquake Task Force during the aftermath of the 9.0 magnitude earthquake and tsunami that reached heights up to 10 metres to hit Japan's east coastline. ...
LONDON shipping consultant Drewry has advocated shippers and carriers should signed longer-term service contracts, pegging rates to container indices - such as Shanghai's - to reduce instability and price volatility. Drewry Supply Chain Advisor division director Philip Damas told American Shipper that long contracts, ranging from 18 to 24 months, can hel...
Danish shipping and oil group A.P. Moller-Maersk told Reuters on Thursday its vessels would not enter or pass through an offshore area close to an overheating nuclear plant in Japan. "We have defined an exclusion zone -- off shore from the Fukushima nuclear power plant -- where vessels are not to enter or transit," Maersk group press officer Michael Chris...
Pacific Shipping Trust (PST) has on Thursday secured financing commitments for a total of $132m from three banks to fund its purchase of five new bulk carriers. OCBC, Standard Chartered Bank and ING Bank will provide the loan for the five 57,000 dwt supramax bulk carriers, which have been time-chartered to Glovis for eight to 10 years. Last November, the Si...
SHIPPING firms operating in Nigeria that refuse to comply with the Nigerian Port Authority's (NPA) Cargo Tracking Note (CTN) will be heavily fined. NPA managing director Omar Suleiman said a letter was sent to shipping companies, saying: "Notice is hereby given that all shipments not covered by CTN will attract a 100 per cent penalty payable by the carr...
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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