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French carrier CMA CGM announced that it will pay officers and crews of its container vessels a high-risk bonus of 100 percent of their base salaries and wages while they are passing through the Gulf of Aden because of the danger posed by Somali-based pirates. The French carrier said 65 of its container ships pass through the Gulf of Aden each mo...
A Russian destroyer will visit on December 5-10 a former U.S. naval facility in Panama as part of the task force's current Caribbean tour, a Navy spokesman said on Wednesday. The Udaloy class destroyer Admiral Chabanenko participated this week in the VenRus-2008 joint Russian-Venezuelan naval exercise in the southern Caribbean as part of a task force ...
For the first time ever, Pakistan may opt for German submarines with a formal agreement for the purchase of three Type 214 HDW subs now awaiting signature. According to media reports, the deal may be worth more than $1 billion (773.7 million euros) to the German ship designer and shipyard Howaldtswerke-Deutsche Werft GmbH (HDW. Reports suggest th...
Danish shipping and oil group A.P. Moller-Maersk is taking eight container vessels out of service due to poor market conditions amid persisent downward pressure on freight rates. The 6,500 twenty-foot equivalent unit vessels will be laid up until May or June next year, mostly in Asia, the company's container shipping unit Maersk Line said on Thur...
STX Europe, formerly Aker Yards, says it will design and provide ship's equipment for four platform supply vessels to be built by the Japanese shipbuilding group Universal Shipbuilding Corporation (formerly NKK Corporation and Hitachi Zosen Corporation). The vessels have been ordered for Sanko Line for delivery between 2010 and 2012. With these n...
Panama Ship Register's fleet grew by 7.28% in terms of vessel number, in the first 10 months of this year to a total of 8,159 vessels and by 7.25% in gross tonnage, to 180.18m gt, according to the Panama Maritime Administration, quoting Lloyd's Register statistics. Newbuildings accounted for 50% of the increase. As at the end of October the main ...
In January-September 2008, transport vessels of Azerbaijan State Caspian Shipping Company carried 8.540.9 million tonnes of cargo (+12.6%, year-on-year), PortNews IAA learnt from the company’s press center. In the reported period, tankers carried 5.776.5 million tonnes, ferries – 1.316 million tonnes and dry cargo carriers – 1.448.4 million tonnes of c...
The Baltic Capesize (BCI) and the Baltic Panamax (BPI) Indexes plunged to all-time lows yesterday, putting enormous pressure on those owners with a heavy spot market exposure. The BCI fell to 830 points, while the BPI dropped to 559 points, down 31 from Monday. Overall, the Baltic Dry Index (BDI) marked its 10th straight downward session, now sta...
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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