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A Yemeni cargo ship hijacked by Somali pirates is due to be released without ransom following negotiations between hijackers, local elders and provincial officials, a minister said on Monday. The MV Amani was seized in the Gulf of Aden on November 25. No other details about the vessel or its crew are available. No ransom was paid, but after negotiati...
Golden Ocean Group Ltd., the shipping line chaired by Norwegian billionaire John Fredriksen, said more than a fifth of the world’s fleet of capesize vessels for hauling coal and iron ore has been idled after fees collapsed. Shipping rates slumped after a 20-30 percent cut in global steel output cut demand for deliveries of iron ore, and a freeze on c...
The Vietnam Maritime Administration plans to dig a nine-kilometer canal and dredge an existing one to link Can Tho in the Mekong Delta with the sea to boost exports, according to local media. Drafted together with Portcoast Consultant Corporation and to be submitted to the government soon, the plan envisages creating a 40-kilometer waterway to th...
Drydocks World is confident it will have all the paperwork out the way to get cracking on its China debut by year end. Denis Welch, ceo, Drydocks World, Southeast Asia, told Seatrade Asia Online that he was meeting with Chinese officials today to close in on the yard in Jiangsu province near Nanjing on the Yangtze. The yard has been wholly owned ...
The Islamic Development Bank (IDB) has stated it is interested in spending US$2.04 billion on the construction of the Gabion Container Terminal (TPK), Belawan port, North Sumatra, Bisnis Indonesia reported. The project will make Belawan an international-scale hub port. One of the driving factors behind the decision is the port's proximity to ...
Japan's shipping industry would incur more than US$100 million in extra costs if its vessels change their routes to avoid rampant piracy off Somalia, an industry group said yesterday. Some Japanese ships have taken a route around the Cape of Good Hope instead of through the Red Sea following dozens of pirate attacks this year in waters off Somal...
Russia’s gas production reached 54.351 billion cubic meters in November as against 58.193 billion cubic meters over the same period of last year, the Prime-Tass business news agency said with reference to the materials of the central dispatcher control department of the fuel and energy complex. In November the country’s gas exports totalled 12.42...
Private Chinese yard Sinopacific Shipbuilding is in Hamburg this week holding talks with clients to assure them it can deliver ships on order, the Financial Times reports. The Shanghai-based company, which employs more than 10,000 people, called the meeting in response to industry speculation, possibly fuelled by some of its suppliers, that it mi...
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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