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South Korean shipbuilders expect to post combined exports of $53 billion next year, up 23 percent from 2008, an industry association said on Tuesday. The estimate would make shipbuilders the nation's top exporter, replacing electronics makers and contributing more than 10 percent of total exports, the Korea Shipbuilders' Association said in a rel...
ASRY’s Chairman Shaikh Daij Bin Salman Al-Khalifa says that the Qatar shipyard is to invest US $188m in new facilities. The new investment follows the recent opening of two new slipways built at a cost of $20m The planned further new facilities will include a 1.2 km repair quay, with an alongside water depth of 12m, a 200,000 sq m offshore fabric...
In order to inspire growth in investment and increase profitability for benefit of the national economy of the state of Qatar and its investing public, both Qatar Navigation and Qatar Shipping received a direction from the government of Qatar to merge, the statement said. The boards of directors of both firms will study all requirements in order to procee...
About 2.2 percent of the world containership capacity is idled --115 ships with 270,000 TEUs of capacity -- said AXS Alphaliner. In its Nov. 24 newsletter, the information service said the total is about double the 150,000 TEUs in layup a month ago. Seventy of the 115 ships are charter market vessels awaiting employment. With the clos...
Marine insurers are facing challenging times, the exiting chairman of the American Institute of Marine Underwriters said at its annual meeting last week. While recent marine insurance results have been good relative to the overall property/casualty industry, there are several pressures that threaten our business and must be managed, said Richar...
Carriers in the New World and Grand alliances on Tuesday said they would cooperate on a revised Asia/U.S. East Coast service from Dec. 3 as slowing demand has necessitated pullbacks in capacity. The move will see nine ships, rather than eight, deployed on the New World Alliance's NYX service, which connects ports in China, Taiwan, Hong Kong a...
Two ship owning associations on Monday called for greater international military action to stop a major escalation of piracy in the Gulf of Aden even as governments continue to press vessel operators to take more responsibility for their own protection. Several countries and NATO have sent naval forces to the maritime corridor off the coast of Som...
COSCO Pacific said this week that throughput for its 20 terminals was up 14.1 percent in October compared to the same month in 2007. In raw numbers, the China-based terminal operator saw volume climb from 3.4 million TEUs to 3.9 million TEUs during the month. Meanwhile volume year-to-date has climbed 20.7 percent, from 31.6 million TEUs to 38.1 milli...
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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