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A spokesman for tanker magnate John Fredricksen, said TUI AG should consider postponing the sale of its Hapag-Lloyd unit, reports the German newspaper Die Welt. The paper quotes Fredricksen associate Tor Olav Troim as expressing skepticism that TUI will be able to obtain an acceptable price for Hapag-Lloyd in the current economic climate. Fredri...
By 2011, at least 32% of total shipbuilding orders within the backlog of Russian companies are likely to be transferred to a leasing basis according to the Strategy for Development of Shipbuilding Industry till 2020 and Later, PortNews IAA learnt from Arseni Brykin, head of Economics and Forecast subdivision, Department of Shipbuilding Industry and M...
DryShips Inc. said it plans a major expansion and has entered into agreements to take over the equity interests of single-purpose companies owning four existing Capesize dry bulk carriers and five ships due to be delivered in 2009 and 2010. The ships are being acquired from entities controlled by clients of Cardiff Marine Inc., including George Econom...
Italian shipping company Grimaldi Group, parent of Atlantic Container Lines and a large operator of ferries and short sea shipping vessels in Europe, has launched an offer to buy the shares in Greece's Minoan Lines it does not already own. Reuters said the offer was triggered by law after Grimaldi acquired more than one-third of the Greek ferry compan...
The U.S. Maritime Administration said it is making information on the condition and performance of the Marine Transportation System -- including U.S. ports, vessels, waterways and intermodal connections -- available through an Internet site. Access to the site is free, but the government is requiring users to apply for a subscription and state why the...
A new maritime museum created by Chang Yung-Fa, founder of Evergreen Group, will open Tuesday in Taipei. The Evergreen Maritime Museum will be the largest maritime museum in Taiwan, encompassing 10,500 square meters. It will exhibit maritime artifacts and paintings collected by Chang from around the globe over 20 years, as well as nautical instrume...
A.P. Moller - Maersk Group said its Odense Steel Shipyard has named its latest newbuilding, a 7,000 TEU containership, Mette Maersk. It is the fourth in a series of six M-class container ships, and was named in a ceremony in Lindo on Saturday by Yumiko Arakawa, wife of Shoshi Arakawa, chairman of the board, chief executive and president of Bridgestone...
Two foreign companies that own and operate the oceangoing chemical tanker Nautilus, together with the ship's chief engineer, were indicted today in federal court for allegedly covering up discharges of oil-contaminated waste at sea. Consultores De Navegacion, S.A. a Spanish company, Iceport Shipping Co. Ltd. of Cyprus, and chief engineer of the ship w...
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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