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Mærsk Line making savings on fuel costs by sailing slower. Mærsk Line has introduced several initiatives to cut back on its fuel costs as a result of high fuel prices and will make considerable savings already this year. According to Mærsk Line Chief Operation Officer Morten Engelstoft, the company has both introduced a new fuel tariff in commerc...
IHC Merwede shipbuilding group in The Netherlands has announced that the Group has acquired new orders worth some Euros 300 million. These include orders for: a 4,200m³ trailing suction hopper dredger for the National Port Authority of South Africa, a 2,400m³ trailing suction hopper dredger for a client in Angola, a 2,400m³ tra...
China's shipbuilding industry received 98.45 million deadweight tons (DWTs) in new orders, accounting for 42 percent of the global total, said Zhang Guangqin, chairman of the China Association of the National Shipbuilding Industry (CANSI) on the Nantong Shipbuilding Industry Development Forum. He said China completed its 18.93 million DWTs in 2007, ac...
South African police have arrested 14 people in connection with the theft of five ocean containers in August in the Port of Durban, South Africa's biggest container gateway. The containers, being shipped from Korea to Johannesburg, were carrying roughly $75,000 worth of electrical appliances, South African news agency SAPA reported. The accused are sa...
Danaos Corp. said it took delivery this week of the Zim Sao Paolo, a 4,253-TEU containerships. A sister ship, Zim Rio Grande was delivered in July. Both vessels were built by Samsung Heavy Industries and delivered about a month earlier than scheduled. Each vessel has already commenced its 12-year time charter at fixed rates immediately upon delivery. ...
The head of an Iranian shipping line sanctioned this month by the U.S. Treasury Department as helping to proliferate weapons trade said this week that the sanctions will only have a minimal impact on the company's business. Mohammad-Hossein Daajmar, director of Islamic Republic of Iran Shipping Line, told the Financial Times the carrier has conducted ...
The sale of a 50 percent stake in South Korea's Daewoo Shipbuilding and Marine Engineering Co. is being hindered by collapsing global markets, the Korea Herald reported Wednesday. Government entities Korea Development Bank and Korea Asset Management Corp. own a 50.4 percent share of the shipbuilder but recently announced their intent to sell that shar...
A senior executive of APL has called on individual container lines to take decisive action to reverse the current market downturn. Dan Ryan, APL's Greater China president, speaking at the second Containerization and Liner Shipping China conference in Tianjin, said that a negative scenario of financial market turmoil, low consumer confidence as well as...
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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