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AP Moller Maersk subsidiary Safmarine has confirmed it has placed an order for four 18,000 dwt multi-purpose vessels with Wuhu Xinlian Shipyard . The deal includes an option for another four vessels with the option having to be declared in the next few months. The confirmed vessels will be delivered from Q4 2010 onwards through to Q2 2011. A Safmarine...
Wartsila has received major orders for its recently established Wärtsilä Ship Design unit. The orders were received from customers in China, India and Germany. The Ship Design unit was set up following the acquisitions of the ship design companies Vik-Sandvik and Schiffko. The most recent acquisition, the Singaporean based Conan Wu & Associates will also ...
A Neptune Orient Lines official said on Wednesday there was severe overcapacity in Asia-Europe routes and called on shipping firms to reduce their services and return some ships to charterers. The current situation in Asia-Europe is far worse than during the last cyclical downturn, Dan Ryan, Greater China president at NOL's APL unit, said at a confere...
Zim Integrated Shipping Services has increased its slot charter agreement with China Shipping Container Lines (CSCL) on the Asia Europe Service, AEX1, to total 3,750 TEUs weekly. First Westbound sailing to apply the increased agreement is CSCL Le Havre ETA Ningbo October 18th. This agreement is complimentary to the termination of Zim's independent...
Hamburg-based classification society Germanischer Lloyd has launched a revised edition of its classification rules for containerships which take into account the increased size of vessels and provide more documentation. "Shipbuilders and designers have requested us to spell the calculations and requirements out. It is not only the rules, but also why ...
Wartsila unveils a novel engine exhaust noise reduction system that could eventually make conventional single unit diesel engine silencers a thing of the past. Designed for applications where little or no engine noise is an operational requirement, such as passenger ships and ferries, offshore and military vessels, Wartsila's Compact Silencer Sy...
Golden Ocean Group Limited has sold one of the Kamsarmax newbuildings ordered in October 2007 at Zhoushan Jinhaiwan Shipyard (Jinhaiwan) in China. The vessel is scheduled to be delivered in Q3 2009 and will then be delivered to the buyers. The sale proceeds are $65.3 million. Upon delivery from the shipyard, the vessels will comme...
Individual container shipping companies must take urgent action to counter the effects of the current downturn, a senior APL executive told a high level conference in China today. Delivering the keynote address to the 2nd Containerisation & Liner Shipping China conference in Tianjin, Dan Ryan, APL’s Greater China President, said that a unique set of ...
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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