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Media
Singapore-listed Cosco Corp said on Tuesday it has won $256.2 million worth of shipbuilding and conversion contracts. The Chinese shipbuilder said in a statement it will build two bulk carriers for a German customer to be delivered in 2010 and 2011. The 9 conversion contracts it won are slated for completion by the fourth quarter 2009. Sou...
Honda has chosen the Port of Gothenburg as its new port of entry. All Honda Civics and Honda CR-Vs for the Swedish and Danish markets will now be brought in via Gothenburg, totaling 8,000 vehicles each year. The two Honda models, the Civic and the CR-V, are produced in Swindon in southern England. The vehicles where previously shipped to Malmö but...
Russia will soon join international efforts to fight piracy off the Somalia coast, but will conduct its operations independently, the Navy commander said on Tuesday according to RIA Novosti. Pirates are increasingly active in the waters off Somalia, which has no effective government and no navy to police its coastline. The International Maritime Burea...
The Saint Petersburg International Commodity Exchange (SPICE) held its first session Tuesday and sold 1,500 tons of oil products, the exchange said. The first trading session in diesel fuel and jet fuel was held from 12.00 am to 1 p.m.– the exchange said in a press release. The average selling price of summer-grade diesel fuel on SPICE was RUB 21,638 per ...
Germanischer Lloyd on Tuesday signed a contract to classify seven mega-containerships to be built by Hyundai Heavy Industries in Ulsan, Korea. GL will classify the 13,100-TEU ships, which will be built in 2010 to 2012 to be delivered to German ship owner MPC Capital. Source: American Shipper
A/S Dampskibsselskabet TORM said today that Chief Operating Officer Mikael Skov will also assume the role of interim chief executive officer until Jacob Meldgaard is ready to join. The Danish tanker and bulk-shipping operator previously announced that Meldgaard, executive vice president in charge of dry cargo at Dampskibsselskabet NORDEN A/S, will tak...
A new public shipping company said it will focus on investing in container feeder ships. Arcade Acquisition Co. last week agreed to acquire 10 containerships, six from Palmosa Shipping Corp. and four from companies managed by Tsakos Shipping and Trading, for $261.7 million. The company plans to rename itself Conbulk Corp. and will be in the busine...
Zim Integrated Shipping Services Ltd. said today it is putting an end its weekly Asia/North Europe East West Express Service (EWX) and will instead increase its slot charter agreement on a service operated by China Shipping Container Lines. The decision to end the EWX comes at a time of slowing Far East/Europe volume growth and rapidly shrinking freig...
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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