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THE western part of Yantian port in Shenzhen will be the site of three new berths and the expansion of an existing fourth one to accommodate 50,000-tonne ships and the capacity to move 1.8 million TEU a year. The US$561 million project, including imported equipment costing about $150 million, will be built and operated by Shenzhen Yantian Port Hol...
Singapore-based FSL Trust Management Pte., trustee-manager of First Ship Lease Trust, said Thursday it has obtained an additional revolving credit facility of up to $65 million. FSL will use the additional credit to secure the acquisition of YM Enhancer, the third and final vessel to be delivered in October under a previously announced acquisition agr...
GULFTAINER's Khorfakkan Container Terminal (KCT) in the Sharjah emirate region of the United Arab Emirate's east coast has accommodated its biggest container ship so far, the 9,700-TEU CMA CGM Orfeo. This comes amid a report that container traffic volumes are much higher in the first half of the year, owing to an increasing number of shipping lines ch...
MEDITERRANEAN Shipping Company is revising its Europe-South Africa service by progressively replacing the 4,000- to 4,500-TEU vessels used on the service with containerships ranging from 5,000- to 6,000-TEU. MSC is reportedly using most of the capacity on the service itself, but also carries containers on behalf of Evergreen Line and Hapag-Lloyd. It a...
Four trade associations that represent marine carriers are asking Congress to help create consistent rules for treating ballast water discharges to prevent the spread of invasive species such as the zebra mussel and sea lamprey. In a letter to Daniel Inouye, chairman of the Senate Committee on Commerce, Science and Transportation and Barbara Boxer, ch...
Restrictions for vessels visiting Houston remain, as submerged objects are causing navigation hazards. Many bunker companies in the area, however, are now up and running. Over 100 vessels were said to be held up in Texas after Hurricane Ike shut ports and waterways, according to a US Coast Guard report. A number of vessels, however, have re-route...
Somali pirates yesterday seized a Greek ship and a Hong Kong-flagged vessel in the latest in a string of attacks that have prompted calls for international action, officials said. Pirates armed with rockets seized the freighter Centauri with a crew of 25 Filipinos some 320 kms south of Mogadishu yesterday. “The pirates attacked and boarded the ...
Singapore and Indonesia-listed owner PT Berlian Laju Tanker Tbk (BLT) is taking delivery of 20 tanker newbuildings from now till 2011, a senior official told Tankerworld Thursday. BLT General Manager Peter Chayson added that earlier reports of the company securing a $400-million bank loan to pay for the 20 tankers were inaccurate as they [tankers] ha...
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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