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The combination of the two companies will form the world’s leading product tanker company with a combined owned and long term chartered fleet of more than 130 vessels. The cash offer values the share capital of Broström at SEK 3.62 billion. The demand for energy transportation is expected to continue to grow which together with the International Mari...
The Frontline shipping group's Seatankers Management has cancelled an order for four chemical tankers from the Alcock Ashdown Gujarat shipyard in India. The first of the four 12,800 dwt ships had been due for delivery in october last year but remains incomplete, and has now been rescheduled for December 2009, with the other three to follow at three month ...
More recent easing of prices likely to bring down surcharges beginning in October; shipping lines hold firm on floating bunker contract terms. Container lines in the Transpacific Stabilization Agreement (TSA) have confirmed that their floating bunker fuel surcharge, adjusted monthly according to a formula that tracks world fuel prices at key loading ...
Wartsila has taken yet another big leap towards growth in India by inaugurating a new extension to its plant in Khopoli, Maharashtra. The plant manufactures auxiliary units and modules for engine driven power stations. The new extension will primarily cater to the requirement of Wartsila Group to supply auxiliaries all over the world. The focus will be on...
Dockwise Ltd. announces that its subsidiary Dockwise Shipping has entered into contracts with the Spanish naval shipyard Navantia for the transport of two Canberra-class amphibious helicopter carriers (LHD) and with the Russian naval shipyard Zvezda for the transport of two nuclear powered submarines. Navantia, located in Ferrol, Spain, a naval shipya...
In the aftermath of the Russian invasion of Georgia, President Bush earlier this month announced a $1 billion aid program to the country. Included was a directive to the U.S. Maritime Administration to begin underwriting war risk insurance for ships calling at Georgian ports, if necessary. Edmond J. Fitzgerald, director of MarAd's office of financial ...
Iran's government and largest shipping line have refuted U.S. Treasury Department claims last week that the ocean carrier has helped to illegally proliferate weapons trade to the Middle East nation. On Sept. 10, the Treasury Department's Office of Foreign Assets Control designated the Islamic Republic of Iran Shipping Lines and 18 affiliated entities,...
Hapag-Lloyd is to make adjustments to its Europe/Oceania via Suez Canal ANS service, including dropping New Zealand calls, from the end of November. It is also understood that CMA CGM will return to the service after an absence of about 18 months and will contribute six of a total of 12 ships. Neither Hapag-Lloyd nor the French carrier would confirm. ...
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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