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Physical limitations of the Kiel Canal are again coming under the spotlight, following the recent deployment of French shipping group CMA CGM's 1,730-TEU ship on a new Baltic feeder loop, according to the Shipping Gazette. The CMA CGM Volga, one of three Polish-built ice strengthened ships, first built for Fesco, is too tall to fit under the Canal's ...
Nordic Tankers A/S reported a loss of USD 0.2 million for the first half of 2008 after a decline in the market for product tankers. However the all years result is expected to be of USD 22.4 million after the sale of the company’s largest and newest tanker Nordic Lisbeth. The tanker is sold for a price USD 19 million higher than the booked value for deliv...
Saudi Aramco, the largest supplier of liquefied petroleum gas to Asia, cut prices of cargoes loading in September from August after global crude oil benchmarks fell. The Dhahran, Saudi Arabia-based company reduced the price of propane cargoes by $60, or 7 percent, to $800 a metric ton, said a company official who asked not to be identified. Aramco lowere...
On September 10, at 08:20, the first cruise liner, the Costa Mediterranea, will moor at the new marine passenger port on Vasilievsky Island in St. Petersburg. It will bring some 2,000 tourists, press center of Management Company Marine Facade LLC announces. The vessel is owned by Costa Crociere S.p.A., an Italian company based in Genoa. Costa Crociere...
Danish shipping and oil conglomerate A.P. Moller-Maersk on Monday said its Lindo Odense Steel Shipyard has put its Estonian unit Loksa Shipyard up for sale. Loksa, with about 700 employees, became part of Lindo in 1994 and is one of the world's leading manufacturers of hatch covers, Maersk said in a statement. The ownership of Loksa ... will not b...
South Korea's SK Group said on Tuesday it is considering joining a consortium with steelmaker POSCO for a major stake in world No. 3 shipyard Daewoo Shipbuilding & Marine Engineering. We are still considering. There are multiple stages we need to take before making a decision, said Kim Ju-hyun, spokesman at SK Group, which oversees SK Energy , the cou...
Macquarie Group Limited said that shipbuilders will likely see new orders decline by 40% in 2008 as buyers can't get credit and slowing commodities demand reduces the need for investment in new vessels. It added that orders in the global shipbuilding industry will fall by a further 16% a year in 2009 and 2010. Shipbuilders are also paying more for steel p...
Lithuania expects the assistance of the international transport TEN-T fund to the project on the Baltic sea region highway Klaipeda-Karlshamn. It is foreseen to be implemented together with partners from Sweden, The Baltic Course reports according to RZD-Partner. Undersecretary of the State Alminas Maciulis, head of the Lithuanian Transport Minis...
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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