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Danish shipping and oil group A.P. Moller-Maersk said on Wednesday it would have to accept a lower global market share in container shipping in the short term. Obviously we don't want to lose market share, on the other hand we are, given the present market conditions, quite pleased we don't have the largest order book coming on stream in the next coup...
A ship exploded when exploiting metal scraps in Vietnam's sea waters, killing one local man and injuring 19 others, local newspaper Young People reported Thursday. The ship owned by Le Van Cu from Ninh Phuoc district, southern Ninh Thuan province, exploded on Wednesday some 17 km off the NinhPhuoc coast, making itself and a nearby ship sink. Some fish...
Somali pirates have released an Omani ship they had held hostage for months, a senior government official said on Thursday. The Omani ship held for six months was released last night, said Abdiqadir Muse Yusuf, assistant minister for fisheries in northern Somalia's Puntland region. I think a ransom was paid but I do not know the exa...
Danish shipping and oil group A.P. Moller-Maersk said on Thursday it had placed an order for four very large crude oil carriers from South Korea's STX Shipbuilding and had an option for two more ships. We are in place with the transaction and the contract will signed next week, Maersk Tankers director Soren Skou told Reuters. Skou did not disclos...
The American Bureau of Shipping has promoted Hitoshi Matsumoto to country manager for Japan, effective Sept. 1. Matsumoto joined ABS in 2001 as a surveyor and is currently assistant country manager for Japan, a position he has held since January. He will replace Ken Okabayashi who is retiring from day-to-day responsibilities after 14 years in the po...
Taiwanese ocean carrier Yang Ming is to start a second weekly Persian Gulf shuttle service joining the ports of Dubai and Umm Qasr in Iraq. The Dubai and Umm Qasr Express Service 2 (DUX2) will commence at the end of September using a single vessel, the 580-TEU YM Doha. It will join the existing DUX, which deploys the 338-TEU YM Xiamen, connecting Iraq...
Japanese carrierLine is teaming up with little-known Miami-based Bringer Lines, part of the Bringer Corp., to start a bi-weekly service between the U.S. East Coast and the Amazon region in Brazil from October. The service will deploy two ships of about 500 TEUs on a rotation of Savannah (Saturday), Port Everglades (Sun-Sun), Manaus (Thursday-Saturday)...
The A.P. Moller - Maersk Group on Wednesday painted a fairly gloomy picture for the immediate prospects of its core container shipping business, which includes the world's biggest ocean carrier, Maersk Line, during the announcement of its first half results. On the bright side, the Copenhagen, Denmark-based conglomerate has upgraded its outlook for 20...
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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