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Maersk Line announces the improvement of Asia to Australia service, which will bring a unique and innovative solution to servicing the Australian market. In creating a new and comprehensive ‘pendulum loop’, we have combined three existing services into one single rotation. Maersk will deploy ten vessels allowing for the optimal combination of efficiency t...
Golden Ocean Group Limited reports net income of $201.0 million and earnings per share of $0.73 for the second quarter of 2008. This compares with net income and earnings per share of $25.6 million and $0.09 respectively for the second quarter of 2007. Total operating revenues for the second quarter were $243.8 million, total operating expenses were $180....
Armed pirates hijacked a Japanese-operated tanker and an Iranian ship off Somalia's coast Thursday, the latest in a series of attacks that have sent jitters among seafarers in an area known for its lawlessness. The hijackings came after a Malaysian palm oil tanker with 39 crew was seized in the same area late Tuesday. The latest attacks raised to six ...
Sri Lanka's Mercantile Shipping Company said it expects delivery of the first of two new cargo ships on order by the middle of next year as construction is slightly ahead of schedule. The company said it made good profits in the last financial year but that cash flow would be tight this year as funds would be tied up in the new buildings projects. ...
The Military Bank and Hong Ha shipbuilding Co have signed a contract worth 13 million euros (US$19.2 million). This will help pay for building four 3,300-tonne ships for export at a total cost of 23 million euros. The project, put together by Hong Ha Co and Seatrium Shipbuilding B.V (The Netherlands), is expected to be completed by November next ...
Increasing global demand for liquefied natural gas (LNG) will lead to a threefold rise in the number of tankers carrying the fuel by 2030, says a new Oxford Business Group report. Output could rise by as much as 14 per cent next year as ventures in Qatar and Indonesia start production. International demand could rise from last year's 226 billion cubic...
Camillo Eitzen & Co ASA (CECO) has ordered four supramax bulk vessels, to be delivered from Japanese yards during 2012–2013. All four units are 60,000 DWT and long term contracts of about 30 years has been secured for the vessels. After the above contracts, the CECO newbuilding programs consist of 18 vessels, all to be delivered within year end 2013. S...
Maersk Line announced Wednesday it will revamp its Asia/Australia operations next month by bringing three weekly services into a single pendulum rotation called the Boomerang Service. The new loop will start Sept. 27 using 10 as yet unspecified vessels of about 4,300-TEU capacities, which Maersk said would offer the optimal combination of efficiency t...
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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