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Cosco has launched a feeder container shipping line connecting northern and eastern China's ports of Tianjin, Yantai and Shanghai, Xinhua reported. The weekly service will be connected to Cosco's ocean shipping lines to Europe and America at Shanghai. The maiden voyage vessel loaded 86 TEU at Yantai. The launch of the line is expected to relieve t...
Shipping Corporation of India plans to purchase 40 vessels, including four very large crude containers, worth $2.5-3 billion in the next three years. The public sector unit had recently received the Cabinet Committee on Economic Affairs (CCEA) approval for acquiring four Panamax bulk carriers of about 80,000 dead weight tonnes (dwt) at $59.55 million each...
South Korean ship owner, Polaris Shipping has agreed to pay $40.8m for a 1990-built 261,343 dwt single hull tanker Titan Pisces is due to be delivered by current owner Hong Kong’s Titan Petrochemicals in the next four weeks. The vessel, the sixth VLCC acquired by Polaris Shipping since last year, is likely to be converted into a very large ore carrier...
Korea Development Bank, a top shareholder in Daewoo Shipbuilding has announced that it will invite bidders for the world's No.3 shipbuilder next week in a bid to complete a $4 billion sale this year, writes Reuters. A public notice for sale of Daewoo is likely to come out next week, a KDB official said, adding the bank plans to select a preferred bidder i...
SuperFerry expects zero growth for its passenger business this year owing to a lean season and competition with budget airlines. Andrew Deyto, SuperFerry assistant vice president for sales and marketing, told reporters that it expects to carry about two million passengers this year or the same as last year. “We hope it [number of passengers] will ...
China Shipping Container Lines (CSCL) and shipping giant CMA CGM have joined hands for the launch of a new container service connecting Northern Europe with China and Malaysia. Port calls include Shanghai, Xiamen, Yantian, Nansha and Port Kelang, from where the service will proceed directly to Zeebrugge and Hamburg. It will then return to Shangha...
Singapore's Neptune Orient Lines , the world's seventh-biggest container shipping firm, said it carried 14 percent more containers on its ships in the four weeks to July 25 compared with the same period a year ago. The company said in a statement on Monday that its shipping arm APL carried the equivalent of 209,800 forty-foot containers on its ships i...
South Korean shipyard STX Shipbuilding Co. said Monday it has won an order worth 322 billion won (US$310 million) from a European client to build two oil tankers. The contract calls for STX to deliver the two Very Large Crude Carriers by March 31, 2012 to the unidentified client, the South Korean shipbuilder said in a regulatory filing. Source: ht...
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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