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Panama president Martin Torrijos signed into law reforms to three maritime laws a maritime commercial law, a general port law on future national and international port concessions and reforms to the merchant marine. The merchant marine law will ease administrative and legal procedures and offer incentives for newbuildings and loyalty to the flag. Th...
A British shipping company has ordered two large passenger ferries from Norwegian shipbuilder Aker Yards, the company said in a statement Friday. The ferries are to be built in Finland at Aker's shipyard in Rauma. The order, placed by P&O Ferries, is valued at 360 million euros. Aker's Rauma shipyard is to deliver the ships for use in the English ...
Rising oil prices globally have increased shipping companies' fuel cost by about 87 per cent from a year ago, Malaysia's Business Times reported, quoting Malaysia Shipowners' Association (Masa). High oil prices have increased marine bunker fuel cost by US$250 a tonne since January this year, surpassing the US$700 a tonne mark. 'When fuel cost repr...
Gyeonggi Province has launched a new sea route linking a port on the west coast with Europe via China and Malaysia. The provincial government said Friday that nine 4,000 to 5,000 TEU containers from France’s shipping line CMA-CGM will start shipping services using the new route between Pyeongtaek Port on the west coast and Europe. The vessels will...
The sales in the first half of the year 2008 generated by BLRT Group grew by 38.4% in the year-on-year comparison, writes EPL Online. The company’s turnover reached nearly 2.9 billion kroons. BLRT Group earned a profit of nearly 460 million kroons during the period of time in question, increasing it by 40% in comparison to the previous year. Sales...
OOCL will start a new dedicated feeder service between Singapore and Surabaya, Indonesia starting Aug. 11, the Hong Kong carrier said Friday. The new service, called the Surabaya Feeder Service (SBY), is solely operated by OOCL and will be OOCL's first dedicated service calling Surabaya. The new SBY service has been launched to provide a more stab...
Cargo volume at the nation's major retail container ports is expected to decline 4 percent in 2008 compared with 2007 because of the nation's slow economy, according to the monthly Port Tracker report released Aug. 7 by the National Retail Federation and economic consulting firm Global Insight. Volume is projected to total 15.8 million TEUs for the ye...
Singapore's Neptune Orient Lines provided confirmation Friday that it has been invited to continue into the next phase of the bidding process for the sale of the Hapag-Lloyd container shipping business. NOL will vie with a Hamburg-based consortium for Hapag-Lloyd, the container shipping division of TUI. NOL submitted an indicative non-binding bid...
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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