Media
Media
Container Liner Evergreen Marine's (pictured) parent, Evergreen Group, has shelved a plan to invest in a Chinese shipyard due to weak market conditions, writes Reuters. Evergreen had intended to form a shipbuilding joint venture in the southern Chinese port city of Quanzhou with the local government. With the change of the market, current timing is no...
The Far East Freight Conference (FEFC), the Canada Transpacific Stabilisation Agreement (CTSA) and Matson Line have issued further bunker and currency surcharge adjustments. The FEFC has issued its last bunker and currency surcharge adjustments before the EU bans rate and surcharge setting shipping conference activities on October 17. The FEFC has...
Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest shipyard, led declines among South Korean shipyards on Monday over concerns about more order cancellations, analysts said. Daewoo Shipbuilding dropped 12.39 per cent to 36,050 won (US$35.4) on the Seoul bourse as of 10:45 a.m. after it said last Friday its client failed to make pre-pa...
On 4 August Stella Lines, a subsidiary to Stella Company Group, commenced the new ferry service between Helsinki and St. Petersburg. The ferry Julia (ex Christian IV, built in 1982) has a capacity of 1,000 passengers and 430 cars and 50 trailers. The agent company Inflot Worldwide in St. Petersburg has for a long time strived for scrapping the visa requir...
Chinese shipbuilder Jiangsu Rongsheng Heavy Industries Co Ltd aims to raise more than US$2 billion through an initial public offering overseas, a company source familiar with the matter said yesterday. The timing of the listing will depend on market conditions but the company is proceeding quickly with preparations, the source added. Goldman Sachs Gro...
Supertanker owners are leaving more ships at anchor after rising fuel costs and the biggest weekly slump in hire rates for at least a decade made it less attractive to deliver cargo. The number of very large crude carriers, or VLCCs, at anchor climbed to 91 yesterday from 82 on Saturday, according to AISLive ship-tracking data compiled by Bloomberg. T...
Major Japanese shipping group Kawasaki Kisen Kaisha (K Line) is to take a 5% in a shipyard under construction in a suburb of Quanzhou, Fujian Province, China. Titan Quanzhou Shipyard is intended to be the largest repair dock in China with capacity of 250 vessels per year. It will feature four ultra-large dry docks (two of which can accommodate 300,000dwt ...
Bharati Shipyard, the country's leading private sector shipbuilding company, is looking to enhance its order book by 35-40% in the coming year. It expects new orders to come from offshore vessels, an area it is increasing focus on. Having gone slow on taking orders in the last one year, Bharati Shipyard expects its latest capacity addition to boost th...
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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