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The Al Jaber Group on Sunday announced that it has awarded a $500 million (Dh1.835 billion) contract to Chinese shipbuilder Jiangsu Hangtong Ship Heavy Industry to build and supply eight bulk carriers. The deal that was signed with Jiangsu Hangtong Ship Heavy Industry will position Al Jaber Shipping Agency and Marine Works as the biggest privately-ow...
South Korean shipyard the STX Shipbuilding Co. (KSE:067250) said Monday it had won an order worth 122.3 billion won (US$117.3 million) from a European shipping company to build two bulk carriers. The deal called on STX Shipbuilding to deliver the vessels by April 2011, the local shipbuilder said in a regulatory filing. STX Shipbuilding did not disclo...
The Baltic Dry Index, a measure of shipping costs for commodities, declined to its lowest in more than two months as vessel queues eased at Chinese ports. Vessel congestion in China worsened as steelmakers and investors built iron ore stockpiles that reached a record of at least 79.2 million tonnes this year. That prompted the China Iron and Steel As...
Rising fuel costs have led to changes in Maersk Line's Asia-Europe services, reducing space by 2,000 FEUs (forty-foot equivalent units) per week while keeping all corridors served in the network. The AE5 service was suspended from July 5, with the AE8 taking over. The new AE8 rotation is Shanghai, Ningbo, Kaohsiung, Yantian, Tanjung Pelepas, Valen...
The experts of the Technical Dept of the Vietnamese Navy headed by the Chief of Dept Nguen Van Ninem finished the inspection and acceptance of the fulfilled works on the first project 11661К "Gepard-3.9" frigate built by the shipyard for Vietnam. Signing of the package, in particular, the working report and the acceptance act, took place 10 days before th...
Japanese ship classification society Nippon Kaiji Kyokai on July 1 opened a local area representative office in Mokpo, South Korea. ClassNK already has South Korean offices in Busan, Seoul, Ulsan and Koje. Source: American Shipper
OOCL on Wednesday will begin a new feeder service between Haiphong in North Vietnam and Kaohsiung in Taiwan, using a 400-TEU vessel, the Hong Kong carrier said Friday. The new Haiphong Kaohsiung Feeder (HPH) and will launched from Haiphong and will be OOCL's first dedicated service calling Haiphong. Connectivity to Asia, the United States and Europe i...
Singapore-based Neptune Orient Lines Ltd. today shocked most of the shipping industry, announcing Thomas Held has stepped down with immediate effect as group president, chief executive officer and board member, with Ronald Widdows, head of NOL's container shipping business APL, taking over. NOL said the move was made by mutual agreement. Held, a ...
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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