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Media
The UN's International Maritime Organisation (IMO) recently voted to make global green issues the central theme of its 2009 activities. The choice of this theme will galvanize action and add the IMO's contribution to world efforts to reduce greenhouse gas emissions, said IMO secretary general Efthimios Mirtopoulus. Mr Mirtopoulus added that the ...
Brazilian shipyard Eisa has signed a memorandum of understanding with the state government of Maranhão to develop a R$350m ($218.1m) facility close to the port of Itaqui. Under the agreement, Eisa, which belongs to the Synergy Group, will complete the development within 38 months. With an area of 60 ha, it will be the second largest yard in Braz...
STX Group said Wednesday it will form a consortium to bid for a controlling stake in Daewoo Shipbuilding and Marine Engineering (DSME), the world’s third largest shipbuilder. Group-scale talks have been under way in jointly acquiring DSME to lessen the financial burden of an acquisition, Bae Dae-kwan, vice president of the group told The Korea Times....
Package delivery company FedEx Corp has lowered its rates in the fiercely competitive Chinese market despite higher fuel prices. FedEx, which started its domestic shipping service in China last June, cut charges for its quickest service, FedEx First Overnight - which guarantees delivery before 10:30am the next day - by as much as 77 per cent. It...
A.P. Moller - Maersk Group-owned Safmarine has started a monthly multipurpose service between Asia and West Africa. Safmarine said the service calls at Singapore, Zhangjiagang and Xingang (Tianjin) in the Far East. Major West Africa ports served include Namibe, Lobito, Luanda, Pointe Noire, Libreville, Douala, Malabo, Sao Tome, Durban, Lome, Tema, Tak...
International Shipholding Corp. said June 25 that Dry Bulk Cape Holding Inc., a company in which it has a 50 percent interest, concluded the sale of one of its Panamax bulk carriers ISC's said its share of the gain is about $15 million. Because of an amendment to secured loan facility agreements of Dry Bulk Cape Holdings, ISC said its share of the...
The Competition Commission of India will ask shipping lines in the Europe/Asia trade to desist from fixing rates and issuing advisories to members on freight rates, the Economic Times reported Wednesday. CCI, which only came into being this year, has no formal regulatory powers, but it's expected that shipping lines will honor the request as freight r...
The European Commission has adopted guidelines for shipping companies as shipping conferences lose their block antitrust exemption. Given the importance of maritime transport of goods to so many areas of the European economy, I have to make sure that the sector is operating as competitively as possible, keeping prices down and quality of service high,...
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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