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CMA CGM, the world’s number three and France’s number one container line, proposes to increase the capacity of its EPIC (Europe Pakistan India Consortium) service from 2009 when the 4,200-teu vessels currently operating on the route will be replaced by higher capacity 6,500-teu vessels. Giving this information here on Friday, Mr Marc Bourdon, Managing Dir...
JSC Sovcomflot (Sovcomflot) has announced a further step in its integration with JSC Novorossiysk Shipping Company (Novoship), following the consolidation of both companies in December 2007. With effect from 1 July 2008, the two fleets will be operated commercially as one entity and a unified international chartering operation will be run from the Sovcomf...
Temasek's Neptune Orient Lines (NOL) plans to submit in July an offer for TUI AG.'s shipping unit Hapag-Lloyd, Die Welt reported, citing unnamed sources. Reuters relayed that the Singapore-based shipping giant is the only serious bidder for the unit, according to Die Welt. Die Welt cited experts as saying a merger of NOL and Hapag-Lloyd could ge...
Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest yard, said it won $2.3 billion of orders in June, its biggest month this year, as demand increased for moving fuel and commodities. Contracts were received for 12 vessels in the month, the Seoul-based company said in an e-mailed statement today. Buyers ordered nine Very Large Cru...
China State Shipbuilding Corp (CSSC), the country's largest ship-building group, has put its Wenchong Shipyard up for sale on the Beijing Equity Exchange for 3.04 billion yuan ($443 million), according to the exchange's website. The official China Securities Journal quoted analysts as saying that Guangzhou Shipyard International Co , a Shanghai-liste...
The sale of Daewoo Shipbuilding & Marine Engineering (DSME) is the talk of town nowadays as to who will take over the world's third-largest shipyard. A number of potential contenders have been emerging into the spotlight вАХ GS Group, Doosan, POSCO, SK and Hanwha вАХ who all want a piece as shipbuilding will remain a lucrative business in the years t...
RF Government has allowed foreign vessels to make multiple calls to inland sea waters and territorial waters of the Russian Federation till November 30, 2008 for operations on exploratory drilling of well No1 at Veninsky sector of the Sakhalin 3 project carried out by the Transocean Nordic maritime platform, flying the flag of Marshall Islands. The Decree...
Kuwait-based United Arab Shipping Co., currently on the fringes of container shipping's leading 20 lines in terms of fleet capacity, has ordered nine 13,100-TEU box ships from South Korean yard Samsung Heavy Industries in a deal valued at more than $1.5 billion. The company, owned by six Arabian Gulf States -- Bahrain, Iraq, Kuwait, Qatar, Saudi Arabi...
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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