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China Ocean Shipping Co, China’s largest shipping company, has ruled out plans to launch a fleet-wide speed-reduction programme following the introduction of a similar initiative at its liner fleet. Cosco safety and technology director Chen Zhengjie confirmed to Lloyd’s List today that Cosco Container Lines has cut the speed of its entire box fleet b...
Aker Yards has not yet received confirmation from FLC West that they have received approval from Ukraine competition authorities for FLC's acquisition from Aker Yards of 70 percent of the shares in the subsidiary Aker Yards Ukraine Holding. Under the agreement which the two companies announced 25 March 2008, FLC West has the responsibility to apply f...
Daewoo Shipbuilding and Marine Engineering Co , the world's third-largest shipbuilder, said on Thursday it won shipbuilding orders worth a total of 532.8 billion won ($520 million) from Europe. Daewoo said in a filing to the Korea Exchange the orders were for two very large crude oil carriers (VLCCs) and two bulk carriers, without specifying the numb...
Daehan Shipbuilding has celebrated today the christening of its first vessel at its shipyard located in Haenam, Korea. This 170,500dwt vessel , which is 289m L.O.A. and 45m beam, is the first in the series of eight capesize bulk carriers ordered from the Norwegian Golden Ocean Group in November 2006. It shall be delivered to the owner on June 27th si...
Nobody of the 25 crewmembers and four passengers aboard the burning vessel in the Sea of Japan was hurt, Itar-Tass reports. The transport refrigerator Akademik Khokhlov is drifting near South Korea's coast. The crew continued fighting the fire, according to reports as of Friday morning, Moscow time. The blaze broke out in the vessel engine room overni...
Samsung Heavy Industries Co., the world's second-largest shipbuilder, said Tuesday it has purchased a 10 percent stake in Brazilian shipyard company Estaleiro Atlantico Sul for US$22 million. The purchase is expected to help Samsung Heavy win orders for drill ships and oil rigs in Brazil as the Brazilian shipyard is scheduled to begin operations from...
Hamburg’s fight against the sale of Hapag-Lloyd to a foreign buyer has received further political support. Local MP Jürgen Klimke sent letters to Economics Minister Michael Glos and the government’s maritime co-ordinator Dagmar Wöhrl, asking them to back the so-called Hamburg solution. The move came as potential bidders received the 100-page lon...
Nobody of the 25 crewmembers and four passengers aboard the burning vessel in the Sea of Japan was hurt, Itar-Tass reports. The transport refrigerator Akademik Khokhlov is drifting near South Korea's coast. The crew continued fighting the fire, according to reports as of Friday morning, Moscow time. The blaze broke out in the vessel engine room overni...
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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