MULTI-TRADE container shipping line Safmarine has named its second newbuilding, the Safmarine Komati. The 6,160-TEU vessel joins her sister vessel, the Safmarine Kariba, as the largest ships in the Safmarine-owned fleet. The vessels are nicknamed the 'Safmarine MegaWhites' because of their size and gleaming white hulls, a company statement said. ...
Leaders and senior officials of Baltic countries issued a joint declaration on Wednesday on reforming the Council of the Baltic Sea States, at a summit in Latvia's capital, Riga, RIA Novosti reports. Established in 1992, the Council of the Baltic Sea States is a forum for regional intergovernmental cooperation. The Council unites 11 states of the...
Merchant ships from Greece and Malta collided off the coast of Uruguay, dumping fuel oil from one of the vessels, Uruguay's navy said yesterday. No one was injured. A government environmental official said the wind was blowing the medium-sized spill across the vast Rio de la Plata estuary toward Buenos Aires in Argentina. The estuary separates Urugua...
Gazprombank has set up the loan limit for Vyborg Shipyard OJSC at RUR 10 bln till 2011, the bank informs. The loan is to be used to finance construction of platforms within the framework of Shtokman gas field development. Vyborg Shipyard JSC is one of the largest shipbuilding companies of the North-Western Region of Russia with over 50-years’ experi...
APL said it is ending the Pacific Rim Express Service (PRE) between Far East ports and Los Angeles. APL's New World Alliance partners Hyundai Merchant Marine and MOL had also offered service on the string. We continue to review the market outlook and make deployment decisions based on the round-trip economics of the trade, said Mike Zampa, a spoke...
The CMA CGM ship-owning spinoff Global Ship Lease had a pro forma profit of $1.6 million in the first quarter on time charter revenue of $22.7 million for 12 containerships. The results were reported in a prospectus issued by Marathon Acquisition Corp., a company that expects to merge with Global Ship Lease. Under a deal that is slated to be put t...
Negotiations between Somali pirates and the owner of a Dutch ship are at an impasse over the size of the ransom the pirates are demanding, Radio Netherlands reports. It quotes a mediator as saying the ship's nine-man crew are in good health, but the pirates are demanding 700,000 euros or more than $1 million, and the Dutch company Reider Shipping offe...
General Dynamics NASSCO held a keel-laying ceremony for the second ship of its new series of product carriers. The ship is being built for U.S. Shipping Partners and is to be delivered in the third quarter of 2009. NASSCO began construction of the ship in January. It will be 600 feet long and have a cargo capacity of 331,000 barrels. U.S. Shipping...
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