Shipping News

XICT (China) readies for start of IRISL service from China-EuropeMay 29, 2008

Xiamen International Container Terminals has accommodated the Iran Bushehr, a 2,188-TEU vessel deployed by Islamic Republic of Iran Shipping Lines (IRISL) on a trial run before the launch of regular service at XICT. IRISL's upcoming service will offer an express channel connecting Xiamen with the Persian Gulf, the Mediterranean, North Africa and Euro...

WTSA pushes full floating surcharges in July bunker hikesMay 29, 2008

Westbound Transpacific Stabilisation Agreement container shipping lines have announced plans to raise bunker surcharges, effective July 1 to US$600 per FEU to achieve full, floating surcharges this year. As previously announced, US-Asia container lines will raise their bunker surcharges in July, and as of October 1, surcharge levels for all tariff and...

STX Shipbuilding to increase capacity by 20% in 2008May 29, 2008

Bloomberg reported that Europe's largest shipyard STX Shipbuilding Co is planning to raise capacity at its South Korean yards by 20% in 2008 after adding a second floating dock to meet demand for new vessels. Mr Kang Ssang Won senior VP of STX Shipbuilding told reporters that it would spend KRW 142.6 billion (USD 135 million) to build the new dock on...

Ship-repair plant was de-energized in VladivostokMay 29, 2008

Today at 14.00 Dalenergosbyt de-energized the Federal State Unitary Enterprise 92nd ship-repair yard of the Ministry of defense of the RF, fulfilling State orders on repair of ships and vessels of the Navy. The military plant owes Dalenergosbyt over 5,8mln Rubles, and in spite of repeated warnings, hasn't paid off the debt, the press-service of Dalenergos...

Somalia sends troops to release ship with Russian seamenMay 29, 2008

Somalia’s authorities have sent troops to release the Amiya Scan cargo ship with four Russian seamen, a local official said on Thursday according to Itar-Tass. The dry cargo ship Amiya Scan, belonging to a Dutch company and sailing under a Panamanian flag was on its way to the Romanian port of Constanta, when pirates in the neutral waters of the Gulf ...

Maersk shipyard facing job cuts May 29, 2008

Odense Steel Shipyard, the Lindo, Denmark-based shipbuilding unit of the A.P. Moller - Maersk Group, said Tuesday that redundancies might be unavoidable as it seeks to climb out of an extremely difficult financial position. The company said it is operating at a massive loss and is struggling to cope with international fluctuations, including the weakening ...

APL's volumes, revenues keep on rising May 29, 2008

APL transported 203,000 40-foot containers (FEUs) in the four weeks ended May 2, up 14 percent from the year earlier period, Singapore-based parent Neptune Orient Lines reported. The container line's average revenue per FEU during the period increased 13 percent to $2,940 per FEU, up from $2,606 per FEU. For the year, APL's volume is up 14 percent...

FEFC carriers post modest April westbound growth May 29, 2008

Ocean carriers in the Far Eastern Freight Conference last month carried an extra 5.6 percent containers in the westbound Asia to Europe/Mediterranean trade. The FEFC said today its members?April westbound box volume was 813,098 TEUs, up from 770,315 TEUs in the same month last year. Broken down by region, the monthly Far East-to-North Europe volum...

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Transportation Center Connecting Asia and Europe Market

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.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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