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Yang Ming Marine Transport Corp., one of Taiwan`s leading shipping firms, recently received Wan Ming vessel, Taiwan`s largest container ship. With 333.2 meters in length, the vessel has a loading capacity of 8,240 TEUs (twenty foot-equivalent units). Yang Ming commissioned CSBC Corp., Taiwan to build up the "Wan Ming" vessel. Looking to the promising mari...
A group of investors that includes the government of Hamburg, the investment bank M.M. Warburg, and Klaus-Michael Kuehne, chairman of the logistics company Kuehne & Nagel, have announced plans to bid for Hapag-Lloyd, the world's fifth-largest container shipping company. The Financial Times reports that Hamburg said it would provide 20 percent of the...
Intermarine, managing agent of Industrial Maritime Carriers, said it has concluded agreements for the long-term charter of eight new heavy lift-multipurpose ships. The company has agreed to charter the ships from Reederei Jungerhans of Hamburg, which will have the ships built at the Portuguese shipyard Estaleiros de Viana do Castelo. Intermarine has s...
Maersk Line is introducing slower sailing speeds on one of its Europe and Middle East routes. To improve the product offering to our customers, we will phase in larger ships, substituting the present 5,500 TEU (twenty foot equivalent) vessels with 6,250 TEU vessels, said a statement from Maersk. To further improve the schedule reliability of the serv...
Marine services provider Inchcape Shipping Services plans to boost its liner agencies business with new contracts in emerging markets. Speaking in London last week, Jon Corner, ISS group business development director, said his company represents 11 leading container lines in various locations and wants to make that 20 by 2012. While admitting that...
The Rochefort High Court in France has dismissed an attempt by two unions of French oyster producers to recover up to 10 million euro in damages from parties involved in the loss of the tanker Prestige in 2002, including the American Bureau of Shipping and the government of Spain. The oystermen were joined in their suit by a maritime union called Le S...
The Shipping Corporation of India (SCI) is currently busy finalising its acquisition plan for various types of offshore supply vessels (OSVs) such as anchor-handlers, platform supply vessels and multi-purpose supply vessels. “We’ll firm up our plan and place it before our Board for approval shortly,” a spokesman for SCI told Business Line. Right now, SCI ...
Within the visit of South Korea Prime Minister Han Seung-soo to Azerbaijan today, Memorandum on creation of Caspian Shipbuilding Factory was signed. State Oil Company of Azerbaijan Republic (SOCAR) President Rovnag Abdullayev said the Memorandum has been signed between SOCAR, Korean STX and Azerbaijan Investment Company (AIC). “According to the ...
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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