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Taiwanese ocean carrier Evergreen will at the end of this month replace its joint North Asia-China-Australia Express (NCA) service with Hanjin Shipping with a new string linking East Asia with Australia. Evergreen said that the Taiwan-China-Australia Express (TCA) will effectively offer the first direct connection between the two regions. The TCA ...
SEOUL : US investment bank Goldman Sachs has been axed as coordinator for the sale of South Korea's Daewoo Shipbuilding and Marine Engineering, the world's third largest shipyard, a creditor bank said Sunday. The state-run Korea Development Bank gave no reason for the decision. But South Korea's Yonhap news agency earlier reported creditors were unhap...
The CKYH Alliance of COSCO Container Lines, K Line, Yang Ming and Hanjin Shipping are preparing a major restructuring of their services in the Far East/U.S. West Coast trade, that will see a reduction of about 2,000 TEUs in weekly vessel capacity according to American Shipper calculations. From the end of June, the Asian carriers will initiate the fo...
The world's largest container shipping line by fleet size, Maersk Line, plans to scrap its Mediterranean/Brazil Itajai Express service in June, and compensate for the loss of capacity by slot chartering space aboard a Hamburg Sud service in the North Europe/east coast South America trade. Vessels on this string [Itajai Express] have not been ful...
On May 17, Stocznia Szczecinska Nowa launched a container carrier series B170-V/1 FESCO VITIM, the group says. 22,750-dwt FESCO VITIM has a capacity of 1,730 TEU. Its length is 184.1 meters, breadth – 25.3 meters, draft – 9.85 meters, speed – up to 19.7 knots. FESCO VITIM having three container cranes is of Е3 ice class (according to Germanischer Lloyd cl...
Korean shipping line Hanjin Shipping said the weak Korean won against the U.S. dollar and record fuel costs contributed to a first quarter net loss of Won30.4 billion ($30 million), which actually represents an improvement against a loss of Won46.6 billion in the same period last year. The Seoul-based carriers quarterly earnings before interest, and ...
Oman and its Dutch partner on Friday signed a deal with Indian firm SKIL Infrastructure to develop a special economic zone (SEZ) connected to the Port of Sohar. Oman's Minister of Commerce and Industry Maqbool Bin Ali Bin Sultan, representing the Oman government as a shareholder of the Sohar Industrial Port Company, Port of Rotterdam chief Hans Smits...
Works started to construct a shipyard in Adana-Yumurtalik Free Zone. Five shipyards are planned to be constructed in the free zone. Executives of Yumurtalik Free Zone Directorate told A.A. correspondent that Akdeniz Ship Construction Industry & Trade Corp. started construction works after getting Environmental Impact Assessment report. The compa...
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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