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China COSCO Holdings, parent of COSCO Container Lines, has taken up the options on four 4,250-TEU containerships with Chinese shipbuilders Jiangsu Tianyuan and Jiangsu New Yangzi. The options were part of contract signed on Dec. 28 last year for 16 confirmed sister ships costing about $1.08 billion. The total consideration for the construction of the ...
Hong Kong's Hutchison Whampoa and the mainland's Cosco Pacific have submitted bids to operate Greece's main container terminal. Merchant Marine Minister George Voulgarakis said the two firms are vying for management of container operations at the Port of Piraeus, near Athens. The Greek government is also looking to privatise container operations a...
The U.S. Coast Guard is proposing a rule to require each crewmember on a foreign commercial vessel en route to the United States, or on U.S. commercial vessels coming from foreign ports to carry and present upon demand an acceptable identification when in U.S. navigable waters. Vessel operators would also be required to ensure that crewmembers comply ...
Chevron plans to double storage capacity at its Las Minas terminal in Panama to 4 million barrels. The US oil major reportedly cited growing demand for fuel derivatives such as bunkers, and said it planned to double the capacity in the short term, and potentially further after that. The Las Minas facility is a source of bunker material and lubri...
China National Foreign Trade Transportation Corp (Sinotrans) and China Changjiang National Shipping Corp plan to merge into China's second-largest shipping logistics firm, the official Shanghai Securities News said on Wednesday. Sinotrans Group, parent of Sinotrans , Sinotrans Ship and Sinotrans Development , and Changjiang Shipping, the parent of Nanjing...
MOL (Mitsui O.S.K Lines) will take delivery of 53 ore carriers between now and to early 2014 to meet rising demand for iron ore transport due to a increased steel production. The deliveries consists of four 300,000 DWT vessels, two 250,000 DWT vessels, seven 230,000 DWT vessels, one 200,000 DWT vessel, 27 170,000 DWT vessels, ten 110,00 DWT vessels and tw...
Germany's TUI said on Thursday it sees slower growth in shipping freight rates in the coming quarters. The company told a conference call it sees CP Ships synergies of 220 million euros ($341.3 million) in 2008. TUI added that it currently valued its Hapag-Lloyd container shipping division at 3.75 billion euros. The unit would keep pace with exp...
Svitzer Marine Ltd. has advised that effective from May 19, the bunker surcharge per tug at Forth Ports will increase to 5% of towage charges as per the 2008 tariff. Edinburgh-based Forth Ports operates six east coast ports in Scotland including Grangemouth, Scotland's largest container port, Burntisland, Methil, Rosyth, Leith and Dundee. The Lo...
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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