Hanjin Shipping said Thursday it is upgrading one of the vessels used in its FEX (Far East Europe Express) service. The Hanjin Chongqing, which was christened at Hyundai Heavy Industries in Ulsan City, is the last in a series of eight 6,500-TEU vessels ordered back in 2004 and 2005, the Korean carrier said. Hanjin said the new ship will re...
In 2004 Odfjell placed contracts with the large Russian Sevmash shipyard, located near Archangelsk, for up to twelve 45,000 tdw IMO type II coated product/chemical carriers. The initial fixed total contract price for all twelve vessels was approximately USD 500 million, later increased to USD 544 mill. Following seriou...
A record year-on-year increase in Greek newbuilding orders fuelled by strong economic growth in the far east and insatiable Chinese and Indian energy demand is already turning the focus of the international maritime industry to Athens this summer for the 21st edition of Posidonia Exhibition, the world’s premier shipping trade event. With over US$ 50 ...
Bremen, Germany-based Senator Lines has changed its Alpine region agency from MAT Marine Agencies to CTO Shipping Agencies, located in Basel, Switzerland. We are confident that the concept presented by CTO will successfully lead to a rapid expansion of import and export business in this region of the European market. A market that has historicall...
Singapore-based Pacific International Lines and Taiwan's Wan Hai Lines have agreed to enter into a 10-year strategic alliance agreement to cooperate on future service plans as well as to explore joint efforts in shipbuilding, repair yards and terminals. The two Asian carriers' business partnership dates back to 2004 when they started a joint Asia/Euro...
Bergen, Norway-based tanker operator Odfjell has signed agreements with the Chuan Dong Shipyard to build a series of six 9,000-deadweight-ton stainless steel chemical tankers for delivery in 2010-2012 for a total of $180 million. The company said the ships will operate in regional trades in Asia and Europe, and will replace smaller vessels trading in t...
Royal Arctic Line A/S has placed an order with Aker Yards Germany to build two ice-going containerships for arctic traffic between ports in Greenland and transatlantic destinations. The Nuuk, Greenland-based shipping line will pay about 80 million euros ($117 million) for the two ships, which are scheduled to be delivered in the second and third quarte...
Kuwait-based United Arab Shipping Co. on Monday received the second of eight 6,919-TEU containerships ordered from South Korean shipbuilder Hyundai Heavy Industries in a $850 million deal signed in March 2005. The Hatta will join sister vessel Al Safat on the weekly Asia/Middle East/Europe AEC service, on which Hanjin Shipping, Senator Lines, CSAV Nora...
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