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Hanjin Heavy Industries and Construction said Tuesday that it has completed the first phase of its shipyard construction project in Subic, the Philippines. The Korean company began the project on a 2.3 million sq.m site in May of last year to overcome problems it was facing due to the small size of its 300,000 sq.m shipyard in Yeongdo, Busan. The compl...
AP Møller-Maersk’s troubled container businesses have been focusing too heavily on growth and too little on filling ships with profitable cargo, according to the division’s chief executive. Eivind Kolding told the Financial Times on Wednesday that a planned restructuring of the businesses would address the problems by allowing the company to focus more cl...
The Round Table of international shipping associations (BIMCO, International Chamber of Shipping (ICS)/International Shipping Federation (ISF), Intercargo and Intertanko) have updated their annual ‘Shipping Industry Flag State Performance Table’, using information in the public domain such as port state control inspection records, data on the ratification of...
Frontline Ltd. has agreed with Ship Finance International Limited to terminate the long term charter parties between the companies for the double sides single bottom Suezmax tankers Front Birch and Front Maple. Ship Finance has simultaneously sold the vessels at a net amount of $40 million per vessel. Delivery to buyers is expected to take place in Decembe...
Global shipping, logistics and marine services provider GAC Group today announced a major expansion plan with the opening of 13 ship agency offices in major ports throughout Australia. The locations include Cairns, Townsville, Mackay, Gladstone and Brisbane in Queensland; Sydney (country headquarters), Newcastle and Port Kembla in New South Wales; Melbourn...
THE Rolls-Royce Group Plc has won an order worth US$42 million, its largest, from a Chinese ship builder, the firm said yesterday, adding that it plans to expand production capacity of shipping equipment in China, and buy other firms. The contract was awarded by Sinopacific Shipbuilding Group Co Ltd, a private firm based in eastern Jiangsu Province, and i...
NAIROBI - Somali pirates freed on Sunday a Comoros-flagged cargo ship owned by businessmen from the United Arab Emirates and held for six weeks with a 22-man crew since its capture off Mogadishu, a regional maritime group said. ‘According to information we have received, the ship has been released,’ Andrew Mwangura, of the East African Seafarers’ Assist...
One of the biggest operators in the booming dry bulk shipping market has warned that conditions where charter rates for ships have nearly tripled in a year, were “insane” and “unsustainable”. In a rare interview, Nobu Su, chief executive of family-owned Taiwan Maritime Transport, said he was concerned about the situation because it was putting pressure on...
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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