Shipping News

SembMarine to set up shipyard in Saudi ArabiaNov 28, 2007

SembCorp Marine has set up a joint venture to start a shipyard in Saudi Arabia. This will be its first investment in the Middle East. SembMarine will invest US$6.6 million for a 60 percent stake in the venture to build, own and operate a floating dock for shipbuilding and ship repair. The remaining stake will be held by its Saudi Arabian partner....

Zaliv to Build Ships for Damen Shipyard BergumNov 28, 2007

Due to the contract signed by Zaliv shipyard and Damen Shipyard Bergum by Autumn 2009 the Ukrainian shipyard will have built 8 hulls of combined dry cargo vessels, reports RBC-Ukraine. It should be pointed out that the first hull was built in September 2007, in December of the current year the second hull will be completed, two other vessels are being bui...

Global Shipping Summit –shipping DavosNov 27, 2007

As the process of globalization speeds up, the world is turning to be “flat”. The economic environment has been changing dramatically. Industry classification and the frame of supply chain will be reconstructed in short future. It declares a new coming economic period of Jurassic. logistics industry as the platform of globalization will surely have all the ...

Norwegian shipping exec praises Filipino seafarersNov 27, 2007

Foreign ship owners, including the 200-member Norwegian Ship owners Association (NSA), prefer to hire Filipino seafarers who are considered as hardworking, dedicated, and loyal to the companies that hire them. Norwegian Training Center (NTC) Director Odd Magne Skei said NSA-member companies have noticed the working skills of Filipino seafarers and are ...

10 million containersNov 26, 2007

The port of Rotterdam is the first European port to have handled 10 million container units (TEU) in a single year. To celebrate this milestone, this morning Hans Smits, CEO of the Port of Rotterdam Authority, presided over the shipping of a specially painted container at the ECT Delta terminal. The box is destined for one of the Right To Play projects in...

China Shipping plans more activity on Shanghai stock exchange Nov 23, 2007

China Shipping Container Lines Co. Ltd. has submitted an application to China securities regulator to issue 2.34 billion ?shares on the Shanghai stock exchange. China Xinhua news service reported that the China Securities Regulatory Commission will consider the application of the Shanghai-based liner affiliate of the China Shipping (Group) Company thi...

COSCO Pacific sells containers for $195 million Nov 23, 2007

Florens Maritime, a container leasing subsidiary of COSCO Pacific, has agreed to sell 104,663 TEUs worth of marine containers to SLI Dritte, part of Germany Schroeder Group, in a deal valued at $194.7 million. Under the terms of the agreement, another COSCO Pacific unit, Florens Macao, will manage the containers for SLI Dritte. The volume of containers b...

China Shipping Container Lines to join TSANov 22, 2007

The Asia-U.S. container shipping research and discussion forum Transpacific Stabilization Agreement (TSA) will expand its membership with the addition of China Shipping Container Lines Co. Ltd. (CSCL), effective in January. China Shipping, based in Shanghai, operates a worldwide fleet of 153 containerships, with an aggregate capacity of nearly 437,000...

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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