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The Bank of Korea plans to urge domestic shipbuilders to settle contracts in won and to spread hedging activities over time to curb the currency's gains against the dollar. "For the currency market's stability, we need to take multilateral efforts such as encouraging shipbuilders to settle deals in won and spread sales of currency forward contracts," the ...
Rickmers-Linie and terminal operator Wallmann & Co are to extend their co-operation in the port of Hamburg, with Rickmers-Linie taking a 25.1% share in the Wallmann Terminal, effective January 1, 2008. The deal secures terminal capacity for Rickmers-Linie to handle breakbulk, heavylift and project cargo in its home territory. Wallmann & Co handles vessels...
Kuehne + Nagel closed a contact with Benneton Trading Taiwan Ltd, national subsidiary of one of the world’s premier manufacturers of casual clothing, footwear and accessories, to provide logistics services. According to the press-service of Kuehne + Nagel, due to the contact the company will be responsible for Benneton’s products transportation, customs ...
According to TradeWinds, the 628,000-cbf Duncan Island (built 1993) was travelling from Antwerp to Hamburg when 10 banana-laden containers fell overboard during a storm. Green bunches of bananas from Cuba washed ashore on two Dutch North Sea islands. The container fall also left a football-size hole in a 170-tonne tank. The hole was above the water lin...
According to Fairplay, a 5,500 TEU container ship hit the San Francisco-Oakland bridge yesterday morning, spilling 200 tonnes of oil. “Cosco Busan”, on charter to Hanjin since 2001, was leaving the port of San Francisco and heading for Busan. The collision, which took place in dense fog while the vessel was under pilotage, left a 50 m gash in the hull. T...
According to the press-service of Yang Ming Transport Corp., a new fortnightly service - Asia Europe Service Loop 3 (AES3) will be launched effective from the end of this November. Port rotation: Qingdao – Tianjin – Shanghai – Shekou – Singapore – Jeddah - Port Said – Thamesport – Antwerp – Rotterdam – Jeddah – Singapore – Qingdao. The first westbound ...
A new survey of US container volumes has revealed further drops in September, with peak-season weakness predicted to persist, reports Fairplay quoting Port Tracker, a monthly report by the National Retail Federation (NRF) and Global Insight. Volumes at surveyed US ports fell 1.9% in September against the year before. In August, box volumes fell 1.4%. Por...
SIBA Ships has set a new record for livestock shipment, moving 22,100 steers and heifers from Darwin (Australia) to Jakarta and Panjang (Indonesia) in one shipment aboard “Deneb Prima”. The previous global record was 20,900 cattle on the same ship. The cattle on board took 36 hours to load, weighed a total of 8,000 tonnes and consumed 200 tonnes of feed...
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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