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LONDON - LONDON remains the world's leading maritime centre fuelled by growing seaborne trade and booming demand for new ships, according to a report released on Monday. The International Financial Servces, London (IFSL) report said the British capital led the way in key sectors of the industry which has been bouyed by a 48 per cent increase in seaborne tra...
International Shipholding Corp. said it has agreed to purchase a Panamanian-flag pure car and truck carrier that will be re-flagged under the U.S. flag. The ship has a capacity of 6,400 car-equivalent units (CEU). ISC operates a fleet of varied ships including dry bulk carriers, roll-on/roll-off ships, a sulfur tanker and rail ferries. Prior to the deal, I...
24 September 2007 the Dutch company Rensen Shipbuilding ordered the construction of 3 bulkers at Zelenodolsky shipyard on its own project. According to Tatar-Inform, the construction of the vessels will be performed in accordance with the international convention of the shipbuilding rules. The sum of the contract is not revealed. Source: Seanews
US-based nautical college Massachusetts Maritime Academy is attempting to be a pioneer in using renewable energy initiatives according to a report in Cape Cod Times. The newspaper reports that the academy has just dedicated a US$14.7m dormitory expansion and upgrade project, which includes rooms and amenities were built with recycled materials and new fi...
THE crew of the Panama-flagged cargo vessel Meugang 1, which had been abandoned at Santander , Spain, has received outstanding wages backdated to October last year, following intervention by the International Transport Workers' Federation (ITF) and two of its Spanish affiliates ELA-hainbat and the local branch of CCOO. According to ITF the new owner last...
SINGAPORE-listed international bunker supplier Chemoil has sold the VLCC it bought to provide short-term storage at Singapore for US$26.5m. The 225,000 dwt Anand Sea has been bought by Glory Town Investments Limited. Chemoil’s Chief Financial Officer, Jerome Lorenzo said: “In view of the earlier than scheduled commencement of our land based storage termi...
BOCIMAR International, the dry cargo shipowning subsidiary of Belgian-based CMB has ordered 10 handysize bulk carriers from Samjin Corporation, South Korea) for US$36m per vessel. The 33,500 dwt vessels are scheduled for delivery between September 2009 and December 2010. In addition, as part of a 50/50 joint venture with Drylog, Bocimar has ordered a 180...
Palmali group of companies intend to build a new shipyard in Turkey. The company purchased about 20 hectares in the region of Yalova in Turkey to build the shipyard, the company reported. The company is planning to invest about $60mln in the project. Construction of tankers and dry cargo ships will commence from 2008. Initially tankers for transport of c...
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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