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Athens-based Danaos Corp. has extended its contract with China Shipbuilding Trading Co. to include a fifth 8,530-TEU vessel. All five ships will be built by the Shanghai Jiangnan Changxing Heavy Industry Co. Ltd. and are to be delivered from August 2010 to February 2011. The Greek company said it has reached agreement with an unnamed "large international l...
The Chinese government is putting the block on Korea’s STX at its new Dalian shipyard. The yard group will not be able to build big ships at the $1bn plant because regulations concerning foreign companies prevent it from constructing a drydock there. The company first made the decision to have a shipyard there after talking with the city of Dalian, b...
Singapore-based Neptune Orient Lines Monday reported a 10 percent rise in average revenue per FEU for its ocean carrier subsidiary APL during the four weeks ended Aug. 24, which it said reflects "continued strong container demand growth." APL's average revenue per FEU during the period improved to $2,910, from $2,651 a year ago. At the same time, APL moved ...
The Russian railways Company resumes the shipment of ferrous metals by its own open railcars to the Novorossisk sea commercial port, reports "Vedomosti". Starting from 11 September 2007 and due to cancellation, RZD issued a convention to NMTP because of large accumulation of railcars with the ferrous metals and impossibility to process them. Source:Se...
According to Kommersant, Pechersky court of Kiev has attached a 28.5% share of Ukrrechflot owned by Pavel Podlesniy, the former president of the company, and Mikhail Antipenko, the former vice-president. The complaint was declared by the shipping company Ukrrechflot. The former top managers of the company are accused of abuse of power which caused the ...
The Port of Vancouver USA board has approved a $1.4 million contract for expansion of rail service at a port bulk terminal. During its weekly meeting, the three-member policy-setting board awarded the contract to Yacolt, Wash.-based bidder Rotschy. The rail project, when completed at the end of October, will provide rail service to the port NuStar metha...
China's top economic planning organ is considering limiting investment in large-scale shipbuilding projects to prevent the market from overheating, according to the China Securities Journal. The National Development and Reform Commission (NDRC) and the Commission of Science Technology and Industry for National Defense (CSTIND) were reportedly working on r...
Continuing its expansion in Europe, Royal Caribbean Cruises Ltd. is launching a new cruise brand, CDF Croisières de France, committed to the French market. The new brand will begin sailing its first ship, Bleu de France, in May, after the ship has completed extensive renovations and undergone a cultural transformation wholly adapting the brand experience...
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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