DANISH shipping giant Maersk has placed a US$2 billion order for ten 18,000-TEU ships - the world's biggest containerships by far - with South Korea's Daewoo Shipbuilding and Marine Engineering, Reuters reports. Maersk was said to be planning 18,000-TEUers, making them 4,000 TEU larger than its largest ship - the world's biggest - the 14,000-TEU Emma ...
HONG KONG Convention and Exhibition Centre (HKCEC) will stage a booth from the Hong Kong Maritime Industry Council at the Education and Careers Expo 2011 from February 17-20 for school-leavers and graduates to discuss entry requirements to the maritime industry. "Job opportunities in the maritime industry will remain plentiful in the foreseeable future, a...
JAPANESE shipping giant MOL has announced an Emergency Risk Insurance Surcharge (ERS) for trade lanes to and from Pakistan, Indian Ocean, Arabian Sea, Gulf of Oman and Middle East from March 15. The ERS rates are US$25 per TEU and $50 per FEU and high cube container. This is in conformity with the recently reviewed hull insurance premiums suggested by t...
THE Royal Navy's frigate, HMS Cornwall, intercepted a Yemini dhow commandeered as a pirate mothership, liberated its hostage crew, held the Somalis pirates who had seized the vessel, but let them go, reports London's International Freighting Weekly. "Unless navies capture pirates undertaking an act of piracy, there is a very limited legal basis on which...
IRAN's Islamic Republic of Iran Shipping Lines' (IRISL) handymax bulker Sinin sent out a distress signal 350 nautical miles east of Masirah, Oman in the North Arabian Sea that it was under attack and was heading for the Somali coast. The Maltese-flagged ship and its crew of 13 Iranians and 10 Indians was subjected to heavy rocket attack en route from Fu...
SOUTH KOREAN shipbuilder Hyundai Heavy Industries has secured an order for six 8,800-TEU, wide beam ships to join the Mediterranean Shipping Company's fleet on long-term charters. Half of the box ships on order will be built for Ofer Bros and the remainder for the Schulte Group, with delivery slated to begin in September 2012. "It brings to 18 the numb...
OCEAN liners Cosco, "K" Line, Yang Ming Marine Transport Corp. and Hanjin Shipping which together form the CKYH Alliance are commencing a sixth Far East-US east coast loop (AWE-6), starting May 1, raising the group's weekly capacity to the US east coast by 25 per cent. The AWE-6 will run in nine weeks, deploying nine 5,000 to 5,700-TEU ships, reports Alp...
SINGAPORE's biggest shipping company, Neptune Orient Lines (NOL), returned to profitability with earning of US$461 million (S$589 million) for the year ending December 31. Higher freight rates and rising demand meant NOL's box unit APL, the world's seventh-largest container shipping firm, managed to erase a 2009 loss of $741 million. Group revenue ...
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