Media
Media
OCEAN freight rates are softening on four main ocean trades since the beginning of the year as anticipated growth in tonnage damages services with particular pressure on rates for Asia/Europe trade. The Shanghai Containerised Freight Index (SCFI) said the rates on Shanghai to Europe services have dropped by US$39 to $1,342/TEU compared to week previous, a...
RPP Containers, a leading manufacturer, stocking distributor and recycler of reusable, plastic bulk containers, is pleased to announce the addition of a new 39-inch height size of environmentally-sustainable, DuraGreen™ collapsible bulk containers, Company says. RPP Containers has added a new height size of 39 inches to its DuraGreen™ 4840 Foo...
Fairstar Heavy Transport has been awarded a US$900,000 contract by Grinaker - LTA Construction based in Nigeria to transport equipment to the Niger Delta. The Fairstar semi-submersible vessel Fjord departed from its home port in Rotterdam on Jan. 21 and is now sailing to a rendezvous point in the vicinity of the Chevron Escravos Gas to Liquid facility in ...
The President and CEO of Wärtsilä Corporation, Mr Ole Johansson, has decided to retire after turning 60 years of age in June, using the right stipulated in his executive contract. The exact timing of his retirement will be announced later. Also, Mr Johansson will not be available to continue in his position as a member of the Wärtsilä Bo...
Chipolbrok has taken delivery of the Chipolbrok Galaxy, the fourth of six multipurpose vessels ordered by the Shanghai-based carrier. The 30,000-deadweight-ton newbuilding with a maximum lifting capacity of 640 tons has been designed for the transportation of breakbulk and project cargo on Chipolbrok’s global liner services. The Galaxy will arrive i...
A container terminal of Fourth Stevedoring Company started operating on a regular basis. The stevedore offloaded today 161 reefer containers from the APL Line’s Empire containership, Seaport of St. Petersburg Group’s press service said. The first boxes were handled in a test mode on Dec. 25, 2010 when the Atlantic Ro-Ro Carriers’ contain...
Singapore: A Singapore-registered tanker sank off the Indonesian island of Bintan on Thursday afternoon. The asphalt tanker AB9 started listing at 15-10hrs while on off the east of Bintan on Thursday and sank at 17-00hrs, the Maritime & Port Authority of Singapore said. The vessel owned by AB1 Shipping was bound from Singapore to Sumbawa, Indonesia. ...
Seoul: Hanjin Shipping's net profit returned to the black in 2010, lifted by higher earnings as global cargo transport volumes and freight rates improved. Revenues last year from the container and bulk divisions hit $8.14bn, up 44.9% from $5.61bn in 2009, while operating profit surged to $535m from a loss of $736m in 2009. Net profit soared to $229m fro...
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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