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Media
AFTER the 50 years of containerisation, Finland's Cargotec is imagining the future and what the port and harbour world might look like after a full century of container shipping. Inviting "out of the box thinking", Cargotec employees imagined that by the year 2060, mega ports would be offshore on artificial islands where layout can be optimised. Floating...
A WALL STREET's Longbow Research Truckload Barometer shows supply tightening after a month of slackening demand and joins others in predicting tighter capacity to come because of rising labour, equipment, fuel and financing costs. While other indicators show a slowing recovery, this weekly index increased 14.1 per cent week-to-week in the last week of Ma...
FIRST Container Terminal at St Petersburg handled between January and May a total of 484,671 TEU, an increase of 6.6 per cent compared to the same period a year earlier. In May alone container throughput reached a record 115,295 TEU, up 13 per cent year on year. Since the beginning of the year box traffic between FCT and National Container Company's of...
THE competence of ships crews is failing to keep pace with the advancement in technology and more sophisticated ship operations as well as an increasingly stringent regulatory environmental, reports Tanker Operator. "Training and competence in bunker management must start in school, not on the vessel. We see a major problem with young seafarers working on...
THE Baltic Exchange, or Baltex, has opened online trading in dry bulk derivatives, signing on Cargill, Morgan Stanley, Toepfer, and shipping hedge fund M2M Management, with Cargill being the biggest player, accounting for 200 million tons. Supervised by Britain's Financial Services Authority, Baltex provides Forward Freight Agreement (FFA) prices and onl...
THE risk of oversupply of containerships is growing because cancellations and order postponements will do little to reduce the flow this year, according Paris-based maritime analysts Alphaliner, whose research shows 2011 cancellations and delays will return to pre-downturn levels - five per cent - following the dramatic cutbacks of 2009 and early 2010. "...
WHILE CMA CGM denies knowledge of carrying weapons from Iran, a Texas Republican congressman is presses the US Government to consider sanctions against French container shipping line. Congressman Mike Conaway has called on Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner to consider imposing sanctions against the shipping line f...
THE UN's International Maritime Organisation (IMO) has issued guidance on the management, types of weapons, ammunition, insurance and rules of engagement agreed between the shipowner, the master and security contractor on ships in pirate infested waters off Somalia and the Indian Ocean. The IMO safety committee outlined the use of guards for a flag state...
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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