 |
News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News". The main aim is to daily outline the international course of ocean-going shipping, to note the new trends and provide information and a mean of expression to professionals... |
Sea shipping
— 14 May 2008
Mitsui O.S.K. Lines, Ltd. yesterday announced plans to construct 53 new iron ore carriers to meet rising demand for iron ore transport as the world economy continues to grow. The move is part of the growth strategies in the company’s midterm management plan MOL ADVANCE ― focusing management resources on growing fields in ocean shipping. Worldwide demand for iron and steel is expected to show... »
— 14 May 2008
Mitsui O.S.K. Lines Ltd., Japan's second-largest shipping line by sales, will exceed its first-half operating profit forecast by ``several billion yen'' as it charges more to transport coal and iron ore. Daily charter rates for the company's largest ships are higher than forecast, which will help it surpass its estimate of 140 billion yen ($1.3 billion), Kenichi Yonetani, a managing executive... »
— 14 May 2008
Hanjin Shipping recorded a first quarter loss in net profit of US$28 million on the back of high fuel prices and a weak Korean won. In a statement, the South Korean carrier said it was planning to apply a controversial floating bunker charge to minimise the loss caused by the rapid changes in global oil prices, as well as rationalise its services. “We are concentrating all our efforts on... »
— 13 May 2008
The world container demand will drop 10 to 20 per cent or even more in 2008 if another economic crisis occurs, according to China Container Industry Association. It will be so different from the situation in 2007, when the container demand reached its peak, the sale volume being 3.92 million TEUs, of which 3.75 million TEUs were produced in China alone, a spokesperson for the association has been... »
— 13 May 2008
SHIPPING giant Hapag-Lloyd is relocating its Liverpool staff into a single city centre location. Around 60 staff are currently located across two sites – India Building and the Royal Liver building – are moving to a new home in the Grade II Listed Port of Liverpool Building. Hapag, one of the top five shipping companies in the world, has awarded the £300,000 contract for the design and... »
— 05 May 2008
Gulf Navigation Holding PJSC, has announced that it has taken delivery of the Gulf Fanatir a newly built vessel constructed at the Hyundai Mipo Dockyard in Ulsan, South Korea. Contracted at a cost of USD 54.35 million the ship is the first of a series of four sophisticated chemical carriers ordered by Gulf Navigation PJSC. With deadweight of 46,200 metric tonnes, a capacity of 54,300 cubic... »
— 05 May 2008
The joint meeting of Iran and Azerbaijan on shipping cooperation will be held in Tehran for three days as of May 4. Announcing this on Saturday, the deputy head of Ports and Shipping Organization noted that the meeting aims to bolster bilateral shipping ties, develop marine and ports transportation, prevent oil pollution and carry out joint search and rescue operations between the two countries. ... »
— 05 May 2008
The United Arab Shipping Agencies Company (UASAC), an affiliate of the United Arab Shipping Company (UASC) announced it secured KD one million in net annual profits in 2007. The figure represents 202 percent of the paid capital of the company, UASAC Director General Walid Al-Abd Al-Qader said in a press release here following the annual General Assembly meeting. Activities
The meeting probed a... »
— 05 May 2008
West Asia Maritime Limited (WAM), a part of Dubai-based diversified business conglomerate ETA, has signed a twelve-and-half-year Bareboat Charter (BBC) with purchase option contract with Mitsubishi Corporation of Japan for chartering two Handymax (+55,000 dead weight tonnage (dwt)) bulk carriers, according to Abdul Qadir A. Rahman Buhari, Managing Director, West Asia Maritime.
Addressing a press... »
— 03 May 2008
Norwegian marine and offshore systems and equipment provider TTS Marine ASA said on Friday (2 May) that its subsidiary, TTS Offshore Handling Equipment AS, has secured an order for anchor handling winches from a Korean shipping company. The NOK33m order, to be delivered before the end of 2009, covers winches to two anchor handling vessels under construction in Japan. The customer also has an... »
— 02 May 2008
Cosco Corp. Singapore Ltd. aims to draw one third of its business each from ship repairs and conversion, new shipbuilding and offshore marine engineering services. The three key businesses contribute S$653.1 million (US$481.2 million) or 91 per cent of the company's S$717.6 million (US$528.8 million) revenue during the January to March quarter. Of the total revenue from the three key business... »
— 24 Apr 2008
Iran's leading shipping company has said US sanctions against Tehran over its controversial nuclear programme have hurt the industry, the Aftab Yazd newspaper reported on Wednesday. "Currently, because of unfair UN sanctions and US pressure on foreign ships not to cooperate with Iranian-flagged ships, we cannot have our flag on all of our vessels," the head of Bonyad Shipping Company (BOSCO), Ali... »
— 24 Apr 2008
DNV’s conclusion as a result of its extensive investigation into the MSC Napoli accident in January 2007 is: The accident’s cause is not a general problem for the container shipping industry at large. However, minor structural modifications have to be made to a very restricted number of the existing container ship fleet. Related directly to the MSC Napoli, DNV concludes that the buckling... »
— 24 Apr 2008
Horizon Lines, Inc., the nation's leading domestic ocean shipping and integrated logistics company, has renewed its contract wit Walgreens to remain the drugstores' primary carrier to Puerto Rico for the next two years. Walgreens currently operates 6,271 stores nationwide including 73 stores in Puerto Rico. As the drugstore chain continues its growth on the island, Horizon Lines will be... »
— 24 Apr 2008
The Shipping Corporation of India (SCI) proposes to outsource management of ships. Keeping in view the business dynamics and availability of qualified and competent manpower, the shipping companies all over world including some Indian companies often place their vessels for manning and management under the charge of competent and qualified managers in course of their business. The Shipping... »
— 23 Apr 2008
China Cosco Holding Co., owner of the world's largest dry-bulk fleet, on Tuesday announced 2007 profits up by 152 percent, helped by higher shipping rates and robust growth of dry-bulk services. Net income rose to 19.1 billion yuan (2.7 billion U.S. dollars), or 2.05 yuan per share, from the restated 7.6 billion yuan, or 0.90 yuan per share, in 2006, the company said in a statement to the... »
— 22 Apr 2008
With a festive gathering of more than 100 representatives from Chinese shipyards, the maritime supply industry and shipowners, Germanischer Lloyd inaugurated its new Station in Yangzhou, Jiangsu Province, yesterday. The team of more than 20 employees under the management of Station Manager Gerhard Patz service the ship newbuilding at five shipyards and 90 component manufacturers. In addition,... »
— 22 Apr 2008
Many players in the global shipping industry are seeking to benefit from the Middle East’s growing shipping market – but UAE-registered Emarat Maritime continues to set its sights elsewhere. The ship-owning and operating arm of the Sharaf Group is determined to maintain its international business model despite the regional successes of the shipping industry resulting from increasing global... »
— 22 Apr 2008
As of today (22 April 2008) IMO will be fully operational, once again, from its Headquarters on London 's Albert Embankment, following a 20-month period in temporary accommodation while the Headquarters building underwent major refurbishment. The first major meeting to be held in the refurbished Headquarters will be the 84th session of the Maritime Safety Committee (7 to 16 May) and the building... »
— 22 Apr 2008
The Philippine Maritime Industry Authority (Marina) has warned it will cancel the licenses of all single-hull oil tankers once a ban on these vessels takes effect from April 30, according to local press reports.Tanker operators, however, are still negotiating with Marina for an extension of the deadline. The country's largest bunker supplier Petrotrade Philippines Inc., for instance, is in talks... »
— 21 Apr 2008
Shipping services across Qiongzhou Strait in south China resumed Saturday after a 17-hour suspension due to typhoon Neoguri. The Maritime Safety Administration Bureau of Hainan Province revoked the suspension at 11:40 a.m. Saturday, considering the waters were safe. Passengers and vehicles have begun to board on ships at Xiuying Port in Haikou, capital of Hainan. Typhoon Neoguri, the first to hit... »
— 21 Apr 2008
Several Indian shipping firms, including the public enterprise Shipping Corporation of India, plan to approach the Shipping Ministry requesting for a change in technical qualifications required for developing the container terminals at Ennore and Chennai ports. The technical parameters in the request for qualification (RFQ) document of Chennai and Ennore ports are set in a manner that would make... »
— 21 Apr 2008
Exporters may face multiple year shipping crunch U.S. exporters’ difficulties in securing ocean transportation for their products may not go away anytime soon, said participants in a roundtable discussion Thursday. While exporters may get a bit of a breather in coming months as the peak shipping season causes some carriers to increase capacity, the space crunch for outbound shipments is likely... »
— 17 Apr 2008
Neptune Orient Lines, a container shipping line, is looking at a merger with German container liner Hapag-Lloyd as an option to expand its business, the Singapore group's chief executive said on Wednesday. The comments come after Hapag Lloyd's parent, German tourism-to-shipping company TUI, last month bowed to investor pressure and agreed to look at selling the business. "We have to look at all... »
— 16 Apr 2008
Charles G. (Chuck) Raymond, Chairman, President and CEO of Horizon Lines, Inc., yesterday outlined a road map for developing a U.S. Marine Highway that will ease congestion around gateway trade corridors and improve the overall efficiency of America's transportation system. Raymond told attendees at North America's Marine Highways Conference that Horizon Lines is working with maritime unions to... »
— 16 Apr 2008
The UK Ship Register (UKSR) is proud to be visiting Mumbai during week commencing 21 April 2008 to promote the 'UK Flag' to the Indian maritime industry, as 'the world's most prestigious and reputable shipping register'. This will be the UKSR's first visit to India. The UKSR will hold a seminar on Tuesday 22 April at Taj Lands End Hotel, Bandstand Bandra (W) Mumbai to which many shipping company... »
— 16 Apr 2008
Rickmers Line, the German shipping major which specialises in global transportation of break bulk, heavylift and project cargo, is eyeing acquisitions of warehouses and road transport firms with trucks and trailers in India. It also wants to get into break-bulk terminal handling in ports along with partners. This would help Rickmers — which handlesfive lakh tonnes of cargo in India annually... »
— 15 Apr 2008
FESCO Transportation Group Co., Ltd held its first annual meeting in Hong Kong on March 24-26, 2008.
For the first time, the agency meeting welcomed the following: FESCO Liner & Logistics Division and railway operator Transgarant Co., Ltd, a Baltic feeder liner operator; FESCO ESF, a forwarding company; TIS; FESCO Wallem Management; American colleagues; and representatives of the whole FESCO... »
— 15 Apr 2008
In a move aimed at bringing Indian maritime safety standards in line with global regulations, the government would soon impose stricter norms for older vessels plying in domestic waters. Besides ensuring that age of the vessel is not more than 25 years, the government would also consider insurance status and flag of the carriers to regulate ships. While offshore vessels of more than 25 years... »
— 15 Apr 2008
We are pleased to announce that Maersk Line has entered a Vessel Sharing Agreement (VSA) with MISC Berhad in the South East Asia – New Zealand trade. The agreement will take effect 9 June 2008 and the service will deploy four 4,100 TEU vessels. Maersk Line will operate three of the vessels and MISC Berhad will operate the fourth. The service remains unchanged to the product Maersk Line offers... »
