Category archives for: News by topic

Rickmers-Linie Opts for Interliner Agencies

Rickmers-Linie Opts for Interliner Agencies

Hamburg based Rickmers-Linie has appointed Interliner Agencies as its new agent in South Central Europe. The agency contract covers Slovenia, Austria, Czech Republic, Hungary, Slovakia, Croatia, Serbia, Albania, Bosnia & Hercegovina, Macedonia and Montenegro. On 1 September 2014, Interliner Agencies took over all sales and agency activities in the above mentioned countries for and on […]

Norwegian Cruise Takes Over Prestige

Norwegian Cruise Takes Over Prestige

Norwegian Cruise Line Holdings Ltd., has entered into a definitive agreement to acquire Prestige Cruises International, Inc., parent company of Oceania Cruises and Regent Seven Seas Cruises, in cash and stock for a total transaction consideration of USD 3.025 billion, including the assumption of debt, the company announced in a press release. “The acquisition of […]

BFC Cleared for St. Petersburg Oil Terminal Expansion

BFC Cleared for St. Petersburg Oil Terminal Expansion

The Baltic Fuel Company Group (BFC) has received approval and permits from the St. Petersburg City Administration for creation of artificial lands of Turukhtannye Islands Oil Terminal. St. Petersburg City Administration has approved area planning documentation of land reclamation for expansion of Marine Oil Terminal “Turukhtannye Islands” based in the seaport Big Port St. Petersburg, […]

Khalifa Port Fifth Most Productive

Khalifa Port Fifth Most Productive

Abu Dhabi Terminals (ADT) has announced that Khalifa Port ranked fifth in Journal of Commerce’s 2013 Europe Middle East and Africa Port Productivity list. The Journal of Commerce, an independent research firm that focuses on global trade topics, measured the number of container moves per-vessel, per-hour at the world’s ports and marine terminals in 2013. […]

Global Liner Reliability Drops

Global Liner Reliability Drops

A global decline in performance of shipping lines has been recorded in July for the first time since February, according to SeaIntel’s latest Global Liner Performance report. The drop amounts to almost four percentage points from 75.6% in June to 71.6%, the report shows. Shipping giants Maersk Line, Hamburg Süd and Hanjin are still the most reliable liners, […]

New Tanker Joins Palmali Fleet

New Tanker Joins Palmali Fleet

Istanbul headquartered Palmali Group took delivery of 7,100 DWT tanker Shovket Alekperova on August 30, which is the seventh tanker of the RST22M project, reports Marine Engineering Bureau in a press release. A distinctive features of RST22M, RST22, 005RST01 and RST12 design tankers are fully revolving rudder propellers, an increased trunk, and submersible cargo pumps. The tankers do […]

Port of Los Angeles Set for Automation Upgrade

Port of Los Angeles Set for Automation Upgrade

One of the busiest container ports in the U.S.,  Los Angeles is selling about $340 million of debt, the most since 2009 so as to refinance debt and revamp port facilities, writes Bloomberg citing bond documents. The announcement comes after a deadlock on contract talks between longshore workers and shippers. The revamp will be targeted at automation […]

East-West Shippers Get Some Breathing Space

East-West Shippers Get Some Breathing Space

Ocean freight rates for cargoes moving under contracts on major East-West routes decreased by 6% between March and July, enabling hard-pressed shippers to reduce their costs, according to the results of Drewry’s Benchmarking Club. The cost reduction, based on contract freight rate data provided confidentially by Asian, American and European retailers and manufacturers to the […]

Active Methane Emission at Antarctic Seafloor Confirmed

Active Methane Emission at Antarctic Seafloor Confirmed

During an expedition with the German research vessel Polarstern off the sub-Antarctic island of South Georgia, an international team of scientists discovered more than 130 active methane seeps at the seafloor, Alfred Wegener Institute (AWI) said in a release. According to chief scientist and MARUM researcher Gerhard Bohrmann, this is the first report of greenhouse […]

NOCC Sells Two

NOCC Sells Two

Norwegian Car Carriers AS (NOCC) has entered into agreements to sell two of its vessels during the second quarter.  The two are “NOCC Caspian”, which was delivered to the new owner in July 2014 and “NOCC Coral” slated for delivery to the new owner by April 2015. Currently NOCC’s fleet consists of 10 vessels, the company said. […]

Advertisement





lb
McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams