Category archives for: Shipping News

CMA CGM Joins Forces with Box Trio

CMA CGM Joins Forces with Box Trio

French liner company CMA CGM S.A. announced a co-operation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL), in the North East Asia, Australia and New Zealand Trade commencing from Shanghai in early of November. The new service will be operated with 7 vessels of 4,250 TEU nominal […]

Soft Market Hurts Container Manufacturer

Soft Market Hurts Container Manufacturer

The unstable demand for new containers has restrained the performance of container manufacturer and logistics services provider Singamas Container Holdings Limited, according to the company’s interim results for the six months ended June 30, 2014. USD 678.7 Mln consolidated revenue, 16.9% higher than in 2013 Teo Siong Seng, Chairman of Singamas, said: “Demand for new containers […]

Sovcomflot Loading First Oil from Novy Port Field

Sovcomflot Loading First Oil from Novy Port Field

Sovcomflot’s product carriers SCF Yenisey and SCF Pechora started the transportation of first oil shipment from the Novy Port field in the Gulf of Ob (Yamal-Nenets autonomous region), in August 2014. At this moment, SCF Yenisey is being loaded while SCF Pechora is being prepared for cargo operations, the Russian shipping company said. The vessels have […]

Surrey Fraser Coal Terminal Gets Green Light

Surrey Fraser Coal Terminal Gets Green Light

Port Metro Vancouver has approved the proposed direct coal transfer facility at Fraser Surrey Docks. The decision comes following a two-year project review process and including extra measures taken to assess any potential environmental and human health risks. In granting the permit, Port Metro Vancouver requires Fraser Surrey Docks to meet a strict set of […]

Jones Act Enjoys Rock Solid Support, Says AMP

Jones Act Enjoys Rock Solid Support, Says AMP

The American Maritime Partnership (AMP), the voice of the domestic American maritime industry, issued a statement regarding a recent Reuters article on the Jones Act that raised several issues regarding its effect on oil exports. According to Reuters, “crude producers and refiners are exploring ways to get around the law (Jones Act) that makes it […]

Diana Expands Fleet, Agrees on New Charters

Diana Expands Fleet, Agrees on New Charters

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has through a separate wholly-owned subsidiary taken delivery of the M/V  G. P. Zafirakis, a 179,492 dwt newly built Capesize dry bulk vessel that the company entered into an agreement to purchase in June 2014. The M/V G. P. Zafirakis is […]

Annual Global Cost of Piracy Measured in Billions

Annual Global Cost of Piracy Measured in Billions

The global cost of piracy, including the cost of piracy off eastern Africa, remains uncertain, with existing assessments providing divergent estimates and conclusions. Studies carried out by RAND Institute and the IMB have estimated piracy costs to range between US$1 and US$16 billion per year, according to the latest UNCTAD report on maritime piracy. The […]

Statoil to Deliver LNG to Klaipeda Port

Statoil to Deliver LNG to Klaipeda Port

Lithuanian natural gas supplier and trader UAB LITGAS, part of Lietuvos Energija energy company group, signed a LNG supply contract with Norwegian company Statoil ASA to ensure continuous operation of the Klaipėda LNG terminal, LITIGAS said in a release. The contract also covers possibilities of LNG reloading – a new commercial activity in the Baltic Sea […]

URALCHEM Takes Controlling Stake in Ventamonjaks Terminal

URALCHEM Takes Controlling Stake in Ventamonjaks Terminal

URALCHEM, OJSC, one of the largest producers of nitrogen and phosphate fertilizers in Russia, has become a controlling shareholder in SIA Ventamonjaks. Ventamonjaks is the largest liquid ammonia transhipment terminal in the Baltic Sea. It has an annual capacity of 1 million tonnes and is located in the ice-free port of Ventspils. URALCHEM’s subsidiary, Uralchem […]

Sino-Global Swoops on Longhe

Sino-Global Swoops on Longhe

Sino-Global Shipping America, Ltd., an international shipping agency and logistic services provider, has executed an agreement to acquire all of the equity of Hong Kong-based  Longhe Ship Management  Co., Limited in a move to broaden Sino-Global’s service platform and gain expertise in the ship management business. Sino-Global’s agreement to acquire all of the equity of […]

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