Ship Finance International Limited today announced that the Company has agreed to build four 8,700 TEU newbuilding container vessels at a major shipyard in Korea. The contract price is attractive and the vessels are scheduled to be delivered to us in 4Q 2014 and 1Q 2015. Ole B. Hjertaker, CEO of Ship Finance Management AS, [...]
Under the auspice of HE Said Hamdoon, Undersecretary Ministry of Transport and Communication, Oman International Container Terminal ground breaking ceremony took place on May 16th to mark the start of the expansion of their container terminal capacity in Sohar. The construction will pave the way to increase the terminals’ capacity from the current 800,000 TEU [...]
Mitsui O.S.K. Lines, Ltd. today announced the completion of a tabletop drill done in cooperation with the 5th Regional Coast Guard Headquarters. The scenario entailed a containership operated by MOL Liner Division (Hong Kong) and managed by an MOL Group ship management company (Hong Kong) colliding with a coastal freighter in Osaka Bay, Japan. The [...]
Aliança’s new container ship “Sebastião Caboto” was christened on May 15th at the Terminal Maritimo de Passageiros in the Port of Santos. The vessel’s sponsor is Deise Krause, wife of Luis Augusto Krause, Director Logistics, Sales and Marketing of the Aliança customer Josapar. The “Sebastião Caboto” is the first of a series of four identical [...]
Lomar has announced acquisition of four container vessels and three chemical tankers. The 2,500 TEU Luna built in 2002 and the 1,100 TEU Stadt Muenchen built in 1999 have been acquired for an undisclosed sum. CEO of Lomar, Achim Boehme, stated: “These acquisitions further assert our commitment to the container vessel sector having placed orders [...]
Western Marine Shipyard has signed a new agreement for newbuilding of one more container ship on 12 May 2013. This ship will be constructed for Bancan Shipping. The deal was signed by the Managing Director of Western Marine Shipyard Mr. Sakhawat Hossain with the Chairman of Bancan Shipping Mr. Mohammed Ilias on behalf of their [...]
Irish Maritime Development Office (IMDO) released on May 9 a Shipping Markets Review for the week 18, 2013, providing an in depth analysis of international shipping markets and a global economic overview for the week. With respect to container market, withdrawals and void sailings on the Asia – Europe trade lane are not enough to [...]
CMA CGM, MSC, Maersk Line and Hamburg Süd representing 40 percent of the world container shipping industry have met to discuss the piracy threat towards international shipping. The meeting focused on piracy in the Gulf of Aden, the Indian Ocean and West Africa. The cooperation between CMA CGM, MSC, Maersk Line and Hamburg Süd includes [...]
Colombo International Container Terminal Plc, (CICT) a unit of China Merchant Holdings (International) will begin discussions with potential customers shortly with the first berth due to open in July. “The port of Colombo can accommodate mega vessels,” CICT chief executive Yunshu Liu said on the sidelines of ports and logistics conference organized by Seatrade a [...]
Recently, China Communications Construction Group (CHEC) has won the bids for Stage 1 of Phase 3 of the container terminal project in Cologne, Panama, the terminal construction and repair project in San Vicente, Chile, and the watercourse flood mitigation project in St. Marks, Grenada, with a total contract value of some 140 million US dollars. [...]
