Governments must act before thousands more lives lost The humanitarian crisis in the Mediterranean Sea is spiralling out of control. EU Member States must act urgently to prevent the loss of thousands more lives, as hundreds of thousands of migrants and refugees seek to escape to Europe in boats that are unfit for purpose and which are largely operated by people smugglers.
Supertankers Speed Up As Crude Oil Prices Fall One of the stranger pieces of news that came over the wire last week, was the fact that the world’s Ocean going supertankers are sailing at the fastest speeds in 2.2 yrs as a collapse in Crude Oil prices spurs demand for cargoes and drives up daily returns owners can make from deliveries.
Ocean carriers retain benefits of bunker savings - for nowLOWER volumes in the post-Chinese New Year lull in the Far East have caused spot rates on the Asia-north Europe market to dip below US$900 per TEU. Thursday, 05.Mar.2015, 20:46
PCC Intermodal's Frankfurt terminal adds Rotterdam serviceONE of Poland's leading intermodal transport operators, PCC Intermodal, will add a fifth weekly connection to Rotterdam from/to its Frankfurt (Oder) terminal in Germany later this year. Thursday, 05.Mar.2015, 20:33
Asia-Middle East, South Asia rates fall due to overcapacityCARRIERS serving the Asia to the Middle East and South Asia trades are struggling to maintain load factors to support freight rate increases with spot rates falling, according to Drewry Container Insight. Thursday, 05.Mar.2015, 20:30
Panalpina profit up 740pc in 2014 to US$89.65 million on flat salesSWISS forwarding giant Panalpina has posted a 739 per cent year on year profit increase to CHF86.5 million (US$89.65 million) in 2014, drawn on revenues of CHF6.7 billion, which was down 0.7pc. Thursday, 05.Mar.2015, 20:21
Evergreen Line to launch two new intra-Asia servicesEVERGREEN Line is implementing service enhancements for its services to/from Southeast Asia in light of the strong growth potential of the Intra-Asia trades. Thursday, 05.Mar.2015, 20:16
'K' Line plans to beef up bulk and LNG fleet, remove containershipsJAPAN's No 3 container shipping company, "K" Line, will cut its containership fleet from 70 to 61 while increasing the size of its LNG, bulk and car carriers over four years, taking the total fleet to 564 ships. Thursday, 05.Mar.2015, 20:11
New cranes double capacity of Pacific National's Sydney terminalTHE intermodal terminal capacity of Pacific National's Sydney Freight Terminal (SFT) in Chullora is being doubled from 300,000 to 600,000 TEU each year with the installation of two new A$30 million (US$23.5 million) rail mounted gantry cranes supplied by Konecranes. Wednesday, 04.Mar.2015, 21:54
Panama Canal engages in public consultation on new toll structureTHE Panama Canal Authority (ACP) recently held a public hearing on its proposal for a new toll structure announced in January that is expected to come into effect in April next year. Wednesday, 04.Mar.2015, 21:51
Greek banks mull selling shipping debt to pay soaring welfare billFOLLOWING the securing of an extension to its bailout from the EU, Greek banks are considering selling their shipping debt to pay the country's soaring welfare bill as the new socialist government takes on new social obligations Reuters reports. Wednesday, 04.Mar.2015, 21:15
State funds re-opening of Marseille giant drydock after 15 yearsTHE Marseille-Fos giant Drydock, closed 15 years ago, will be reopen in the autumn after a EUR28 million (US$31.7 million) state-funded renovation to be completed in September, reports London's Tanker Operator. Wednesday, 04.Mar.2015, 21:10
'K' Line's Long Beach terminal operator orders 4 super quay cranes"K" LINE has announced that it subsidiary, International Transportation Service Inc (ITS), has placed an order for four of the largest gantry cranes with Mitsui Engineering & Shipbuilding to be installed at Long Beach. Wednesday, 04.Mar.2015, 20:56
Capt. Cahit Istikbal has been IMPA Vice President for 3 terms , 12 years in total. Captain Istikbal was nominated for IMPA President for elections at General Assembly which will be held in Panama early this April. We interviewed with Capt. İstikbal on almost everything..
On Jan 23, 2015 at 9:20 p.m. the 190-meters long, Maltese flag "Perth 1" laden with 53.148 M/T of Corn, suffered an engine failure during the North-south Transit of the Dardanelles at Kanarya Burnu area.
Human error is held responsible for more than 80% of all accidents at sea. Despite the increase in availability of more reliable data for decision-making onboard ships, accidents related to human error still occur.
JAPAN's biggest shipping company, MOL, has announced it will implement a general rate restoration for all types of cargo moving from Asia to the east coast of South America, starting March 18.
One of the stranger pieces of news that came over the wire last week, was the fact that the world’s Ocean going supertankers are sailing at the fastest speeds in 2.2 yrs as a collapse in Crude Oil prices spurs demand for cargoes and drives up daily returns owners can make from deliveries.
In the morning of Feb 24 the abandoned "Kerem S" which had run aground off Patmos 16 miles west of Leros after engine failure on Feb 20, was swept off the rocks and finally sank in ongoing inclement weather with winds of 8 Beaufort.
Cheap oil is awesome, right? Most economists describe it as a sort of tax cut for Americans at the gas pump. Even Larry Fink, a hot-shot Wall Street money manager, declared oil’s decline “spectacular.”
The Asyaport in Tekirdag
Crisis in Mediterranean!
Strange but true!
20, 000 TEU each
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