Stockholm Terminal Sets Container Record

The container terminal at Frihamnen, Sweden has set a new record for the number of transported containers.

The total number of containers in 2016 will be around 54,000 TEUs, exceeding the previous record of about 51,000 TEUs. 

Ports of Stockholm stated: “It is extremely positive that the number of containers has increased at Frihamnen as we are simultaneously building a new freight port that in the future will account for a major portion of the supply of goods to the rapidly growing Stockholm region.” 

The container terminal at Frihamnen is being used by the world’s second largest container shipping company, MSC, as well as Team Lines, TransAtlantic Container and Unifeeder.

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ZIM is leaving Transpacific Stabilization Agreement

As per the last revision of Transpacific Stabilization Agreement (TSA), Israeli ocean carrier will withdraw it on December, 31. ZIM is going to be the 5th carrier that is quitting TSA, after  China Shipping, Hanjin, Kline and NYK. TSA is an agreement between major container carriers moving through the Far East and the USA. TSA and ZIM officials were not available for the comments on above. At present, the following carriers are still listed as members: CMA CGM, OOCL, Maersk, MSC, Hapag-Lloyd, Evergreen, COSCO, APL, Hyundai Merchant Marine and Yang Ming. According to the recent reports, these companies are loading in total more than 91,000 TEUs per week from Asia to the US east coast which makes it the majority on the transpacific route.

A great project for Scottish port expansion was approved by local authorities. It will cost 350 million British pounds and will allow the world's largest vessels handling for many industries. Also, the construction contract has already been signed with Dragados UK, one of the preferred bidders.

The project was under planning and consulting for six years and here is what it's supposed to contain: 1.4 km quay with a water depth up to 10.5 meters and 125 square meters of lay-down area. It will create more than 7000 jobs and improve Scottish infrastructure in wide range of industries.

It's scheduled to be completed by summer 2020.

Greek shipowner New Shipping Ltd has signed a Letter of Intent to construct two 320,000 dwt tankers.

The company will pay USD 70 million for each of the two very large crude carriers (VLCC).

In addition to these two ships, New Shipping Ltd has options to order two more VLCCs, all of which would be built by China’s Jinhai Heavy Industry.

The 48,256 mt vessels are expected to be ready by 2019, according to VesselsValue.

New Shipping Ltd currently operates nine VLCCs, four Suezmaxes and six Aframaxes, plus bulk carriers.