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16 August 2007 at their extraordinary meeting the shareholders of Tuapse Commercial Sea Port voted against the early termination of the privileges of the port's director general Sergey Kozlov. According to Interfax, the shareholders also decided to convert 165 548 common shares worth 2.1 th. rub. per share into 8 749 211 800 shares worth of 0.04 rub. p...
NEW YORK (AP) -- Ship Finance International Ltd. said Wednesday its board declared a quarterly dividend of 55 cents per share. The dividend will be paid on or around Sept. 13 to shareholders of record as of Aug. 31
CHARLOTTE, N.C. (AP) -- Shipping and logistics provider Horizon Lines Inc. said Wednesday it has bought Aero Logistics, a third-party logistics provider.The company did not disclose the terms of the deal. Aero will become part of Horizon's new logistics business, Horizon Logistics, Horizon Lines said. Aero designs and manages custom freight shippi...
During the 6 months 2007 the net income of the Archangelsk Commercial Sea Port deceased by 8 times in comparison with the similar period of the last year and totaled 3.014 mln. rub. The port's revenue totaled 292.227 mln. rub, which is 29% greater than in 2006. The gross profit increased by 3.9 times for up to 34.433 mln. rub. As the port...
Tuesday August 21, 5:57 pm ET DryShips Swings to 2nd Quarter Profit on Increased Voyage Revenue, Capital Gain NEW YORK (AP) -- Drybulk shipper DryShips Inc. said Tuesday it swung to a profit in the second quarter, on an increase in voyage revenue and capital gains from a vessel sale. Net income rose to $110.2 million, or $3.11 per share...
JOHN-Fredriksen-controlled dry bulk operator Golden Ocean Group made a Q2 net profit of US$25.6m, only slightly up on last year's equivalent figure of $25.2m, on total operating revenues of $124.7m. However net operating income increased to $44.1 million compared to $31.6 million in the first quarter. In April 2007, the company acquired two newbuilding co...
Dry Bulk Shipping Rates Slip, but Remain Near Record Highs NEW YORK (AP) -- Spot charter rates for some dry bulk vessels, which carry cargoes such as coal, iron ore and grain, eased again Monday after falling slightly Friday. The Baltic Dry Index closed down 24 points at 7289 -- still only about 30 points below its all-time high. The Baltic D...
At their special meeting the shareholders of Novorossisk Shipyard (NSRZ) are going to consider the loan of 175 mln rubles for 3 years from the Novorossisk Commercial Sea Port Fleet (Flot NMTP), the company informs. The probable interest rate will amount to 7-9% yearly, reports AK&M. The agenda of the special meeting on September 21, 2007 ...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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