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It banked $406.3m last month, according to Canal Authority spokesman Mahmud Abdel Wahab. Improvement has been put down partly to discounts offered to certain classes of ship, such as LNG carriers and vessels carrying goods from China. About 7.5% of global trade passes through the canal. It opened in 1869 and is Egypt's third largest source of ...
The transport Group FESCO acquires 100% of shares of M-Port, which controls Vladivostok Commercial Sea Port. The deal, which will have 2 stages, is to be completed by September, 17. The amount of payments during the first stage will total $90 mln. The amount of payments during the second stage is not reported. The VMTP development strategy for 15 ...
London: The world's main crude export route sank to a four-year low last Tuesday, hit by strong fleet supply, long-standing Opec cuts and refinery maintenance in Asia, according to brokers and analysts. The Very Large Crude Carrier (VLCC) route from the Gulf to Japan struck W50 - its lowest level since October 2003, according to Reuters data. The Lo...
ATHENS, Greece--(BUSINESS WIRE)--Paragon Shipping Inc. (Nasdaq: PRGN - News) announced today that it has completed the acquisition of two of the three drybulk carriers that it contracted to acquire using the net proceeds of its recent public offering together with bank borrowings. The third vessel remains scheduled for delivery before September ...
As part of its billion-dollar North American expansion, DHL has opened an international gateway in Hermosillo, Mexico. The new gateway serves to penetrate a growing shipping market between northwestern Mexico and the United States, the Plantation-based delivery firm said. Daily flights will run between Hermosillo and Phoenix, with a...
Dubai Drydocks World LLC has launched a bid for all outstanding shares of Pan-United Marine Ltd. that values the Singapore shipyard at 648 million Singapore dollars (US$421 million; euro315.5 million). The offer of S$2.38 per share by the government-owned Dubai Drydocks, a unit of Dubai World, will close July 11, the company said in a statement Dubai Dry...
GLOBAL - A new satellite service is designed to promote ship operations efficiency, expand on-board business to more closely reflect the home office, and boost crew morale. Around-the-clock broadband service is under development for the maritime industry, according to an announcement Tuesday by Telenor Satellite Services, which plans to provide seamless gl...
Beginning this July, Tuesdays will become container cargo day at the Port of New Hampshire A container vessel named the Seaboard Navigator will arrive every Tuesday morning at the Market Street terminal to drop off and pick up cargo on its way to Halifax, Nova Scotia in Canada. The Portsmouth port of call will be part of the New England Canada Express S...
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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