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In the first quarter of 2009, net profit of Taganrog Ship Repair Plant (TSRP OJSC, Rostov region, part of Valars Group) totaled RUR 36.862 mln against RUR 25.809 mln of loss in the same period of 2008, the company reports according to Interfax. Sales revenue increased 2.7 times to RUR 171.625 mln. Taganrog Ship Repair Plant handles agricultural goods an...
For Rolls- Royce's marine business, future growth will be driven by demand for specialist vessels in the merchant navy in North-east Asia. Its president, John Paterson, who is in the process of relocating to Singapore as part of the shift in the global headquarters from London, told BT that the move was driven in large part by the need to get management ...
In 2008, investments into Ventspils port increased 35% to LTL 24.5 mln ($47.9 mln), LETA learnt from Ventspils Development Agency according to The Baltic Course. In 2009, investment is to make LTL 30 mln. This year the port plans to develop new dry cargo terminal, expand cargo handling area, repair pier No3 and start reconstruction of the main bridge acro...
AUTHORITIES in China have granted approval to five additional ports to offer direct shipping links with Taiwan, a move that brings the total number of such approved ports to 68, according to China's Transport Ministry. The five added ports are Tongling, Shidao, Laizhou, Taizhou Damaiyu and Ningbo-Zhoushan. They were announced at a meeting on cross-strait...
HONG KONG-listed COSCO Pacific's April volumes show no relief in a continuing decline across its 20 terminals which handled a total of 3.36 million TEU, 10.8 per cent down against corresponding period last year. In a report from American Shipper, the China-owned container leasing firm saw its first four months of the year drop 8.7 per cent year on year. ...
A DELEGATION of high-ranking representatives of Chinese logistics and port companies have paid an official visit to the Port of Hamburg to exchange ideas on issues facing the industry. Following the Hamburg visit a call at the Port of Hamburg's stand at the Transport Logistics 2009 trade fair in Munich was also arranged for the 30-strong delegat...
The Federal Tariff Service of Russia has approved the decision to raise tariffs of Archangelsk Sea Commercial Port having considered application of the port, press center of FTS reports. Weighted average increase of tariffs for handling operations makes 7.5%, tariffs for storage – 11.5%, tariff for tugging services in the course of mooring – R...
The European Bank for Reconstruction and Development said on Wednesday it would provide St. Petersburg's water utility with 23.5 million euros ($32 million) to cut untreated sewage discharges into the Baltic Sea, RIA Novosti reports. "The EBRD will contribute a 15-year loan of 17.5 million euros and a 6 million-euro grant from its Shareholders'...
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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