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In 2008, net profit of JSC Varandey Terminal fell 2.4 times to RUR 110.947 mln, the company reports. In 2007, the company’s net profit totaled RUR 268.617 mln. The earnings of 2008 increased 2.8 times, year-on-year, to RUR 3.274 bln. Cost proce of sold goods and service increased to RUR 1.270 bln from RUR 468.65 mln in 2007. The Varandey oil expor...
St. Petersburg Governor Valentina Matvienko has furnished the draft law On introduction of Amendments into the Law On Special-Purpose Program “Implementation of an investment project on the development of maritime passenger terminal at Vasiljevski Island” to the Legislative Assembly, the Assembly’s press center reports. The draft law a...
The internal document, which reported that the South Korean government has determined that the optimum number of shipyards in the country is five major builders, has been made public, causing quite a stir, the Kaiji Press reports. There are currently seven companies in South Korea that are considered to be large-scale shipyards, so the speculation has gro...
In fiscal 2007-08, cargo traffic growth was at 519.15 MT up 11.94% from 463.78 MT in 2006-07. The official said, “[impressive growth rate of earlier years]...was maintained in first half of the fiscal. But being a part of the global chain we cannot escape from the slowdown impact.” With growth of only 0.9%, box traffic was worst hit in terms...
The 2008 Chinese port competitiveness ranking, which is jointly carried out by www.shippingchina.com and China Port and Shipping Institute, has named eastern China's Ningbo-Zhoushan Port as the most competitive, reports Xinhua. Shanghai ranked second while Qingdao placed third which was followed by Tianjin, Guangzhou, Shenzhen, Dalian and Lianyunga...
Robert A new regular feeder service of the Hyundai Merchant Marine (HMM) shipping company now links Hamburg with St. Petersburg. Every 14 days the feeder ship ‘Robert’ puts in at the container terminals of the Port of Hamburg as required. The service is offered by HHM in partnership with Team Lines, a subsidiary of the Belgian shipping company...
Singapore port was announced the winner at the 23rd Asian Freight and Supply Chain Awards (AFSCA) on Wednesday. The republic had to edge out competitors such as Hong Kong and Port Klang, which were nominated in the category. Singapore won on its cost-competitiveness and container shipping-friendly services. Its maritime authorities were also said to prov...
China's ports posted a 12.8 per cent decline in first-quarter container volume from a year earlier to 25.5 million twenty-foot equivalent units, according to a statement posted yesterday on the Ministry of Transportation's website. Cargo volume for Chinese ports fell 3.3 per cent to 1.37 billion tons, it said. Source: http://www.businesstimes.com...
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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