Media
Media
THE Export-Import Bank of China, or China Eximbank, has decided to expand ship financing for Chinese shipowners from the current 10 per cent to 33 per cent over the next two years, according to Chinese Shipping news. This move is to support Chinese shipyards as newbuilding orders from Chinese shipowners are rising, accounting for 50 per cent of overall ...
In order to provide better services in the Mediterranean, effective from January 2011 Evergreen Line will divide its existing Adriatic Levant (ADL) service and Greek Turkey Service (GTS), creating four new separate routings. Additionally, the North Africa Feeder Service (NAF) will be upgraded to a weekly service. The existing Adriatic Levant (...
The Rybinsk-based Nobel Bros’ Shipyard Ltd. (Russia’s Yaroslavl region) held today a keel-laying ceremony of the lead vessel of a series of three 6,000dwt river-sea-going tankers of project RST-25. The ships will be operated by Moscow River Shipping Company, the MRSC’s press service said. The ceremony was attended by Alexey Klyavin, th...
According to EU NAVFOR press release the Panama-flagged (owner UAE) 27,915dwt MV ORNA was pirated on Dec. 20 in the Indian Ocean, approximately 400 nautical miles northeast of the Seychelles. The attack was launched from two attack skiffs, with pirates firing small arms and rocket propelled grenades at the merchant vessel. The vessel was stopped and boa...
Mainboard-listed Hoe Leong Corpn’s foray into vessel chartering services has received a new boost. The company has inked a sale and purchase agreement to acquire a 51 percent stake in Aries Offshore Singapore, for an aggregate consideration of US$15.1 million, locking in the acquisition at a price-to-book value of 0.95x. The remaining 49% stak...
Key players representing major maritime sectors will unite in Singapore for three days next April from 12th to 14th to project The Asian Voice in World Shipping. The central theme of SEA ASIA, the region’s leading maritime event, the Asian Voice is to be debated by top executives of leading international companies from China, India, Japan and Sing...
Shanghai: A rights offering by Cosco Shipping Co. has been approve by Chinese regulators. The Chinese shipowner said it received approval from the China Securities Regulatory Commission to sell 393m shares through a rights offer, according to an exchange filing by the Shanghai listed company, Bloomberg reported Cosco Shipping owns and operates 89 ships incl...
DENMARK's Maersk Line has started providing an ad-hoc direct sailing from India's Port of Chennai to Jebel in the Middle East, to help clear a backlog of export containers that has built up in recent weeks owing to severe terminal congestion and trucking problems at the port. The first ship was scheduled to depart from Chennai on December 17 and arriv...
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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