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Hanoi: Vietnam's beleaguered state-run shipbuilding company does not have enough money to make a $60m loan payment next week, and has asked foreign creditors for more time to pay, state-run media reported. Nguyen Ngoc Su, chair of the Vietnam Shipbuilding Industry Group, is quoted in the online newspaper VietnamNet as saying that he informed creditors ...
Doha: Qatar could expand production of liquefied natural gas (LNG) by around 10m tonnes a year through debottlenecking its biggest facilities that convert the fuel into liquid, Energy Minister, Abdullah bin Hamad al-Attiyah, said yesterday. “If we are going to expand production [above 77mn tonnes a year] we will do it through revamp and debottlene...
Seoul: New York-listed Pride International says it has reached agreement with Samsung Heavy Industries (SHI) for the construction of a fifth ultra-deepwater drillship. Like the four other ultra-deepwater drillships that Pride has ordered since 2007, the new unit will be constructed on a fixed price basis at the SHI shipyard in Geoje, South Korea. Delive...
Seoul: STX Offshore & Shipbuilding and its Chinese affiliate won a $912 million ship order from another STX Group company, STX Pan Ocean. The company and its Dalian, China shipyard will build 20 vessels to carry wood pulp for STX Pan Ocean Co., the shipbuilder said in an e-mailed statement. STX, like the other big Korean yards, has already achieved ...
IRANIAN tanker operator NITC has denied allegations that its vessel VLCC Hadi relied on armed guards to repel a Somali pirate attack, contrary to earlier accounts, reports Tanker Operator. As per international rules and regulations, the use of armed guards for protection is prohibited on all ships, including its own, the company said in a statement. ...
CAI INTERNATIONAL, a large lessor of maritime containers, is attempting to raise US$30 million in an initial public offering involving the sale of 2.7 million shares. The proceeds raised will be used to strengthen the company's general working capital and for other corporate purposes, such as the likely paying down of a portion of a secured credit faci...
THE New World Alliance (TNWA) that groups together container shipping lines APL, Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL) has announced the launch of what will be its first direct Vietnam to North Europe service in January, 2011. The new route is being created by adding a port of call in Vietnam to the Alliance partners' JEX service. Th...
KOREA-based Namsung Shipping started a new shipping service from Nanjing to Korea's port of Ulsan, Xinhua reported. This is the first container shipping service between the two cities, also Nanjing's first near sea shipping lane in five years. The service offers a sailing per week on Wednesday, using a ship of 332 TEU. Korea is the fourth largest ...
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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