Media
Media
Singapore Shipping Corporation (SSC) ended its financial year with healthy gains in revenue and net profit. The Singapore-listed firm saw its full year net profit soared 76.9% to $5.6m compared to $3.2m the previous year. Revenue surged to $15.7m in the year ended 31 March 2011, almost doubled from $8m seen in the previous year. SSC stated that it i...
Importers looking for a greener alternative to road and rail to the North West of England can now have their goods shipped all the way from the Far East following X-Press Container Line adding a new connection to its dedicated container feeder services from Southampton. The arrival of the MV India, due to arrive in Liverpool this Thursday (26 May), will ...
The EU Commission said it suspects that Taiwan-based Evergreen Marine Corp. and several other shippers have been engaged in cartel activities in violation of EU antitrust regulations, Focus Taiwan reports. The commission said it launched an investigation into the matter on May 17 with a raid on the offices of the shippers since it had collected sufficient...
Romania-based Daewoo Mangalia shipyard signed a EUR 400m contract for construction of four ships for the Israeli Ofer Global Holdings group, with option of four ships. The ship construction will be completed by the end of 2013, Worldmaritimenews reported. Starting with 1997, Daewoo Mangalia Heavy Industries is a joint venture between shipbuilding company ...
SHIPPING website GT Nexus filed a complaint in US District Court in San Jose, California, claiming rival INTTRA is pressuring the company. its customers and partners by threatening to sue over alleged infringment of INTTRA patents, reports American Shipper. GT Nexus is asking the court to declare four INTTRA patents to be invalid, that GT Nexus has not in...
DESPITE double digit volume growth forecasts for container shipping through to 2012 operating costs "may spoil the party" by cutting revenue, said Philippe Hoehlinger, consultant and former vice-president of risk at SeaAxis. Mr Hoehlinger, author of seven editions of the SeaAxis Macro report on container shipping, said global cargo volume is up 10.7 per c...
THE UN's International Maritime Organisation (IMO) this week expected to pronounce on the status of shipboard armed guards, drawing from the record of the 19-member companies of the fledgling Security Association for the Marine Industries (SAMI). Some 160 security teams are sent to ships every month to protect them against pirates at an average cost of U...
China's Jinhai Heavy Industry has won an order for a one plus one kamsarmax. Singapore's Wilmar International booked the 81,500dwt ships for delivery by the end of 2012. Jinhai has been one of the few successful Chinese yards this year, taking orders for VLCCs a month ago to go alongside its increasingly popular 229 m long kamsarmax. (Source:http://ww...
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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