Media
Media
Private investment – not government spending – is the key to global trade growth, the CEO of the world’s fourth-largest container shipping line said here. NOL Group’s Ron Widdows told an international panel of transport ministers that public sector resources are stretched too thin to support global supply chains. ...
For the ninth consecutive month, the shipping industry in India has seen growth in cargo traffic across the major ports, the Times of India reported. In April, the first month of the financial year 2011, cargo traffic was up 2.7% percent while container cargo posted a growth of 22.7 percent compared with the same period in 2009. Among the ports, Koc...
Athens: Stealth Maritime of Greece reports that it has purchased a second 115,000dwt tanker under construction at Samsung HI from Turkey's Cucurova Group controlled by the Karamehmet family. Like the other aframax bought from the same owner/yard it will be fixed back to Cucurova company Geden Lines for five years upon delivery in August. Stealth has al...
Dubai: Khamis Juma'a Bu Amim has replaced Sultan Ahmad Bin Sulayem as chairman of Drydocks and Maritime World, a subsidiary of Dubai World that has so far been ring-fenced from the debt restructuring effort of the parent. However, Drydocks Chief Executive Geoffrey Taylor said his firm is also in talks with banks to restructure $1.7 billion (Dh6.2 billion)...
Hanjin Shipping Co, South Korea's largest container line, expects a return to profit on its biggest routes as an economic recovery in the US revives demand for Asian-made goods. "The bleeding will stop as of May," chief executive officer Kim Young Min told Bloomberg. "We were losing so much money on transpacific trade." Hanjin has secured close to ...
Houston: Vessels traversing Atlantic routes to the US through the Gulf of Mexico may face delays entering American waters due to environmental concerns following the Deepwater Horizon BP oil well disaster (pictured). According to media reports, a 750-foot oil spill-stained tanker Omega Emmanuel saw delays for anchored cleaning prior to being granted permiss...
Shanghai: Jiulong Huang, currently Chief Executive of Galbraith’s Shanghai branch has been appointed to the international shipbroker and consultant’s Board of Directors. Huang will continue to head Galbraith’s team in China. ‘We are very pleased to welcome Jiulong onto the board, where his experience will be invaluable,’ sa...
Dalian: Iranian tanker giant NITC has ordered a landmark series of six LNG ships in China. Just like a decade ago when NITC ordered the first ever VLCCs for export from China, this deal, revealed over the weekend, is the first time an overseas firm has signed for gas ships in the People’s Republic. "Based on estimates, each tanker has been priced ...
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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