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SINGAPORE's Neptune Orient Lines, owner of southeast Asia's big container line, APL, plans to boost capacity seven per cent this year as rates and trade rebounds and the global economy appears to recover, reports Bloomberg. APL will charter as many as ten 6,000-TEU ships, said NOL chief executive Ron Widdows in an interview, adding that he also hopes to...
Kuala Lumpur: MISC Bhd announced the beginning of its new East India Service (EIS) with first sailing from Yangon, Myanmar, on Monday. EIS is offering a dedicated weekly service between East India and Myanmar. The service offers offer routing from Yangon, Chennai, Colombo, Chennai and back to Yangon, the shipping company said in a statement. This we...
Mumbai: State run Shipping Corporation of India (SCI) plans to enter into joint ventures with major power companies such as NTPC to provide dedicated arrangements for shipping their requirements of coal to India. The plan is modelled on the lines of SCIs proposed joint venture with SAIL for import of up to one million tonnes of coking coal. The SAIL agree...
Beijing: Chinese citizens are increasingly aggravated by state owned enterprises (SOEs) paying wildly over the odds for properties across the nation, stoking up the huge property bubble in the People’s Republic. Now Beijing is beginning to respond, demanding SOEs ease off their property acquisitions. Only one SOE has said it will follow Beijing&rsqu...
Mumbai: Greatship India Ltd (GIL), the five year old wholly-owned unlisted subsidiary of top Indian private sector shipowner Great Eastern Shipping Company (GESCO), is to float an initial public offering for raising funds to acquire assets for offshore services. Any proposed offering and its timing would be subject to market conditions, and obtaining the ...
Dhaka: Foreign Minister Dipu Moni said yesterday China is keen to establish direct rail links between Dhaka and Kunming in Yunnan province, and help build a deep-sea port at Sonadia island for boosting trade and investment. This would provide China with an outlet to the Indian Ocean for its landlocked southwest region. “Beijing also assured us of us...
Stena Bulk of Sweden will be adding another two modern Suezmax vessels to their Stena Sonangol Suezmax Pool. The 159,999 metric ton new building vessel, Yasa Scorpion, being constructed at Samsung Shipbuilding in Korea, is set to be delivered to Stena Bulk on twelve month T/C and consequently be inserted into the Pool in May this year when delivered from ...
Orient Overseas (International) Ltd. (“OOIL”) announced a loss of US$400.6 million for the year ended 31st December 2009, compared to the profit of US$275.5 million recorded in 2008. “2009 presented the worst market conditions ever experienced in the container shipping industry. The year opened with a collapse in container freight ...
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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