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Media
INDIANA Governor Mitch Daniels has protested to the White House over the US Army Corps of Engineers' closure of the shipping locks to block the entrance into the Lake Michigan of Asian carp which have made their way upstream from the Gulf of Mexico. Environmentalists say Asian carp threaten the region's fishing and tourism industries, since it's known ...
DUBAI World is expected to sell off more assets to satisfy lender demands for the state-owned company to restructure debts totalling US$22billion, according to a high official at Moody's Investors Service. in Dubai. "We believe that further major asset sales will constitute one of the conditions of any amicable restructuring agreement with Dubai World's...
JAPANESE shipping giant NYK has been selected for inclusion in the Silver Class of excellent companies by Swiss-based SAM Group Holding AG, which assesses socially responsible investment. Having been included in the SAM Bronze Class in 2008 and 2009, NYK was honoured to be recognised one class higher in 2010. SAM is a global social responsible investment ...
GREEK bulk carrier owner Diana Shipping plans to invest US$50 million in a new start-up company whose core business activity will be the acquisition of containerships. The investment is equivalent to 38 per cent of the common shares in the new company that is valued at $132 million, reports Newark's Journal of Commerce, adding that Diana's wholly-owned ...
DUBLIN dockers have called off a planned strike Tuesday at Dublin's south bank MTL container terminal after a deal over severance and downsizing had been made with the International Transport Workers' Federation, reported Containerisation International. Earlier the dockers said they would resume their strike after Marine Terminals (MTL), owned by Peel P...
JAPANESE shipping company "K" Line has announced plans to sell 126.5 million shares of common stock - 17 per cent of the company - to raise JPY34.6 billion (US$384.5 million) as it expects poor financial results. The carrier said it would set a price for the new shares between February 23 and 26, reports the American Shipper. The company said the capital ...
Korean STX Offshore & Shipubilding signed a contract to build two tankers for LGR, an Italian company, "The Transport Business" reports. The two 50.000-dwt tankers will be built at Jinahe shipyard and launched by 2010. The contract for tankers of 183m in length and 32m in width, of a 15-knot speed cost $70 million. Source: Port News
INTERNATIONAL Container Terminal Services Inc (ICTSI) recently serviced the largest vessel to dock in the Philippines, the 4,330-TEU APL Bahrain, which called at both the New Container Terminal-1 (NCT-1) in Subic Bay Freeport and the Manila International Container Terminal (MICT), ICTSI's flagship operation in the Port of Manila. American President Lines...
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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