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Singapore's Sembcorp Marine , the world's second largest offshore oil rig builder, said on Thursday it has bought land for a new shipyard in Brazil. The freehold site of 825,000 square metres is near the Espirito Santo Basin, which is one of the country's recently discovered offshore giant pre-salt oil basins. Sembcorp Marine declined to reveal the cos...
GLOBAL shipping and logistics services provider GAC latest management shuffle appoints industry veterans Mark Delaney and Ronnie Knowles as managing directors of its operations in Thailand and Abu Dhabi respectively. Mark Delaney brings to the new role a strong background and broad expertise in sales, marine operations and customer service. With more than...
The consortium of banks of CMA CGM on Tuesday signed an agreement to release $80 million in financing to the Group, Exim News Service informs. This financing is part of the overall restructuring plan whose negotiations are proceeding normally and which calls, in particular, for the grant of a $ 500-million cash facility. This payment has been made at a ...
Hanjin Shipping announced 2009 Dec. results consisting of USD 573 million in total sales and USD 26 million in operating loss for the first time after demerger. Business results as of 2009 Nov. were reflected as Hanjin shipping holdings company’s discontinued business profit & loss. And new company, Hanjin Shipping counted only for Dec. sales an...
Somali pirates managed to scoop more than $60 million in ransom payments from shipowners in 2009, according to a report from a regional anti-piracy watchdog. Last year 47 vessels and nearly 300 crewmembers were seized by pirates, the Seafarers' Assistance Programme report said. In the first month of this year a further 12 ships have been hijacked. ...
Greek bulk carrier Filitsa has been freed by Somalian pirates following the payment of an undisclosed ransom by its owners. The crew of three Greeks and 19 Filipinos had been held hostage onboard the Marshall Islands-registered vessel since its capture off the coast of Seychelles in November. The crew are reported to be safe and on their way to Mombasa in K...
Hyundai Heavy Industries has gained a foothold into the valuable Brazilian market. The Korean firm, currently the world’s largest shipbuilder, will take a 10% stake in a new offshore yard to be built by Brazil’s OSX, in return for passing on technical expertise. The yard will be established in the state of Santa Catarina. Fellow Korean yard, Sam...
China International Marine Containers (Group) Ltd. (CIMC) said Tuesday it would acquire a 75-percent stake in Friede & Goldman United (F&G), a U.S.-based naval architecture and marine engineering firm for the offshore drilling market. In a statement filed to the Shenzhen Stock Exchange, CIMC, one of the world's largest container producers, said i...
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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