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The last of eight contracted high-speed trains "Sapsan” (Peregrine Falcon) was shipped by "Vilnius" ferry from Germany to Baltiisk (Kaliningrad region). After passing through customs clearance procedures "Peregrine Falcon" train will be loaded on "Baltic" rail ferry to be transported to the port of Ust-Luga (Leningrad region). Loading is scheduled for...
OJSC "Far East Shipping Company (FESCO, is the major company of Transport Group FESCO) has entered on December 24th into an agreement with “MICEX Stock Exchange" for inclusion in the listing of ordinary non-documentary registered shares. As the report said the shipping company, the company authorities said. Far East Shipping Company JSC is a shippin...
As of December 25, 2009, the IPE Brent Crude futures contract is up $76.31 (+0.86) per barrel on the ICE Futures exchange in London. Light Sweet Crude gains (+1.38) $78.05 on the New York Mercantile Exchange. Source: Port News
An IMDG Code e-learning course by Exis Technologies has now been included on the Australian Maritime Safety Authority’s website. This comes in advance of the mandatory training for all shore side staff involved in dangerous goods transport by sea that will take effect from January 2010. (Source: Port Strategy)
Bank of China announced to grant a US$179.55 million credit to South Korea's STX Pan Ocean, to purchase three 176,000 DWT bulk cargo vessels from New Times Shipbuilding Co.. Export buyer's credit means a medium- or long-term credit to a foreign borrower for importing goods from China, in order to enhance China's exports of goods and services. New Times ...
OJSC United Shipbuilding Corporation (USC) has increased the share in OAO "Baltic Shipyard" Yantar "(OJSC" Shipyard "Yantar, Kaliningrad) from 7,76% to 32,26%, the Kaliningrad company press service reports. The deal to be registered for the personal account of USC-21 on December 2009. Baltic Shipyard "Yantar" was established on July 8, 1945 on the basis o...
The Canadian government may lift a duty on large foreign-built cargo ships as of January 1 in a move that would speed up the replacement of older vessels and save costs for carriers and shippers, the Chamber of Marine Commerce said on Wednesday. Canada is considering scrapping its 25 percent duty on imported ships longer than 129 metres (423 feet), which h...
CMA CGM SA bondholders approved changes to the terms of their notes that will allow the shipping operator to raise more debt and help it avoid bankruptcy. Holders of $570 million of senior bonds agreed to change the terms of the debt, giving new lenders priority for payment in a default, Anne-France Malrieu, a company spokeswoman, said in a telephone interv...
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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