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Representatives of Astrakhan region working group for co-operation with north provinces of Iran headed by Yuriy Makhoshvili, Deputy Chairman of Astrakhan region Administration, Minister of Industry and Natural resources agreed to lay up Iranian vessels on repair and maintenance at Astrakhan Shiprepair yards in the course their four-day visit to Iran, report...
South Korea's state-run Korea Development Bank (KDB) said Monday it reached a deal to purchase of a vessel from a local shipping line in a bid to bolster the nation's ailing shipping industry. According to the KDB, the vessel-purchase deal was made between the bank and Korea Line Corp. and is to be completed in May next year. The KDB tapped the money fr...
Oslo-listed company Jinhui Shipping and Transportation Ltd posted today bigger-than-expected operating profit and revenue of USD 44.7 million (EUR 29.7m) and USD 92.4 million respectively, for the third quarter of 2009. In the corresponding period last year, Jinhui Shipping posted an operating profit of USD 117.8 million and revenue of USD 119.8 million, r...
Somali pirates have seized a Greek-flagged oil tanker 700 miles off the coast of Somalia, near the Seychelles, Greece's coastguard said Monday. The Maran Centaurus was sailing from Kuwait to the Gulf of Mexico with its 28 crew, when it was seized early Sunday. The Greek coastguard said there were nine Greeks, two Ukrainians, one Romanian and 16 Filipinos...
Sembmarine Kakinada Ltd (SKL), a joint venture between Singapore-based Sembawang Shipyard Pvt. Ltd and Kakinada Seaports Ltd, will set up a shipyard at Kakinada port at an estimated cost of $ 375 million, Exim News Service reports. The shipyard will cater to offshore units and merchant vessels operating in the Indian waters, it was announced here. The yar...
Maersk's logistics arm, Damco, has extended its service that consolidates less than container load cargo at its Miami base for transhipment from and to US stops for full container shipping to Guatemala, Nicaragua, El Salvador, Honduras, Panama, Venezuela, Ecuador, Peru and Chile, the Shipping Gazette informs. "We recognise that the LCL product is crucial...
Israel's flag carrier Zim's East Mediterranean Express Service (EMX) and Zim Container Service (ZCS) will experience longer transit times as it introduces super slow steaming to reduce fuel costs in the coming weeks. ZIM will add an extra 4,250-TEU vessel to both services, increasing ZCS and EMX fleet size to 16 and 11 ships said UK's Transport Intelli...
The European Bank for Reconstruction and Development EBRD is ready to help privatize stake in state-owned companies and bring them back into private ownership companies. As per the information provided by the bank, a financial institution may invest in such companies to restructure them and to increase their attractiveness to investors, as well as to partic...
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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