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State-owned Hindustan Shipyard Ltd (HSL) plans to build a large shipyard to accommodate very large crude carrier ships (VLCC) at an estimated project cost of Rs 3,000-4,000 crore, a top official said. The proposed shipyard, which will be built on a public-private-partnership model, is expected to receive cabinet approval by the end of this fiscal, HSL's C...
The port of Singapore's October container throughput rose 7.9 percent month-on-month to 2.31 million TEUs after a 5.8 percent dip in September, suggesting the slow uptick in the container sector is managing to hold, Business Times Singapore reported. At dominant port operator PSA, a 7.7 per ent month-on-month rise to 2.24 million TEUs in October was overs...
Freight companies may direct infrastructure bonds estimated RUR75 bln and $2.5 bln for construction of motorways and seaports as well as railway transport development in 2010. As Igor Levitin, Head of the RF Ministry of Transport, informed at a press-conference, such bonds can be supported by the government guarantees. As PortNews IAA informed earli...
Daewoo Shipbuilding & Marine Engineering Co. , the world's No. 2 shipyard, said Monday it swung to a profit in the third quarter on increased sales of high-end products and a stable local currency. Net income reached 191.2 billion won (US$166 million) in the July-September period, compared with a loss of 84.9 billion won a year earlier, the company sa...
China COSCO Holdings Co Ltd, the fifth-largest container terminal operator in the world, is likely to post loss for 2009 after reporting RMB 5.31 billion in net loss during the first three quarters of this year, said the company in a statement on Thursday. The loss mainly resulted from the weak demand and freight volume caused by the global economic recess...
Cruise Olympia was launched at Castellammare di Stabia shipyard, the last of a series of four innovative cruise ferries ordered by the Grimaldi Group (Naples), Italy’s biggest shipping company and leading European operator within the Motorways of the Sea. Godmother to the ship, that was launched sliding down the traditional slipway in a spectacular c...
MAN Diesel celebrated the official opening of its newest service centre in Seattle, Washington, USA on 27 October to further expand its PrimeServ network in North America. The Grand Opening of MAN Diesel PrimeServ Seattle took place in front of more than 100 customers, suppliers and business partners, including the local Honorary German and Danish Consuls....
MAJOR Greek container shipowner and charterer, Danaos Corp, has announced a better-than-expected third quarter profit that fell 41.2pc year on year to US$16.4 million. In September, the company said one of its charterering clients, Israel flag carrier, Zim, unilaterally reduced all of its long-term charter hire payments to shipowners 35 per cent, but Dana...
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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