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Hanjin Shipping has announced that it held a special meeting of shareholders today with regards to transforming into a holding company. At the meeting, the shareholders approved of dividing Hanjin Shipping into Hanjin Shipping Holdings, a holding company and Hanjin Shipping, an operating company, which had been agreed by the Board of Directors back ...
MAN Diesel has developed two new engine variants targeted at the Chinese coast and river segment that represents some of the world’s busiest shipping lanes. The new, state-of-the-art S35MC-C9 and S40MC-C9 variants are based on the experience gathered from MAN Diesel’s existing range of well-proven, mechanically operated, two-stroke, low-speed en...
Bharati Shipyard Ltd’s turnover has shot up by 47.97 per cent to Rs 316.33 crore during July-September 2009-10 from Rs 213.78 crore during the corresponding period of 2008-09. However, Bharati has posted a 1.44 per cent drop in net profit to Rs 32.69 crore for the second quarter due to a rise in raw material costs and interests. According to Exim ...
The Baltic Exchange’s main sea freight index rose to a two-and-half month high on October 23, helped by fresh cargo activities in Brazil and Australia, Exim News Service reports. The overall index, which gauges the cost of shipping resources, including iron ore, cement, grain, coal and fertiliser, rose by 1.4 per cent or 42 points to 3,043 points in...
The ongoing global recession keeps bringing its harsh changes to the prospects of the world’s shipping and shipbuilding. While its consequences are yet to be assessed, the international maritime community keeps on enhancing the standards of maritime safety and environmental protection. The XII International Seminar Safety and Marine Environment Prote...
At the heart of Oasis of the Seas, the world's largest passenger vessel, beneath an original carousel, an array of restaurants, surfing simulators, rock-climbing walls, a tropical living park and guests and crew on board, are two sets of three Wärtsilä engines, powering everything on the ship. Today, STX Europe's shipyard in Turku, Finland wil...
South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd said on Tuesday it had secured an order from abroad for four large bulk ships worth $460 million. The vessels ordered by an unidentified Asian shipping company will have a load capacity of 400,000 dwt (deadweight tonnes) each, Daewoo said in a statement. Source: http://uk.reuters.com
Calls from some shipowners for a temporary respite from Europe’s strict competition rules during the current crisis are being brushed aside by Brussels. Senior European Commission officials are making it clear that there are no plans whatsoever to bring back conferences in any form, despite pleas from several industry leaders in recent weeks. That...
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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