Media
Media
Cargo turnover of Vanino Commercial Seaport OJSC decreased by 10.5% (to 4 million 546.4 thousand tons) in January-September, 2009 as compare to the corresponding period of 2008. In September, 2009 Vanino Commercial Seaport OJSC handled 553.3 thousand tons of cargo which is 1.5% more than previous year, stevedoring company officially informed. Within Q III...
The cost of delivering Middle East crude to Asia, the world's busiest route for supertankers, fell for a second day last Friday as Chinese holidays tempered demand for ships. Charter rates for the very large crude carriers, or VLCCs, sailing the Saudi Arabia to Japan route fell 0.8 per cent to 38.33 Worldscale points, according to the London-based Baltic...
FIVE men have been charged with piracy after allegedly mistaking a patrolling French warship for a merchantman, reported the French defence department. The men opened fire after midnight 463 kilometres off Somalia's coast, only to find the passengers armed and dangerous. CNN reported an hour after the attack, the French flagship chased down one of the ...
TUI group has published details of the rescue package fixed for Germany's largest shipping company, Hapag-Lloyd. To meet the conditions of state aid of EUR 1.2bn (USD 1.77bn), Hapag-Lloyd's owners Albert Ballin consortium and TUI are to provide a capital injection of EUR 285mn. TUI will contribute EUR 124mn of the total and convert loans worth EUR 915mn i...
Polish ferry operator Polska Zegluga Baltycka (PZB) has been put up for sale by the Polish treasury. A 91.64% share packet in the company has been put up for sale, although the price is not given. Fellow Polish shipping firm Polska Zegluga Morska is known to be interested in the purchase of PZB. Such a purchase would represent a consolidation of the ferry o...
The Essar Group is reportedly thinking of diluting its stake in its shipping and oil divisions as part of a global expansion plan. Indicating this, Mr Prashant Ruia, Chief Executive Officer, explained that,"there is enough headroom in these two companies. So over a couple of years, we will consider increasing the free float". Since refiners, steel compani...
MITSUI OSK Lines (MOL) is donating US$40,000 to aid relief efforts for victims of Typhoon Ketsana that struck the Philippines at the end of September. The shipping company expressed sympathy for the victims in a statement, saying it hoped they will return to normal life as soon as possible. MOL is making the donation through Manila-based Magsaysay-Mitsu...
THE new president and CEO of the South Carolina State Ports Authority Jim Newsome has underscored the short-term necessity of raising container volumes at the Port of Charleston, which have fallen to 1999 levels. Mr Newsome told the Charleston Post Courier that bringing back Maersk is a "major priority" after the Danish shipping line announced eight month...
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
qq.com