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Regional container line specialist Safmarine has appointed a new chief executive to succeed Ivan Heesom-Green, who is moving on to a senior position with Maersk. Tomas Dyrbye, currently Maersk Line regional manager for northern Europe, will take over the top job at the AP Moller-Maersk subsidiary later this year. Mr Heesom-Green is to become Maersk reg...
Furthering the city’s aim to be an international maritime city, as stipulated by central government, Shanghai has said it will extend the tax break for foreign-registered ships until June 30, 2011. The Yangshan Port will also allow shipping companies registered there to be exempt from business tax meted on their international shipping revenue...
Handysize specialist Pacific Basin Shipping is to raise up to HK$761.8m ($97.7m) from a share placement that will boost its war chest to fund future acquisitions, including ships and companies. The Hong Kong-listed firm said it had inked an agreement to place 174.7m shares at HK$4.36 each with more than six individual, corporate or institutional investor...
A total of 35 potential investors have paid bid bonds in order to participate in tenders for the Gdynia and Szczecińska Nowa shipyards, according to the Agency of Industry Development (ARP). The tender for the Gdynia Shipyard property will take place on May 13-14 and the Szczecin Shipyard tender on May 15-16. The ARP however denied news reports by Radio...
Samsung Heavy Industries Co, the world's second-largest shipyard, reported profit in the first quarter declined 12 per cent to the smallest amount in two years because of higher steel-plate prices. Net income fell to 101.8 billion won (S$118 million) from 115.8 billion won a year earlier, the Seoul-based company said in a regulatory filing yesterday. P...
Container Corp of India would grow transport volumes by up to 12 percent in the year to March 2010 and hopes to maintain net profit margins around 23 percent as the economy improves, its top official said. The increase in volumes would translate into 15 percent growth in sales for the fiscal year, Rakesh Mehrotra, managing director of the state-run logis...
Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest shipbuilder, said Tuesday that its first-quarter earnings increased 23 percent on increased sales. Net profit reached 96.3 billion won (US$77.5 million) in the January-March period, compared with a profit of 78.4 billion won a year earlier, the company said in a regulatory filin...
SHRINKING cargo volumes for older containerships has resulted in more tonnage than ever heading for scrap yards during the first four months of 2009, reports Paris-based Alphaliner News. Fifty-two cellular ships of 91,000 TEU have been removed from the global fleet, said Alphaliner, which expects scrapping will exceed 200,000 TEU for the first time in 200...
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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