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The development of Murmansk transport hub lags behind the development of shelf fields, RF Transport Minister Igor Levitin said at the meeting of the Federation Council dedicated to implementation of RF Transport Strategy till 2030, ITAR-TASS reports. Levitin also noted that resources have already been allocated for the development of Murmansk transport hu...
Hong Kong-listed port operator Cosco Pacific Ltd.said Wednesday its net income for the first quarter fell 34%, as the global economic slump led to an 8% drop in cargo traffic. Net profit fell to $43.4 million from $65.8 million a year earlier. Revenue, however, rose 2.6% to $75.44 million from $73.56 million. Cosco, a unit of state-owned shipping group Cosc...
Inter Marine Container Lines (IMCL) was one of the first feeder operators to recognise the potential of the Polish container terminal DCT Gdansk and has included it on its weekly schedules since it began calling at the new facility in December 2007. With effect from May 2009, it is expanding the range of ports it links with DCT Gdansk by opening a wee...
Greek containership owning company Danaos has delayed the delivery of 15 newbuildings from Chinese and Korean shipbuilders. In its quarterly results announcement, Danaos said that it had agreed with China Shipbuilding and Trading to delay the delivery of a quintet of 8,350 teu vessels by 200 days each on average. The company has also agreed with Hanjin...
All-Russia Forum Current State and Prospects for Development of Russian Bunker Services Market will be held by Russian Association of Marine and River Bunker Suppliers on June 25-26, 2009, in St. Petersburg. According to the event's organization committee, the forum will be attended by over a hundred top managers of the Russian bunkering, shipping, steve...
In 2008, net loss of Wadan Yards Оkean (Ukraine) increased 19.9 times to UAH 131.343 mln in 2008, the company reports. The shipyard's net revenue fell by 42.25% (or UAH 211.564 mln) to UAH 289.172 mln млн. In 2007, the shipyard's loss amounted to UAH 6.598 mln with net revenue increased by 8.7%, year-on-year, to UAH 500.736 mln. The shipyard is contro...
The Board of Directors of Volga Shipping OJSC (Volga-Fleet OJSC) the meeting of which was held on April 28, decided to recommend the annual general meeting of the shareholders to approve payment of RUR 31.31 per each A-class preferred share and RUR 9.92 per each ordinary share as dividends for 2008, the company officially states. As it was reported earlie...
JURONG Shipyard has cancelled a contract with Petromena for a semi-submersible rig after the final payment was not made. Jurong Shipyard's parent SembCorp Marine said that semi-submersible Petrorig I had been completed by the yard in early April. However, as final payment was not made to Jurong Shipyard under the construction contract, Jurong Shipyard ...
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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