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Shares of China COSCO Holdings Co fell yesterday after the world's largest operator of dry-bulk ships said profit dropped 43 percent in the past year. Its shares fell 1.23 percent yesterday in Shanghai to close at 12.88 yuan. Profit fell to 10.8 billion yuan (US$1.58 billion), based on domestic accounting standards, the firm said in a statement to...
BATH, MAINE: Known for building naval warships, Bath Iron Works has begun exploring whether it can expand into the renewable energy business. The company is researching opportunities in industrial products and services, with a focus on energy - notably offshore wind-power development and maintenance. BIW representatives gave a presentation this month ...
Horizon Lines, Inc., announced that its Board of Directors has voted to declare a regular quarterly cash dividend of $0.11 per share, payable on June 15, 2009, to stockholders of record on June 1, 2009. The dividend was approved during the regularly scheduled quarterly meeting of the Board of Directors, which was held. Source：Transportweekly
From the first vessel to fastest turned-around vessel to largest parcel-size vessel to largest vessel, the Mediterranean Shipping Company (MSC) has been an integral part in Mundra International Container Terminal’s (MICT) re-cord-breaking spree, Exim News Service reported. The terminal, thus, has had a long-standing partnership with the internationa...
Seminar Fuel and Lubricants for Ship Power Plants. Quality Control and Implementation of the Analysis Results in the RS Activities started today at the Russian Maritime Register of Shipping (RS) Personnel Training Centre. Representatives of testing laboratories from St. Petersburg, Murmansk, Kaliningrad, the Far East region together with the RS specialist...
Europe's largest feeder operator, Unifeeder A/S based in Aarhus, Denmark, expands its Benelux network and offers a new service between Rotterdam and Norway. Based on two weekly sailings, Unifeeder will offer short transit times and high frequencies to five ports in the Oslo Fiord as well as Kristiansand. Two modern container vessels will connect the Nor...
Mr CC Tung, Chairman and CEO of Orient Overseas International Ltd (OOIL), has been awarded the prestigious Lifetime Achievement Award at the Asian Freight and Supply Chain Awards (AFSCAs), held in Hong Kong on April 22, 2009. The award was presented by Hong Kong Secretary for Transport and Housing, Ms Eva Cheng. The Lifetime Achievement Award is d...
The Korean government is to pump 8.7 trillion won (about $6.4 billion) into restructuring the struggling domestic shipping industry. It unveiled its plans today after after an emergency economic meeting presided over by President Lee Myung-bak. The government is hoping avert a massive sell off of a large part of the national merchant fleet to Asian compe...
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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