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A total of 8.7 trillion won will be injected to aid the nation’s deteriorating shipping industry. Around 100 vessels owned by the industry will be purchased beginning June of this year with a 4 trillion won fund which is to be established with the help of state-run organizations, financial institutions and private investors. The Export-Import...
One of the biggest multi-purpose marine cargo vessels said to be built in Kerala’s private sector, M.V. Karuthal, will be launched at Panavally near Cherthala here on Friday. The vessel, constructed by the Century Shipyard here for the Singapore-based Trans Asia Shipping Services Private Limited, is estimated to have cost over Rs.14 crore aft...
The Balmoral, a cruise ship operated by Fred. Olsen Cruise Lines of Norway, will roll into Vancouver's Canada Place Friday to mark the first docking of the 2009 Vancouver cruise ship season. Despite recent announcements that several lines will give Vancouver a miss from 2010 due to the slumping economy and high prices flying in and out of Vancou...
Royal Caribbean Cruises Ltd., battered by a sharp and prolonged drop in vacation spending, said Thursday it lost less in the first quarter than expected as bookings stabilized and cruise costs declined more than anticipated. Travelers responding to aggressive discounts boosted bookings close to the date of departure, and the company plans to keep of...
Orders for new ships tumbled 45.2 per cent to the equivalent of 6 .7 million compensated gross tons in fiscal 2008, writes Asia pulse, quoting data released Tuesday by the Shipbuilders' Association of Japan. With shipping firms less willing to invest since the downturn in the global economy last fall, orders fell to the lowest since fiscal 2001 , w...
A total of five ferries, two cruise liners and one ro-ro vessel have been appointed winners of the ShipPax Award. The most impressive ships delivered during 2008 were announced today, on the first day of the yearly Ferry Shipping Conference while en route from Marseille to Bastia on board the NAPOLEON BONAPARTE. The prize is a prominent one, not least be...
AIDAluna called at Copenhagen , and thereby marked the beginning of this year's cruise season. With 330 scheduled calls and 616,000 expected cruise passengers 2009 will be the biggest year for cruise tourism in Copenhagen . 2009 means 29 calls and 36,000 passengers more than last year, an increase of...
Container shipping company Neptune Orient Lines said it has appointed Jim McAdam as the president of unit APL Logistics, Dow Jones reported. In a filing to the Singapore Exchange, NOL said that Jim McAdam will take over from Brian Lutt who resign in March. Prior to his new position, Jim McAdam was regional president of ...
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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