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Krasnoye Sormovo Shipyard commissions the second plasma-cutting machine (PCM) with a rotatable plasmotron for plasma cutting and auxiliary plasmotron for marking. ESAB (Sweden) is the original equipment manufacturer. The second plasma-cutting machine has a desk with the length of 31 m and width of 3.8 m. The desk of the first machine commissioned in 2006 ...
UBS AG, a premier global financial services company, raised its shareholdings in China Shipping Container Lines Co to 6.97% from the previous 4.5%, sources reported. According to statistics released by the Hong Kong Stock Exchange, on Apr. 6, UBS bought approximately 92.85 million shares of the Chinese company for HK$182 million at an average price of HK$1....
Pirates attacked a US-flagged cargo ship off the coast of Somalia with rockets and automatic weapons yesterday, but failed to board the craft, the ship's owner and the US military said. The crew of the Liberty Sun was unharmed, but the vessel suffered damage, according to a statement from Liberty Maritime Corp, of Lake Success, N.Y. The ship immediately r...
In light of the hijacking of MAERSK ALABAMA and hostage-taking of Captain Richard Phillips, the A.P. Moller - Maersk Group is making a thorough investigation of the events. Based on this investigation, the Group will review its policies and procedures for sailing off the coast of Somalia and take appropriate action. Our main concern is always the safety a...
Indian government plans to extend the shipbuilding subsidy scheme in about 3-4 months, Mr A.P.V.N. Sarma, Secretary, Ministry of Shipping, hinted here. The government had a subsidy scheme till August 15, 2007, which offered shipbuilders 30 per cent reimbursement of the cost of the ship by the Union government, provided it was built for the domestic market....
“The market share of ocean freight forwarders is growing faster than the market share of the shipowners,” said Dr. Thomas C. Lieb, Chairman of the Management Board of Schenker AG, Essen, in London recently. Speaking to the delegates at the CI Global Liner Shipping 09 conference, he explained the factors which he believes will continue to be cruc...
Plc accepted the Annual Accounts of 2008, the report of the Board of Directors and the Auditor's report for the year 2008. It was decided to accept the proposal The Board of Directors that no dividend shall be paid for the year 2008. The Annual General Meeting decided to discharge the members of the Board of Directors and the President and CEO from liab...
Marine fuel sales in Singapore rose a stronger-than-expected 17 percent in March from the previous month to a record high, after falling 11.5 percent in February, government data showed on Monday. Bunker sales in the world's top bunker port rose to 3.13 million tonnes last month, as cheaper rates boosted demand, traders said. This compares with 2.67 mi...
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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