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Despite hopes for economic recovery, China's exporters failed to get much encouragement this week from a major trade fair where deals fell nearly 40 percent from a year earlier, with bigger drops for some industries. The five-day East China Fair, which draws exporters from seven provinces and Shanghai, as well as some foreign companies ended Thursday wi...
Greek shipping raked in EUR 19.2 billion in 2008, according to Bank of Greece. The state of the world economy started to have effect in the two last months, with EUR 1.4 billion in revenues in December, down by some EUR 200 million compared with the same month in 2007. Greek owners have 1,087 newbuildings of more than 94 million DWT in order, according to...
Bharati Shipyard Ltd, has received an order worth 2.81 billion rupees from India's Ministry of Defence, it said late on Thursday. The contract, for the supply of 15 interceptor boats for the coast guard, takes the company's order book to 50.9 billion rupees, India's second-largest private ship builder said in a statement. Source: http://economict...
Gulf Energy Maritime (GEM), the Middle East's largest independent commercial product tanker operator, has taken delivery of the first out of six new vessels scheduled for delivery this year from Korea's Hyundai Mipo Dockyard (HMD), one of the world’s largest ship builders. Named Gulf Muttrah, the IMO II-N2 type 46,000 dwt vessel is the 12th in GEM&r...
Hyundai Heavy Industries said yesterday that its upper management will cut back on their accepted salaries, with the company's two ceos Min Keh-sik and Choi Kil-seon forfeiting their entire salaries to the company in return for the labor union's concession on wage negotiations, writes the Korea Herald. The leading shipbuilder has stated that in additio...
The listed Estonian shipping company Tallink carried a total of 1.8mn passengers in December 2008 to February 2009 (or Q2 of FY 2008/09), up 15% from Q2 2007/08. According to Logistics Finland, in February 2008, Tallink carried 610,218 passengers, down 0.8% from February 2008, as well as 49,954 passenger cars (+30%), and 19,061 freight units (-31%). In Q2 2...
The owner of Navigation Maritime Bulgare (NMB), KG Maritime Shipping, is offering 13 of its oldest ships for sale as a result of the strained global economic situation, The Sofia Echo reported on March 3 2009. The newspaper said this proved a hard task since the market for old ships is practically frozen. Recycling them for scrap metal was also not a viabl...
For the first time ever the Port of Gothenburg has a Russian container line as a customer. Delta Shipping Lines will put into Gothenburg as part of the scheduled route between northern Germany and St Petersburg. Commencing on March 10, the Port of Gothenburg will have yet another link with Russia. Delta Shipping Lines specialises in transport from the cont...
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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