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Media
Railroad freight operator TransContainer has set the rates of coupons three and four of a first- series bond issue for 3 billion rubles at 16.5% annually, the company said in a statement according to Interfax. The company placed the bonds on March 4, 2008. The first coupon was set at 9.5% and the sec...
Korean shipyards refuse to cancel or postpone Zim orders Lloyd's List reported that the timing of the Zim shipping company's orders of new volume may be unfortunate. That is, evidently, too bad. It added that "South Korean shipyards are refusing to bow to pressure from big shipping companies to cancel or reduce prices and are only very reluctant...
Greek dry bulk carrier Diana Shipping Inc's increased quarterly profit met market expectations, helped by its chartering strategy that focusses on long-term charters, sending its shares up 8 percent. Diana Shipping charters a majority of its vessels in the long-term charter market, thereby eliminating revenue volatality, as opposed to the short-term spo...
Russia's consul in North Korea has been denied permission to board a Russian vessel earlier seized by border guards off the coast of the secretive communist state, the ship's owner said on Friday according to RIA Novosti. North Korea detained the Omsky-122 cargo ship, owned by the Amur shipping company, in Cape Musudan in the Sea of Japan late on Tuesda...
The construction of the Chinese section of the East Siberia-Pacific Ocean pipeline could begin in April, Russian Deputy Prime Minister Igor Sechin said on Thursday according to RIA Novosti. "The construction will begin as soon as China starts transferring [its $25 billion loan to Russian state-controlled crude producer Rosneft and pipeline operat...
NATO will send more warships to fight pirates off the coast of Somalia that threaten the shipping lanes for a tenth of the world’s trade. North Atlantic Treaty Organization defense ministers agreed today to restart patrols in the Gulf of Aden, a choke point for oil tankers and cargo ships passing through the Suez Canal toward Europe and the U.S. &l...
Geneva's Mediterranean Shipping Company has announced it will impose a freight rate increase on cargo from Europe to the Far East and Middle East due to more demand for export cargoes. Cargo from northern Europe will face a rate rise of US$50 per TEU and $100 per FEU for dry containers and $250 per TEU and $500 per TEU for refrigerated boxes starting fr...
Having been constructed and christened at the Danish shipyard of Odense, the MARIT MAERSK, a giant container ship built for the MAERSK LINE shipping company, called at the Port of Hamburg for the first time on its maiden voyage. The ship's length of 367 metres makes it 15 metres longer than any container ship that has ever called at the Port of Hamburg in ...
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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