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Hopeful that the present economic downturn will not hit its ambitious Rs 2,000 crore shipyard plan near Chennai, Larsen and Toubro will start building naval ships, particularly frigates and warships. Our shipbuilding plans are not focused on the kind of ships where the demand is low. We are not focused on shipbuilding as a total spectrum. We are ...
Latest reports from Singapore show bunker sales in December barely altered year-on year, despite the slowdown in global trade. Singapore's maritime and port sector “defied economic gravity” in the second half of 2008, according to the Maritime and Port Authority of Singapore (MPA). The total volume of bunkers sold in the Port of Singapore reach...
The maritime consulting and software companies Friendship Consulting GmbH and Friendship ystems GmbH are now members of the Germanischer Lloyd Group. The acquisition of the business operations of Friendship Consulting serves to expand GL's palette of advisory services for shipping companies, yards and the maritime supply industry. By taking an interest i...
Höegh Autoliners has added Savannah, Ga., as a load port to its service from the United States to the Eastern Mediterranean and Middle East. The roll-on/roll-off service will call on the Port of Savannah twice a month and will move cargo from various manufacturers of new equipment as well as used light vehicles and used high and heavy cargo. Th...
Japanese carriers K Line and MOL said Friday they are cutting the second of two loops on their joint New Andes-WL1/2 service starting in February. The service, which K Line markets as New Andes1/2 and MOL as WL1/2, connects the Far East with Mexico and the West Coast of South America, including ports in Chile, Peru and Colombia. The service's first lo...
An investor has acquired 5.2 percent of the stock of Jones Act carrier Horizon Lines. In a filing with the U.S. Securities and Exchange Commission Thursday, Giovine Capital Group said it has amassed 1.57 million shares. The company was formed by 1998 by Thomas A. Giovine and acts as an investment advisor for a group of hedge funds, according to inform...
Somali pirates reportedly released the Saudi-owned oil tanker Sirius Star Friday after a ransom of $3 million was paid. The U.S. Navy ( posted photographs of a small plane apparently dropping the ransom by parachute to the tanker. The ship is owned by Vela, the shipping arm of Saudi Aramco, and was carrying a full load of about 2...
Hyundai Merchant Marine Co. on Thursday said Y.I. Song has been named the chairman and chief executive officer of its North American operations. The Korean company's subsidiaries in North America include: Hyundai Merchant Marine (HMMA), Hyundai America Shipping Agency Inc. (HASA), Hyundai Intermodal Inc. (HII), Washington United Terminals Inc....
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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