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Golar LNG Limited reports net income of $51.7 million and operating income of $89.7 million for the three months ended September 30, 2008 (the "third quarter"). Net income has been positively impacted by the gain on sale of the Golar Frost of $78.1 million and negatively impacted by non-cash losses on mark-to-market swap valuations totalling $21.8 mi...
Rating agency Standard and Poor's has downgraded French carrier CMA CGM as the container shipping industry continues to be hampered by the global economic crisis. The group's note was lowered by one notch to BB+ from BBB-. Senior unsecured debt was downgraded two notches to BB-. The agency said its outlook for the carrier was stable but expected ...
PRISCO tanker, which will be named “Zaliv Vostok” was floated out on Hyundai Heavy Industries, Ulsan (Republic of Korea), PRISCO reports. According the information of executive director PRISCO Konstantin Globenko, during two month till the delivering of the vessel she will be full outfitted with all necessary equipment and run sea-trials. Vessel with d...
A consortium comprising Kawasaki Kisen Kaisha, Ltd. (“K” Line) and P.T. Meratus Line (**) announces the successful delivery of a brand new 154,800m3 Liquefied Natural Gas (LNG) Carrier, “TANGGUH FOJA”, constructed at Samsung Heavy Industries, Co., Ltd. in Korea. The vessel will be chartered to the TANGGUH LNG operated by BP soon after her delivery a...
JSC Latvijas kuģniecība (Latvian Shipping Company – LASCO) consolidated unaudited financial report for nine months 2008 shows net profit in the amount of USD 65,6 million, exceeding the amount earned over the respective period a year before by USD 1,7 million. The Net Voyage Result has grown for almost USD 10 million reaching USD 163,9 million during...
Russia will lower its oil export duty to $192.1 per metric ton on December 1 from the current $287.3, a government source said on Thursday according to RIA Novosti. The government resolution has been signed, the source said adding that the government had examined two figures, which included a more radical cut of $140 per ton. Today's tax cut for c...
The International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001 came into effect last Friday. The Convention was adopted to ensure that adequate, prompt, and effective compensation is available to persons who suffer damage caused by spills of oil, when carried as fuel in ships' bunkers. The Convention applies to damage caused on the ...
With effect from 1 January 2009, the Hamburg Süd shipping group is replacing its Costa Container Lines (CCL) brand with the Hamburg Süd name in order to present itself worldwide under a unified brand. Hamburg Süd took over the liner operations of the long-established Italian shipping company on 1 December 2007. CCL is recognised as a specialist in th...
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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