Shipping News

Negative outlook for all shipping sectorsNov 21, 2008

Moody’s Investors Service has a negative outlook for all three shipping sectors—dry bulk, tankers and liners— in Asia-Pacific for the next 12-18 months, Exim News Service reported. A new report by Moody’s says that the global economic downturn, tightening bank credit, increased volatility in currencies and financial markets have aggravated the already...

UAE traders reconsider shipping to Somalia Nov 21, 2008

Businessmen who send cargo ships from Dubai to Somalia said yesterday their fear of attacks by pirates had increased after the hijacking of a Saudi Arabian super-tanker. Dozens of ships of different sizes are loaded with all sorts of goods at Dubai’s docks each day before travelling to Mogadishu. Muslim Faisal Khan, of Majid Abdulla Shipping, said at...

Russia to send more ships to combat piracy off SomaliaNov 21, 2008

Russia announced Thursday it would send more warships to combat piracy in the waters around Somalia, as the Saudi owners of the Sirius Star negotiated with the pirates holding their oil tanker. Admiral Vladimir Vysotsky, the top commander of the Russian navy, made the announcement according to a report by RIA Novosti news agency. After the Ne...

Seanet Maritime Communications AB signs GSM agreement Nov 21, 2008

Swedish maritime communications provider Seanet Maritime Communications AB (OMX First North:SEAN) said on Wednesday (19 November) that it has signed a GSM services agreement with the Polish shipping company Unity Line Ltd. ?? The agreement covers GSM communications services onboard the ferry MS Skania operating between Ystad in Sweden and Swinoujscie in P...

STX mulls sale of Aker YardsNov 21, 2008

STX Group is considering selling parts of its stake in STX Europe ASA, formerly known as Aker Yards, to recoup some of its spending for the takeover, according to the Yonhap News Agency. We are looking at various options to recoup some of our investment, said a STX official. But no detailed plan has yet been made. In separate report, STX is s...

Wartsila strengthens its leading position in environmental solutionsNov 21, 2008

Wartsila is to establish a new centralised environmental products know-how unit. Termed Delivery Centre Ecotech (DC Ecotech), the unit will focus on developing and delivering environmental technologies, as well as products for emissions reduction and efficiency improvement. By combining the broad and outstanding know-how within the company, Wartsila will ...

Keppel secures four contracts worth S$340 millionNov 21, 2008

Keppel Offshore & Marine has secured SGD 340 million dollars worth of contracts through its subsidiaries for the conversion of a floating storage and offloading vessel (FSO), the construction of an internal turret, the refurbishment and outfitting of a semi-submersible multi-service vessel as well as the fabrication, installation and integration of topsid...

Pendexter promoted to senior VP at ABS Nov 20, 2008

 ABS has promoted Linwood Pendexter to corporate senior vice president and chief surveyor.    Pendexter, who has worked at ABS for 34 years, serves as the classification societies chief surveyor, overseeing a global network of more than 1,400 surveyors.    He has represented ABS on both the Work Group and Steering Committee of the Tanker Stru...

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Transportation Center Connecting As

Transportation Center Connecting Asia and Europe Market

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.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

  • Business Type:trans/forwarder
  • Country:China