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Gazprom Neft's revenue under RAS increased nearly 1.6 times to RUB 496.966bn (approx. USD 18.2bn) in January-September, the Russian energy monopoly's oil arm said in a statement today according to RBC. Meanwhile, gross profit grew 43.4 percent to RUB 142.098bn (approx. USD 5.2bn), with sales revenue rising thanks to an increase in the price and sales...
Half of the ferry routes to and from Norway, seven of 14 services, have or will be closed down in 2008. The development is partly explained by the low fares airlines’ growing market share and the over capacity in the ferry market. “This is a European trend that is now coming to Norway”, says Arne Rident, scientist at Transportøkonomisk Institutt in No...
Zim Integrated Shipping Services (Zim) is planning to bring back its Asia-North Europe service in late 2009 with eight 10,000 TEU vessels, a move many shipping line executives believe is unprecedented. The new service will be launched just a year after the ending of Zim's Asia-Europe East-West Express (EWX), which is operated with nine 4,250 TEU vesse...
A new sea borne service will emerge in February 2009 as a direct result of the German decision to raise the road tax (maut). The initiative comes from Sea-Cargo, which already serves Esbjerg with a ro-ro ship calling Stavanger with connections to Aberdeen. But as from February a large ro-ro will start sailing between Esbjerg and Amsterdam with a capa...
Hanwha Group has signed an MOU with Korea Development Bank for the purchase of Daewoo Shipbuilding & Marine Engineering (DSME), thereby making significant progress in its move to enter the shipbuilding markets. The energy and chemical-focused local conglomerate, which emerged as the victor in the bidding process for the yard in late October with a ru...
In January-September, 2008, net profit of Murmansk Shipping Company OJSC amounted to RUR 417.852 million (-43.8%, year-on-year). In the reported period, the port’s revenue totaled RUR 6.026.059 billion (+14.7%), gross profit – RUR 956.753 million (-20.3%). Murmansk Shipping Company was incorporated in 1993. Among the services provided by Russian ...
Norwegian parcel tanker operator Odfjell SE has decided that all its owned, managed and time chartered ships that normally would sail through the Gulf of Aden will be routed via the Cape of Good Hope because of the explosion in piracy in the region. We will no longer expose our crew to the risk of being hijacked and held for ransom by pirates ...
The number of containers handled by Singapore's ports continued to decline with 2.52 million standard containers throughput in October, down from 2.55 million in the previous month, according to data released by the Maritime and Port Authority of Singapore on Thursday. The decline was due to the global economic slowdown and less demand from major...
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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