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TUI Cruises has awarded the Lloyd Shipyards in Bremerhaven, Germany, with the contract to refit the first ship of its new cruise brand. In March 2009, the ship that is currently operating for Celebrity Cruises as the Galaxy, will undergo a thorough conversion. The total conversion investment will be €50 million. The ship will dock in Bremerhaven in m...
Austal Ltd., a Perth, Australia-based shipbuilder, has secured a $1.6 billion contract to build 10 high-speed military transport ships for the U.S. Navy under a contract revealed this week by U.S. Republican Senator Richard Shelby of Alabama. The company, which specializes in high-speed ferries and transport vessels, would build the ships at its U.S....
In January-September, 2008, net profit of North Shipping Company OJSC totaled RUR 191.542 million (+87.6%, year-on-year), the company reports. In the reported period, the company’s revenue climbed by 25.5%, year-on-year, to RUR 3.186.053 billion, gross profit – by 94.8% to RUR 331.068 million, pre-tax profit – by 88.7% to RUR 250.279 million. C...
Japanese carrier MOL has nearly doubled the capacity of its Nhava Sheva (NS2) service by phasing in two 2,900-TEU average vessels, Dynamar reported in its weekly newsletter Dynaliners. The service links Singapore and Port Klang with India's biggest container port, the Jawaharlal Nehru port near Mumbai. Source: Portnews ...
CMA CGM, Hapag Lloyd and Hamburg Sud will in January start a new service linking northern Europe with Central America and the West Coast of South America, breaking away from a similar CSAV service in which they chartered slots. The new service will offer slightly decreased capacity compared to the previous service, CSAV's Eurosal 2, using eight shi...
Higher oil prices mean container shipping services are likely to become viable on the Great Lakes-St. Lawrence Seaway System and on the Mississippi River and Gulf Coast corridors, says a new Maritime Administration study, Impact of High Oil Prices on Freight Transportation: Modal Shift Potential in Five Corridors. Overall, the impact of higher oil...
TUI AG said container-shipping operations of Hapag-Lloyd saw third quarter earnings drop 30.5 percent after a one-time charge. Earnings before interest, tax, and amortization for the third quarter were 86 million euros ($109 million), before one-time charges in the third quarter, 19.6 percent less than in the same 2007 period. After-charge EBITA was 6...
Bahrain has awarded a contract to Abu Dhabi Ship Building Company for four landing craft to be used by its naval forces. The new contract is for the construction of two 42-metre steel landing craft and two 16-metre landing craft made of composite materials, said officials. The work will be undertaken at its Mussafah shipyard, they added. The s...
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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