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Liberty Shipping Group's effort to acquire International Shipholding Corp. took a turn Friday, with Liberty filing lawsuits against the Mobile, Ala.-based company and its directors in both the Court of Chancery of the State of Delaware and Federal District Court for the Southern District of New York. Liberty said the Delaware suit seeks to compel the ...
Horizon Lines Inc. said it planned to reduce its non-union workforce by at least 10 percent, eliminating at least 70 of 700 jobs as part of an effort to reduce annual labor costs $7 million to $10 million. The company will offer a voluntary severance program to certain employees, but said if it is unable to achieve anticipated reductions, it will lay ...
Over 200 delegates, including ship-owners and operators, are expected to attend the International Symposium on Safety and Protection of the Marine Environment in the Straits of Malacca and Singapore in Kuala Lumpur, Malaysia, on 24 November. The symposium is being organised by The Nippon Foundation and the Round Table of international shipping association...
The 70,000 ton ice-protected tanker “Mikhail Ulyanov” will be put on the water in Sankt Petersburg next week. The vessel is one of Russia’s new generation Arctic tankers. The 260 meter long vessel has been built by the Admiralty Yard in Sankt Petersburg on an order from shipping major Sovkomflot. The ship is built for shipping of oil from the Prirazlo...
Wartsila has signed major contracts with Aker Yards AS Soviknes and Aker Yards AS Trading - the recently established project development arms of the Aker Yards Group - for the supply of propulsion equipment for five offshore vessel projects being built in Norway, India and Brazil. The orders cover the supply of a total of 15 Wartsila engines, as well as p...
From January 1, 2009, all sea cargo bound for China will be subject to the 24-hour advance manifest rule. A manifest is a document that lists all cargo carried on a specific vessel, informed Exim News Service. According to the new regulation, sea carriers undertaking shipments to China must submit manifest details to Chinese Customs 24 hours befor...
STX Europe ASA reported an EBITDA result of NOK 45 million for the third quarter of 2008 for the continuing operations, down from NOK 138 million in the same period last year. While the revenues grew with 14.2 percent and new order intake amounted to NOK 7 344 million, an ongoing project within Offshore & Specialized Vessels for A.P. Moller - Maersk AS co...
Hong Kong-based ocean carrier OOCL said Monday it has opened a representative office in Mundra, India. Mundra is a private port in the northwest of India, near the Pakistan border. It is the only port in the country with deepwater berths and also is the first to be connected to the country's rail network with double stack container service. ...
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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