Media
Media
Russia's Baltic Fleet has launched a week-long scheduled exercise, the navy press service said on Monday according to RIA Novosti. It said the exercise, which will last through September 22, involves over 20 warships and more than 10 support and auxiliary vessels, as well as 15 fixed and rotary winged aircraft. The exercise is aimed at honing the ...
RUSSIAN banks are set to grow and benefit from a government push to improve the country’s port and shipping infrastructure. The Maritime Bank has mirrored strong growth in the sector, doubling its assets in one year to $500m. It forecasts that by 2010 the bank’s assets will be $2bn through organic growth. Board chairman Igor Dergunov said The Maritime...
The European Union has promised a swift decision on whether to approve Polish government rescue plans for two shipyards where thousands of jobs are at stake. My people are doing their utmost to be as quick as possible, EU Competition Commissioner Neelie Kroes told a delegation of shipyard workers. The most awful situation is to have that sword above yo...
CMA CGM (America) LLC, the U.S. agent of French container line CMA CGM, has promoted Bill Cunningham from director to regional vice president of the Northeast sales region. Cunningham will be based in the company's Secaucus, N.J. office, and will report to Doug Ceva, vice president of sales. Source: American Shipper
Salvage operations for the remaining stern section of the container ship MSC Napoli have been suspended until next spring due to increasingly treacherous weather conditions. The 4,400-TEU vessel was on passage in the English Channel on Jan. 18, 2007 when it suffered a structural failure of the hull causing the engine room to flood. The ship was under ...
Liberty Shipping Group, which is seeking to acquire International Shipholding Corp., has sent a letter seeking a meeting with a special committee of the company's outside directors evaluating the Liberty offer. Earlier this month, Liberty offered to buy the company's outstanding shares for $25.75 in cash. In a letter sent Monday, Liberty Chairman ...
One of India's highest ranking maritime officials said Monday that the country desperately needs to focus on short sea shipping, or coastal shipping as it's known in India, as well as multimodal transport. Not devoting enough attention and resources to those objectives could cost the economy significant growth, argued P.V.K. Mohan, chairman of India's...
APL moved 208,200 40-foot containers in the four weeks ended Aug. 22, a rise of 10 percent compared to the same period last year, Singapore-based parent Neptune Orient Lines reported Monday. NOL said the volume growth was mainly attributable to more boxes being shipped in the intra-Asia trade and also the Asia/Europe and transpacific backhaul trade ro...
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
qq.com