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China Shipping Development Co., a major coal and oil carrier, expects its 2008 net profit to rise 40 to 50 percent from last year, its general manager said on Wednesday. The company's first-half net profit rose 44 percent to 3.18 billion yuan ($464.5 million). Asked whether the company could report 40 to 50 percent earnings growth this year, Mao Shijia sa...
Danish shipping company D/S Norden has signed a contract with Ho-Ping Power Company (HPPC) to transport more than 15mn tonnes of coal over a period of 15 years. The transports will start in 2011. This is the biggest contract of its kind ever signed by the shipping company. Ho-Ping Power Company is a joint venture between Taiwan Cement Corporation and ...
Denmark and Germany agreed on Wednesday to build a 20 km (12 miles) bridge connecting the two countries over the Baltic Sea's Fehmarn Strait. The bridge will cost 32 billion Danish crowns ($6.2 billion), financed and owned entirely by Denmark. Construction will begin in 2012 and the cost will be recouped through tolls, Javno.com reports accordin...
With the addition of Evergreen Line sailings to its site, OceanSchedules.com now provides schedule listing for more than 80 percent of global container schedules. The INTTRA-affiliate now has 26 lines posting schedules. It has 9,000 registered users and 38,000 unique users per month. Lines listed are Alian, ANL Container Line, CMA CGM, Costa Conta...
INTTRA, an e-commerce platform for the ocean freight industry, said it has made extensive enhancements to its booking product line. The company said INTTRA Link Booking 2.0, an EDI-enabled environment used by shippers and freight forwarders to reserve space on ocean-going vessels, has enhancements including: Expansion of information about handl...
Alexander & Baldwin Inc., parent of Matson Navigation said it plans to transfer trading of its shares to the New York Stock Exchange from the NASDAQ Global Select Market. Alexander & Baldwin expects to begin trading on the NYSE on Oct. 1, subject to approval by the NYSE. Alexander & Baldwin will continue to trade on the Nasdaq until that time. The sto...
Antwerp, Belgium-based shipping group EXMAR said Wednesday it has sold the 25,000-cubic-meter, fully refrigerated LPG/NH3 vessel, Carli Bay, built in 1998, to ABG Sundal Collier for a net sale price of $49.5 million. The vessel will be delivered to the new owners in mid-October following dry dock in Europe. EXMAR will realize a capital gain of abo...
The Seafarers' International Union, which last week endorsed Barrack Obama for president, has released a letter from the Democrat nominee for president that said, America needs a strong and vibrant U.S.-flag Merchant Marine. That is why you and your members can continue to count on me to support the Jones Act (which also includes the Passenger V...
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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