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China Shipping container profit falls China Shipping Container Lines Co., the country's second-largest cargo-box carrier, said first-half profit dropped 45 percent after fuel costs surged and the global economic slowdown stunted demand. Net income fell to 637.2 million yuan ($93 million), or 0.05 yuan a share, from a restated 1.16 billion yuan, or 0.12 yu...
Guangzhou Shipyard International Co., a unit of China's biggest shipbuilder, said that first-half net income increased 15 per cent as rising demand for vessels allowed it to increase contract prices. Net income climbed to 533.1 million yuan (S$110.3 million), or 1.08 yuan a share, from 465.2 million yuan, or 0.94 yuan, a year ago, the company said in ...
South Korea's Posco, the world's No 4 steelmaker, may buy iron ore, steel mill and shipyard assets in Ukraine, as it looks to reassure investors who have questioned its potential acquisition of Daewoo Shipbuilding. The plan was a strategic option considered by Posco to improve synergies from a potential US$8 billion bid for Daewoo, said a source close...
China State Shipbuilding Co has seen an 81% rise in first half net profits to Yuan1.95bn on the back of strong demand for parts and maintenance services and last year's acquisition of Waigaoqiao Shipbuilding. Sales were strong, with revenue up 40% to Yuan7.7bn, although profit margins in shipbuilding dropped to 19.42% from 26.44% due to material costs and...
Cargotec's MacGREGOR business area providing marine cargo handling and offshore load handling solutions has received significant offshore crane retrofit order. The order consists of two 150-tonne active heave compensated offshore cranes to Finnish shipowner Finstaship’s two multi-service vessels Botnica and Nordica. The cranes will be delivered second hal...
STX may join candidates, such as GS, POSCO and Hanwha, bidding for the takeover of Daewoo Shipbuilding and Marine Engineering. STX chairman Kang Duk-soo on Tuesday said, We're undecided, but are still considering it. He attended a luncheon hosted by four business associations for visiting Chinese President Hu Jintao at the Shilla Hotel in Seoul. After...
Japanese liner carrier NYK will work with Nippon Oil Corp. to begin testing solar technology on board one of its 60,000-ton car carriers used by Toyota before the end of the year, according to an Aug. 26 Reuters news report. It's estimated that the solar panels could generate up to 40 kilowatts of electricity and help reduce the vessel fuel use by as ...
Liner carriers in the Transpacific Stabilization Agreement said Monday that their floating bunker fuel surcharge will spike to a record level effective Sept. 1. The higher surcharge reflects record fuel prices that topped $767 per ton in mid-July, up from $500 at the beginning of 2008 and $296 at the beginning of 2007, TSA said in a statement. TSA...
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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