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COSCO Pacific Ltd said its first half to June net profit rose to $153.15 million from $148.52 million a year earlier on the back of a double-digit growth in turnover. The company said its net profit for the first half was up 11.1 percent from $137.89 million last year, excluding a year-earlier $10.63 million financial gain derived from put options giv...
Danish shipping and oil group A.P. Moller-Maersk is expected to post a 22.8 percent rise in half-year 2008 net profit, driven by its oil and gas division, a Reuters poll showed on Friday. The average forecast in the poll of 15 analysts was for a net profit of 10.2 billion crowns ($2.03 billion) compared with 8.3 billion crowns in the corresponding period ...
Yemen called on local shipping companies and chambers of commerce and navigation to quickly communicate with global navigation companies for reducing navigational duties on goods that reach to the port of Hodeidah. During his meeting on Sunday with governor of Hodeidah province Ahmed Salem Al-Gabali and members of chambers of commerce and navigation a...
Two Japanese joint-ventures have signed contracts to build the two main cargo and container terminals of the planned Cai Mep - Thi Vai International Port in southern Ba Ria-Vung Tau Province. The two venture partners are Toa and Toyo and Penta and Rinkai, according to the Thai News Service. The port will be built on the Thi Vai River in Tan Thanh ...
The Baltic Dry Index, a measure of shipping costs for commodities, posted a fourth consecutive decline on Friday as vessel queues eased, boosting the number of ships available for hire. The index tracking transport costs on international trade routes fell 43 points, or 0.6 per cent, to 7,147 points, according to the Baltic Exchange in London. That's a...
Norwegian marine and offshore systems and equipment provider TTS Marine ASA said on Monday (25 August) that its German subsidiary, TTS Kocks GmbH, has secured a NOK65m equipment contract from a South Korean shipyard. The order covers electrical winch systems for nine container vessels and will be delivered during the first quarter of 2009. TTS Koc...
ALBROS shipping company (Director General of the company - Raim Alekperov) has accepted into operation new dry cargo vessel Modulus 1 with deadweight of 4,416 tonnes, Marine Engineering Bureau (Odessa) reports. Modulus 1 (building number H-31) is the first modified vessel of project 003RSD04/ALB03. It was designed by Marine Engineering Bureau (initial...
ZIM said it will add a call at the port of Genoa to the rotation of ships is its ZCS service. Ships will continue to call Livorno, as well. This upgrade is intended to respond to the Northwest Italian market demand, and to offer improved, reliable and direct service between Italy and U.S. East and West coasts, the company said. The ZCS service dep...
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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