Media
Media
Guangzhou Shipyard International’s shares fell 2.5% in Hong Kong in the morning trading session today after the company forecast a decline in 2008 combined net profits of its own and its acquisition target Guangzhou Wenchong Shipbuilding. The south China-based handysize tanker specialist estimated a net profit of Yuan1.5bn for the full year of 2008 sh...
Maersk Line has announced a revision to its Asia - Europe 8 service (AE8), with the addition of a Hamburg port call beginning September 29, 2008 and the removal of the Southampton call as of September 19, 2008. The new AE8 rotation is as follows: Shanghai (China), Ningbo (China), Kaohsiung (Taiwan), Yantian (China), Tanjung Pelepas (Malaysia), and Ham...
State-owned Singapore port operator PSA International said on Wednesday that its Singapore terminals moved 11.6 percent more containers in the first seven months of 2008 compared to a year ago. The firm, which runs ports in Singapore and abroad, said in a statement on its Web site ( www.singaporepsa.com ) that it handled 17.2 million twenty-foot equiv...
Norwegian shipping company Odfjell SE issued its report for the first half of the year on Wednesday (13 August), posting an operating profit (EBIT) of USD82m, as compared to USD135m in the first half of 2007. The decline was due to higher prices and a weaker US dollar. Revenues amounted to USD724m, up from USD605m in the first half last year. Earn...
China-based Yangzijiang Shipbuilding more than doubled its second-quarter profit to 338.2 million yuan (S$69.4 million) from 145.9 million yuan, as revenue tripled to 1.77 billion yuan from 507.3 million yuan. The group had a strong order book of US$7.4 b at June 30, of which US$809m was secured in H1 2008 First-half profit rose to 709.4 million y...
TBS International Ltd. said it has taken delivery of a 1992 built, 38,852-deadweight-ton handymax bulk carrier that it acquired charter-free for $44 million. With this delivery, TBS's fleet comprises 45 multipurpose tweendecker, handymax and handysize vessels. TBS expects to take delivery of an additional handymax bulk carrier by the end of September....
Tanker company U.S. Shipping Partners L.P., reported a second quarter net loss of $2.7 million compared to a profit of $2.4 million in the same 2007 period. Voyage revenue was $49.8 million for the quarter compared to $45.6 million in the second quarter of 2007. Market conditions for Jones Act petroleum product tankers remained very challenging in...
Maersk Line will next month add the Port of Hamburg in Germany and drop Southampton in the United Kingdom from its weekly Asia/Europe AE8 service. The AE8 is part of an 18-ship butterfly operation with the AE1, which will continue with Southampton calls. Other direct Maersk services in the Asia/Europe trade with direct U.K. links are the AE2, AE9 and ...
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