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Northern Shipping Company has provided Igarka Navigation with its export route of timber via Igarka in northwest Siberia to its main destination of Alexandria, Egypt, according to Russian Transport Daily Report www.dars.ru . The first vessel to call at the port on the Yenisey River was the Peter Strelkov, escorted by the icebreaker passing through th...
Sembcorp Industries (Sembcorp) reported a 23% growth in turnover for the first six months of 2008 (1H2008). The Group’s turnover grew from S$3.9 billion in the first half of 2007 (1H2007) to S$4.7 billion in 1H2008. Profit before tax was up 11% to S$435 million from 1H2007. Group Profit After Tax and Minority Interest (PATMI) also grew to S$261 million in...
The National Iranian Tanker Company plans to boost its fleet capacity to 14.111 million tons by 2011, NITC Managing Director Mohammad Souri said here on Wednesday. In five years, the NITC will become the world’s third largest supertanker operator, Souri stated. Currently, Norway’s Front Line, with 80 supertankers and a total capacity of 18 million...
The boss of Singapore container shipping line Neptune Orient Lines said on Thursday he did not expect a wave of mergers and acquisitions as the group pushes ahead with a possible multi-billion dollar takeover of a German rival. The remaining players in our industry are all very large and diverse groups in terms of their business models. Short-term ear...
Wärtsilä-Hyundai Engine Company Ltd., the new joint venture between Wärtsilä and Hyundai Heavy Industries in South Korea, has received a major order. The order calls for a total of 16 Wärtsilä 50DF-engines for four ships to be built by Samsung Heavy Industries. The contract also includes an option of four more engines for a fifth vessel. The order is reco...
Transocean Inc. reported Wednesday that its second quarter net income topped $1 billion, exceeding analysts’ expectations – thanks largely to last year’s acquisition of competitor GlobalSantaFe Corp. For the three months ended June 30, Houston-based Transocean reported earnings of $1.1 billion, or $3.45 per share, on revenue of $3.1 billion. This comp...
In January-July, 2008, throughput of National Container Company grew by 16.6%, year-on-year, to 1,017,263 TEU, the company informs. In the seven-month period, container throughput of First Container Terminal (FCT, St. Petersburg) totaled 621,697 TEU (+15,2%, year-on-year). Container throughput of Novorossiysk Nodal Transporting and Forwarding Com...
Daewoo Shipbuilding and Engineering said on Thursday it had won a 720.7 billion won ($709.7 million) order for a semi-submersible drilling ship from an unidentified company in the Americas. Daewoo will deliver the vessel by September 2011, the South Korean shipbuilder said in a filing with the Korea Exchange. Source: http://www.reuters.com
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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