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Taiwan's Evergreen Group, which controls Asia's largest container shipping firm, Evergreen Marine Corp , said on Thursday it has shelved a plan to invest in a Chinese shipyard due to weak market conditions. With the change of the market, current timing is not good to diversity into shipbuilding industry, the company said in a written reply to Reuters'...
Aker Philadelphia Shipyard releases its second quarter results for 2008 on Tuesday 12 August 2008 at 09:00 CEST. A presentation of the results by President & CEO Jim Miller and Chief Financial Officer Jeff Theisen will be conducted via conference call later that day at 15:00 CEST (9:00AM EST). All shareholders and other interested parties are invited ...
Dubai based Drydocks World is close to sealing a deal to buy a majority stake in a shipyard in China and has major plans to expand its operations in Indonesia. The yard, in the Shanghai area is in its early stages of operation and requires further investment from the Dubai based Company to capitalize on the opportunity. The potential acquisition is pa...
South Korea's Daewoo Shipbuilding and Marine Engineering Co said on Thursday it had won a 766 billion won ($754.7 million) order to build a drillship for an unidentified company in the Americas. The ship will be delivered by mid-2011, Daewoo said in a filing to the Korea Exchange. Source: http://www.reuters.com
Four vessels flying the Cambodian flag have been detained in Russia's Far East over the past two days, a spokesperson for the local coastal guard said on Thursday according to RIA Novosti. The Cone fishing schooner and the Dhampir merchant vessel, both crewed by Russian nationals, were detained on Tuesday to the east of Sakhalin Island. They had over ...
Korean ocean carrier Hanjin Shipping said Wednesday its first half 2008 profit was up 166 percent despite a 4 percent decline in container volume. Its business results for the first half of 2008 included total sales of KRW 4.24 trillion ($4.2 billion) and operating profit of KRW 207.2 billion ($205.7 million). Hanjin said profit reached $45 millio...
The tanker company U.S. Shipping Partners L.P. said Tuesday that in light of a continuing review of strategic alternatives and negotiations with its lenders to amend certain financial covenants under its senior credit facility that it will not pay a quarterly distribution for the three months ended June 30, 2008. The company provides long-haul marine ...
Hong Kong ocean carrier OOCL's parent OOIL said Thursday that profit for the first six months of 2008 from its container and logistics division was up 1.7 percent, to $208.9 million, compared to the same period in 2007. But it said further profits were stymied by high oil prices as bunker costs eat up a larger and larger percentage of vessel operating...
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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