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Regular traffic could resume this afternoon on the Lower Mississippi River, six days after a large vessel collided with an oil barge and spilled 420,000 gallons of heavy oil, according to the Port of New Orleans. Ships were prohibited from transiting the river between New Orleans and the Gulf of Mexico for several days to allow clean-up efforts to get...
A Jefferies & Co. analyst raised his full-year earnings predictions for several drybulk shippers yesterday, saying robust demand for iron ore, coal and grain should drive up rates for ships that carry the commodities. Douglas J. Mavrinac said while drybulk shipping rates on the spot, or unchartered, market were in line with his expectations in the second ...
Sinotrans Shipping Ltd said its first-half net profit rose 231 pct from a year earlier to 190.82 mln usd on strong growth in its dry bulk and container shipping businesses. Revenue rose 79.5 pct to 234.41 mln usd, with dry bulk shipping revenue up 94.2 pct at 209.16 mln usd and container shipping revenue rising 46.4 pct to 7.24 mln usd. Revenue fr...
Container shipping firm Samudera Shipping Line has launched a new service to Myanmar, connecting it with other markets in the region. Dubbed the Yangon Express, the new line kicks off from Singapore today. Plying the route will be one 1,100 teu capacity container ship, which will call at Port Klang, Yangon and Singapore on a round trip over 12 day...
The INS Sindhuvijay diesel-electric submarine will set sail for India on August 5 to rejoin the Indian navy after an extensive overhaul at a shipyard in northern Russia, the company said on Tuesday according to RIA Novosti. The Project 877EKM Kilo-class submarine had been undergoing a refit at the Zvezdochka shipyard in Severodvinsk since 2005. Th...
Hyundai Heavy Industries Co., the world's largest shipbuilder, said Tuesday that second-quarter net profit rose 57 percent from the same period last year to an all-time high amid record sales. Hyundai Heavy earned 655.20 billion won (US$649.50 million) in the three months ended June 30, the company said in a regulatory filing. Hyundai Heavy posted net...
Keppel Singmarine has secured a $181m contract to build a multi- purpose heavylift/pipelay vessel for Romanian drilling contractor, Grup Servicii Petroliere (GSP). According to Hoe Eng Hock, executive director for Keppel Singmarine, the vessel is scheduled for completion in Q3 of 2011 and will be deployed to the Black Sea and Mediterranean regions. Th...
INTTRA, the e-commerce portal for the ocean freight industry, said it has started offering a product that allows shippers and freight forwarders to focus on and then resolve potential problems before they escalate. The Idle Container Management product allows shippers and freight intermediaries to receive alerts if a particular shipment is not moving ...
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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