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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...
Hong Kong shares fell 0.2 percent on Monday amid wafer-thin volumes and the lowest turnover in nearly 16-months as investors turned their attention to the futures market ahead of the July contract expiry on Wednesday. Investors also stayed on the sidelines ahead of U.S. jobless numbers, consumer confidence data and second quarter GDP figures, all due ...
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 ...
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...
Great Lakes Feeder Line has made its first call in the Port of Halifax. The new service will operate a multipurpose ship capable of carrying containers, project and roll-on/roll-off cargo between Halifax, Montreal and Toronto on an eight to 10-day rotation. Elias Haige, director of Great Lakes Feeder Line Agency, said the ship was discharging carg...
Alexander & Baldwin Inc., parent of Matson Navigation, said it had second quarter profit of $29.6 million compared to $32 million in the same 2007 period. Second quarter revenue was $463.9 million, compared with revenue of $426.9 million in the second quarter of 2007. W. Allen Doane, chairman and chief executive officer of A&B, said the ocean tran...
Horizon Lines, the largest U.S. operator of domestic container shipping services, said it had profit of $7.2 million in the second quarter ending June 22 compared to $9.6 million in the same 2007 period. The company said its results reflect $2.4 million in legal expenses related to the U.S. Justice Department's antitrust investigation of domestic line...
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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