Media
Media
China's Guangzhou Shipyard International Co said it signed an agreement on Friday to buy a shipyard from its state-owned parent company for 3.04 bn yuan($446 mn). The company was the only qualified bidder for the shipyard, Guangzhou Wenchong Shipbuilding Ltd, put up for sale on the Beijing Equity Exchange, it said in a statement. Guangzhou Shipyar...
The Indian government on Thursday approved a proposal to allow state-run Shipping Corp of India (SCI.BO: Quote, Profile, Research, Stock Buzz) to acquire four bulk carriers valued at $59.55 million each, a government statement said. It said Shipping Corp can borrow 80 percent of the amount from overseas banks. Source: http://www.reuters.com ...
The Russian Evraz Group, controlled by oligarch Roman Abramowich, wants to take over Ukrainian Donbas, the new majority shareholder in the Gdańsk Shipyard and Huta Częstochowa steel mill. The Evraz Group, one of the world's biggest steel and mining businesses is close to finalising the acquisition of Donbas, reports Russian Kommersant daily. It is...
Japan's largest shipping company, Nippon Yusen KK. (NYK Lines), said on Friday its net profit rose 55 percent in the first quarter ended June, driven by higher freight rates and increased cargo volumes. Citing the continued expansion of economies in emerging markets, the company said it expects to post another record earnings in the current fiscal yea...
Russia would like to keep the Black Sea Fleet base in Ukraine's port of Sevastopol after 2017, the Russian Navy commander said Friday according to RIA Novosti. Ukrainian President Viktor Yushchenko said Thursday that preparations for the withdrawal by 2017 of Russia's Black Sea Fleet from Ukrainian territory should begin without delay. Russia has n...
The Navy's Military Sealift Command said the dry cargo-ammunition ship USNS Richard E. Byrd entered the waters of the U.S. Navy's 7th Fleet today, marking the first Lewis and Clark-class multiproduct combat logistics support ship in service to the 52 million-square-mile region in the Western Pacific and Indian Ocean for which the 7th Fleet is responsible....
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, Thursday began construction of the third ship in its series of nine product carriers. The shipyard is scheduled to lay the ship's keel in November and deliver the ship to U.S. Shipping Partners in the fourth quarter of 2009. In August 2006, General Dynamics NASSCO received a $...
Japanese ocean carrier K Line on Thursday reported a 16.5 percent decline in first quarter net profit, to $201.5 million. The carrier cited slower cargo volumes to the United States and rising fuel prices as reasons for the drop. K Line profits grew 61 percent in the 2007 fiscal year. While profit dropped, revenue for the fiscal first quarter endi...
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