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Guangzhou Shipyard International said it expects its net profit this year to be at least 1.445 bln yuan under Hong Kong accounting standards. The profit estimate includes results of Guangzhou Wenchong Shipbuilding Ltd. Guangzhou Shipyard announced last month that it would buy 100 pct of Guangzhou Wenchong Shipyard Co Ltd from its parent company fo...
South Korea plans to privatise Daewoo Shipbuilding and Marine Engineering Co and other firms competing directly with private companies immediately, its finance minister said on Tuesday. Minister Kang Man-soo made the remark in a parliamentary session in response to a lawmaker's question but did not elaborate. Source: http://www.reuters.com
“Far Eastern Shipping Company Plc”, the issuer of shares for FESCO Transportation Group, announces the completion of its placement of all 590,250,000 new shares. The capital increase raised over RUR 15 billion, or approximately USD 640 million. JPMorgan acted as the advisor to FESCO on this capital increase. Existing shareholders subscribed for a...
Domestic ocean shipping and logistics company Horizon Lines Inc. has named James R. Storey director of investor relations and corporate communications. With more than 16 years experience in investor relations and communications, Storey most recently served as vice president of investor relations for BlueLinx Holdings Inc. an Atlanta-based distributor ...
Ocean carrier CMA CGM said Monday it has made several executive changes in its U.S. subsidiary. John C. Driscoll has been named the company's senior vice president, U.S. commercial. He will oversee sales, trade and marketing for the company's U.S. operations. Driscoll was vice president and general manager for CMA CGM's Caribbean operations. He re...
The ESPMC-WITASS liner conference said Monday its members will introduce an overweight container surcharge of $150 per container in the northbound trade from the West Coast of South America to North Europe. The surcharge will apply to containers with a gross (tare and payload) weight in excess of 18 tons per TEU with effect from the following saili...
Congress has asked the Government Accountability Office to conduct a thorough audit of the U.S. Merchant Marine Academy, citing possible improper and illegal use of appropriated funds. A Senate Appropriations Committee report on the 2009 appropriations bill for Transportation, Housing and related agencies, S. 3261, said, Earlier this year, the committ...
Neptune Orient Lines said today it has made an indicative non-binding offer for Hapag-Lloyd, following months of speculation that it will make a move for the German container shipping line owned by TUI AG. However, the Singapore-based parent of APL faces stiff competition from a group of Hamburg investors determined to keep Hapag-Lloyd in German hands...
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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