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Container Corporation of India reported a small rise in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company rose 7.88% to Rs 2,018.34 million from Rs 1,870.90 million in the same quarter, previous year. The company posted earnings of Rs 15.53 a share during the quarter, registering 46.06% decl...
Firefighters in northern Germany say more than 400,000 litres of diesel fuel have leaked into the Elbe River after two ships collided there. Peter Braun of Hamburg firefighters says more than 100 people are working to stem the spread of the oil slick that runs for kilometres down the river. The slick poses no threat to people but authorities say it is...
Charter rates for liquefied natural gas tankers transporting spot shipments of the fuel have fallen 46 per cent in the past year because of a ship surplus and lower demand for LNG in Asia. Daily rates to rent an LNG carrier have fallen to US$43,000 from US$79,000 in August, Debbie Turner, director of LNG at BS Energy Services Ltd, said from London on ...
Gold Star Line is set to withdraw from the trans-Tasman trade, another victim of fuel costs, the Taranaki Daily News reports. The service had been running for a mere six months operating a weekly trans-Tasman service using two vessels, the Australia Star and the New Zealand Star. Before terminating the service, the company examined possible option...
Russia's Federal Property Agency, which owns 100% of the voting stock in pipeline operator Transneft (RTS: TRNF), approved the distribution of the 4.018 billion rubles in net profit the company earned in 2007, the company said in a statement according to Interfax. The company will spend 1.152 billion rubles, or 28.7% of net profit, on dividends for 200...
American Bureau of Shipping has named Todd Grove president and chief operating officer of the society's Pacific division. Previously chief of staff at the classification society's corporate headquarters in Houston, Grove is relocating to the division's principal office in Singapore. With more than 1,000 employees, the Pacific division is the largest o...
Container lines in the ESPMC-WITASS conference are about to introduce a peak season surcharge of 310 euros per TEU for all southbound cargo in the trade between Europe and the Caribbean. The six conference members -- Container Cargo Lines Inc., CMA CGM, Compania Sud Americana de Vapores (CSAV), Hamburg Sud, Hapag-Lloyd and K Line -- said very strong c...
Maersk Line Ltd., an affiliate of the A.P. Moller - Maersk Group, said it has purchased two U.S.-flag general cargo and roll-on/roll-off combination ships that had been formerly been operating under long-term charter to the U.S. Navy's Military Sealift Command. The company will now operate the ships commercially, serving the U.S. charter and preferenc...
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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