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The new 820 mm-bore low-speed marine engines developed by Wartsila Corporation are proving to be highly successful in the market. With the second engine passing its factory acceptance test, orders booked by Wartsila's licensed engine builders have amounted to 129 engines with an aggregate power of 4415 MW (6.0 million bhp). The engines are being insta...
At the beginning of April, Indonesian shipping company PT Rimba Segara Lines ordered a Nordströms cement-handling system from MacGREGOR – which is part of the Cargotec Corporation. The system will be installed on a 7,500 dwt converted bulk carrier belonging to the Jakarta-based company, and this ship will eventually trade in Indonesia and abroad handling...
Stolt-Nielsen S.A. (SNSA) (Oslo Bors: SNI) announced that its wholly owned subsidiary Stolt-Nielsen Indian Ocean and Middle East Service Ltd. (Stolt) has entered into two 50/50 joint ventures with Gulf Navigation PJSC (Gulf Navigation). The first joint venture, Gulf Stolt Tankers FZCO, will own six new 44,000 dwt coated chemical tankers. The ships will ...
Sinotrans Shipping Ltd said late on Tuesday controlling shareholder China National Foreign Trade Transportation (Group) Corp, or Sinotrans Group, was considering a merger with China Changjiang National Shipping Corp. The Hong Kong-listed firm said Sinotrans Group, the nation's logistics giant holding 67.51 percent of Sinotrans Shipping, was in talks wi...
On 9 June 2008, the Arctic shuttle tanker Vasily Dinkov, owned by the Sovcomflot Group, put to sea on her maiden voyage carrying crude oil from the Varandey oil terminal (a joint venture between Lukoil and ConocoPhilips), on the Barents Sea coast in the Nenetsk Autonomous Region. She will deliver a consignment of oil to the Canadian port of Come by Chance...
Latvia has real prospects to become a region for handling and transshipment of containerized cargo transiting Russia from China, Korea and APR states westwards, RZD-Partner cites Georg Lansmanis, Advisor to Latvia’s Minister of Communications, as saying at TransBaltica-2008 Conference. According to Lansmanis, Latvia should not just hope that Russian cargo...
Genco Shipping & Trading Ltd. said Monday it is buying six drybulk newbuildings for $530 million in order to further enhance its fleet and benefit from demand for commodities like iron ore and coal. The company is buying three Capesize and three Handysize vessels from Lambert Navigation Ltd., Northville Navigation Ltd., Providence Navigation Ltd., and ...
In January-May, 2008, marine and river fleet of Ukraine transported 7.6 million tonnes of cargo (-7.4%, year-on-year), Ukraine’s State Statistics Committee reports. In the reported period, river transport companies decreased transportation by 9.6%, year-on-year; marine transport companies – by 4.4%. Foreign transportation by sea fell by 2.3%, by river ...
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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