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China Shipping Development Co Ltd (SHA 600026; HK 1138) said it has signed an agreement to buy eight bulk cargo carriers of 76,000 dead weight tons each from Jiangnan Construction Group Ltd for a combined price of 428 mln usd. In a statement filed with the Shanghai Stock Exchange, the company said thecarriers will be delivered between February 2011 an...
PANAMA CITY (Reuters) - A U.S.-owned cruise ship has paid a record $331,200 to cross the Panama Canal as vessels fight for space in the increasingly congested waterway, authorities said on Tuesday. The 964-foot (295-meter)-long Disney Magic, owned by a subsidiary of Walt Disney Co, broke the transit record on May 16, the Panama Canal Authority said. Th...
Port Blair, June 10 (UNI) The second engineer of a ship was killed and four other crew members sustained burn injuries when fire broke out in a cargo vessel berthed at Andaman抯 Haddo Wharf this evening. The Cargo Ship M V Bay Island is reportedly owned by Ellon Hinlago Limited (EHL) of Andaman, Fire-Bridge sources said. However, sources said the fi...
PANAMA CITY, Panama - The Disney Cruise Line has paid a record US$331,200 for one of its ships to cross the Panama Canal. The Panama Canal Authority says the 964-foot (295-meter) Disney Magic made the crossing May 16. Panama increased canal fees last year and now charges cruise liners according to number of beds rather than cargo capacity. The Disne...
NORWEGIAN maritime services provider Eitzen Maritime Services has bought Dubai-based Seven Seas Ship chandlers for US$115m, on a debt free basis. The acquisition doubles EMS's annual sales in ship supply . An EMS statement says: The acquisition brings together two of the world's largest ship supply organizations and creates the definite world leader, ...
Danaos Corp. said it has sold a 30-year-old containership for $15.8 million, booking profits of $9.8 million as a result of the transaction. It did not identify the buyer. The ship being sold was the Maersk Constantia, formerly the SA Waterberg, which was one of a group of four Safmarine ships once known as the Big Whites because of the color of their...
TBS International Ltd. said it has agreed to buy a 40,902-deadweight-ton handymax bulk carrier called the Desert Explorer for $35.5 million. The company said the 1985-built ship, to be renamed Fox Maiden, is expected to be delivered in the third quarter. Following this acquisition and the deliveries of the previously announced vessels, TBS's fleet...
Norwegian industrial company Aker ASA said it would reduce its interest in a U.S.-based tanker owner. Aker said it would cut its interest in Aker American Shipping ASA from 53.2 percent to 19.9 percent, and that its involvement is changing, from being an active industrial owner to becoming a financial investor in the shipowning company. The compan...
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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