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Vietnam's financial and banking, healthcare and shipbuilding industries are now in need of qualified employees, local newspaper Vietnam Economic Times reported Wednesday. Banks in Vietnam annually need 15,000 university graduates, but educational and training institutions can churn out only 11,000 each year. According to the estimation of Vietnam'...
Imagine life without the goods brought in from overseas in large metal containers. That's what the Container Shipping Information Service is asking U.S. consumers to stop and think today as part of National Maritime Day. CSIS, established in January by the world's largest 24 container lines to promote the industry to a wider audience, said more than $...
Paris-listed classification society Bureau Veritas in April passed 8,000 ships in its classed fleet following the delivery of the high-speed passenger ferry Superstar to Tallink. The BV-classed fleet in April stood at 8,015 ships totaling 60.2 million gross tons. So far this year 305 ships aggregating more than 2.7 million gt have joined the register,...
Bermuda based Frontline, the world's largest tanker shipping company, today reported first quarter net profit of $221 million, up 39.2 percent compared to $159 million in the same period last year. Operating profit for the three months ended March 31 rose 38.8 percent to $235.4 million, which including a gain on sale of assets of $15.5 million. Quarte...
Federal Maritime Commissioner A. Paul Anderson, who announced Wednesday that he would leave the agency effective May 30, said his decision has everything to do with moving forward to the next chapter of my career, and there is nothing negative about it other than it was time to move on. President Bush appointed Anderson to the FMC in August 2003 to f...
OJSC TransContainer, a subsidiary of Russian Railways (RZD) (RTS: RZHD), will offer 14%-19% of its shares in a secondary listing on the London Stock Exchange (LSE) in 2009, Fyodor Andreyev, an RZD senior vice president, told reporters in Sochi according to Interfax. Andreyev said TransContainer would float 15%-20% of its shares in an IPO in Russia...
Shipping Corp. of India Ltd., the nation's biggest sea carrier, will borrow $1.3 billion to purchase more vessels because of rising trade in the country. The funds will pay for 28 vessels to be delivered within the next three years, Chairman S. Hajara said in an interview in Mumbai yesterday. Most of the loans will be raised overseas as it's cheaper,...
Sweden's Lundin Petroleum, which holds several Russian assets, has commenced drilling of the Morskaya-1 well in the Lagansky block in the Caspian Sea, the company said in a statement according to Interfax. The well's planned depth comes to two kilometers. Lundin Petroleum plans to drill an additional three wells in 2008- 2009. 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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