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Media
Bintulu Port Holdings Bhd (BPHB) says it will spend MYR200 million (US$63.1 million) to expand the port's container terminal, multipurpose facilities and to buy cargo handling gear, reported the Malaysia Star. Bintulu chief executive Mior Ahmad Baiti said when completed in 2010, the container terminal will increase annual handling capacity to 650,000...
Hyundai Heavy Industries Co Ltd , the world's top shipbuilder, said on Wednesday it plans to invest 1.2 trillion won ($1.20 billion) in building a shipyard in South Korea. Hyundai said in a filing to the Korea Exchange that the shipyard would generate 3 trillion won in sales with an annual capacity of 28 ships. Source: http://www.reuters.co...
Keppel Offshore & Marine Limited (Keppel O&M), through its wholly-owned subsidiary Keppel Singmarine Pte Ltd (Keppel Singmarine), has secured two contracts worth S$210 million. The first contract was awarded by a repeat customer, Global Offshore International Ltd (Global Offshore), for a derrick pipelay vessel. This is a multi-purpose construction ves...
Visakhapatnam, May 7 Hindusthan Shipyard Ltd delivered the third vessel of the four trader series, the 30,000-DWT bulk carrier m.v. Good Pacific, to Goodearth Maritime Ltd (Chennai) here on Wednesday. It was vessel number 145 built and delivered by HSL since the start and the third such vessel built at the shipyard. The last (the fourth) of the ser...
TUI AG today reported an improved first quarter performance by its shipping division, and said the separation of container line Hapag-Lloyd is progressing according to plan. The Hanover-based company said the shipping division's quarterly operating earnings improved to 24 million euros ($39 million), compared to a loss of 33 million euros in the 2007 ...
Norway's Wilh. Wilhelmsen, a major shareholder in vehicle carriers Wallenius Wilhelmsen Logistics, American Roll-on Roll-off Carrier and Eukor, today reported first quarter operating profit of $59.9 million, up 12.4 percent from $53.3 million in the same quarter last year. Operating revenue for the first three months of 2008 rose 33.7 percent to $814...
American Commercial Lines Inc. today announced first quarter net profit of $2.3 million, compared to a net loss of $1.1 million for the first quarter of 2007 Revenue for the quarter increased 18.5 percent to $270.5 million from $228.2 million for the first quarter of 2007. Michael P. Ryan, president and chief executive officer, said inclement weat...
Hamburg-based classification society Germanischer Lloyd achieved a turnover of 421.7 million euros ($621 million) in 2007, up 16 percent compared to 2006. At the beginning of 2008, global economy and international trade have continued to grow despite more instable financial markets and indicators of an upcoming recession in the USA, Germanischer Lloyd...
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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