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A public consultation process has been launched to decide on the future registration of ships in Ireland. The Minister for Transport and Marine, Noel Dempsey, has called on vessel owners and the public to become involved in the process. It is intended to create a new ship register in Ireland that will enforce legislation on safety and living conditio...
The Board of Directors of The Great Eastern Shipping Company Ltd. (G.E. Shipping) today approved the Audited Financial Results for the fourth quarter of FY 2007-08 and the full year ended March 31,2008. The Board has declared a 3rd interim dividend of Rs. 5.00 per equity share. The Company has also declared a one-time special diamond jubilee interim divid...
The Board of Directors of Vyborg Shipyard recommended its shareholders not to pay dividends for 2007. According to the company’s materials, annual meeting is to be held on June 25, 2008. The shareholders are to approve the company’s annual financial statement, the report of the Audit Committee and auditor’s conclusion as well as to approve the member...
ASL Marine Holdings now expanding its Batam shipyard at a cost of $30 million. In a statement released yesterday, the marine group said that its subsidiary, PT ASL Shipyard Indonesia, will expand its ship repair capacity and capability at its shipyard on Batam island. The shipyard's 260m graving drydock would be extended by a further 100m. A further...
UIC (United Industrial Corporation) and DSME (Daewoo Shipbuilding and Marine Engineering) have signed a memorandum of cooperation in implementation of shipbuilding projects, the company reports. The document envisages cooperation, coordination of strategies and joint activities in implementation of priority shipbuilding programs aimed at creation of an up...
A recent Virginia court decision instructing the Coast Guard to revoke the coastwise trading privileges of a Jones Act tanker could have wider repercussions for domestic shipping companies if other judges agree with its logic. Last month, the U.S. District Court for the Eastern District of Virginia in Alexandria, said the Coast Guard's National Vessel...
The World Shipping Council said record fuel prices are placing stress on container carriers, and warned that new environmental initiatives to address vessel air emissions will force costs even higher. Bunker prices have risen 87 percent since the beginning of 2007. Fuel costs represent as much as 50-60 percent of total ship operating costs, depending ...
International Shipholding Corp. had first quarter profit of $4.8 million, up from $4.7 million in the same 2007 quarter. Revenue for the period was $55.8 million compared with $48.3 million in the same period a year earlier. The company said the results included $4.1 million from the sale of discontinued equipment from its lighter-aboard-ship (LASH) s...
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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