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It is reported that China Cosco Holdings has revealed a massive new building plan for 25 vessels worth a total of USD 2.3 billion as it posted a 135% surge in its 2007 net profit. The Shanghai and Hong Kong listed flagship of state owned China Ocean Shipping Company, which controls the largest bulk fleet in the world and boxline Cosco Container Lines,...
Chinese maritime vessels put out a fire of a Cambodia-registered cargo ship anchoring at the Pearl River mouth in south China. The Guangzhou Maritime Bureau received a report at 11:08 a.m. Saturday that a fire broke out on a Cambodia-registered cargo ship when workers were doing repair work in its dining hall. The vessel had 15 crew and 37 repair work...
Cruise ships Norwegian Dream and Norwegian Majesty have been sold by the Norwegian Cruise Line. The ships have been sold by one of NCL's parent companies, Star Cruises, to new owner, Cyprus-based Louis Cruise Lines. The transfer will take place in November 2008 and December 2009 respectively, according to the CruiseCrtitic.com website. Both vessel...
Tokyo-based shipping company MOL today reported a 57.4 percent jump in net income for its 2007 fiscal year ended March 31. MOL's annual profit increased to Yen 190.3 billion ($1.9 billion), compared to Yen 120.9 billion in the prior fiscal year. Operating income gained 73.3 percent to Yen 291.3 billion ($2.9 billion), while its consolidated revenue im...
CKYH Alliance partners K Line, Hanjin and Yang Ming have to decided to end their U.S. East Coast/Brazil service and instead join the existing USATLAN string of CSAV. The last sailing of the Asian carrier's service — which Hanjin marketed as NSA, Yang Ming as ESA and K Line as SAMCO — will be made by the vessel Port Said arriving at Santos May 5. The ...
The U.S. Coast Guard said the Miami River reopened Thursday following a barge accident that had closed the river since Saturday. The 195-foot barge carrying sand had reportedly buckled between the Dolphin Expressway Bridge and the N.W. 12th Avenue Bridge while being loaded during a dredging operation. Restrictions on vessels entering and departing...
Orient Overseas Container Line on Thursday named a 4,500-TEU Panamax vessel in honor of the Panama Canal at Samsung Heavy Industries?Geoje shipyard in South Korea. Guests at the naming ceremony for the OOCL Panama were Alberto Alem Zubieta, Panama Canal Authority administrator and chief executive officer, and his wife Ana Matilde Arias de Alem. ...
State-run company Shipping Corp. of India is pondering outsourcing the management of its ships, according to reports Wednesday. Indian shipping minister T.R. Balu said the decision s primarily due to the acute shortage of qualified and competent seafaring officers, which in the recent past has resulted in the loss of trading days, Thomson Financial Ne...
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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