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China COSCO Holdings Ltd. reported profit of $2.8 billion (19.5 billion RMB) in 2007, a 135 percent increase over 2006. Group revenue was 108 billion RMB ($15.5 billion), up 37 percent compared to 2006. The company said about 42 percent of revenue came from container shipping, 24 percent from dry bulk shipping, and 10 percent from logistics, with smal...
China International Marine Containers (CIMC), the world’s largest container maker, fears that the global demand will plateau, or decline in 2008, Exim News Service reported. The uncertainties of the global economic growth, caused by the US subprime mortgage crises are the main factors, said a company spokesman, adding its major operations are linked t...
“K” Line has finally concluded an MOA contract with “Cristal e-College” which is a private Merchant Marine Academy with scholarship program in the Philippines. “K” Line group has already introduced various cadet / scholarship programs as follows: ・ Scholarship program at various schools ・ Bridge Program (for technical university graduates to obta...
NZS partners MISC Berhad, Mitsui O.S.K Lines Ltd (MOL), Nippon Yusen Kaisha (NYK), Orient Overseas Container Line (OOCL) and Pacific International Lines Ltd (PIL) will combine the current NZX1 and NZX2 services into one upgraded loop, the New Zealand – South East Asia (NZS) service. The upgraded service, which is expected to begin in early June 2008, ...
The Board of Directors of Hoegh Autoliners is pleased to announce that Carl-Johan Hagman has accepted the position as Chief Executive Officer (CEO) of the company. Mr Hagman will succeed Thor Jorgen Guttormsen by year end 2008. Carl-Johan Hagman is widely recognized as one of the leading executives in the global car carrier industry. In the five ye...
China COSCO Holdings Co. Ltd. said its board on Tuesday authorized placed orders for 25 ships at a total cost of $2.3 billion. The company said its COSCO Container Lines Co. Ltd. subsidiary would enter into conditional construction contracts with Nantong COSCO KHI Ship Engineering Co. Ltd., a 50-50 joint venture between COSCO and Kawasaki Heavy Indust...
Danaos Corp said it had first quarter net earnings of $31.5 million, compared to $23.9 million in the same 2007 period. The Athens-based company listed on the New York Stock Exchange that owns and charters out container ships, said operating revenues from continuing operations were $69.9 million for the quarter compared to $62 million in the same 2007...
Senator Lines said Vincent Rutter, 55, managing director in the United Kingdom, died Monday. We lose a wonderful person and friend as well as a dedicated and extremely competent colleague and employee, said a statement from Hans-Hermann Mohr, Senator's chief executive officer and the company's management board. Rutter joined Senator in 1991 as reg...
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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