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China Cosco Holding Co., owner of the world's largest dry-bulk fleet, on Tuesday announced 2007 profits up by 152 percent, helped by higher shipping rates and robust growth of dry-bulk services. Net income rose to 19.1 billion yuan (2.7 billion U.S. dollars), or 2.05 yuan per share, from the restated 7.6 billion yuan, or 0.90 yuan per share, in 2006, ...
Today 21 April, DFDS has appointed Carsten Jensen (44) as new Manager of the Business Unit Passenger and thereby also as new head of DFDS Seaways. Carsten Jensen, who comes from a post as deputy director at DFDS Seaways, simultaneously takes up a position with DFDS’ Ex-ecutive Management. DFDS’ CEO Niels Smedegaard had temporarily filled the post of B...
OOCL announced that for the second consecutive year, it has achieved a compliance level of 100% for the Voluntary Vessel Speed Reduction program with the Port of Long Beach’s Green Flag Incentive Program, for the year of 2007. The Green Flag program, which rewards ships and vessel operators for voluntarily slowing ship speeds in the harbour to reduce...
German tourism and shipping conglomerate TUI AG, which announced last month that it would sell its container carrier unit Hapag-Lloyd, said Monday it has the clear aim of approaching potential buyers in late May/early June, after an information memorandum has been created. In a letter to shareholders posted on its Web site Monday, TUI said a team led ...
An attack on a Nippon Yusen Kaisha supertanker Monday was believed to be one factor helping boost oil prices to record high Monday when the contract for light sweet crude oil for delivery in May briefly hit $118.05 dollars per barrel on the New York Mercantile Exchange. The Japanese shipping giant said the very large crude carrier Takayama was sailing...
The design of the MSC Napoli, rather than its condition or structure, was to blame for the structural failure of the containership in the English Channel in January 2007, a British investigation has found. The incident drew international attention when scavengers looted containers washed up on the Devon Coast. The Marine Accident Investigation Bra...
MISC Berhad, MOL, Nippon Yusen Kaisha, Orient Overseas Container Line, and Pacific International Lines Ltd. (PIL) will combine their NZM and NZS services into a single loop to be called NZX. MOL said the upgrade is designed to offer higher quality service with coverage of five ports in New Zealand plus Brisbane, Australia. The service is slated to beg...
The International Maritime Organization today moved back into its Albert Embankment headquarters in London after nearly two years in temporary accommodation while the building underwent major refurbishment. IMO Secretary-General Efthimios E. Mitropoulos said of the return: Operating away from our purpose-built headquarters building for 20 months has b...
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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