Media
Media
Global container shipping, terminals and logistics group Neptune Orient Lines (NOL) has announced a series of key appointments in the fast-growing Middle East region. The new Vice-President for the Middle East region is Gene Seroka. He is responsible for the overall management of NOL’s APL, APL Terminals and APL Logistics businesses throughout the Mi...
COSCO Pacific, Asia's third-largest container-terminal operator, boosted second-half profit by 81 percent, thanks to surging Chinese exports and the sale of a stake in a bank. COSCO Pacific booked a 90 million dollar gain after it sold a stake in Chong Hing Bank. The company's global container terminal ventures boosted total volume 22 percent last year...
Chxengxi Shipyard has modernized a tanker due to the Murmansk Shipping Company’s order. The tanker named Nadezda was bought by the Russian company in Italy in August 2007, the press-service of the shiiping company reports. The deadweight of the vessel totals 150 thousand tons. The ship has double bottom and double hull. The capacity totals 166 429 cub...
Liner industry representative, the World Shipping Council, on Friday hailed new International Maritime Organization rules on ship emissions, but warned that they will raise the cost of ocean transportation. During a five-day session in London that ended April 4, the IMO's Marine Environment Protection Committee (MEPC) agreed on amendments to the MARPO...
New York-listed containership charterer Seaspan Corp. today said it plans to offer about 7 million common shares for general corporate purposes, debt repayment, capital expenditures, working capital and more vessel acquisitions. The Hong Kong-based company expects to grant the underwriters an option to purchase up to 1.05 million additional common sha...
Safmarine Container Lines, part of the A.P. Moller - Maersk Group, on April 2 named its largest ever container-ship, the 6,160-TEU Safmarine Kariba, at the Hanjin Heavy Industries shipyard in Busan, South Korea. It was the second Safmarine ship named in a week as the company on March 28 named the second in a series five 2,474-TEU vessels at the Volksw...
SEOUL, Apr 08, 2008 (Asia Pulse Data Source via COMTEX) -- -- South Korean stocks closed higher for a fourth consecutive session on Monday as investors scooped up shipyard, telecom and other blue-chip shares, analysts said. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) gained 7.07 points, or 0...
Shipowners could face fuel cost increases of as much as 50 per cent after an International Maritime Organisation committee approved rules barring vessels from using their traditional heavy fuel in many parts of the world. Passage of the rules has raised concerns about the ability of oil companies to meet the shipping industry’s fuel needs. Ships curren...
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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