Media
Media
The Arctic Ocean has until recently received about as much attention from politicians, economists and foreign policy experts as the back of the moon. But before long, thanks to global warming, the ocean may turn into a new economic frontier. About 20-30 per cent of the world’s likely but undiscovered oil reserves lie beneath it. High energy prices and adv...
The Container shipping arm of Denmark's AP Moller-Maersk Group, Maersk Line, is offering a new direct at Abidjan on the Ivory Coast from February 20. The service is being created by adding a weekly port of call in Abidjan to one of the carrier's Far East to West Africa loops, called the FEW2 service. To offer a port of call in Abidjan, Maersk Line said it...
After foraying into the rig manufacturing sector, Bharati Shipyard Limited is now focusing more on building rigs with its plans to construct Rs 600-crore greenfield shipyard at Usagaon in Maharashtra. According to PC Kapoor, MD, Bharati Shipyard, the company would try to get around 40% of its total business from rig manufacturing as there is a rig shortag...
Danish shipping and oil group A.P. Moller-Maersk suspended all shipping to a major oil industry port in Nigeria, the company said on Monday, after militants shot at six vessels nearby last week. Onne port is not an oil export terminal, but is used by Africa's largest oil industry as the main supply point for fuel, food, water, spares and materials to t...
South Korea's Hanjin Heavy Industries has entered into an agreement to build a $2 billion shipyard in the southern Philippines, its second yard in the country, a state agency said on Friday. The second shipyard will rise in a 441.8-hectare lot inside the Phividec Industrial Estate in the southern province of Misamis Oriental and is expected to be compl...
Apollo Management LP has completed its $1 billion cash equity investment in the parent company of Norwegian Cruise Line, making the private equity group a 50 percent owner of the cruise operator. Announced in August and completed Tuesday, the investment is in the form of common stock alongside NCL Corporation Ltd.'s previous sole shareholder, Star Crui...
Turkish company Som Petrol is about to get a Euro 2.5 billion project in Turkmenistan for reconstruction of port facilities and supply of ships and tankers and related facilities. A delegation of Som Petrol, including its president Sitki Aiyan and vice president Erdal Aktunch (both names spelled phonetically), had a meeting Tuesday with President Berdy...
Japanese heavy machinery maker IHI and steelmaker JFE are in discussions to merge their shipbuilding businesses in the face of fierce competition from Asian rivals in China and South Korea.IHI said that there had been discussions but could not pinpoint when a decision on a possible merger might be made. JFE declined to comment. Japanese shipbuilders are f...
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
qq.com