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China State Shipbuilding Corp (CSSC), the bigger of the country's two major ship makers, said its profit almost tripled last year as it boosted output and improved production efficiency. Net income surpassed 14 billion yuan ($1.93 billion) last year, skyrocketing from 5.2 billion yuan in 2006, the company said yesterday in Beijing. It finished 6.55 ...
Company: COSCO PACIFIC LIMITED Report Headline: "COSCO Pacific: Slower near-term growth outlook (part 1 of 2)" Report Date: January 07, 2008 Current FY EPS Estimate [FY2008]: 0.14 Previous EPS Estimate for Current FY [FY2008]: 0.16 Current Quarter EPS Estimate [Q1]: N/A ...
Danaos Corporation today announced that it has signed an agreement with YML to re-charter the YM Milano, a 3,100 TEU containership, for a period of 3 years beginning immediately after its current employment starting July 2008 at an improved fixed charter rate. The vessel will trade in the Asia region. "We are very pleased to have arranged this charter ...
Maersk Logistics will operate "as a more independent business unit within the A.P. Moller - Maersk Group's container activities," the company said in a statement issued today. "This will help us further drive customer satisfaction and sustainable profitability." Henrik Ramskov, chief executive officer of Maersk Logistics, said, "The higher degr...
On Korea's southern island of Geoje sits a 400-hectare plot where 26,000 shipbuilders are hard at work. This is just one of the dockyards that make Korea the global leader in shipbuilding. Last year, seven of the world's ten biggest shipmakers were Korean. The shipyard owned by Daewoo Shipbuilding and Marine Engineering places among the top five alon...
Shenzhen Chiwan Wharf Holdings Ltd (SZA 000022; SZB 200022) said it handled 5.192 mln tons of cargo in December, up 6.6 pct year-on-year. In a statement filed with the Shenzhen Stock Exchange, the port operator said that container throughput in December rose 5.5 pct from a year earlier to 496,000 twenty-foot equivalent units (TEUs). In the 12 mont...
Monday, ABG Shipyard Ltd announced financial results for the third quarter ended December 31, 2007, reporting higher standalone net on increased sales. The company disclosed that the increase in profit during the quarter attributed to enhanced productivity, faster delivery and repeat order from existing customers. The Surat, Gujarat-based company re...
China's shipbuilding industry kept a fast growth in the first three quarters of 2007, and a variety of indicators refreshed the record. The accomplished output of shipbuilding industry amounted to 12.03 million DWT, a rise of 44 percent over the same period last year. Of all, the exported shipping hit 9.77 million DWT, taking 81 percent of accomplished sh...
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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