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Panama will bank $54m from Europe over the next six years to aid its canal expansion project. A new accord between the EU and the Panama government will guarantee the funds between 2007 and 2013. According to TradeWinds, news of the agreement came as the EU presented a new programme of cooperation between the union and Central America. The EU cash will jo...
Daewoo Shipbuilding & Marine Engineering has announced another monster order for nine boxships at its Romanian facility. A mystery European owner has penned the firm order for the 5,500-teu vessels at Daewoo Mangalia Heavy Industries for a total spend of $855m, the yard group said on Monday. According to TradeWinds, Daewoo Mangalia president and chief exe...
DP World Ltd, the Dubai-owned ports company with terminals from the United Kingdom to China, plans to raise as much as US$3.5 billion in an initial share offering as the emirate turns to asset sales to attract international investors. DP World will start selling about 20 percent of its equity next month, Chairman Sultan bin Sulayem told reporters in Dubai...
Bharati Shipyard Ltd. and Apeejay Shipping Ltd. on Wednesday agreed to a form a 50-50 joint venture to set up a shipbuilding yard along India's eastern coast. The companies said the proposed joint venture would be the first of its kind in India to bring synergy between a shipbuilder and a leading shipping company, and is expected to commence operations by f...
Famous Pacific Shipping, the fast expanding Asia-based NVOCC and freight services supplier, is all set for its 2007 Annual General Meeting and Conference which will take place in Mauritius between 21st and 24th October. Delegates at the conference will focus their attention on the subject of evolution in freight forwarding and debate the changing face and g...
Britain's BAE Systems (BAES.L: Quote, Profile , Research) and VT Group (VTG.L: Quote, Profile , Research) won permission from the European Commission on Wednesday to merge their shipbuilding operations. BAE will hold 55 percent and VT the remainder, and the deal will involve BAE selling its 50 percent stake in Flagship Training Ltd to VT for up to 75 mill...
Diana Shipping Inc (DSX.N: Quote, Profile , Research), a dry bulk carrier operator, said it agreed with unaffiliated third parties to buy two Capesize dry bulk carriers for $275 million. The vessels are expected to generate about $225 million of gross revenue for the minimum scheduled period of the charters, the Greece-based company said in a statement. ...
According to the press-service of Poti Seaport Ltd, Dutch Company Damen Shipyard has completed the tug-boat hull construction and installation of the engines is in progress. Construction is being supervised by the international classification organization “Bureau-Veritas”. The technical data of the tug-boat: capacity- 3500 hp; hauling capacity – 46,7 t; ...
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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