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SEOUL: Swiss bank UBS AG said yesterday it has acquired a 5.47% stake in South Korean shipping firm STX Pan Ocean, worth about US$270mil at current market prices. UBS said in a filing with South Korea's financial regulator that it had bought 113 million shares for investment purposes in STX Pan Ocean, South Korea's top bulk-shipping firm, which went publ...
TITAN Petrochemicals Group Ltd is building China's biggest ship-repair yard to cut the tanker operator's reliance on shipping oil. The company agreed last month to buy a yard in China for US$170 million and will use it for building, repairing and converting tankers and supertankers, known as very large crude carriers, and for making oil rigs and drilling ...
Research and Markets (http://www.researchandmarkets.com/reports/c70607) has announced the addition of “China Shipbuilding Industry Report 2007” to their offering. Up to Dec 2006, the ship order all over the world was 304 million DWT, and the global transportation capacity was 960 million DWT, and it is forecasted that the CAGR will be more than 7% in the...
South Korea's Daewoo Shipbuilding and Marine Engineering Co wants to invest about $150 million to construct a shipyard in North Korea, the company said on Friday. Daewoo (042660.KS: Quote, Profile , Research), the world's second-largest shipbuilder, is ready to move ahead with the plan as soon as the North guarantees free movement of goods, South Korean w...
Development of a 10 million pyeong (1 pyeong=3.31 sq.m) sized shipbuilding facility complex is to be promoted within the economic free zone’s “peace waters” near Udo at the mouth of the Han River where converges the Imjin River. It is highly likely that the complex will be developed with North Korea leasing the land for 50 to 100 years and South Korea ov...
Prime Minister Stephen Harper pledged Friday to spend millions to improve the Port of Churchill and the rail line leading to it. Speaking in Churchill Friday morning, Harper said the federal government and the province of Manitoba would share $40 million in improvements to the Hudson Bay rail line between Churchill and The Pas, and $8 million for improvem...
The Europeans like eastern cuisine – business lunch in Japan bar, rolls and plum wine are ordinary things. Newspersons discuss the problems with the supplying of the Russian crab to Japan even with RF president Vladimir Putin who says: I also like sushi. But I prefer tunny-fish to it. To know how and from where tunny-fish and other components for su...
The first phase of development of Poland’s new deepwater container terminal, DCT Gdansk, is completed, reports the press-service of DCT Gdansk. With Phase One of the terminal development up and running, DCT Gdansk recently announced weekly calls by leading global container line CMA CGM and feeder specialist Team Lines, while Lithuania-based feeder operat...
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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