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Media
DUBAI: Dubai government-owned port operator DP World said yesterday it was considering an initial public offering as part of an annual review of financing needs and would decide on the cheapest way to raise the cash.The world's third-largest container port operator plans to sell 20 per cent of its shares to the public this year to raise as much as $4.2 billi...
From the beginning of the current year the port of Busan handled more than 10 mn TEU, reports Portworld quoting the Busan Port Authority. Statistics from the BPA show that throughput at the end of September was only a few thousand TEUs off the 10 mn TEU mark, an 11% increase year-on-year. Officials projected this year's total throughput to be 13.45 m...
Bulgarian shipyard Bulyard Shipbuilding Industry will build two ships for Turkish firm Diler Shipping and Trading Inc, after inking two deals worth a total USD 82,2 M. The two identical cargo ships will have a capacity of 55,500 dead weight tonnes each, according to a statement by Industrial Holding Bulgaria (IHB) to the Bulgarian Stock Exchange, where i...
China will build its own deep water oil exploration fleet in three to four years. The fleet will be able to work in deep waters all over the world, except for the north pole. China's Offshore Oil Company has launched the strategy for building such a fleet. The company's spokesman, Liu Junshan, said one of their future targets would be deep sea oil explora...
SEOUL, Oct 2 Asia Pulse - STX Shipbuilding Co., the world's seventh-largest shipbuilder, said Tuesday it has won a US$30 million order from a Chinese shipping company to build a handy-size bulk carrier. The order placed by Taizhou Maple Leaf Shipbuilding Co. calls for the South Korean shipyard to deliver the carrier by 2010, STX Shipbuilding said in a reg...
Taiwan stocks rose 0.7 percent on Monday, extending gains from a two-month high, lifted by expectations that cement and shipping firms with exposure in China will continue to benefit from stronger demand on the mainland. The main TAIEX index was 67.82 points higher at 9,544.34 about one hour into trade, after hitting a two-month closing high on a rare...
Jindal Shipyards, a part of the $8-billion OP Jindal group, is planning to rope in Korean Maritime Consultants (Komac) for setting up the country’s first maritime technology park, expected to draw investment worth $7.2 billion. Komac is chaired by DC Shin, known as the father of the Korean shipbuilding industry. We will invest $1 billion in the next thre...
In order to give a push to the ship-building industry in Gujarat, the state government plans to introduce a ship-building policy. In recent years, Gujarat has emerged as a major destination for development of ports and port-based facilities catering to the needs of the vast hinterlands of north and central India. Traffic on Gujarat coast is increasing a...
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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