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In one of the largest orders bagged by ABC and first of its kind from a German shipping company, ABG Shipyard has concluded an order for construction of 12 handysize bulk carriers of 35000 DWT each from Bereederungsgesellschaft H Vogemann GmbH & Co KG, Hamburg. The deal is worth approximately Rs 1439 crore. Soon after winning a contract to build 6 Supram...
The facilities of the Baltic Shipyard will be used till 2012. Moreover there is an opportunity to use them even longer, reports Kommersant quoting Andrey Fomichev, general director of Severnaya Verf. It should be pointed out that earlier the United Industrial Corporation planned to have emptied the territory of the yard (70 hectares) by 2010. According...
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...
Ahmedabad: Gujarat needs to infuse a culture of creative leadership in the shipping industry if it wants to become a global hub for ship-building, the former President, A. P. J. Abdul Kalam, said here on Saturday. “Gujarat Maritime Board’s mission [to become a global ship-building and vessel repair centre etc.] is good but it needs a new dimension. The i...
Boston Ship Repair Inc. is planning to open a new facility in Philadelphia at the site of the former Philadelphia Naval shipyard. The company is a military and commercial ship repair and construction company capable of dry docking both large Navy ships and large commercial vessels such as cruise ships. The new operations will be located near the Aker...
Ship operating costs increased an average of 8.5 percent in 2006 compared to less than 4 percent in 2005, according to an annual study by Moore Stephens, a London-based accounting firm. The firm said its OpCost 2007 study found operating costs were up even more sharply for some vessel types: containerships, up 10.8 percent; handysize bulkers, up 14.8 per...
Financial services company Credit Suisse Group said Friday it signed a memorandum of understanding to develop additional financing of up to $1 billion and provide services for Vietnam's shipbuilding industry. Credit Suisse has arranged $600 million in loans for the country's state-owned shipbuilding group, Vinashin, so far this year through an existing fi...
Stolt-Nielsen S.A. announced that Hans Feringa has been appointed President of Stolt Tankers & Terminals with effect from December 01, 2007. Hans Feringa will succeed Otto Fritzner, who will be retiring, as planned, from the Company at the end of the year. Hans Feringa has been Managing Director of Tanker Trading at Stolt Parcel Tankers Division since 20...
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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