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Media
Seoul: Samsung Heavy Industries announced Thursday a 32.6% jump in 2010 net profit to 888.4bn won, lifted by increased orders of high-value vessels such as drillships. South Korea's third largest shipbuilder posted operating profit of 997.2bn won ($896.3m), up 25.7% from 2009 figures. Sales, however, slipped 0.3% year-on-year to 13.05trn won in 2010, the s...
Shanghai: Jiangsu Rongsheng Heavy Industries Group Co, a privately-owned Chinese shipbuilder is likely to achieve RMB10bn (US$1.5bn) funding deal with China Everbright Bank. Rongsheng has also secured additional credit worth RMB50bn from other Chinese banks that will be finalised in the first half of 2011. (Source:http://www.seatrade-asia.com)
Containers rebound in nine months following recession The volume of containers handled by India’s Port of Mumbai climbed 35 percent year-over-year in the nine months ending Dec. 31, the port authority said in a statement. Container traffic for the first three quarters of the port’s fiscal year was estimated at 55,520 20-foot equivalent unit...
A keel-laying ceremony of two self-propelled vessels was held today, Jan. 27, at Astrakhan-based Lotos Shipyard JSC. The bulkers of project RSD-49 will be built for Western Shipping Company, UCL Holding press office said. The project is implemented under the state leasing scheme and co-financed by United Shipbuilding Corporation (85%) and Western Shippin...
With the European Commission (EC) preparing a white paper on transport that will detail Europe’s transport policy for the next 10 years and beyond, Inland Navigation Europe (INE), the European Barge organisation (EBU) and the European Skippers Organisation (ESO) have urged the European Union (EU) to lift all barriers to make full use of the inland wat...
THE big challenge facing the US Transportation Security Administration (TSA) in meeting its deadline to screen all in-bound international cargo on passenger planes is standardising screening methods worldwide. It failed to meet August 2010 deadline and it has now been extended to 2013, but is still dependent on other countries' cargo screening meeting TS...
THE Shippers' Voice, an online forum for shippers, has lashed out at a move by container shipping lines who demand advanced freight information five days ahead of loading rather accepting the 24-hour advance rule set by the EU. Shippers Voice managing director Andrew Traill said that carriers' who demand shippers to produce container number and seal det...
HONG KONG's Kerry Logistics executed a container freight swap agreement earlier this week in what was regarded as a landmark development for the year-old trade in boxship freight derivatives, reports London's Lloyd's List. But Kerry Logistics media centre in Hong Kong had no comment, only asking that questions be submitted by email. There was no respon...
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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