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Offshore support services provider Swiber Holdings is encouraged by the recent increase in crude oil prices and will expand its fleet to capture the continuing momentum of offshore activities. Swiber expects to increase its offshore fleet to 54 by the end of this year, following the delivery of five support vessels and six construction vessels in 2010. T...
Sungdong Shipbuilding & Marine Engineering has become the fifth Korean shipbuilder to enter the offshore market, winning a contract from Vietnam worth $64m. Sungdong will build a floating storage and offloading facility for PTSC (PetroVietnam Technical Services Company), a subsidiary of PetroVietnam. The FSO booked at Sungdong has a length of 171.5 metr...
Foreign direct investment (FDI) in China grew 26.03 percent year-on-year to reach 38.8 billion U.S. dollars during the first four months of this year, the Ministry of Commerce (MOC) said on Tuesday. In April, the FDI climbed 15.21 percent to 8.46 billion U.S. dollars, down from March's growth of 32.9 percent, MOC spokesman Yao Jian said during a regular ...
The Federal Reserve Bank of New York reported on Monday that manufacturing in the New York region slowed down in May as the cost of raw materials soared. The Empire State index fell to 11.88, well below the economists' estimates of 20. In April the index hit the record high of 21.70. Readings greater than zero signal manufacturing expanding in the regi...
South Korea's trade terms worsened in the first quarter as import price growth outpaced export price rise, the central bank said Monday. Net terms-of-trade index for goods, calculated by dividing per- unit export price index by per-unit import price index, stood at 80.6 in the first quarter of this year, down 5.6 percent from a year earlier, the Bank of ...
The General Administration of Customs and Guangdong Province signed a cooperation memorandum here on Monday to build a demonstration region in Guangdong for upgrading the processing trade industry. Upgrading the processing trade is essential to deepening China's opening-up and maintaining China's international competitive edge, and it is also the earnes...
THE export of products and services in March grew 4.6 per cent to US$172.7 billion in the United States, increasing $7.7 billion from February, making it the highest monthly rate recorded ever in trade value, according to the US Commerce Department. The increase of exports to Canada, South and Central America for the month reached record levels, according...
HONG KONG's first quarter gross domestic product (GDP) increased 7.2 per cent year on year on the back of thriving Asian and emerging markets, say government economists. First quarter merchandise exports increased 16.8 per cent while exports of services rose 9.1 per cent year on year with the export of financial and business services leading. Seasonall...
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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