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The world's third biggest shipping line, Mediterranean Shipping Company (MSC), is willing to sell 49 percent of its port operations, valued at up to US$2 billion. MSC is seeking an external investor but intends to keep its majority ownership in the segment as it will shore up the company's container business, Lloyd's List reported. The Swiss player g...
Seoul: Daewoo Shipbuilding & Marine Engineering (DSME) has inked an agreement with Aker Drilling to build two drillships, each worth about $600m, for delivery by the fourth quarter of 2013. Under the letter of intent, Aker Drilling Offshore Services has options with DSME for a further third and fourth drillships in 2015 and 2015 respectively. The ultra-...
Hong Kong: China Shipping Container Lines (CSCL) says it expects a significant increase in profits for 2010. The Hong Kong-listed company said based on preliminary estimations it expected profits to “increase significantly” for the year ended 31 December 2010 as compared to a RMB6.48bn loss in 2009. CSCL said the substantial improvement in profi...
Dhaka：After another explosion on a ship at a ship breaking yard in Sitakunda that killed four workers on Tuesday, Bangladesh High Court yesterday issued a rule to stop all kinds of ship scrapping activities in the country until further notice. The court also ordered the authorities concerned to move the unclean hazardous ship away from the beach until furth...
THE classification society Germanischer Lloyd's subsidiary FutureShip has upgraded the hull design of its 9,000-TEU classification in a joint venture with Shanghai-based Marine Design & Research Institute (MARIC), reducing fuel consumption 10 per cent. The design review process, requested by shipowners Schulte Group, Germany and Costamare Inc, Gree...
Singapore: Singapore-listed business trust Pacific Shipping Trust (PST) has achieved higher yield on its distribution per unit (DPU) for 2010 but profits fell. PST posted DPU of 0.809 US cents for the fourth quarter ended 31 December 2010, putting the aggregate distribution for the whole year at 3.227 US cents, representing a yield of 8.7%. The shipping tru...
Taipei: Taiwan-based shipbuilder CSBC (formerly known as China Shipbuilding Corporation) is in negotiation with the Taiwanese shipping line Yang Ming Marine Transport for up to 9 boxships orders. CSBC is likely to win between 6 and 9 newbuildings worth up to US$720m, according to local media. (source:http://www.seatrade-asia.com)
Demand growth in the container shipping industry will slow in 2011 to nearly half of last year's double-digit expansion as strong consumer buying eases in emerging markets, industry experts said. The box shipping industry has rapidly recovered from the global downturn in 2008-09, which the IMF has named the "Great Trade Collapse", that cost the ...
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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