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Media
The UAE has crept into the top 15 countries in the world by the size of a country's current liner fleet and is only nation from the Middle East, according to a report by IHS Global Insight, a global research, analysis and consulting firm. China is currently the leading operator of liner vessels globally, operating 804 vessels, with 11 per cent of the globa...
Korea’s STX Group has grown and diversified more than most shipping companies this decade, thanks in no small part to its repeated offerings to bourses around the globe. Now, faced with a tough financial climate it is readying its latest IPO. STX will create a holding company for its Chinese shipbuilding units to lay the ground for an initial public o...
A delegation from the port of Tilbury visited Israel recently aiming to convince Zim Integrated Shipping Co. to call at Tilbury rather than Felixstowe. It is now understood that the driving force behind the visit was the German shipping company Hamburg Sud which uses the Port of Tilbury as one of its main European hubs, mainly serving Central and Sout...
China Cosco Holdings said it is expected to swing to a net loss in full year 2009 as the global financial crisis hit the shipping market and pushed down freight rates, Dow Jones reported. The shipping giant posted a net profit US$1.59 billion in 2008. China Cosco, the listed flagship of state-owned China Ocean Shipping (Group) Co, has diversified business...
Life Insurance Corporation of India said on Tuesday it has 590,347 shares or 2.14% of its stake, in shipbuilder Bharati Shipyard Ltd taking its stake to 10.57%, it said in a statement to the Bombay Stock Exchange. Source: http://www.dnaindia.com
Total cargo turnover at the Port of Singapore over January-November 2009 has dropped to 430.9 million tons, 10% from a year-ago period, the port authorities official report reads. Container turnover declined by at least 15% - to 23.5 million TEUs . Throughput of Singapore port in 2008 totaled 515.3 million tons; bunker handling - 34.9 million tons. PSA In...
Hyundai Merchant Marine (HMM) has announced a rate increase on its China-India trade route. The South Korean carrier said in a statement that the rate increase in November was successful with maintaining satisfactory vessel fill up. The general rate increase will be US$100 per TEU on the China to India trade route which will take effect from December 24. ...
South Korea's Daewoo Shipbuilding & Marine Engineering Co. will build more than $1 billion worth of drill ships for Brazil's state-run oil company Petrobras /quotes/comstock/13*!pbr/quotes/nls/pbr (PBR 48.49, +0.19, +0.39%) , people familiar with the matter said Tuesday. "Daewoo Shipbuilding will sign a contract this week in Brazil, and there will be...
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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