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State-run Shipping Corp of India has ordered 29 vessels including bulk carriers and tankers for 35 billion rupees ($781 million), which would boost its fleet by 37 percent, a company executive said on Friday, Reuters reports. The company aims to take delivery of 17 vessels -- including two in July -- in the current fiscal year ending March, Sunil Thapar, di...
Shipping Corporation of India (SCI) is planning to place orders for 24 ships this financial year. The delivery for the 31 vessels the company had ordered two years ago will starting this year, Business-Standard reports. SCI Director (finance) BK Mandal said: “The capex for the current year is Rs 3,700 crore which includes fresh orders that we will...
Singapore-listed Courage Marine looks set to get a secondary listing in Hong Kong in June, despite ditching the listing plan in April. The dry bulk owner will implement a process for the transfer of shares from the company's register of members in Bermuda to the branch register of members in Hong Kong for the listing. “The company is currently target...
INDONESIAN shipping line PT Pelayaran Meratus has acquired the 1,404 TEU Meratus Medan 3 from Zodiac Maritime, following its purchase four months previous. The vessel will be its largest in its fleet of 20,950 TEU which was at latest count 97 per cent owned. It will be deployed on the Meratus Line's domestic services around Jakarta and Surabaya, which c...
HORIZON LINES, America's biggest ocean carrier, must face a possible delisting on New York Stock Exchange (NYSE) because its market capitalisation and stockholder equity has fallen below listing requirements. But Horizon said it will submit a plan to the NYSE on how it will restore financial compliance. If accepted, the carrier will have up to 18 months ...
Sosnovsky Shipyard launched the second supply ship “Sosnovka-2” of project DCV47 (yard number 10501), the Marine Engineering Bureau said. The self-propelled Ro-Ro barge of carrying capacity of 250 tons is intended for shipping general, bulk and containerized cargoes on the cargo deck, as well as wheeled and tracked vehicles by rolling on boar...
Vietnam Shipbuilding Industry Group (Vinashin) has requested its local currency bondholders to write off up to 90% of the money it owes, according to a bondholder. State-owned Vinashin's financial difficulties have triggered the move as the shipbuilder defaulted on loan payments in April, admitting it is unable to make any payments until 2015 at the earlie...
PIL and Wan Hai have scrapped their Far East-North Europe service (FES) but will continue to serve the trade through slot buying on two of Cosco's Far East-Europe services amid a squeeze on freight rates that started late last year and weak demand. The two Cosco services are part of the CKYH network, the NE1 and NE3 loops. The FES was first lau...
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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