Media
Media
DIANA CONTAINERSHIPS, a Marshall Islands corporation with roots in Athens, is conducting a share sale in which it will sell 14 million new common shares to raise US$20 million with the help of a parallel private placement of common shares to its related dry bulk company, Diana Shipping. NASDAQ-listed Diana Containerships expects to grant the underwriters ...
TAIWAN's Evergreen is to offer a new intra-Asia service connecting Busan, Kwangyang, Shanghai, Hong Kong, Bangkok and Laem Chabang through slots on the Yanghai Shipping Co (YSC)'s Korea-China-Thailand service (KCT). YSC has added a Japan, Taiwan, Hong Kong, Malaysia service through slots on certain port pairs on Evergreen's Japan, Korea, Taiwan, Strait...
THE United Arab Shipping Company (UASC) has landed a Societe Generale US$205 million loan to finance the purchase of two more of the nine 13,100-TEU ships ordered from Korea's Samsung Heavy Industries, which delivered the first of them in April. Having declared that it is ready for the big time in world shipping with its massive expansion programme, this...
APL has postponed the resumption of its transpacific PCE service which has been shelved since March. The service was originally scheduled to recommence on June 6 from Dalian, but it will not be resumed until June 19 owing to weak cargo volumes and low utilisation levels on transpacific routes. The six 4,600-TEU vessels used on the service have been red...
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 launched i...
Shipping Corporation of India, India's largest shipping services firm, plans to raise $500-600 million through external commercial borrowings in FY12 to fund expansion, a top executive told reporters late on Monday, Reuters reports. "Every year we go in for some external commercial borrowings, we have so far been able to pick up finances at very good rates...
Hanjin Shipping announced that its Supply Chain Carbon Calculator, developed and introduced to the public back in December, 2009, has been upgraded recently. According to Hanjin Shipping, the former system was able to calculate only the amount of CO2 emissions from one location to another while the upgraded version can provide information by period, mul...
Mercator Lines Ltd (MLL) has announced that its consolidated net profit for the year ended March 31, 2011, dipped to Rs 47 crore against Rs 53 crore posted in the previous year, according to Exim News Service. However, MLL, which is India’s second largest private sector shipping company (in terms of tonnage), posted a 52 per cent jump in total conso...
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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