China Ocean Shipping Company (COSCO) announced on Friday it had bought China Ocean Shipping Tally Company (COSTACO), in a move expected to sharpen the competitiveness of the country’s largest shipping firm. The merger is seen as a big step in China’s State-owned enterprises (SOEs) reform because COS
The dredging and deepening of Westgate’s Port Taranaki is being welcomed by many shipping companies. That is the assessment of Westgate’s CEO Roy Weaver, who says with ship sizes increasing at a rapid pace and expectations for them to get even bigger in the future, it is necessary for the port to be
It took a big stack of letters to stop Paul O
In business, success opens many doors. It means a step from one area of business to another. This explains why big companies and individuals are ever breaking new grounds, looking for where to invest. In Nigeria, there is hardly any successful company that does not have a subsidiary company or compa
The latest warship to be launched on the Clyde went down the slipway at BAE’s Govan yard today. The 16,000 ton landing dock, Cardigan Bay, will be the 751st ship to launch from Govan. After years of reducing the workforce on the Clyde, the future prospects for shipbuilding are seen as bright.
Doha 2006 has won the Oryx Quest 2005. She crossed the finish line at 11.01.22 in Doha (08.01.22 GMT) making Brian Thompson the first skipper to win the non-stop round-the-world boat race which commenced and finished in Qatar. By being first across the line, Doha 2006 has picked up $1m, the biggest
New Zealand design guru Tom Schnackenberg is not alone in his desire to switch teams during an America
From the bridge of the U.S. Army Corps of Engineers 350-foot-long dredge ship Essayons, the sounds and feelings of the ocean are barely noticeable. The hopper dredge, based out of the Army Corps of Engineers
Piracy in international waters is a cause for concern as it shows where
Shipping and freight rates have gone up for shipments between the Far and the Middle East by 35-40 per cent over the last year, officials said. Shipping lines belonging to the Gulf-based Informal Rate Agreement (IRA) increased rates by $200 (Dh736) per 20-foot-equivalent unit (TEU) as of April 1, sa
The Becker product portfolio has been widened again with HERACLES, a flap rudder especially developed for the demands of the Benelux shipping market.
The European Union is suing Italy in the European Court of Justice for ignoring an order to scrap a law giving money to companies that buy bankrupt firms employing more than 1,000 people. In a separate decision Thursday, it told Italy to stop covering the risk of loans for Italian shipbuilders, sayi
The Port of Duluth-Superior’s 2005 St. Lawrence Seaway navigation season is scheduled to open at approximately 1 a.m. Monday with the arrival of the Bahamian-flagged Utviken under the Duluth Aerial Lift Bridge. The vessel will proceed to Duluth’s Cargill grain facility to load about 18,000 metric to
Chinese and Saudi Arabian interests, with billions of dollars at their disposal, are behind moves to establish a sand-mining industry based in Taranaki. Representatives are in the region holding behind-the-scenes meetings with various parties over the industry, which they say has the potential to be
