China's State-owned industrial enterprises, which account for the majority of China's SOEs, ended two years of losses in 2016 and reaped good returns on the back of structural optimization. In 2016, the profits of State-owned industrial ...
China's COSCO Shipping Ports Limited Tuesday announced its subsidiary has acquired a 40-percent stake in Italy's Vado Holding B.V. from Maersk Group's APM Terminal for 53 million euros (58.3 million U.S. dollars). Vado Holding operates ...
Tags: COSCO, Overseas Shipping
Coles and Woolies are locked in a battle for share of the customers wallets and throats that becomes more complicated every day. The competitive landscape has changed. The old model of them against each other and independent wholesaler ...
Tags: Coles, Woolies, Retail Gorillas
New rules to facilitate entry of bulk carriers at the nation's ports China is likely to import more iron ore from Companhia Vale do Rio Doce, the Brazilian mining giant, to bolster its raw material reserves, after the Ministry of ...
Brazil iron ore producer Vale, which has not been allowed to dock its ships at Chinese ports, could soon get permission to unload. According to media reports, the Chinese shipping industry, led mainly by Cosco, worked hard to keep out the ...
Tags: Iron Ore, Chinese Ports
The first Silk Road Int'l Truck Contest & Logistics Innovation Contest was open in Lian Yungang port on August 14, and the contest is themed as "Cooperation for smooth transports and prosperous development". As the road show for China ...
The container shipping industry is stuck in a vicious cycle: although new ships may give carriers lower slot costs, the supply/demand dynamics are out of kilter and freight rates remain very volatile Drewry's 1Q14 Container Forecaster ...
Tags: Container Shipping, shipping, logistics, Service
With many Chinesecearning capability being squeezed by low technical content, appreciation of the renminbi and blind expansion, Chinese shipbuilders are looking to stay afloat by building more maritime engineering products. A recovery is ...
Tags: oil, shipbuilder
China's hunger for natural gas has pushed its shipbuilding and energy industries to build more liquefied natural gas carriers and import terminals, to give the nation an edge over other countries. "China will need more than 35 LNG ...
Tags: Energy Industries, LNG
Reference is made to the announcement on 7 November 2013 regarding the Letter of Intent entered into with COSCO (Qidong) Offshore Co., Ltd. for the engineering, procurement and construction of two semi-submersible accommodation vessels, ...
Tags: Metallurgy, Mineral, Energy
Petrobras started up production on platform P-63, connected to well PPT-12, in the Papa Terra field, located in the southern Campos Basin. The FPSO (Floating Production Storage and Offloading) platform is anchored at a water depth of ...
Sevan Marine ASA (the "Company") is pleased to announce that a company within the Logitel Offshore group of companies ("Logitel") has entered into a 3 year charter contract (the "Contract") with Petrobras commencing end 2014 for the ...
Tags: Sevan Marine, ASA, Logitel, award
Petrobras announces that it started yesterday, November 11th, production at Papa Terra field, located at the south of Campos Basin, with platform P-63, which is connected to well PPT-12. The FPSO (Floating Production Storage and ...
Prosafe has agreed a Letter of Intent (LoI) with COSCO (Qidong) Offshore Co. Ltd. for the Engineering, Procurement and Construction of two semi-submersible accommodation vessels, with options for four further units. The vessels will be ...
Tags: Accommodation Vessels, Mineral
100th offshore ship design from ULSTEIN Friday ULSTEIN's latest design contract for Vroon Offshore Services pushes the total number of offshore ship designs sold past the 100 mark. This milestone has been achieved in 14 years, with 74 of ...
Tags: ship, Transportation