Hints and tips:
...“Berbera is going to regain its [role] as a hub and an important port in a very important maritime transportation route.”...
...They could do increased credit research along their supplier pipeline, but in many cases the ocean freight portion has limited suppliers and certainly limited financial information—Hanjin is a public company...
...But “given the global oversupply of ships, Hanjin’s failure would not have a big impact on global container transportation”, he added....
...China Ocean Shipping, or Cosco, said on Friday it would merge its operations with China Shipping and then split them into four entities, containing the assets of each for containers, oil and gas transportation...
...Before veering off into the Southern Ocean, this year’s Volvo Ocean Race traced the route of the fabled maritime Silk Road, which the Chinese government is hoping to bring back to life with a $250bn-and-growing...
...The company was bought last week by CSR Times Electric, wholly owned by rail transportation equipment company China South Rail....
...“We’re getting worse, slower and more expensive,” says Dan Smith, of Tioga Group, a transportation consultancy....
...In 2007, the Shanghai Maritime Court ruled Mitsui should pay Y2.9bn to the Chen brothers....
...The boat builder, one of the last stalwarts of Britain’s maritime industry, has had a boom in sales from new millionaires in China, Russia and Brazil....
...“There still is no other place in the world where you could be in another ocean in just a matter of hours,” Mr Alemán says....
...The company is due to pay $46,000 a day until at least January 2014 for one of its vessels, the Golden Feng, a large dry bulk carrier chartered from Golden Ocean, part of the Fredriksen group of shipping...
Drugs and machines mix, but the results are far from disastrous
...its vessels – the Ocean Minerva – a year early....
...from Pier I at Ponta da Madeira Maritime terminal and towed to an anchorage area, defined by the Brazilian Navy and other competent authorities....
...Grand China, which says it is privately controlled, is one of the country’s fastest growing shipping companies and likely to emerge as a significant force in global maritime trade over the next decade....
...Grand China’s explanation came as Hong Kong-based Jinhui Shipping and Transportation became the latest shipowner to acknowledge publicly that Grand China owes it money....
...For the moment, Elliott Etheredge, head of Marine Transportation Investment Banking at New York-based Dahlman Rose & Co, says that “pretty much everybody” is in violation of some covenant in their loan agreement...
...Jinhui Shipping and Transportation, one of Asia’s biggest listed dry bulk shipping companies, has become the latest company to warn China’s Cosco of dire consequences if it reneges on contracts, after threatening...
...Delhi has bought C-17 military transporters to improve the forces’ airlift capacity, as well as Poseidon maritime surveillance aircraft....
GLG is banking on new technology ‘food chains’
...While DBS’s economists already expected a V-shape recovery based on Asia’s resilience, Mr Santoso also had to take into account a wide array of factors – such as the “supply side impact of La Niña [an ocean-atmosphere...
...“We are very pleased with the co-operation we have with the NSE,” he said. “I would like to see that broadening, see how we could work better with those products.”...
...The list reads like a Who’s Who of the emerging markets business kaleidoscope: Atul Punj, founder of Punj Lloyd, a $3.5bn Indian engineering company; V-Nee Yeh, co-founder of Value Partners, a leading Hong...
...Standout rallies were seen in Korea’s STX Pan Ocean which was up 4.9 per cent and Hyundai Heavy, up 3.2 per cent, meanwhile in Japan, Nippon Yusen and Kawasaki Kisen were both up 2.8 per cent....
...Michael Howlett, assistant director of the London-based International Maritime Bureau, said seven of the 13 vessels hijacked this year had been taken in the Indian Ocean, rather than in the Gulf of Aden...
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