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Video Video Revenue rose to $66.1-million from $57.2-million. The increase in the loss was due primarily to the acquisition of the non-controlling interest in Seaway Marine Transport in April 2011, the company said in a release. The loss was
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China Transport Construction Group has completed work to expand Dalian's port capacity, making it possible for ships as big as Brazilian miner Vale's giant bulk carriers to access a key port in top iron ore importer, China. "(China Transport
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The industry may have rebounded of late, but the message from analysts is clear: treat the recovery with caution. At one level, shipping rates are behaving as the market might expect, reflecting the revival in global trade and China’s appetite for
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An oversupply of vessels may obstruct a recovery of the shipping industry, putting pressure on freight rates, Moody's Investors Service said in a report. Ships currently on order to be built make up about 60 percent of the existing fleet for dry bulk
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China Daily on the sidelines of the ongoing conference. "The first two months have already seen seven million tons of coal shipped," he said, "and we estimate that it will rise to 40 million tons for the whole year." As the second largest sea-cargo
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The Rs 2,646-crore firm is planning to target non-Essar group companies for business with a view to increasing the non-group revenue to 60 per cent from the current 40 per cent. Ashok said Essar Shipping was investing Rs 2,572 crore in expanding its
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