Shipping

: AVEVA Group plc (LSE: AVV), one of the world's leading providers of engineering design and information management solutions to the plant, power and marine industries, announced that Thai-based The Bangkok Dock Company (1957) Limited, and Indian-based

* Q2 net profit $100 mln vs market consensus $31 mln * Sees better outlook, significant improvement in Q3 profits * Shares down 1.4 pct; jump 27 pct so far this year SINGAPORE, Aug 6 , the world's fifth largest container shipping firm, reported its first

Varun Shipping Company reported a phenomenal rise in standalone net profit for the quarter ended June 2010. During the quarter, the profit of the company rose 12.74 times to Rs 235.49 million from Rs 18.49 million in the same quarter previous year. Net

Up to 10 people are feared dead in Indonesian waters after a collision between two cargo ships. The Trisal Pratama has sunk in the Makassar Strait after colliding with the Indimatam. Both vessels were carrying heavy cargoes of cement or scrap metal as

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LONDON (Reuters) - Pirates hijacked the St Vincent and Grenadines flagged MV Syria Star cargo vessel and its crew of 24 on Thursday, the European Union naval force said.

NEPTUNE Orient Lines (NOL), the world's fifth largest container shipping company, reported a better than expected second quarter profit on Friday as cargo volumes and freight rates recovered. The company said it sees a better business environment for the

Group revenue up 53%; shipping volume improves; Logistics revenue 45% higher SINGAPORE , 6 August 2010– Global container shipping and logistics group Neptune Orient Lines (NOL) today reported a net profit of US$100 million for the second quarter of

Canon has quietly begun shipping a special EOS 7D kit aimed at high volume shooters that includes support for barcode scanners and has the ability to embed barcode data directly into the picture's metadata. The camera also includes a menu and setting

HOUSTON -- Trelleborg Offshore has installed Elastopipe, a corrosion-free fire safety deluge system, on Maersk's FPSO Ngujima-Yin off Western Australia. Trelleborg's Elastopipe replaced carbon steel pipework on seven modules. The system was installed in

ChannelNewsasia.com - 1 hr 40 mins ago NOL returns to black with Q2 net profit... SINGAPORE: Container shipping and logistics group Neptune Orient Lines, NOL, has swung into the black in the second quarter, with a net profit of US$100 million. That's a

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Somali pirates seized a freighter with 24 Syrian and Egyptian crew members in the lawless waters of the Gulf of Aden, the EU's anti-piracy force said, reporting the second pirate capture this week. The Syria Star, flagged in Saint Vincent and Grenadines,

As the Chinese shipbuilding industry overtakes its Korean counterparts, the need for Chinese shipbuilders to have more tax-friendly financial packages at their disposal has been identified. China overtook South Korea to become the world's top

SINGAPORE: Container shipping and logistics group Neptune Orient Lines, NOL, has swung into the black in the second quarter, with a net profit of US$100 million. That's a turnaround from a net loss of US$146 million in the second quarter of 2009. Revenue

Matson Navigation Co. recently announced plans to expand service between China and the Port of Long Beach, Calif., by adding a second string of vessels. The new vessels will provide service from the ports of Hong Kong, Shenzen and Shanghai, China to Long

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BRUSSELS (AFP) - Somali pirates seized a freighter with 24 Syrian and Egyptian crew members in the lawless waters of the Gulf of Aden, the EU's anti-piracy force said, reporting the second pirate capture this week.

Congestion continues to be a problem at the Kenyan port of Mombasa with the country's revenue authority the latest in the line of fire for holding up the passage of goods through the port. The global economic downturn, which sent trade volumes falling,