Hyundai Heavy Wins $1.36b Container Ship Order

Monday, February 11, 2008
Heavy Industries Co, has secured an order worth $1.36b from an unnamed European shipowner to build eight container ships. The company said in a regulatory filing that it plans to deliver the vessels by April 2012. The contract value is equivalent to 10.2 percent of total revenue it earned in 2006. Source: Reuters
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Historic Pacific Trade Deal Faces Skeptics in US Congress

Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world's economy in a deal that faces skepticism from U.

Baltic Index Slips as Demand Falls

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday as demand dropped across all vessel categories.

UASC Expanding its Reefer Business

United Arab Shipping Company (UASC) has confirmedĀ  that its reefer business will continue to expand. Following several initiatives including investment in new reefer units,

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