Good day Mariners

Hyundai heavy Industries top the race

by ash on Jun.23, 2010, under Business & Industry

Hyundai Heavy Industries has signed the largest number of shipbuilding orders this year of all South Korean listed companies, according the Korea Exchange.

The company racked up KRW4.8231 trillion (US$3.9 billion) worth of new orders up to June 16.

courtesy : baird maritime

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Malaysian submarine at Kochi port

by ash on Jun.19, 2010, under Business & Industry

The Royal Malaysian Navy’s Scorpene submarine KD Tun Razak, which is on its maiden journey home from Toulon in France accompanied by corvette KD Lekiu call at the port here for a four-day visit on Friday.

Malaysia’s Defence Attache in New Delhi Colonel Yusri bin Haji Anwar will be in Kochi in connection with the port call of Tun Razak.

Colonel Anwar, along with Tun Razak’s Commanding Officer Commander Mohamad Azuwan bin Haroun and Lekiu’s Commanding Officer Commander Baharudin bin Wan Mohamad Nor will call on Rear Admiral S.S. Jamwal, Chief of Staff of the Southern Naval Command, on Friday.

a game of football has been organised between the Indian and the Malaysian Navies

Courtesy : Hindu

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US’s busiest seaport complex firing up

by ash on Jun.18, 2010, under Business & Industry

The US’s busiest seaport complex, the ports of Los Angeles and Long Beach, recorded the second-best May ever, indicating that the economy is finally firing up.

The Los Angeles Times reported that imports increased 12.5 percent in May compared to last year, while exports picked up 5.3 percent in th Port of Los Angeles. For the year through to May, 2.9 million containers have passed through the ports.

At Long Beach, overall traffic was equally good, up 18.5 percent.

More than 40 percent of the US’ imports come through the two ports making them good indicators of national economic health.

COURTESY: BAIRD MARITIME

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