Tag Archive: Olimpia

CSDC Orders Four Tankers from Guangzhou

first_imgHong Kong-listed China Shipping Development Company Limited has entered into a deal with Guangzhou Shipyard for construction of four tankers, worth a total of  USD 199.9 million.The four crude /product oil carriers boast 114,000 dead weight tons each and are expected to start delivery by 31 March 2017 and conclude the delivery by the end of December 2017.The order has been placed through CSDC’s shipping arm CS Development Singapore, which is principally engaged in international oil and bulk cargo transportation and the management of the company’s assets in Singapore.The construction of the tankers will be funded by the group as to approximately 70% of the price by bank borrowings and approximately 30% of the price by internal financial resources, CSDC said in a stock exchange filling.World Maritime News Stafflast_img read more

Berlin to tighten rules for electric scooter users

Berlin plans to stop electric scooters from being left haphazardly on sidewalks and other anti-social behaviour that’s drawn the ire of residents in the German capital since the vehicles were made legal two months ago.City transport officials said Wednesday after a meeting with scooter providers that they’ll designate special on-street parking zones for the battery-powered vehicles, which are popular among tourists and young people.Berlin police will also step up patrols to prevent illegal behaviour such as doubling.Police say seven people have been seriously injured and 27 suffered minor injuries in scooter accidents since mid-June, saying most were due to riders behaving carelessly.In Paris, where about 20,000 scooters roam the streets , authorities recently proposed limiting speeds to 8 kilometres per hour (5 mph) in areas with heavy foot traffic.The Associated Press read more