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South Korea plans to build a five million-barrel oil storage facility by the end of 2009, according to a senior official with the state-run Korea National Oil Corp (KNOC). Kwan-Seop Kim, executive vice president for petroleum stockpile and marketing, said in an interview with Dow Jones Newswires that the project would be a joint venture between KNOC, f...
24 August 2007 a new container train will depart from Saint-Petersburg to Pitkaranta (Karelia) and back. The train includes 33 platforms with 66 containers loaded with cellulose produced by Pitkaranta JSC. The cargo is to be exported to China. The scheme of the route is as follows: empty containers leave for Pitkaranta from the Warsaw terminal in ...
STENA Line has ordered two new ro-pax vessels valued at around SwKr2bn (US$290m) from Samsung Heavy Industries in South Korea. The vessels are intended for the Harwich to Rotterdam route and should enter service in 2011. and they are planned to operate the route. “We have invested about SwKr7bn in recent years in new and modernised vessels and we have...
JOHN Fredriksen-controlled gas carrier company Golar LNG made a Q2 net profit of US$89.6m compared to $53.3m in Q1. The company says: “This significant improvement is mainly attributable to the gain arising as a result of the sale of the Company's investment in Korea line, which resulted in a book gain of $73.5m. Operating income for the second quarter of $1...
Construction work has begun on a new container terminal at the Iranian port of Bandar Abbas. The new terminal will tripple the port's container handling capacity from 2 million twenty-foot equivalent units (TEUs) a year to 6 million TEUs. It will be the port's second container terminal and will form part of the Shahid Rajaie Container Terminal (SR...
The Danish cargo ship Danica White and its five crew members, hijacked by pirates off Somalia at the beginning of June, have been released. According to the Danish embassy in Nairobi, Kenya, the ship and its crew were freed at 1725 hours local time yesterday and the Danica White is now being escorted by French naval vessel Blaison, with a Danish naval ...
Lushun New Port in Dalian, China is to add nine berths as part of a $355 million expansion project. News reports Thursday said that a construction contract had been signed between the local authorities and sate-run First Harbour Engineer, a subsidiary of China Communications Construction. First Harbour's stake in the expansion project currently st...
Nord Stream Company decided to change the route of the projected gas pipeline from Russia to Germany on the Baltic Sea bed. The new gas pipeline will be laid to the south from the Bornholm island, which will lengthen it by 8 km. The decision to change the route was made due to the ecological studies, which showed that the pipeline transfer will r...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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