Media
Media
Private port developer and operator Gujarat Pipavav Port Ltd (GPPL) plans to raise nearly Rs 500 crore through an initial public offer (IPO) and has filed draft papers with capital market regulator SEBI. The company is also considering a pre-IPO placement with various investors, according to the Draft Red Herring Prospectus (DRHP) filed with the Securitie...
STATE-OWNED Shipping Corporation of India (SCI) plans to buy three new containerships for US$200 million - $225 million in 2010 on the back of a recent increase in trade volumes, reports the Press Trust of India. "SCI plans to purchase three new container vessels, along with its existing JV partner Mediterranean Shipping Company (MSC). These will be execu...
MITSUI OSK Lines (MOL) says it has developed a carbon dioxide reducing and efficiency boosting fuel additive for merchant ships, in conjunction with Japanese fuel additive manufacturer Taihokohzai. MOL said in a company statement that it will use the new additive, called Taicrush HD, on its operated vessels to reduce the environmental impact of its operat...
EAST China's Jiangyin port in Jiangsu province has posted more than a 100 million tonne throughput year to date, a year ahead of schedule to become the province's fifth mega port, reports Xinhua. The port expects to surpass the 105 million tonne mark with a 20.1 per cent year on year increase. The port has been growing at an annual rate of 1.5 million t...
THE Port Klang Authority (PKA), the regulator of Northport and Westports, has reduced storage stays from five to three days for full container loads (FCL) with immediate effect, reports Bernama, the Malaysian news agency. PKA went ahead with the new regulation over industry objections since August 2007 amending free storage time allocation, re-basing it o...
The Port of Tanjung Pelepas (PTP; pictured) has announced the retirement of its chief executive officer (CEO) Captain Ismail Hashim with effect from Thursday after more than 10 years of service, writes Bernama. Hashim has been CEO since 2008 and led the port towards new levels of growth, PTP said in a statement, adding that with effect from Jan 1, 201...
India’s government may miss a target to add capacity at its 12 major ports as the economy grew less than anticipated and global trade slumped amid a recession, writes Bloomberg quoting the shipping secretary. The government-controlled ports will have a capacity to handle 743m tons of cargo by March 31, 2012, compared with a target of 1.02bn tons, K....
Kawasaki Kisen Kaisha, Ltd. ("K" Line) decided at a board meeting to assign Hiroyuki Maekawa, the company’s present President and CEO, to Chairman of the Board and Kenichi Kuroya (pictured), Managing Director of “K” Line Pte Ltd, to the company’s President and CEO as of April 1, 2010. Mr. Kuroya will become a Vice President...
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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