Reflecting recent increase in the price of oil at Hong Kong and South Korea, the member lines of AADA wish to advise that in accordance with the established review procedures, the Bunker Surcharge level for shipments from China and Hong Kong to ports in Australia is to be adjusted to US$425 per TEU and US$850 per FEU for dry and refrigerated containers with...
Korea's Hyundai Steel plans to start selling heavy steel plate for shipbuilding in the second quarter of 2010 after it receives certification by classification societies Korean Register, ClassNK and Germanischer Lloyd. According to the company, its heavy plate production next year may reach 1.05 million tonnes with 600,000 to 700,000 tonnes des...
The crew of a Chinese ship hijacked by Somali pirates in mid-October was safely rescued, the Chinese foreign ministry said on Monday, making no mention of a reported ransom payment. The De Xin Hai, owned by a unit of China Ocean Shipping or COSCO, was carrying coal and 25 Chinese crew from South Africa to India when seized by pirates east of the Horn of Af...
Annual turnover of petroleum products JSC "Petersburg Oil Terminal (PNT, St. Petersburg) have reached 12 million tons, a record turnover figure for the terminal, the company press service reports. This is the first time the POT’s throughput exceeds 12 million tons, more than 200 thousand tons of recent year’s period. Transshipment of dark oil (f...
After only two years of operation, Contecon Guayaquil S.A. (CGSA), manager and operator of Guayaquil Container and Multipurpose Terminals, has been among Ecuador’s top companies. CGSA recently was ranked 116th in the top 500 performing companies according to a recent survey by Ecuadorian-based magazine Vistazo. Vistazo, the most prominent magazine i...
The US Environmental Protection Agency (EPA) has announced plans to regulate carbon emissions from US-flagged ships in 2011 under a rule-change adopted before Christmas by the agency, reports The Miami Herald. The new Clean Air Act standards, which will tighten the restrictions on nitrogen oxide emissions, also provide for reductions in carbon emissions f...
A new large sea lock to facilitate access to the Amsterdam port area is a step closer now that the central government, province and municipality have reached agreement on its financing. The new lock is expected to be operational in 2016. In November Minister Eurlings, port alderman Freek Ossel and representative Elisabeth Post of North Holland province si...
Dalian Port Company Limited has announced that all resolutions for its Board’s proposed A Share Issue and acquisition of certain port operations and assets from Dalian Port Corporation Limited have been approved by shareholders. The resolutions were passed by over 96 per cent of the shareholders by way of a poll in an extraordinary generally meeting...
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