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In London, the Brent Crude contract was down by $1.66 on October 26, 2009 to $77.26 per barrel on the ICE Futures exchange. Light Sweet Crude fell by $1.82 to $78.68on the New York Mercantile Exchange, RBC reports. Source: Port News
Transatlantic AB, the leading Swedish breakbulk and roll-on, roll-off shipping line, said it breached loan covenants after lower cargo volume and weak freight rates pushed it into the red in the third quarter. The carrier, which runs container services in the North Sea, break bulk operations in the Baltic and a ro-ro line between North Europe and the U.S....
India’s Port of Jawaharlal Nehru cancelled a global tender to develop its planned 330-meter container berth extension project, originally estimated to cost $130 million. The decision was attributed by local shipping circles to a rather lukewarm response from potential bidders, amid slumping container volumes at Indian ports that saw throughput fall ...
October 26, 10.00 a.m. a motor-tow-vessel Synya owned by SC Pechora river shipping OJSC sank near Amderma port (the Kara Sea), informed GMSKC of Russian Mintrans with reference to information provided by Deputy General Director of SC Pechora river shipping OJSC A motor-vessel with three barges R-93 design was being towed by a motor-boat Chudotvorets. All ...
Over 90 vessels were decommissioned for metal scrap in the Far East within 9 months current year, stated Nikolai Sukhanov, Chairman of Far East regional organization of the Russian Mariner Union. ‘These are mainly vessels over 30 years old flying Cambodia, Mongolia flags of ‘convenience’ that now present a threat to the lives of mariners...
Fourth international congress on shipment, storage and transhipment of oil, liquefied gases and oil products ‘Oil terminal 2009’ will take place in St.-Petersburg on November 26-27. As PortNews IAA learnt from the event providers, over 45 reporters confirmed their participation including representatives of Giprotruboprovod OJSC, AC Transneft OJS...
In London, the Brent Crude contract was down by $0.59 on October 23, 2009 to $78.92 per barrel on the ICE Futures exchange. Light Sweet Crude fell by $0.69 to $80.50 on the New York Mercantile Exchange, RBC reports. Source: Port News
Trawler Satino took the ground off the Primorskii krai coast, to the south of Nizmennii Cape rescue tug Grif set off from the port of Vladivostok, informed Vesti. As per the preliminary data there was no damage made to the vessel’s hull, and no effects on the environment made. No victims recorded. An underwater examination will be carried out toda...
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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