Port News

Border guards seize poaching vessels in Russia's Far EastJul 17, 2009

Russian Far East border guards have detained two Cambodian-registered vessels with Russian crews illegally carrying several tons of crab and fish, the local border guard service said on Thursday according to RIA Novosti. The two boats were carrying over 65 metric tons of freshly caught crab and over nine tons of frozen fish. According to cargo ...

Panama Canal locks contract awardedJul 17, 2009

The Panama Canal Authority (ACP) has announced that Consortium Grupo Unidos por el Canal will design and build the waterway’s new set of locks, a key part of the Panama Canal Expansion project. “We strongly believe that today’s awarding of the contract is the successful culmination of months of rigorous planning and stringent evaluation o...

Vopak to develop new French LNG terminalJul 17, 2009

Storage specialists Royal Vopak has entered into a joint venture with Shell to develop an LNG terminal at Fos-sur-Mer in France . Vopak LNG Holding B.V. will become the main shareholder with a 90% share in the joint venture Fos Faster LNG Terminal S.A.S., while Société des Pétroles Shell ...

Ventspils nafta earned LVL 29.7 mln profit in 2008Jul 17, 2009

Consolidated net profit of the joint stock company Ventspils nafta Group (VN) reached LVL 29.7 million in 2008; the group posted LVL 63.1 million consolidated net turnover, as LETA was informed by the company's spokeswoman, Gundega Varpa.   Profit for VN Group's parent company in 2008 was over LVL 40 million, according to audit...

Konstantin Palnikov – new Managing Director of North Western Shipping ...Jul 17, 2009

Konstantin Palnikov has been appointed new Managing Director of North Western Shipping Company, the NWSC managing company Transport Asset Management LLC reports.   Konstantin Palnikov was born in 1966 in Perm region. Graduated from Admiral Makarov StateMaritimeAcademy in 1988 as marine engineer. In 1988-1990 - marine engineer in Latv...

India's first nuclear-powered submarine to be launched July 26Jul 17, 2009

India 's first domestically built nuclear-powered ballistic missile submarine will be launched on July 26, India Today reported on Thursday according to RIA Novosti. It said that after spending over a decade cloaked under an obscure codename, the Advanced Technology Vessel (ATV), the Indian vessel finally got a name: Arihant (destroyer of enemi...

Hanjin joins APL in south Asia/Mideast-US east coast Suez loopJul 17, 2009

HANJIN Shipping has announced it is joining APL in its all-water Suez service between south Asia, the Middle East to the US east coast starting July 28.  Named the AWZ (All Water Suez) service, it is operated by APL, but now Hanjin will be chartering slots to provide customers with easier access to Sri Lanka , south India , Bangladesh and...

EBRD approves $500 mln loan for Russian RailwaysJul 16, 2009

The European Bank for Reconstruction and Development (EBRD) has approved a $500 million long-term loan to Russian Railways (RZD), the top European lender said on Wednesday according to RIA Novosti. "This would allow the state-owned railway to restructure its balance sheet and support the completion of reforms of the world's second largest rail syste...

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