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The Panama Canal Authority will announce today which of three groups, including one led by Bechtel Group Inc., is the frontrunner for a $3.4 billion contract to help double the waterway’s capacity. Bechtel is partnered with Mitsubishi Corp. and Wuchang Shipbuilding. Sacyr Vallehermoso SA of Spain has joined with Italy ’s Impregilo SpA. S...
The Albert Ballin group and TUI have agreed to prop up Germany 's Hapag-Lloyd via capital and financing steps for the hard-hit container shipping company, the two owners said on Wednesday. The two shareholders welcomed initiatives launched by Hapag-Lloyd to secure its future and agreed on a further course of action for the company. A source close to ...
The launching of a chemical tanker, project 00216, developed by OJSC DO «Vympel», took place 4 June at «Oka Shipyard», Navashino. After outfitting and tests, the ship will be operated by Malaysian Company АЕТ. OJSC DO «Vympel» designs tankers of different types and cargo-carrying capacities in complian...
In London , the Brent Crude contract was down $2.80 on July 8 to $60.43 per barrel on the ICE Futures exchange. Light Sweet Crude fell $2.51 to $60.42 on the New York Mercantile Exchange, RBC reports. Source: Port News
France 's GDF Suez liquefied natural gas (LNG) terminal in southern France will start operating at the end of 2009, two and a half years after the scheduled start date, the regulator CRE said on Wednesday. "It is delayed to the end of the second half of 2009," a CRE official, who declined to be named, told Reuters. GDF Suez said a cargo used to c...
A Norwegian court ruled that subsidiary of Alexela Logistics needs to be paid 160 million kroons by the former owner of a fuel terminal in Norway that was acquired by Alexela, writes the National Broadcasting/LETA. Member of the management board of Alexela Logistics Heiti Hääl said that the court ruling noted tha...
In the first six months of the year 2009, 14.8 million tons of cargo were handled at the Freeport of Riga, as the port's strategic planning and project management department informed LETA. The largest turnover increase was observed in liquid cargo handled at the port, which increased by 30.4% in the first six months of the year and reac...
Pirates hijacked a Turkish ship Wednesday in the Gulf of Aden , which is unusual for this time of year, a Kenyan maritime official said. Andrew Mwangura, coordinator of the East African Seafarers' Assistance Program, said the vessel was Horizon-1. "It was taken in the Gulf of Aden this morning with 23 Turkish crew," he said. "In this season, it is ha...
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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