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China's State Council has decided to increase the nation's oil refining capacity by around 18% from 2008 levels by 2011, according to reports. This would represent an annual throughput of 405 million tonnes of crude by 2011, or 8.2 million barrels per day (bpd), up from 342 million tonnes in 2008. That target would be achieved by the construction of...
On May 19, Novorossiysk Commercial Sea Port JSC acquired a 50-pct share of the authorized capital of Novorossiysk Heavy Fuel Terminal LLC, the company states according to M&A. Earlier Novorossiysk Commercial Sea Port did not own any share in the terminal. No other details of the transaction have been disclosed. Major operations of Novorossiysk Com...
THE EU is set to extend its anti-piracy operations off Somalia to extend out into the Indian Ocean as far as the Seychelles and is also likely to keep its forces in the area into next year at least. A meeting of EU defence ministers on Monday reached an agrement in principle on the issue andFrench junior Defence Minister Jean-Marie Bockel was quoted as sa...
THE departure of Grand Alliance member MISC from the consortium's Europe-Asia trade routes it shared Hapag-Lloyd, OOCL and NYK, will not affect sailing frequencies, transit times or service structures, the group said. Nothing will change for our customers. They will continue to receive the customarily reliable service of the Grand Alliance partner lines ...
DHL has announced inauguration of its new less-than-container-load (LCL) service in south China city Shenzhen, Logistics Week reported. Launch of the service allows cargo in the Greater China region and northern Asian countries like Japan and Korean to receive cargo directly from Shenzhen and Europe and North America without having to detour through Hong ...
EASTERN China city Ningbo has signed a number of agreements with south western city Sichuan, including starting sea-rail intermodal service between the two this year, Logistics Week reported. The agreements were signed in a bid to fully exploit the strengths of port and railway infrastructures in the two places to create mutual benefit by offering ...
Estonian ports loaded and unloaded 12.57 million tons of freight in the first four months of the year 2009, just 0.6% less than during the same period a year earlier, informed BNS. The main reason for the decline was a year-on-year drop of close to 5% in loading where throughput reached 9.8 million tons. Unloading at the same time surged 17% to 2.76 mil...
ON the eve of the European Maritime Day -20 May - and against the background of the forthcoming European elections, the European Sea Ports Organisation (ESPO) has urged the EU not to give in to protectionist reflexes in times of economic slowdown. “On the contrary,” an ESPO statement says, “European policy-makers should strengthen Europe...
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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