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Gulf Energy Maritime (GEM), the Middle East's largest independent commercial product tanker operator, has taken delivery of the first out of six new vessels scheduled for delivery this year from Korea's Hyundai Mipo Dockyard (HMD), one of the world’s largest ship builders. Named Gulf Muttrah, the IMO II-N2 type 46,000 dwt vessel is the 12th in GEM...
The Baltic Exchange will begin publishing the port costs used to calculate its daily time charter equivalent (TCE) assessments for the tanker market from 9 March. The service already provides average dollar pricing conversions for Very Large Crude Carriers (VLCCs), Suezmax and Aframax tankers derived from a range of Baltic Exchange routes expressed in Wor...
The Port Hedland Port Authority exported 12.2 million tonnes of iron ore in February, a 10.5 per cent decrease on the previous month. The latest total, reported on the authority’s website, compares with 13.63 million tonnes exported in January. The authority didn’t provide any further breakdown of the figures, which collate monthly iron ore sh...
Over 4 lakh empty containers have been piled up at Shenzhen’s Yantian terminal, and in Hong Kong, officials are looking to park hundreds of thousands more in the coming months. According to Exim News Service, the situation may be the same in Shanghai, other Chinese ports, Hong Kong and many ports around the world, a Hong Kong Shippers’ Council ...
Bulgaria's Transport Minsiter Petar Mutafchiev welcomed Tuesday the first railway cars from the Varna-Port Kazkav ferry line, Railwaymarket reported. Bulgaria and Georgia intend to establish a permanent ferry line between the ports of Varna and Poti, which is expected to start in May 2009. This was announced by Bulgaria's Minister of Transport, Petar M...
Authorities in northeast China city Qingdao have released logistics boosting development plan to shape its Qianwan port as a trunk transit port in northeast Asia by 2012, reports Xinhua. According to the plan, the city will focus on building three main complex logistics networks in Qianwan, Konggang and Jiaozhou Bay and will increase the proportion of Qi...
Eastern China city Chongqing has seen the throughput of its ports dropping due to the world economic crisis. In January, its Jiulongpo and Cuntan port area together handled 23,600 TEU, down 28.8 per cent over the same month a year ago and 15.4 per cent comparing to December. In this total, foreign trade cargoes amounted to 14,000 TEU, 30.6 per cent less y...
Tianjin Port (Group) Co has announced plans to invest 12.8 bn yuan ($1.87bn) this year to build new berths and upgrade facilities, Chinadaily quotes a top executive as saying. Tianjin Port plans to build a coal terminal jointly with the country's largest coal miner China Shenhua Group and a 200,000-ton-grade crude oil terminal, Yu Yumin, the port's cha...
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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