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The Polish oil concern PKN Orlen – the owner of the Lithuanian refinery Mazeikiu Nafta – issued short-term bonds to its subsidiary Anwil in order to improve the management of financial liquidity within the PKN Orlen Capital Group, the Polish company officially reported. The bonds are used for managing the working capital of PKN Orlen Capital Group...
Only four orders have been placed at Norwegian yards in 2009, and the order intake is still low, according to the yard association Norske Skipsverft. However, the total value of the industry’s order book is NOK 55 billion (EUR 6.3 billion). It’s due to the golden years in the offshore industry. Around 80 per cent of all orders placed at the Norwe...
India’s premier container- handling port, Jawaharlal Nehru Port, is working on an integrated security mechanism as a part of its drive to enhance security in the country, the Press Trust of India reported. "We are working on an integrated security mechanism. As a part of this approach, we plan to install one scanner for cargo-scanning as well as ...
The depth of the recession in the North was reflected today in a substantial drop in cargo passing through the Port of Belfast. Figures released by the port yesterday showed cargo down 5.5% to 16.5 million tonnes. Trades associated with the construction industry were particularly badly hit - there was a plunge in timber imports of 38% and steel imports fe...
National Retail Systems, Inc. (NRS), a provider of global logistics services to America's retailers, has deployed 115 Clean Air pier trucks to comply with the Clean Truck Program requirements scheduled to take effect tomorrow at the Ports of Los Angeles and Long Beach. Under Clean Truck Program provisions, the Port of Los Angeles and the Port of L...
The Flemish Government and in particular the VTS (Vessel Traffic Service) is carrying out investment projects in the four Flemish seaports, aimed at achieving perfect compatibility and exchangeability between the government’s own facilities and the equipment used within the port areas. Six radar stations have already been built within the Antwerp port...
Work on the project likely to begin by September. The Visakhapatnam port will construct 5-6 new berths over the next two to three years at an investment of over Rs 1,000 crore, said Ajay Kallam, chairman, Visakhapatnam Port Trust. The port currently has 26 berths both in the outer and inner harbours. “Most of the work would start before September 200...
Cargo turnover at ports in Latvia amounted to 5.577 million tons in January 2009, which is 0.9% drop, compared with the results of January 2008, according to the Transport Ministry's data. The only port in Latvia, which registered increase in cargo turnover, was the Freeport of Riga. There were 2.6 million tons of cargo handled at the capital city...
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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