Engineering procurement and construction company, Punj Lloyd, plans to bid for Singapore's Liquefied Natural Gas (LNG) terminal for which it has tied-up with an Italian company. We have tied-up with Italy's Saipem to bid for Singapore's LNG terminal, Punj Lloyd's Managing Director, Vimal Kaushik, said here. This LNG terminal in Sin...
Inpex Holdings Inc, Japan's biggest oil and gas explorer, said on Monday it has decided to build a liquefied natural gas (LNG) import terminal in northwestern Japan for about 100 billion yen (S$1.3 billion) to meet robust growth in LNG demand. Inpex had said in August 2007 it was considering building two 180,000-kilolitre LNG storage tanks at the port...
Lorry drivers at Pakistan's main port ended their week-long strike on Tuesday after the government promised to reduce highway taxes, although the state did not meet their principle demand of cutting fuel prices, lorry association representatives said. Goods traders estimated millions of dollars worth of perishable goods had been stranded by the strike...
A new record in single-day loading of iron ore pellets was set at Visakhapatnam Port on August 24. A total of 26,001 tonnes, with a gang-shift output of 2,167 tonnes of the pellets, was loaded on to the vessel m.v. Tai Hawk at West Quay-4. This surpassed the 16,772 tonnes, with a gang-shift output of 1,864 tonnes, loaded on to the vessel m.v. Annassa ...
The logistics industry is poised to grow by around 15-20 per cent annually, earning revenues of around $ 385 billion by 2015, according to a report ‘Logistics Industry—Real Estate’s New Powerhouse’ brought out by Cushman & Wakefield. The market share of organised logistics players is also expected to double to approximately 12 per cent in the same per...
Federal agents seized a half-dozen cargo containers at the Port of Los Angeles loaded with fake Nike shoes and designer handbags that could have reaped smugglers tens of millions of dollars on the street. U.S. Customs and Border Protection officers discovered the fake goods last week in six containers that were being imported from China and being ship...
A week-long strike in Karachi, Pakistan, by truck drivers protesting high diesel fuel prices and poor security from looters has ended, according to a customer bulletin from Seattle-based forwarder Expeditors International and local media outlets. The transport strike is estimated to have stranded about 5,000 import containers and 2,000 export contain...
Cosco Pacific will take a stake in Rotterdam port, Europe's biggest cargo hub, in the second half of the year, according to the South China Morning Post. Cosco Pacific and three shipping lines - K Line, Hanjin Shipping and Yang Ming - will invest 12.5 per cent each in the new Euromax terminal, located in Rotterdam's Maasvlakte area by the end of this ...
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