Mumbai:A hundred of the 250 odd containers that had drifted from the vessel MSC Chitra, which was involved in a collision off Mumbai 11 days ago, have gone missing. Two of these containers are carrying hazardous chemical substances. The Navy is conducting a survey of the sea using sonar equipment to try and trace the containers with the help of a salvage te...
KUEHNE + NAGEL has built up an acquisition kitty of CHF400 million (US$380million) to expand its overland network in southern Europe. "We have repeatedly said that, apart from organic growth, we will also consider suitable acquisitions in this business unit (overland)," the company said. "For quite a while we have been looking at possible acquisitio...
Almaty: Kazakhstan aims to handle half of the Caspian Sea's commodity cargoes by 2013 after expanding its fleet of oil tankers with the help of private investors, the country's transport minister said. The larger fleet will allow Central Asia's top oil producer to ship 57 percent more crude via the Caspian port of Aktau by 2014, in preparation for the la...
Beijing: Secutimes.com reported this morning citing the Ministry of Industry and Information Technology as saying that China recorded a 87.4%YoY surge in completed shipbuilding volume to 35.2 million deadweight tons in the first seven months of 2010. New orders received by domestic shipbuilders in the first seven months totaled 33.32 million DWT, 4.2 ti...
Bangkok: Strong trade growth failed to lift Regional Container Lines (RCL) out of the red in the second quarter. The Bangkok-headquartered line reported a second quarter loss of THB193m, a 33% improvement on the THB289m loss in the same period in 2009. Total volumes carried by RCL in the second quarter were up 10% at 640,685 teu. Higher fuel costs from the ...
Dalian: Chinese state-owned oil giant PetroChina and Dalian Port have started operations of a new ULCC berth at Xingang harbour able to acommodate 450,000 dwt ships. Dalian Port jointly invested 5bn yuan ($735mn) on the facility, which has an annual throughput capacity of 19mn t/yr (380,000 b/d). Dalian’s Xingang is a key area of China’s...
Singapore: ASL Marine has bagged S$55m in contracts for tug and barge newbuildings. The Singapore shipyard group is to build two Azimuth stern drive tugs, pipe-lay barge and 27 barges for undisclosed clients. The tugs are due for delivery in the first quarter of 2012 and the barges will be delivered progressively from the first quarter of next year. (Sour...
Bangkok: The cabinet on Monday approved the Defence Ministry's proposal for the navy to send vessels to help fight Somali pirates in the Gulf of Aden, deputy government spokesman Supachai Jaisamut said. He said vessels carrying 371 personnel will leave for Somalia early in September for a 98-day joint operation. He did not say what kind of ships ...
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