Media
Media
Dalian: China Petroleum and Chemical Corp, which is Asia's largest oil refiner and is also known as Sinopec, began to construct a commercial crude oil reserve base in Binhai New Area in the port city of Tianjin this week. The base will cover 68.4 hectares and have a storage capacity of 3.2m cubic meters. Sinopec will invest RMB 3bn in the base and plans ...
NIGERIAN officials, operators and proponents of the Cargo Tracking Note (CTN) system, were reportedly shocked to discover that a "toxic" container filled of electronic garbage and old batteries, came into port with the security system's blessing, reported Lagos Vanguard. The much-touted CTN system was supposed to provide authorities with advanced notice ...
THE month of May recorded the lowest idle ratio recorded since January 2009 at 5.3 per cent of the total cellular fleet laid-up with 192,000-TEU recalled to resume suspended services or deployed on new loops. The Paris-based Alphaliner newsletter posted a total of 715,000 TEU laid up compared to 907,000 TEU laid up two weeks before May 10. This compared t...
EVERGREEN Line will launch a transpacific service, the CPS2, that will link ports of Qingdao, Shanghai and Ningbo to Oakland and Los Angeles. The CPS2 is intended to complement the CPS service, which is ensured through slots on the CSCL's AAC service, an Alphaliner report said. The new service will deploy five 4,200-TEU vessels, but initially only thre...
As of May 10th, Baltic Dry Freight Index gained 98 points to settle at 3707 points, the Exchange trading data said. The 2009 Index maximum, at 4661pts was posted on November 19th. In May, 2008 BDI gained its highest level ever, to over 11,700 points, beginning its slump in mid-July the same year. In Dec.5, 2008 it settled at 663 pts, a minimum Baltic Dry ...
The border FSB of Russia on Khabarovsk Krai and Jewish Autonomous Region detained 26 tons of smuggled crab, transported on a Cambodia-flagged vessel, Interfax reports citing the agency. The vessel was found in the water area of Amur estuary and the Tatar Strait by helicopter of FSB aviation. Inspection grout found 26 tons of crab on fishing-out of which Shi...
ABG Shipyard has sold 0.8 million shares or 2.15 per cent of equity in Great Offshore for Rs 369.4 million, Great Offshore said in a statement on the BSE on Tuesday. ABG's stake in Great Offshore has come down to 7.35 per cent from 9.50 per cent following the transaction, it added. Source: http://economictimes.indiatimes.com
Hong Kong’s TS Lines has announced a new China-Australia Express CAX service that will deploy five 21-knot, 2,700-TEU ships that will complete the run from Shanghai to Sydney in 14 days, Exim News Service informs. The company also announced it is considering starting a Taiwan-flagged shipping line and is now recruiting "ambitious and hardworking ind...
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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