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Sharjah-based terminal and logistics company Gulftainer has announced that throughputs at its UAE facilities – Khorfakkan Container Terminal (KCT) and Sharjah Container Terminal (SCT) – increased by nearly 10% to 2.7m teu in 2009. Despite it being a difficult year expansion at KCT continued during 2009, with the port taking delivery of six new...
The Korean Register of Shipping (KR) – an IACS member classification society – has been authorized by the Ministry of Environment of the Republic of Korea as a verification body for its pilot greenhouse gas emissions trading scheme. The scheme was launched on 1 January 2010 to provide a base for the country’s voluntary 2020 emissions reduc...
ABG Shipyard, that had sold almost all of its stake in Great Offshore, has again acquired 15.2 per cent stake in the company through its open offer. It had made an open offer for 33 per cent stake in Great Offshore at Rs 520 a share and has shelled out Rs 280 crore for the 15.2 per cent stake. Though analysts state that it may either sell this stake to Bh...
THE United States aims to expand its containers pre-screening arrangements in a bid to speed up the clearance of Pakistani export shipments at US ports, according to US Ambassador to Pakistan Anne Patterson. Such a programme would boost the volume of export containers handled from 46,000 containers a year in 2009 to 146,000 boxes this year, she said in a ...
SHANGHAI International Shipping Institute has introduced the first index indicating the prosperity level of the shipping industry, Xinhua reported. There are four indexes: China Shipping Prosperity Index (CSPI), China Shipping Confidence Index (CSFI), China Shipping Prosperity Alertness Index (CSAI) and China Shipping Composite Index (CSCI). The institu...
THE world's 20 leading container shipping lines have seen their active capacity decrease by 2.4 per cent over the last 12 months, mainly due to an increase in the idle fleet size. On the other hand, their total operated fleet has risen by 1.6 per cent since 2009 based on the carrier capacity rankings published by Alphaliner on January 1, 2010. The comb...
The Korean Register of Shipping (KR) – an IACS member classification society – has been authorized by the Ministry of Environment of the Republic of Korea as a verification body for its pilot greenhouse gas emissions trading scheme. The scheme was launched on 1 January 2010 to provide a base for the country’s voluntary 2020 emissions reduc...
Chevron Australia has entered into a 'heads of agreement' contract with the Japanese Nippon Oil Company to take 300,000 tonnes of natural gas per year from its Gorgon project. The Gorgon Gas Project is under construction on Barrow Island off the north west coast of Western Australia. The contract is for the first 15 years of Gorgon which at $40 billio...
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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