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The European Investment Bank has approved financing of up to £300 million (approximately US$500 million) for a port development project at London Gateway in the UK. The London Gateway site is situated on the northern bank of the River Thames, some 25 miles east of central London, and the project aims to improve the intermodal efficiency of the UK na...
Leading Danish shipping group A.P. Moller Maersk is reported to have hired soldiers and a warship from Tanzania to protect it crew from the threat of Somalian pirates when sailing off the coast of Africa. According to the Copenhagen Post Online (CPO), Maersk hired the warship through former special forces soldiers working for firm Guardian GBS security in D...
The government has tasked a technical committee to start work on establishing an official ship-breaking zone along Bangladesh's coast, following the prime minister's recent call for long overdue regulation of the hazardous industry. The government will not allot any more land for ship-breaking yards until the new zone is set up, state minister for envir...
WITH the Vallarpadam Trans-shipment Container Terminal scheduled to be in use by April 2010, several private players and government agencies plan to establish warehousing facilities in and around the Indian port city of Kochi amid expectations it will become an international maritime hub. Leading the pack is a joint venture initiative by two public sector...
REDUCING losses in the global economic downturn has been Job One for Japanese shipping giant MOL, but company president Akimitsu Ashida told employees in his New Year's address that they must also be ready to put on speed in the coming upturn. "In the world economy outside of Japan, the US and Europe are heading towards recovery, and the continued strong...
COSCO Container Lines has announced it will charge a Currency Adjustment Factor (CAF) and a Bunker Adjustment Factor both from February 1. The CAF will be 15.24 per cent of ocean freight from February 1 for both east and westbound shipments in Far East including Japan and the Indian subcontinent to north west Europe and Lebanon, Syria, Black Sea ports as ...
Government of India has decided not to extend the special exemption to single hull tankers that are registered under Indian flag after December 31, 2009. The decision was taken in view to prevent old and unsafe single-hull tankers from sailing in Indian waters. This will also prevent import of single-hull tankers available in the international markets at sc...
The government plans to set up a shipyard to produce large-sized vessels under public-private partnership with an investment of Rs3,000-4,000 crore, in lieu of the Hindustan Shipyard going to the Defence ministry. "The government will set up another shipyard, most likely on the east coast (of the country) under the the PPP mode to make VLCC and other large ...
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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