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The Panama Canal Authority (ACP) has received four bids for the fourth dry excavation (PAC-4) contract under the waterway's expansion programme, according to the Shipping Gazette. The next step is for the ACP to thoroughly analyse the technical and financial submissions and award the contract in the coming weeks. "Similar to the three prior dry excavati...
The Indian government plans to set up a new shipyard on the East Coast through the public-private partnership (PPP) model. The strategic partner from the private sector will be selected through a competitive bidding process, a senior official said. According to Exim News Service, when Hindustan Shipyard at Vizag is transferred to the Navy, the merchant shi...
Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, today announced that it has agreed to purchase from an unaffiliated third party the MV “Teresa Hebei”, a 2004 built Panamax dry bulk carrier of 76,436 dwt, for a price of US$35.1 million. The vessel, to be renamed “Melite”, is expected to ...
THE US Environmental Protection Agency (EPA) has announced plans to regulate carbon emissions from US-flagged ships in 2011 under a rule-change adopted before Christmas by the agency, reports The Miami Herald. The new Clean Air Act standards, which will tighten the restrictions on nitrogen oxide emissions, also provide for reductions in carbon emissions f...
THE famous Baltic Dry Index, a measure of cost in shipping commodities, and regarded as a barometer of global economic health, posted its best-ever annual advance since it started in 1985. The 2009 advance of the London index that tracks transport costs in world shipping, was credited to Chinese iron ore demand, reported Bloomberg. The index advanced 288 ...
THE board of Japanese shipping giant "K" Line directors have named Kenichi Kuroya as the new chief executive officer of the group effective April 1, replacing Hiroyuki Maekawa, the current CEO who will become chairman. Mr Kuroya, currently managing director of "K" Line Pte Ltd, will become vice president from January 1 and a director at the end of June su...
Khanh Hoa province could sink the $500 million STX shipyard project this month if the Korean investor fails to signal whether it would continue with the project. Nguyen Trong Hoa, director of Van Phong Economic Zone Management Board, said the province would wait for the STX Vina Company - a subsidiary of Korean STX Group, also the project owner, till ...
Vietnam Shipbuilding Industry Group, the state-owned company known as Vinashin, has won government approval to sell as much as $600 million of bonds overseas to fund construction of new ships. Vinashin plans to raise between $400 million and US$600 million in a dollar-denominated bond sale, “hopefully within the first quarter next year and with a gove...
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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