French ocean carrier CMA CGM announced the formation of a new wholly-owned business unit in India, CMA CGM Agencies (India) Pvt. Ltd., to handle its agency operations in that country. The move followed the termination of its erstwhile joint venture arrangement with a local partner. The company in a notice to the trade said the new company too...
A Russian fishing boat sank in the Barents Sea, its captain died but the other 18 crewmembers are being rescued, head of the Murmansk region fisheries authority Vladimir Sokolov said on Tuesday according to Interfax. The fishing boat Topaz, which belonged to Murmansk company Tralflot-4, sank for unknown reasons several hours before, Sokol...
A Russian warship helped foil an attack on a Dutch container ship by suspected Somali pirates in the dangerous Gulf of Aden, a maritime watchdog and the Russian navy said Wednesday. Six pirates fired rocket-propelled grenades Tuesday at the ship, which took evasive maneuvers while calling for help, said Noel Choong, head of the International Maritime ...
Officials from Sudanand Malaysia'sstate oil company Petronas are scheduled to meet in March to discuss plans fora delayed joint-venture refinery project, Sudan'soil minister said. We are meeting with our joint-venture partner tosee how we can move forward with this project, Sudanese energy andmines minister al-Zubeir Ahmed Al-Hassan said on Monday on ...
FESCO opens new weekly railway service to transport containers between Vladivostok-exportny (VKT terminal) and Silikatnaya railway station (Moscow). 20-foot and 40-foot containers will be transported after custom clearance in Vladivostok port. Transit time to Moscow – 12 days, the company's press service reports according to RZD-Partner. Source: P...
Transport workers, Indian trade unions and Intertanko representatives will be among those to participate in a protest Jan. 23 in front of the South Korean embassy over the jailing of two officers involved in South Korea's biggest oil spill. The officers, Capt. Jasprit Chawla, and Chief Officer Syam Chetan, currently face one-and-a-half years a...
2009 will be the toughest test yet for the container industry with the Asia/Europe trade route being hit particularly hard, Drewry Shipping Consultants said. Drewry forecasts meager growth of 2.8 percent in 2009, down from 2008 when 152.8 million TEU were shipped, a 7.2 percent increase over 2007. This is certainly backed by the ...
South Korea's major shipbuilders have lowered their order targets this year as a global economic slump reduces shipbuilding demand, Yonhap News reported quoting industry sources Tuesday. Daewoo Shipbuilding & Marine Engineering, the world's third-largest shipbuilder, is aiming to win orders valued at $10 billion this year, 42.8 percent lower than last...
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