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The Port of Sendai in the capital of northern Miyagi prefecture in Japan has been devastated, with reports that fires are still burning at the oil processing and cargo facilities In addition an estimated 10,000 people are reportedly missing in the Japanese Port of Minamisanriku; both ports were closest to the epicentre of Friday’s 9.0-magnitude earthq...
Japanese ports handling as much as 7 per cent of the country's industrial output sustained major damage from last week's earthquake, disrupting global supply chains and causing billions of dollars in losses, industry officials said. Japan has begun assessing the damage to port infrastructure, vital to receiving aid, commodities and goods for rebuilding ...
Less than 40 per cent of ships traversing pirate-invested waters off Somalia adhere to best industry management practice (BMP) guidelines, according to secretary general of the UN's International Maritime Organisation (IMO) chief Efthimios Mitropoulos. Given the area to be covered ranging deep into the Indian Ocean, NAT0 estimates it would take 80 warsh...
By introducing a new solution for LNG-fuelled ships, DNV and MAN Diesel & Turbo are taking the Quantum concept ship one stroke further. Both the machinery and the hull design and arrangement have been improved. A year ago, DNV launched its container ship concept – Quantum. This concept ship was designed to stir up a debate about shipping innova...
HONG KONG-listed SITC International Holding Company Limited, the largest mainland-based non-state-owned shipping logistics firm, has posted a 248 per cent increase in net profit for 2010 to US$112 million. Revenues for the year ending December 31 increased 28.4 per cent to $891.5 million up from US$694.2 million in sales in 2009. The company's robust ...
SHIPOWNER Seaspan has announced its will set up a joint venture with the Carlyle Group, the world's second largest private-equity firm, and Tiger Group Investments to buy US$5 billion worth of box ships, tankers and bulkers, reported Bloomberg. The venture, named Greater China Intermodal Investments LLC, will initially possess $900 million in capital to ...
Container lines of the Transpacific Stabilization Agreement (TSA) expect cargo demand to continue to improve in 2011 as the U.S. economy recovers, roughly in line with new vessel capacity entering the Asia-U.S. trade lane over that period, Manila Bulletin reports. With a traditional third quarter peak season now considered likely, TSA says that additional ...
TORONTO's aerospace industrial fasterner distributor, Interfast Inc and China's AVIC International Zhuhai Company Limited have signed an agreement to create a joint venture company in Zhuhai that will supply the growing aviation market in China and the Asia-Pacific region. The agreement was signed at the same time that Interfast is in Hong Kong as part...
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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