Bharati Shipyard Ltd. and unlisted Apeejay Shipping Ltd. said they would invest Rs 2,000 crore in an equal joint venture to set up a modern shipbuilding yard along India’s eastern coast, according to a Reuters report. While Indian shipbuilders are expanding their capacities with buyouts of other yards and assets, Indian shipping and engineering firms are pla...
The Czech government Monday approved separation of cargo transport from the national rail operator Ceske drahy into independent unit CD Cargo as of December 1, Prime Minister Mirek Topolanek has told a news conference. CD Cargo will have a share capital of Kc8.8bn. Some 13,000 of CD's current 57,000 staff will be transferred to the new company. The gover...
China’s Wuhan Iron and Steel (Group) Corporation (WISCO) signed a long-term transport agreement with China Shipping Group (China Shipping), reports MetalTorg.ru. Due to the contact, China Shipping will WISCO 3 dry cargo vessels of 230 thousand tons capacity and 2 dry cargo ships of 300 thousand tons capacity to supply 5 mn tons of ore annually. The con...
On October, 23 the bulk carrier "Pomorie" arrived at Kandalaksha Commercial Sea Port for coal loading. This is the first call at the russian port of the vessel, which belongs to Murmansk Shipping Co. since August 2007. The vessel was built at Chengxi Shipyard in China. The State flag of Russia was raised on the vessel on July, 31. The first commercial voy...
According to State Statistics Bureau, China has 10,848 berths, including 1,108 deep-water berths with handling capacity of over 10,000 tonnes. The reason given for the growth is that the container business has been rising rapidly in recent years along with the improvement and expansion of port infrastructure. Statistics show container volume by ship came t...
Dubai Ports World (DP World), the world's third-largest port operator, is investing around $300m in port security, local newspaper Gulf News reported recently. The money will be used to secure 42 terminals worldwide, according to DP World's director of security David Fairnie. DP World has commissioned a three-tier foolproof container security initiative that...
Effective today, Argos Oil will supply sulphur-free (EN 590) bunker fuels to Kotug's tugboats in the Port of Rotterdam. The Rijnmond Area is one of the most polluted regions in the Netherlands and therefore the Rotterdam Climate Initiative (RCI) has been launched. Peter Goedvolk, CEO of Argos Oil and harbourman of the year: ‘Argos Oil is satisfied with this ...
Danaos confirmed today that it has inked an order for five massive containerships from South Korea’s Hyundai Samho Heavy Industries. The New York-listed boxship owner has agreed to pay $830m for the post-panamax, 12,600-teu newbuildings, with a charter arranged to a major international liner company for 12 years each, reports TradeWinds. Although Dana...
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