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CARRIERS plan to launch new transpacific services charging higher rates from April based on optimistic growth forecasts for in 2011, reports maritime analyst Alphaliner. But at the same time, utilisation has dropped to below 90 per cent since October to an overall 89 per cent in January against 96 per cent in the same month of 2010. Shippers say extra cap...
For the fifth consecutive year, Japanese shipping giant NYK has been selected as one of the Global 100 Most Sustainable Corporations in the World in the Global 100 selection, the Shipping Gazette reports. The 2010 Global 100 was announced at the recent World Economic Forum annual meeting in Davos, Switzerland. Of the 3,000 corporate candidates from 22 cou...
The first-ever dedicated transhipment and gateway hub in India, DP World’s Vallarpadam International Container Terminal (VICT), was opened on February 11, 2011 by India’s Prime Minister Dr. Manmohan Singh in an official ceremony at the terminal which was attended by more than 5,000 customers, officials and dignitaries. The new terminal is a p...
The most powerful self-propelled heavy duty cutter suction dredger in the world (the D’Artagnan) has arrived at the Panama Canal. Upon arrival, the latest addition to the Panama Canal Authority’s (ACP) expansion dredging fleet, made its way to the Pacific entrance, which will ultimately link the new Pacific locks with the Canal’s existi...
Keppel FELS Brasil has bagged two floating production storage and offloading (FPSO) topside contracts. The two contracts worth R$500m are for and Single Buoy Moorings Inc. (SBM), and a joint venture between MODEC and Toyo Offshore Production Systems (MTOPS). Work on the FPSOs is expected to start in the first quarter of this year and be completed in the fou...
India-based Great Eastern Shipping Company managed to snatch a marginal quarterly rise in net profit for the third quarter ended 31 December 2010. The Mumbai-listed firm posted net profit of Rs800m ($17.6m) for the third quarter compared to Rs750m for the corresponding quarter in 2009. Total revenue, however, dropped to Rs3.92bn in the quarter compared to R...
DP World has officially opened India’s first container transhipment hub. The Vallarpadam International Container Transhipment Terminal (ICTT) was opened by India’ Prime Minister Manmohan Singh on Friday. The terminal, which was built at a cost of $600m including supporting infrastructure, will be operated by DP World Cochin. The terminal will ...
THE US Transportation Security Administration (TSA) is working with US Customs to secure more pre-departure air cargo information sooner than now required, TSA administrator John Pistole recently told the congressional committee on transportation security. "In January, TSA issued a proposed air carrier security programme change to increase security measu...
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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