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Sunday, January 17, 2021

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Transhipment business model no good for Hong Kong

Posted to Far East Maritime (by Greg Knowler) on May 7, 2013

Some ports lend themselves, via geographic location or strategy, to transshipment. Singapore, for instance, had a throughput of 31.6 million TEUs in 2012, but more than 90 percent was comprised of containers in transit. Geographically, Singapore…

Akash Dredging & Marine Services acquire cutter suction dredger

Posted to Akash Dredging & Marine Services acquire cutter suction dredger (by Joseph Fonseca) on February 15, 2012

With the inauguration of their first cutter suction dredger (CSD), AKASH-1 this morning at ABG SHIPYARD, Dahej, Akash Dredging & Marine Services (P) Ltd, Visakhapatnam (ADAMS) has become the new entrant into the dredging arena. The company,…

Carriers warn Vale's big bulkers will dampen rates

Posted to Far East Maritime (by Greg Knowler) on December 9, 2010

The dry bulk shipping business is going through a tough time. It is an incredible 80 percent down on the market peak in May 2008, and rates have led carrier operators on a wild and volatile ride ever since. The industry is currently oversupplied with bulk carriers…