India's state-owned Indian Oil Corporation Ltd. on Friday said it will acquire up to 50 percent stake in Adani Group-backed Gujarat State Petroleum Corp (GSPC) Mundra LNG import terminal in Gujarat for an estimated INR 756 crore (USD 118 million)…
The Indian Minister for Shipping Nitin Gadkari has said that the government is keen on developing Chabahar Port in Iran and is hopeful of starting operations by 2018. Gadkari was in Teheran, to represent India at the taking over of office by President Hassan Rouhani for the second term…
India's Essar Ports has signed a 30-year concession agreement with the Government of Mozambique to develop a new coal terminal at Beira Port, as part of a Public Private Partnership (PPP) project. The project will be executed on Design…
Master Plans have been prepared for all the 12 major ports in India under Sagarmala Programme, and 142 port capacity expansion projects with total cost: Rs. 91,434 Cr (USD 14.25 billion) and capacity of 884 MTPA have been identified for implementation over the next 20 years…
Over the last few decades, international trade has exploded, driven in large part by tremendous improvements in efficiency and transportation cost reductions related to the containerization of freight. Reaping success depends on an intricately…
The Long Beach Board of Harbor Commissioners on Thursday approved the selection of Kerry Gerot to lead the Port’s Communications and Community Relations Division. The appointment is effective August 19. Gerot is currently the Public Affairs Officer for the Long Beach City Manager’s Office…
More than 600 workers at Jakarta's Tanjung Priok port have gone on strike and could extend the action until Aug. 10, their union said on Friday, disrupting operations at the biggest terminal of Indonesia's busiest port. The labour union…
Russian pipeline monopoly Transneft said on Friday that oil loadings from the Black Sea port of Novorossiisk had resumed after a storm. Transneft added in a statement, however, that weather conditions at the port remained unstable.(Reporting by Vladimir Soldatkin…
The government of India announced important steps in view to boost the domestic cruise tourism industry. It is estimated that on an average a cruise tourist spends about US$200-300 and a cruise staff/officer spends about US$100-150 per port visit…
Brazil grains exporters group Anec on Thursday said it will send an official communication to foreign buyers saying that protests by truck drivers in the country might delay grain loading operations at Brazilian ports. Anec's director Sergio…
Dr Bernd Buchholz, Minister of Economics, Transport, Labour, Technology and Tourism in the Federal State of Schleswig-Holstein, paid an official visit to the port of Kiel on August 1st. During a tour of facilities the minister was briefed…
Seafarers’ charity Apostleship of the Sea (AoS) responded to the spiritual and faith needs of the crew of container ship CMA CGM Africa Four when it called at Tilbury port in late July. The crew of the 51,634 deadweight-tonne CMA CGM-operated…
Steel construction company REIDsteel has completed its phase of works on landmark passenger facilities as part of a £45 million ($59 million) ferry terminal revamp in Portsmouth, U.K. The 130-strong firm was contracted for the project at…
Australia has fined and convicted Japanese shipping firm Nippon Yusen Kabushiki Kaisha (NYK) for operating as a cartel in relation to the transport of vehicles into the country, its competition regulator said on Thursday. The charges relate…
Trade unions in Jakarta International Container Terminal (SPJICT) will be striking from 3 until 10 August over what they claim as 'ruthless attacks to workers’ rights'. According to local media, the Federation of Indonesia Ports Union (FPPI)…
