The Chinese-built Colombo International Container Terminals (CICT), which opened for business in 2014, has made significant gains in container handling last year surpassing 1.5 million TEUs, according to local media. The Terminal has set a record in 2015 with handling 1…
A ship Venezuelan flag, name VFM Alita sank last week in Caribbean waters of the Panama Canal after colliding with another anchoring vessel, which caused hole above the waterline and water ingress. According to the information revealed on Sunday by a Panamanian official source…
Hyundai Heavy Industries has temporarily shut one of its two factories making offshore oil rigs - Onsan plant in South Korea - due to downturn in the global oil and gas industry. The closure Onsan underscores the dire state of the country’s…
Port Tampa Bay is spending $21.5 million on a pair of new cranes that will be able to unload bigger container ships, and it is investing millions more to make it easier for trucks and trains to exit the port and be on their way. The cranes…
The Port of Calais had to be temporarily closed after dozens of refugees and migrants stormed on to a ship in the hope of reaching the UK. About 50 people made their way on to a P&O-operated vessel called Spirit of Britain. British anarchists…
The 4th Edition of Oil Spill India (OSI) 2016 is all set to be launched at the JW Marriot Sahar, Mumbai. Keeping with the current trend and the government policy of 'Make in India' the theme selected for this two-day event scheduled for 11th and 12th August 2016 is 'Commitment…
On Thursday, January 20, 2016, the Port of Palm Beach Board of Commissioners elected its new Chairman, Mr. Wayne M. Richards. Richards, a member of the board for 16 years, is known for keeping a strong focus on fiscal responsibility and bringing new…
Dubai-based port operator DP World and the Russian Direct Investment Fund have launched a joint venture to develop ports, transportation and logistics infrastructure in Russia. Signed on the sidelines of the World Economic Forum in Davos…
Indonesia's first mini liquefied natural gas (LNG) terminal, considered an ideal concept for a gas terminal an archipelago, is set to start operations in March, supplying 40 million standard cubic feet per day (mmscfd) of gas to Bali’s Pesanggaran power plant…
The Captain of the Port (COTP), Delaware Bay, has set a modified Port Condition WHISKEY due to the anticipated arrival of a severe winter storm that will impact the Pennsylvania, New Jersey, and Delaware area in the next 72 hours.A thorough…
Due to operational constraints, CMA CGM informs its customers that the rail service from Dakar (Senegal) to Bamako (Mali) is suspended until further notice. In order to ensure service continuity, CMA CGM reminds that road service remains available from Dakar to Bamako in 13 days…
The state privatization fund Hellenic Republic Asset Development Fund (HRADF) of Greece has accepted a “significantly improved” offer from China’s Cosco Group for the state’s majority stake in the Piraeus Port Authority (OLP). “HRADF’s…
Port of Ystad saw record breaking traffic numbers in 2015, retaining the port’s position as Sweden’s third largest ferry passenger port. The largest increase was in bus traffic, which increased by 30,7 % compared to 2014. “The numbers from…
India has come “under pressure” from Iran to complete the Chabahar Port project, with the lifting of Iranian trade sanctions, reports Hindu Business Line. Acting strategically to China’s repeated attempts to wean away India from Chabahar Port upgradation…
Amid political rivalry between the Islamic Republic of Iran and Saudi Arabia, United Arab Shipping Company (UASC) is resuming business with Iran following the lifting of Western sanctions, reports Reuters. Saudi Arabia is one of the shipping line's main shareholders…
