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JN Port world’s 25th busy box port

Posted On Sunday, August 29, 2010

Jawaharlal Nehru Port occupies 25th slot among the world's busy container ports, according to the latest listing of top world container ports by Journal of Commerce.Port of Singapore continues to rank as the world's busiest container shipping port despite shrinking volumes during the global trade downturn. According to the list, China's ports have largely weathered the worldwide recession and gai....

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GE Shipping sells another single-hull tanker

Posted On Sunday, August 29, 2010

Great Eastern Shipping has shed another of its single-hulled tankers with the company delivering its 50,600-dwt Jag Pranam (built 1986) to its buyer. According to reports, the ship which was hit by pirates off Singapore in 2003 was sold in Kakinda for $435 per ldt, or $4.4m. The company bought the ship in 1996 for $19.7m.The company has been busy scrapping its single-hull tankers this year, havin....

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‘R&D will provide positive solutions to the most difficult challenges faced by the industry’

Posted On Sunday, August 29, 2010

Chairman of ClassNK Noboru Ueda, who recently took over as chairman of International Association of Classification Societies (IACS), shares his thoughts about IACS and the future of classification in an interaction with ETSL You are presiding over one of the largest ship classification societies in the world. What are the salient features of the society?I think the biggest factors in our success, ....

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Port capacity set to cross 1 billion tonne mark

Posted On Sunday, August 29, 2010

The nation-wide port capacity is headed to settle at 1015 million tonnes in September Indian port sector is all set to touch a milestone with the combined capacities of all major and non-major ports crossing the one-billion tonne mark in September. According to port officials, the nation-wide capacity today stands at 996 million tonnes. With Gujarat Maritime Board facilities adding 19 million tonn....

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BILL OF LADING

Posted On Monday, August 23, 2010

While India can said to have entered the free trade zone era with Arshiya International, the Mumbai-based supply chain and logistics infrastructure solutions company, flagging of the first of its five free trade zones in Panvel near Mumbai on Wednesday, August 18, the Gujarat Pipavav Port IPO is providing the maritime and allied industries a talking point around which many port and infrastructure....

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Karnataka clears creation of maritime board

Posted On Monday, August 23, 2010

Karnataka Cabinet has approved the proposal to set up Karnataka Maritime Board (KMB) for the overall development of the ports in the state.According to officials, the board would have one of the four additional chief secretaries as the chairman and no politician would have place in the board. The principal secretaries of the department of public works, infrastructure development, environment and ....

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Chowgule’s Jaigad maritime complex project achieves financial closure

Posted On Monday, August 23, 2010

The integrated Maritime Complex project at Jaigad in Ratnagiri district of Maharashtra, promoted by Goa-based Chowgule group, has achieved financial closure for its Phase - I.The project involves development, operation and maintenance of cargo terminal and state of the art ship repair facility.The promoters have been following up the project with government of maharashtra under BOOST policy and s....

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GPPL IPO ready to test waters with a price band of Rs 42-48

Posted On Monday, August 23, 2010

With the Rs 500-crore IPO of Gujarat Pipavav Port (GPPL) hitting Indian capital market today, discerning investors are getting another marine infrastructure opportunity to participate after Mundra Port and SEZ (Mundra) IPO, which evoked a strong response from investors, way back in November 2007.GPPL, the developer and operator of APM Terminals Pipavav, is India's first private sector port having....

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Substantial growth in iron ore, coal trade within 5 years, says report

Posted On Monday, August 23, 2010

Export from India, however, could be affected by changes in taxes and trade restrictions, it says There is good news for Indian players in iron ore and coal shipping, which form the major chunk of the countrys exim trade. According to a latest market report by DnB Nor Markets, Norway's largest Investment Bank, worldwide iron ore and coal trade flows are expected to increase substantially within t....

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IATA e-freight goes live in 58 US airports

Posted On Sunday, August 15, 2010

Fifty-eight airports in the US have gone live with the International Air Transport Association (IATA) e-freight standard on domestic freight by ditching core paper documents with air cargo shipments and streamlining processes, improving speed and reliability, and cutting costs.The IATA e-freight implementation team was led by American Airlines Cargo in close cooperation with DB Schenker Logistics....

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Ship owners slam release of Somali pirates

Posted On Sunday, August 15, 2010

The release of pirates by the Spanish warship that caught them after a foiled attack on the tanker Bow Saga has sparked condemnation from shipowners of Intertanko, who described the act as a bitter blow to the shipping industry in the fight against piracy.While the attack was thwarted by the Spanish frigate Victoria, which arrested seven suspects, they decided to let them go after discussions wit....

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Singapore authority extends port concessions

Posted On Sunday, August 15, 2010

The Maritime and Port Authority of Singapore (MPA) has extended concessions for the third time after it was introducted as part of government's Economic Resilience Package for Budget 2009. Accordingly, ocean-going ships will get five per cent port dues concession and this is over and above existing port dues concessions already enjoyed by the industry. Harbour craft, with the exception of pleasur....

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FedEx enhances its service offerings in India

Posted On Sunday, August 15, 2010

As part of the ongoing focus to strengthen its foothold in India whilst bolstering the trade lane between Asia and Europe, FedEx Express has enhanced its service offerings.A subsidiary of FedEx Corp and the world's largest express transportation company, FedEx has launched a new flight from Bengaluru establishing direct connections to Europe and the Middle East and the US. With this, Bengaluru be....

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