• Posted On Monday, July 02, 2012

    Even though the glitter and dust have settled down after observance of International Year of Seafarers (2011) and International Day of the Seafarers (June 25), the lot of Indian seafarers refuses to brighten up.br /
    While wage negotiations for those who are employed with Indian ships are yet to get finalised, dwindling job opportunities stare at aspirants who have completed their courses, many af....

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  • Posted On Monday, July 02, 2012

    The highly booming shipping industry of Malaysia needs 43,000 seamen to remain competitive in international commerce and trade, according to its marine department director-general Datuk Capt Ahmad Othman. He said there were 49,000 local seamen in the local shipping industry while another 43,000 places were filled by foreign seamen.br /....

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  • Posted On Monday, July 02, 2012

    The government is treating the transport sector with hand gloves because it is afraid, observed a top functionary of a leading logistics support services company in the course of a private conversation. For example, during the latest price hike, it has not touched the price of diesel. A hike in diesel prices would have impacted the transport sector, as other sectors stand impacted now due to the h....

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  • Posted On Monday, July 02, 2012

    Many small-sized shipyards in China, plagued by a shortage of new orders, are on the brink of bankruptcy as a result of the sluggish world economy, a glut of vessels and soaring fuel prices.br /
    Zhejiang Jingang Shipbuilding Co Ltd, headquartered in the Taizhou city of East China's Zhejiang province, recently filed a bankruptcy petition due to its significant loans and lack of new orders, said a ....

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  • Posted On Monday, July 02, 2012

    Polish-hauled road freight between Russia and the European Union could grind to a halt within months, unless a simmering bureaucratic dispute over the quota of border-crossing permits is resolved. br /
    Polish truckers, who play a major role in transporting goods between the EU and Russia, could run out of limited numbers of Russian one-time border transit permits. The situation has already increa....

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  • Posted On Monday, July 02, 2012

    Leading crane manufacturer Anupam Industries will make its presence felt in geothermal power generation projects with the company bagging an order from Hyundai Engineering Co, Korea to supply 4 cranes and hoists worth Rs 40 million. br /
    The Gujarat-based company already claims the largest market share in Indian power industry for supplying TG Hall cranes and other customised cranes.br /
    Anupam ....

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  • Posted On Monday, July 02, 2012

    The UAE has pledged $1 million to an international anti-piracy fund which will help the international community wage war on a piracy scourge that is estimated to cost shipping up to $12 billion annually. br /
    Dr Anwar Gargash, Minister of State for Foreign Affairs, said he hoped the donation would help bring back peace and stability to Somalia and will help coordinated military and government cam....

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  • Posted On Monday, July 02, 2012

    Chinese carriers have posted a collective net loss of CNY1.37 billion ($216 million) in May, reversed from a net profit of CNY1.88 billion year on year, according to local reports. br /
    According to the civil aviation administration of China, domestic carriers transported 25.4 million passengers, up 5.5% year on year. Cargo traffic volume increased 0.6% to 450,000 tonnes. br /
    The cargo market a....

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  • Posted On Monday, July 02, 2012

    The United States Department for Homeland Security has deferred until July 2014 the requirement to scan 100% of containers arriving in the country. The requirement was introduced with the so-called SAFE Port Act (Security and Accountability for Every Port Act of 2006), which also included an option for the scanning requirement to be deferred if certain criteria were met.br /
    According to homeland....

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  • Posted On Monday, July 02, 2012

    Despite the sanctions announced by western countries on Iran, the National Iranian Tanker Company (NITC) has vowed to become the second largest tanker player by next year. br /
    Currently, the company claims to be the world's fourth largest oil tanker operator.br /This company owns 50 very large crude carriers (VLCCs) [with the capacity] of 300 to 320 tonnes which amounts to 10% of the world's VLC....

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  • Posted On Monday, June 25, 2012

    p style="text-align: justify"span style="font-size: x-small"span style="font-family: Verdana"While Indian maritime industry is going through one of the worst cycles of recession, the administrative mechanism that is supposed to provide an anchor to the distressed entities is finding itself in an unenviable situation as most of those in positions of power are either new or are looking forward to a ....

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  • Posted On Monday, June 25, 2012

    p style="text-align: justify"span style="font-size: x-small"span style="font-family: Verdana"The unending story of development of the Wadala Truck Terminal in Mumbai could be seen as a prime example of the official apathy in providing enabling infrastructure to the road transport sector in the country. br /br / Conceived in the early 1990s, the three-phase project is yet to take off even though i....

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  • Posted On Monday, June 25, 2012

    p style="text-align: justify"span style="font-size: x-small"span style="font-family: Verdana"A host of maritime industry stakeholders, from labour to governments across continents, have proposed International Maritime Organization (IMO) to weigh loaded containers to determine their actual weight. br /br /span style="font-size: x-small"span style="font-family: Verdana"The proposal was submitted by ....

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