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  • 24 Jul 2014 8:38 AM | Anonymous

    Original news was published on 23 July, 2014

    Larsen & Toubro has secured a contract worth US$846 million from Kuwait Oil Company (KOC) to build its second of three oil & gas gathering centers.

    L&T Hydrocarbon will handle engineering, procurement and construction for KOC, the Indian engineering company said in a statement. Specifically, the company will be responsible for project management, detailed engineering, procurement, construction, supply, testing and commissioning.

    The new facilities in north Kuwait will support KOC’s long term strategy for the development of the North Kuwait fields to increase oil production to 1 million barrels per day by 2016. The gathering centers will receive crude from the Raudhatain fields.

    The gathering center is designed for a multistage process that will separate 100,000 barrels per day of oil, 240,000 barrels per day of produce water and 62.5 million standard cubic feet per day of associated gas.

    *NEWS SOURCE

  • 23 Jul 2014 8:32 AM | Anonymous

    Original news was published on 22 July, 2014

    50 portables travel by road via Saudi Arabia

    Fast & Direct Heavy Lift Solution Services completed the transport of 50 out-of-gauge portable houses from Ras Al Khaima, UAE, to Manama, Bahrain.

    The Dubai-based transporter used 25 flatbed trucks, each measuring 24 meters long, Cargo Equipment Experts said on behalf of its member. Police escorts accompanied the convoy as it made its way along the coast to the jobsite.

    The road trip covered more than 1,000 kilometers.

    *NEWS SOURCE

  • 22 Jul 2014 8:28 AM | Anonymous
    Original news was published on 21 July, 2014

    KG Shipping and Transportation organized the ocean transport of four vessels from the Antalya Free Zone Port in Turkey to Doha Port in Qatar.

    The cargoes included two Catamarans measuring 17.6 meters long, 6.73 meters wide and 8.45 meters high with weights of 32 tons each. In addition, KG’s shipment included two Coast Guard vessels measuring 17.8 meters long, 4.8 meters wide and 6.6 meters high. Each of these vessels weighed 27 tons, Priority Cargo Network said in a statement on behalf of its Istanbul-based member.

    The loaded vessel sailed through the Suez Canal and then up the Arabian Sea and on into the Persian Gulf where it discharged the vessels in Doha.

    *NEWS SOURCE

  • 21 Jul 2014 5:15 PM | Anonymous
    FM is happy to announce that RS GLOBAL LOGISTICS has joined Freight Midpoint from BANGLADESH today. Please join us to welcome them to FM Family ! Wish you fruitful cooperation. !

    RS GLOBAL LOGISTICS - BANGLADESH

    ADDRESS: HouseNo.15,Road No.08,Nikunja-02,Khilkhet, Dhaka, BANGLADESH
    CONTACT: Zillur RAHMAN
    TEL: + 88 01738301115
    FAX: + 88 028900552
    WEB: www.rsglobalbd.com                                    

  • 21 Jul 2014 8:43 AM | Anonymous
    Original news was published on 20 July, 2014

    DANISH shipping giant Maersk Line, the world No 1 container carrier, has announced a US$450 per TEU freight rate increase on the Asia-northern Europe trade lane effective August 1.

    On average, spot rates between Asia and Northern Europe fell 5.5 per cent to $1,230 per TEU in the week ending Friday. Container shipping companies are aiming for higher rates from August 1.

    Rate increases announced so far include $550 per TEU by CMA CGM, $1,000 per TEU by Hapag-Lloyd and $600 per TEU by Hanjin Shipping. Full increases announced vary from 36 to 81 per cent, but only 62 per cent of announced price hikes for July 1 were implemented successfully, said Reuters.

    *NEWS SOURCE
  • 19 Jul 2014 9:17 AM | Anonymous
    Original news was published on 16 July, 2014

    JOTUN, a global supplier of marine antifouling coatings, has struck a deal with Maersk Line to supply Hull Performance Solutions (HPS) with SeaQuantumX200 for the shipping line's new triple-E, 18,000-TEU vessels.


    The shipping company has already taken delivery of ten of these ships that are either currently in its fleet or entering service, and a further ten are under construction at the DSME shipyard in South Korea.

    Keeping under water hull surfaces smooth and clean is crucial to the Danish carrier's efforts to minimise fuel costs and GHG emissions, a statement from Jotun said.

    Jotun's vice president of marine coatings Geir Boe said, "Advanced antifouling technology is central to optimising hull performance and the world fleet's energy consumption.

    "HPS demonstrates its effectiveness, helping ship owners to quantify efficiency gains and contributing to something we all want - a more sustainable, environmentally-friendly, and profitable shipping industry."

    *NEWS SOURCE
  • 18 Jul 2014 8:36 AM | Anonymous

    Original news was published on 17 July, 2014

    Chiquita agreement signed, lease options to 2029

    The Port of Wilmington has renewed its agreement with Chiquita Brands, which means the port will continue to be Chiquita’s mid-Atlantic distribution hub for at least the next five years.

    The agreement between Diamond State Port Corporation and Chiquita also includes two 5-year lease renewal options, which will extend Chiquita’s relationship with Wilmington until 2029, the port said in a statement.

    In 1988 Chiquita consolidated its mid-Atlantic supply chain operations at the Port of Wilmington, which is located on the Delaware River. Wilmington is the produce importer’s largest port operation in North America. It leases 28.7 acres at the port and its vessels make about 52 calls each year. The vessels arrive from Central America with Chiquita’s containerized produce and then load forest products, used automobiles and general cargo for the return trips.

    *NEWS SOURCE


  • 17 Jul 2014 8:31 AM | Anonymous

    Original news was published on 16 July, 2014

    THE 9,200-TEU APL Mexico City, the last of 12 newbuildings of the same size built in Korea at the DSME shipyard (Daewoo), ten of which were ordered in July 2010 by parent group, NOL.

    A report by Alphaliner said the ships were originally meant to have a carrying capacity of 8,400 TEU, but this was later upped to 9,200 TEU in June 2011, with two more vessels ordered at the same time.

    The newbuilding has joined the G6 Asia-US east coast CEC service via the Suez Canal. She will replace Hapag-Lloyd's 8,598-TEU Vancouver Express, which will join CCNI, which sublet her from Hapag-Lloyd on the Asia-east coast South America Loop 2 (SEAS 2/ASAX 2/ASAS 2/NGX 2).

    The service is operated by Maersk Line, CMA CGM, Hamburg Sud, CCNI, CSCL and Hanjin Shipping, with Hapag-Lloyd and CSAV co-loading.

    The newbuilding follows the APL Houston, delivered in March.

    *NEWS SOURCE

  • 16 Jul 2014 8:30 AM | Anonymous
    Original news was published on 14 July, 2014

    ASIA-Europe volumes in May posted a 13.2 per cent increase in head-haul year on year to hit 1.4 million TEU, the latest figures from Container Trades Statistics show.

    Volume growth for the first five months of the year on the trade lane is eight per cent up on last year, reaching 6.2 million TEU.

    May recorded the second largest percentage increase so far this year on the trade lane after the 14.6 per cent increase recorded in March because of a post-Chinese new year-related spike.

    Broken down into the sub-sectors that make up the Asia-Europe trade lane, volumes on the Asia to North Europe trade lane were up 14.5 per cent year on year to 884,559 TEU.

    Asia to the western Mediterranean and North Africa enjoyed a 16 per cent year on year increase to 247,055 TEU.

    From Asia to the eastern Mediterranean and the Black Sea, May's volumes jumped 5.6 per cent to reach 235,413 TEU.


    *NEWS SOURCE

  • 15 Jul 2014 8:27 AM | Anonymous

    Original news was published on 14 July, 2014

    UAE global ports operator DP World has announced a plans to provide the Vancouver Island, 60 kilometres from the City of Vancouver, one million TEU annual container capacity to be used for US-bound cargo.

    DP World Vancouver and Vancouver Island's Nanaimo Port Authority have signed a three-year deal that awards Dubai company the right to operate there, said a company statement.

    During a Vancouver meeting called to outline DP World's development plans, company chairman Sultan Ahmed bin Sulayem declared:

    "DP World, in cooperation with Canada Ports, has started the construction works of a new port on Vancouver Island to meet the growing flow of exports to USA, which will raise Canada's overall export capacities," he said.

    "DP World is keen on supporting the development efforts in Canada's ports sector by delivering top-notch services at DP World-Vancouver Terminal. The new expansions will boost the capacities of Vancouver Port which is the main gateway of trade between Canada and Asia-Indian Ocean markets," he said.

    Canadian International Trade Minister Ed Fast said the federal government has allocated C$4.5 billion (US$4.1 billion) to develop freight infrastructure to keep up with the projected growth.



    *NEWS SOURCE

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