2012/02/29
With German-based Hapag-Lloyd recently commencing weekly container service to the Port of Baltimore, the Maryland Port Administration says that nearly 600 new jobs could be created as part of the service. The new weekly service is part of Hapag-Lloyd’s Gulf … Continue reading
2012/02/28
The Qingdao Branch of China Development Bank approved a 12.5 billion yuan (US$1.99 billion) loan for Qingdao Dongjiakou Port earlier this month. The loan, broken up in two parts, will go to infrastructure and auxiliary projects, as well as ore … Continue reading
2012/02/27
Indian-based Essar Shipping Limited (ESL) took delivery of a bulk carrier last month. The new addition to Essar Shipping’s fleet, the MV Kamlesh, is 253 meters long and has a cargo capacity of 105,000 deadweight tonnage (dwt). The new ship … Continue reading
2012/02/24
Inchcape Shipping Services (ISS), a global maritime services provider, recently announced the launching of new operations in Saudi Arabia. Alongside the Saudi-run Al Bakri Group, ISS signed a joint venture agreement to provide energy, marine, and investment services to its … Continue reading
2012/02/23
With the current trade volume between China and Turkey at $24 billion, the two nations recently announced a mutual attempt to increase that number to $100 billion over the next eight years. Chinese Prime Minister Xi Jinping, Turkey’s Economy Minister … Continue reading
2012/02/22
According to statistics revealed by the Nigerian Ports Authority, national ports saw a cargo throughput increase in 2011 of over 10% from the previous year. The nearly 83 million metric tonnes of cargo that passed through Nigerian ports in 2011 … Continue reading
2012/02/21
The Port Authority of New York and New Jersey announced last week that the Port of New York and New Jersey handled 5.5 million TEU’s (twenty foot equivalent units) last year, amounting to almost a 4% increase over 2010’s total. … Continue reading
2012/02/20
Chinese Vice President Xi Jinping, accompanied by a large delegation of Chinese governmental officials and business leaders, recently wrapped up a visit to the United States. During the trip, Xi, the presumed heir to the Chinese presidency who is expected … Continue reading
2012/02/17
The Port of Los Angeles maintained momentum from its strong 2011, by handling over 698,000 TEUs (twenty-foot equivalent units) in January. The nearly 700,000 shipping containers that came in or out of the port that month, amounts to a 5.8% … Continue reading
2012/02/16
Golar LNG Limited announced yesterday that it is investing $400 million into its fleet. The shipping company, which specializes in transporting liquefied natural gas, and is based out of London with Bermudan registry, has entered into a contract with Hyundai … Continue reading
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