2012/05/02
China and India’s rapid economic growth since opening their borders in the late 1970s has resulted in strong demand for a wide variety of commodities. These nations preoccupation with rapid industrialization strategies has been the driving force behind shifts in … Continue reading
2012/04/26Four Indian states – Andhra Pradesh, Kerala, Tamil Nadu and Gujarat – have approached the central government with proposals to invest at least Rs100B (US$2B) for the development of container ports, and signaling an end to the outdated Indian container … Continue reading
2012/04/26
The United States Army Corps of Engineers (USACE) recently released the Savannah Harbor Expansion Project (SHEP) final documents, which outline the steps necessary to complete the project. According the USACE study, the project is estimated to run at $652 million, … Continue reading
2012/04/09
German-based Hansa Shipping has elected to outfit four of its new 4,800 twenty-foot equivalent unit (TEU) vessels with the German ballast water treatment technology CleanBallast by RWO, a subsidiary of Veolia Water Solutions & Technologies. The ships, which will be … Continue reading
2012/04/09
Orient Overseas Container Line (OOCL) and the Port of Long Beach signed a $4.6 billion lease last week that will allow the Hong Kong-based shipping company to develop and maintain a more modern terminal in the Southern Californian port. The … Continue reading
2012/04/04
A new contract has been awarded to AVIC Singapore from an undisclosed ship-owner for the construction and delivery of five vessels. The vessels, including three Azimuth Stern Drive tugboats, one diver boat, and one bunkering tanker, will be built at … Continue reading
2012/04/03
Athens-based Diana Shipping Inc. has announced the purchase of a Panamax dry bulk carrier with a total deadweight tonnage (dwt) of 76,225. The vessel has a price tag of $20.65 million and should be delivered later this month. The Diana … Continue reading
2012/04/03
South Korea’s Hyundai Heavy Industries (HHI) reached a remarkable feat earlier this month, when upon delivery of the Cosco Faith to Seaspan, the shipbuilder passed the 100 million gross tonnage mark for its constructed ships. According to statistics from HHI’s … Continue reading
2012/03/27
A2SEA, a leading wind industry provider based out of Denmark, has signed a contract with Chinese COSCO Shipyard Group Co. for the construction of a new $155 million jack-up vessel. A2SEA, which is owned by DONG Energy (51%) and Siemens … Continue reading
2012/03/21
Essar Shipping Limited (ESL) has taken delivery of its third MiniCape vessel this year. Named the MV Ishwari, the new bulk carrier vessel is 253 meters long, 43 meters wide, and has a cargo capacity of 105,000 deadweight tonnes. The … Continue reading
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