Loss-making shipping line Zim will receive a multimillion dollar cash injection, following approval of the rescue plan by its parent company’s shareholders. The Israeli carrier will receive a capital injection of US$450m from parent Israel Corp and also a $100m safety net.
Malaysia has ordered that the former President of the International Association of Ports and Harbours (IAPH) and ex-Port Klang General Manager Datin Paduka O C Phang and the country’s former Transport Minister Datuk Chan Kong Chye, be investigated for impropriety and criminal breach of trust. The re
Petroleum Institute of East Africa (PIEA) said the government’s Sh16 billion Mombasa port expansion plan entailing ocean floor dredging will allow large tankers to dock… Source: Daily Nation, November 4, 2009;
In Gambia’s coastal towns one of the country’s chief assets – pristine beaches – is being steadily eroded. In a move to make King Cnut proud, the government is shipping in sand… Source: The Ecologist, November 4, 2009;
Mexican President Felipe Calderón and HRH Queen Beatrix of the Netherlands met this afternoon with Mexican and Dutch businessmen to explore trade and investment opportunities between the two countries… Source: PRESIDENCIA DE LA REPÚBLICA, November 4, 2009
THE £260m second Tyne Tunnel project reached a major milestone today with the arrival of the dredger Vesalius… Source: Jarrow & Hebburn Gazette, November 4, 2009;
The dredge “Kaishuu” works tirelessly on the Cancun Coast, despite the bad weather in the region, it has not suspended its work for 24 hours a day… Source: Por Esto!, November 4, 2009
The Army Corps of Engineers may play a role in building a planned megaport near the mouth of the Mississippi River, potentially using mud dredged from the channel as construction material for the massive shipping platform… Source: NOLA, November 3, 2009;
Germanischer Lloyd (GL) has upgraded and extended its “Rules for Underwater Technology”… Source: Baird Maritime, November 4, 2009
JAKARTA: The city administration plans to buy river-dredging ships and will propose it in the 2010 city budget, an official says… Source: The Jakarta Post, November 4, 2009;
China National Petroleum Corp (CNPC), the country’s largest oil and gas producer, commenced construction of an oil port in Myanmar on Oct 31, the company said yesterday on its website. This is part of a move to bypass the congested Malacca Straits and diversify China’s oil import channels… Source: C
The federal government said yesterday in Abuja that it would not compromise standard in the execution of Brass LNG shore protection project. Source: Daily Triumph, November 4, 2009;
Dhaka: Recognizing the severity of the impacts of climate change on Bangladesh, European Union parliamentarians stated in Dhaka on Tuesday that the country deserved more external assistance and it should come up with new projects and seek money from abroad to finance them… Source: Voice of the South
The Netherlands could help in river dredging and land reclamation in Bangladesh, Commerce Minister Mohammad Faruk Khan said yesterday… Source: The New Nation, November 4, 2009;
