The Fox Waterway Agency will spend nearly four times as much money on dredging this year as it did last year, but the agency still will focus efforts on Grass Lake. The agency board recently passed a $3.27 million budget. The new budget increases the amount for dredging from $50,000 to $190,000.
The dozens of cargo ships anchored off the coast of Southern California last summer painted the picture of a robust economy, but behind the stranded armada waiting to unload its cargos was a story of supply-chain chaos and a damaging trade imbalance. Experts say the logjam experienced at the ports o
The Port of Vancouver will need a new facility or a redevelopment of an existing one every two years from 2006 to 2016, costing a total of C$1.4 billion (S$1.8 billion). This is to help it to cope with the surging transpacific cargo volumes, said the head of the Vancouver Port Authority (VPA).
Chinese trading houses are seeking term fuel oil cargoes from suppliers with storage facilities outside Singapore following an imminent global ban on single-hulled tankers, industry sources said yesterday.
SUMATEC Resources Bhd has enhanced its position in the marine transportation and logistics business with the acquisition of four Miri-based shipping companies for RM50mil.
MC Shipping Inc. has announced the acquisition of a further large gas carrier that brings their total LPG fleet up to ten vessels. The company has acquired the former Shell owned 1983 built 59,000 cubic metre capacity vessel ISOMERIA.
BMW Oracle Racing today became the first America’s Cup team to start a 2005 full-scale two-boat testing programme on the Mediterranean waters off the coast of Valencia, Spain, site of the 32nd America’s Cup. The Challenger of Record launched their ‘turbo-charged’ Version 5 boats, USA-71 and USA-76,
JAPANESE ship owners visited the Visayan Maritime Academy recently to inspect the VMA facilities and the system of education for the maritime trade and profession. The team toured the VMA facilities and was impressed after observing students in their practical exercises and actual operation of VMA e
Prime Minister Shaukat Aziz on Monday said Pakistan would not allow domination of the Indian Ocean. He said strong and credible defence is vital for our national security and peace in the region. The Prime Minister was speaking at Pakistan Navy’s facility (PNS Jauhar) here where he was given a detai
SEOUL (AFX) – South Korea, the world’s largest shipbuilder, today downplayed a World Trade Organization decision calling on Seoul to end shipbuilding subsidies within three months.
MSET Shipbuilding Corporation Sdn Bhd (MSET), the sole Bumiputera shipbuilder in the east coast, would be launching a 60-metre long ship, owned by Tanjung Offshore Services Sdn Bhd, this March 20.
Color Line AS and Aker Yards have signed a letter of intent (LOI) for the order of a second ship, a sister vessel to M/S Color Fantasy, the world’s largest cruise ship with car decks delivered from Aker Finnyards the 3rd of December 2004. The contract value is at the same level as for M/S […]
Daewoo Shipbuilding & Marine Engineering Co., the world’s No. 2 shipbuilder, said Sunday that it aims to win more than half of 44 gas-tanker orders from Qatar by 2010.
Reflecting the surging global demand for container shipping, China International Marine Containers (CIMC) Co, the world’s largest maker of shipping containers, posted more than a threefold jump in 2004 net profit.
