The consortium behind the planned Nord Stream gas pipeline from Russia to Europe has sealed a 3.9bn euro ($5.4bn; £3.5bn) funding deal from 26 banks. The deal marks a milestone in development of the 1,220km (756-mile) pipeline, due for completion in 2012.
Better forecasting would not have averted the peak season chaos last year, but will help prevent it repeating, according to senior forwarding and logistics executives. Shippers, forwarders and carriers all shared some of the blame for the backlogs and scramble for capacity in the second half of 2009
At the Extraordinary General Meeting of Shareholders of Royal Boskalis Westminster N.V. (Boskalis) held earlier today, a vast majority of the shareholder votes (approximately 99%) approved the proposed merger with Smit Internationale N.V. (Smit). The general meeting also approved the appointment of
Mumbai: The sand-mining mafia, which is gradually choking Bankot Creek in Raigad, attacked a TOI team, environmental activists Sumaira Abdulali and Naseer Jalal that visited the creek on Tuesday afternoon to report on the illegal activities… [mappress] Source:TimesofIndia,March 17,2010;
MAN Diesel Spain has been active within the tug segment recently, having played a key role in three orders that contract the company to supply 18 MAN Diesel L27/38 engines to Boluda Corporación Marítima, Spain, the international marine group and shipbuilder. The engines are destined for nine newbuil
Princess Cruises has named Copenhagen as its “Port of the Year” for 2009 – a distinction awarded as the result of passenger satisfaction surveys. Copenhagen is the first port outside of North America to earn this honor. The annual award is given to one of Princess’ 33 worldwide turnaround ports that
The U.S. Atlantic sea scallop (Placopecten magellanicus) dredge fishery is entering full assessment in the Marine Stewardship Council’s (MSC) certification programme. The fishery operating in the exclusive economic zone of the United States of America offshore from Maine to Cape Hatteras, North Caro
Construction begins today on the first new deepsea port in the UK for 25 years. Dredging the Thames estuary will allow the world’s largest container ships to dock at DP World’s London Gateway terminal.
COSCO Shipping has revealed that it has budgeted over US$570 million to purchase 18 new multi-purpose and heavy lift vessels. COSCO’s heavylift subsidiary in Guangzhou has two 50,000DWT semi-submersible vessels nearing completion.
Petrobras announced a new discovery of light oil in sandstone reservoirs located in the Sergipe Basin, in the post-salt layer of the Piranema area. The economically recoverable volume of oil is estimated at 15 million barrels.
The more than two-decades-long Columbia River channel-deepening project is nearing completion. The U.S. Army Corps of Engineers expects to finish dredging the deeper shipping channel from Astoria to Portland before the end of the year. The work will be completed at least a year ahead of schedule… [m
Two more dredges and the Zenith in port today. Two regional dredges started to clear the Port of Funchal after the storm of February 20th… [mappress] Source:madeira,March 17,2010;
Haiti’s WIN Group and Miami-based Santé Holding Corp. on Tuesday announced a $70 million project to redevelop Terminal Varreux, Haiti’s largest privately-owned shipping terminal and port facility… [mappress] Source:miamiherald,March 17,2010;
The Canaveral Harbor Federal Sand Bypass Project at the Port Canaveral in Fl. is scheduled for construction this month (March)… [mappress] Source:wnews,March 17,2010;
