Gail (India) has signed a long-term time charter with K Line’s Singapore arm for an LNG carrier newbuilding ordered by the Japanese owner in the first deal between the two companies. The 174,000-cbm LNG newbuilding, which is on order at Samsung Heavy Industries, is due to deliver to Gail in 2027 under a charter that…
Chattogram port has finally started accommodating large container vessels with 10 metres draught and 200 metres length, eight years after allowing 9.5-metre-draught and 190-metre-long ships to anchor at its jetty. Cargo ship Common Atlas, which had been docked at the port’s outer anchorage after bringing in Meghna Group’s 60,500 tonnes raw sugar import from Brazil…
In response to the current situation in Beira, Mozambique, CMA CGM has announced the implementation of a Port Congestion Surcharge (PCS) effective from 22 December 2024. Source: VesselFinder This surcharge will apply to shipments originating from the Far East, including China, Hong Kong & Macau SAR, North East Asia, and South East Asia, and destined…
COSCO SHIPPING Chancay Port commenced trial operations on 14 November, marked by the successful unloading of new energy vehicles and other transportation products from COSCO SHIPPING HONOR and COSCO TENG FEI at the Peruvian port. The maiden voyage of COSCO TENG FEI, carrying 2,756 vehicles, embarked from China’s port of Shanghai to Chancay and other…
Mediterranean Shipping Co (MSC), the world’s largest container line, has completed its buy-in into the port of Hamburg, radically changing the container port landscape in northern Europe in the process. MSC now controls 49.9% in Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), with the city of Hamburg holding a 50.1% stake in the port’s main terminal…
RIYADH: Saudi Arabia ramped up its research and development spending to SR22.61 billion ($6.02 billion) in 2023, marking a 17.4 percent increase from the previous year, according to official data. The General Authority for Statistics reported a rise in R&D personnel, with the workforce reaching 49,337 by the end of 2023, up 12.2 percent year…
