Remote ultrasonic thickness measurement improves survey safety, saves time and improves efficiency for shipowners
Beijing - Cash-strapped developer China Evergrande Group has begun repaying investors in its wealth management products with real estate, a unit of its main Hengda Real Estate Group Co Ltd unit said. Evergrande, with over $300 billion in liabilities, is in the throes of a liquidity crisis that has left it racing to raise funds to pay its many lenders and suppliers
Taipei - Taiwan threatened to take China to the World Trade Organization on Sunday after Beijing said it would suspend sugar apple and wax apple imports from the island on pest concerns, in the latest spat between the two over fruit. Relations between Taipei and Beijing, which claims democratically ruled Taiwan as its own territory, are at their lowest in decades, with China increasing political and military pressure to get the island to accept its sovereignty
Kuala Lumpur - Malaysia on Saturday expressed concerns that Australia's plan to build nuclear-powered submarines under a new pact with Britain and the United States could catalyze a nuclear arms race in the Indo-Pacific region
Dubai - Lebanese Prime Minister Najib Mikati said Iranian fuel shipments imported by the Hezbollah movement constitute a breach of Lebanon's sovereignty, according to comments published by his office
Tanger - The German Shipping line Hapag-Lloyd has announced it will set up a permanent base of operation in Morocco in a move to expand its global network. With additional personnel and new offices in the country, the company hopes to realize its growth ambitions
Seoul - Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has developed a technology to store carbon dioxide captured in ship engine emissions. The technology developed in cooperation with a local ship part supplier will help ships to reduce their carbon dioxide emissions
On Thursday, Australia said it would scrap the $ 40 billion deal with France's Naval Group to build a fleet of conventional submarines and would instead build at least eight nuclear-powered submarines with U.S. and British technology after striking a trilateral security partnership
Australia on Thursday said it would scrap the $40 billion deal with France's Naval Group to build a fleet of conventional submarines and would instead build at least eight nuclear-powered submarines with U.S. and British technology after striking a trilateral security partnership
He expects global trade volumes to grow 7%-8% this year compared with 2020. "We see very, very strong end-user demand combined with re-stocking and the fact that capacity in ports, warehouses and on ships is not fully utilized due to COVID-19"
Fast Corridors are made possible by both the customer and Terminal being Authorized Economic Operator (AEO) certified
MSC Seashore is the first Seaside EVO ship, an evolution of the game-changing and pioneering Seaside class joining sister ships MSC Seaside and MSC Seaview, which were launched in 2017 and 2018 respectively.
The hull, designed by Pieluigi Ausonio’ studio P.L.A.N.A., ensures perfect efficiency, helped by the vertical bow,and make it possible for Oasis 40M to reach atop speed of 18 knots
Karur - Logistics services major DP World will come up with fresh investments to the tune of around Rs 2,000 crore in Tamil Nadu, including setting up of a new container terminal, cold storage and sea food processing zone among other units. The other projects lined up include a free trade zone with an integrated rail siding, minor port in the Eastern Coast of Tamil Nadu and inland container depots in Erode, Karur and Tirupur
Kyiv - A senior U.S. envoy said on Saturday he had delivered reassurances to Ukraine and Poland on mitigating any threat posed by Russia's Nord Stream 2 gas pipeline, but that the project was now a "reality"
Santiago - A union at Chile's Cerro Colorado copper mine in Chile has struck a collective contract deal with mine operators BHP after five days of government-led mediation, the company said on Saturday in a statement
Chittagong - The Institute of Marine Technology (IMT) is going to be established in Chittagong for the first time here to develop skilled manpower for the shipbuilding industry. All are set to construct IMT on the bank of Karnafuli River, adjacent to Kalpalok residential area at Bakalia police station in the city. Land acquisition has already been completed in this regard
Milan - EU competition regulators on Friday gave the green light to a slimmed down successor to Alitalia and said the new state-owned airline was not liable for repaying 900 million euros ($1.1 billion) in illegal state aid received by its predecessor
Tehran - The Secretary of the Iranian Merchant Mariners Syndicate (IMMS) Saman Rezaei has said buying new ships and the renovation of the country’s existing maritime fleet is an important necessity for developing the maritime trade. “Older ships have higher depreciation and maintenance costs and lower safety” the portal of the Ports and Maritime Organization (PMO) quoted Rezaei as saying.
The United States has previously accused Russia of demanding that foreign vessels request permissions to pass in the Arctic region and requiring Russian maritime pilots to board the ships
Tripoli - Loading operations at the Libyan oil terminals of Es Sider and Ras Lanuf resumed on Friday after a stoppage, National Oil Corporation and two engineers at the ports said. Exports were still halted at a third terminal, Hariga, where people have blocked loading operations, an engineer there said. Libyan oil output has been over 1.3 million barrels per day for much of 2021