Shanghai Homeport for New Cruise Ship
Shanghai Wusongkou International Cruise Terminal will be the home port for Costa Victoria, which will provide 33 itineraries a year, making Costa Cruises the biggest international operator at the terminal. With the explicit support and encouragement from the Chinese government Costa Cruises has been running cruises from Shanghai since 2006. At the end of this year it’s estimated that Costa will have operated more than 300 cruises and holidayed over 300,000 people from China.
Charleston Receives First Heavy Lifts for Nuclear Plant
The high, wide and heavy cargo arrived at Charleston's Columbus Street Terminal, and is being shipped to the South Carolina Electric & Gas Company's (SCE&G) nuclear…
China's Tianjin Port & Singapore PSA to Collaborate
So far, PSA has invested in two of the port's container terminals, namely Tianjin Port Pacific International Container Terminal (TPCT) and Tianjin Port Alliance…
Chinese Mega Ports Increased in Number in 2011
The number of such ports was 22 in 2010, and 12 in 2006. Among the 26 100-million-ton handling capacity ports, 17 are costal and nine are inland, said a statistical bulletin…
Record Oil Prices to Come – Iran Minister
"We must pay close attention when we speak of oil revenues and sanctions against oil sales, who are the winners and the losers of such sanctions?" Shamseddin Hosseini…
Maersk Hikes Latin America Freight Rate 30%
According to 'Newsroom Panama' the increase, announced May 17, is ascribed to high fuel costs, the price of steel, ports, and containers. In the last five years oil prices have increased by 250%, while Maersk Line rates have dropped over 10% in Latin America compared to its competition, said Robbert Jan van Trooijen, manager of Maersk Line for Latin America. Although Maersk is one of the main users of the [Panama] Canal…
Danish Sailors Rescued 650 Miles NE of Bermuda
Watchstanders at the Coast Guard 5th District command center coordinated a rescue approximately 650 miles northeast of Bermuda with the assistance of the Joint…
Russian Navy to Join RIMPAC Exercises
A Pacific Fleet task unit comprising destroyer Admiral Panteleyev, tanker Boris Butoma, and seagoing rescue tug Fotiy Krylov will leave Vladivostok in June and set a course for Hawaii. According to the exercise scenario, it is planned to practice interaction amid naval assets from numerous countries. The RIMPAC exercise has been held every two years since 1971. The first exercise was attended by ships of the US…
Russia Floats Out Large Landing Warship
The $160-million vessel has a displacement of about 6,000 tons and will be able to carry up to 13 main battle tanks or 36 armored personnel carriers or 300 naval infantry troops. Along with Mistral-class amphibious ships being built in France, Ivan Gren class ships will form the core of the Russian Navy's landing forces. The construction of the landing ship Ivan Gren started in 2004, but has been delayed due to the lack of financing and skilled workers.
Renewable Energy Insurance Suite Launched
IRCM, have launched a new product 
range aimed at the Renewable Energy Market. Available as both a wholesale and 
retail facility the product suite delivers insurance programmes to the Solar…
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