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India: Container volumes to stay muted on subdued export-import ambience
Growth in container trade operator (CTO) volumes is expected to remain muted in this fiscal on account of subdued export-import trade environment.
A report by ratings agency Icra shows that the overall CTO volumes recorded some improvement during Q2 of FY20. However, the overall outlook is poised to stay bleak.Posted On:2-Jan-2020
Credits: www.bunkerportsnews.com |
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Abu Dhabi Ports recognised by International Innovation Think Tank
Abu Dhabi Ports has recently been awarded with the Innovative Organisation Level 3 Certification by Global Innovation Management Institute, GIMI. The Certification was conferred by the Boston-based think tank during its annual conference, which took place in Colombia recently.Posted On:2-Jan-2020
Credits: www.bunkerportsnews.com |
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Seaports the bright spot for transport sector
AmInvestment Research sees the seaport segment as the bright spot for the transportation sector, forecasting a container volume growth of 4% to 5%.
It said the prospects of airlines and airport operators are favourable, backed by tourist arrivals projected to reach 30 million in 2020.Posted On:2-Jan-2020
Credits: www.bunkerportsnews.com |
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IMO 2020 set to boost Fujairah s bunker industry
A century after the shipping industry moved from coal to oil as its primary energy source, another change on the same scale is now under way - one prompted this time by a change in environmental regulations. The shift could provide a significant boost to the status of the UAE s East Coast Port of Fujairah as a global oil hub.Posted On:2-Jan-2020
Credits: www.bunkerportsnews.com |
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Boxship Fully Operational After Allision with Shore Pier in Bosphorus
Songa Iridium, a containership that ran aground in the Bosphorus Strait in Istanbul on December 27, is now fully operational following engine repairs and a damage assessment.
This was confirmed by Germany-based shipmanager Nordic Hamburg Shipmanagement which added that the 2,007 TEU Sub Panamax vessel is expected to depart an Istanbul anchorage shortly.Posted On:2-Jan-2020
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Korean fishing vessel sank after collision with Russian reefer, Japan sea
Russian reefer SUBARU collided with Korean 28-ton fishing vessel SE of Pohang, South Korea, Japan sea, at around 0615 UTC Dec 31, fishing vessel sank. Reefer didn t sail away, responding to accidents and taking part in SAR. All 12 crew of Korean fishing vessel were rescued, by reefer according to Russian sources, by Korean fishing vessel which was nearby, by Korean sources.Posted On:2-Jan-2020
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Dockers refuse to offload bulk carrier fearing mass explosion
Bulk carrier LINTAN arrived at Szczecin Poland on Dec 18, and is still berthed, unable to offload its cargo of zinc concentrate, loaded in Salalah Oman. Zinc concentrate shipments are quite regular in Szczecin, for years, but this time it s different, dockers refused to offload bulk carrier, fearing a mass explosion, according to Wyborcza.pl report.Posted On:2-Jan-2020
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