Friday, November 9, 2007

Toxic ship fumes kill many

Ships pumping out toxic diesel fumes kill tens of thousands of people in Europe, Asia and the United States each year reveals a study conducted by American Chemical Society.


As many as 60,000 people living in coastal communities along major shipping routes died from lung and heart complaints as a result of high sulphate emissions from ships in 2002, according to the report. With international maritime trade on the rise and little regulation of ship emissions, death toll could rise to as many as 82,000 by 2012, says the report.


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DCNS signs agreement for Russian submarines

French shipbuilding company DCNS has signed a contract with Russian shipbuilding science and research institute, providing technological cooperation in submarine design.


DCNS Company is known as designer of nuclear submarines of Barracuda type and diesel-electric submarines with anaerobic engine of Scorpene type. The contract on technological cooperation between Russia and France is the first one in the submarine field and suggests further cooperation in the military and technical sphere of two countries, launched by buying 90 French thermal imagers for Russian T-90 tanks.


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Seatrade honors maritime champions

Companies, organizations and individuals that have excelled high standards and quality in shipping issues were honored at the prestigious annual Seatrade Middle East and Indian Subcontinent Awards held in Dubai.


The Seatrade Outstanding Achievement Award went to Jamal Majid Bin Thaniah, Executive Vice Chairman of DP World Dubai and CEO, Ports and Free Zone World. The Seatrade Lifetime Achievement Award went to Sir C.P. Srivastava, former Secretary General of the International Maritime Organization.


Almost 60 companies and organizations were short-listed for the awards which recognize maritime safety and the environment, ship and port operations and efficiency, security and financing. The awards were presented at a high level gala dinner attended by around 800 senior executives of the region’s maritime and related industries that took place at the Al Johara Ballroom, Madinat Jumeirah, on 5th November 2007. The scheme celebrates and rewards excellence and innovation by individuals and organizations across the region over the previous 12 months said Chris Hayman, Chairman and Managing Director of Seatrade.


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COSCO Pacific buys 20% stake in Suez Canal terminal

COSCO Pacific Limited announced that it bought a 20% stake in Suez Canal Container Terminal S.A.E. from Egyptian International Container Terminal.


Suez Canal Container Terminal, located at the North end of the Suez Canal, is a part of the east port area of the Port Said. It lies on the shipping lanes of all the major lines to and from Asia or Europe to the Mediterranean Sea. The terminal has been put in operation since October 2004 and has a total area of about 600,000 square meters, four deep-water berths and a total quay length of 1,200 meters. The second phase of the terminal will make it's capacity to 5.1 million TEUs and the terminal is expected to achieve a throughput of 1.75 million TEUs in 2007.


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Drydocks World geared up to expand

Drydocks World, a subsidiary of Dubai World, has announced that it has successfully completed the setting up of a new group under its umbrella.


It is now firmly established as a leading and expanding international player in ship repair, conversion, new building and other marine related activities. Those in the group at present include Drydocks World Dubai, which is an amalgamation of Dubai Drydocks and Jadaf, Drydocks World Singapore, formerly Pan United Marine, Drydocks World Batam, a green field development in Indonesia, Platinum Yachts FZ and Platinum Yacht management. Hamed Bin Lahej, COO of Drydocks World, explained that the huge investment in Drydocks World Dubai will further establish Dubai as a major maritime hub. This ship repair, conversion and new building group will be able to service vessels of any shape or size from VLCC's, offshore structures right down to water taxis and privately owned pleasure craft.


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Govt clears OCT for Mumbai port

The government approved the development of Offshore Container Terminal (OCT) at Mumbai port with an estimated investment of Rs 1,228 crore.


The Cabinet Committee on Economic Affairs (CCEA) approved the development of offshore container terminal on BOT basis at Mumbai port, under license agreement to be entered into by Mumbai Port Trust (MbPT) with the BOT operator informed Finance Minister P Chidambaram. MbPT would enter into a licence agreement with a consortium of Gammon India, Gammon Infrastructure and Dragados SPL, Spain. The total cost of the OCT project is estimated at Rs 1,228 crore. The investment by the BOT operator would be Rs 862 crore and the investment by Port to carry out works under their scope would be Rs 366.39 crore.


The capacity addition due to implementation of this project would be Rs 9.6 million tonnes per annum. It would facilitate the Mumbai port to bridge the capacity gap in Mumbai region along with JNPT.


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