Sinotrans, one of the leading Chinese tanker owners, has set its sights on merging with China Yangtze (Changjiang) Transportation (CSC).
The merger of two companies would form the second largest shipping organization in China after COSCO. However, Sinotrans is required to first seek approval from the Central Government's State Council State Assets Committee for the proposed merger. CSC's large shipping division focuses on the international trade in oil, containers and bulk. It also offers logistics services related to its shipping operations. It has a strong presence in the Yangtze River Delta, which is regarded as especially important, given the Chinese government's policy to develop the economy of the area. Sinotrans revenue from its main businesses in 2007 totalled US$8.44 billion and the group is targeting a revenue of US$11-14 billion in 2010.
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Wednesday, July 23, 2008
OOCL launches Indian Subcontinent East Coast Express Service (IEX)
OOCL is pleased to announce the launch of its new Indian Subcontinent East Coast Express (IEX) connecting India and Pakistan to the US East Coast.
This direct weekly service is in response to customers’ increased demands for a quality service to and from this fast-growing market, and to provide additional capacity from the US East Coast to India, Pakistan and Jeddah. The IEX service will commence in Week 32, with an estimated departure date from Karachi on Aug 8, 2008. The service will have a fixed weekly schedule with the following port rotation like Karachi, Nhava Sheva, Mundra, Damietta, New York, Norfolk, Charleston, Port Said, Jeddah and Karachi. Orient Overseas Container Line (OOCL) is a wholly-owned subsidiary of Hong Kong Stock Exchange-listed Orient Overseas (International) Ltd. Headquartered in Hong Kong, OOCL is one of the world's leading container transport and logistics service providers, with more than 280 offices in 58 countries. Linking Asia, Europe, North America, the Mediterranean, the Indian Subcontinent, the Middle East and Australia/New Zealand, the company offers transportation services to all major east/west trading economies of the world. OOCL is one of the leading international carriers serving China, providing a full range of logistics and transportation services throughout the country.
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This direct weekly service is in response to customers’ increased demands for a quality service to and from this fast-growing market, and to provide additional capacity from the US East Coast to India, Pakistan and Jeddah. The IEX service will commence in Week 32, with an estimated departure date from Karachi on Aug 8, 2008. The service will have a fixed weekly schedule with the following port rotation like Karachi, Nhava Sheva, Mundra, Damietta, New York, Norfolk, Charleston, Port Said, Jeddah and Karachi. Orient Overseas Container Line (OOCL) is a wholly-owned subsidiary of Hong Kong Stock Exchange-listed Orient Overseas (International) Ltd. Headquartered in Hong Kong, OOCL is one of the world's leading container transport and logistics service providers, with more than 280 offices in 58 countries. Linking Asia, Europe, North America, the Mediterranean, the Indian Subcontinent, the Middle East and Australia/New Zealand, the company offers transportation services to all major east/west trading economies of the world. OOCL is one of the leading international carriers serving China, providing a full range of logistics and transportation services throughout the country.
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Kerala planning to invest Rs120b to develop ports
Kerala government will be investing Rs.120 billion for developing ports in the maritime state within the next three years.
Disclosing this in response to questions in the state assembly yesterday, Ports Minister M Vijayakumar said the investments would be made with the participation of private parties. He said the state government had plans to set up a maritime board for the comprehensive development of the ports. The ports to be developed under the project include Azheekal, Kottayam and Beypore. Detailed project reports are already in place in respect of Azhikkal and Beypore ports and the government is in search for consultants to implement the project. The federal government has included Azhikkal port in its National Maritime Development Programme (NMDP). The port is proposed to be developed to the maximum possible capacity in phases and on modular basis at an investment of Rs.20 billion. The Beypore port, which is the second biggest in the state after Cochin port, is proposed to be developed as an all-weather port through public-private partnership. The port now handles around 100, 000 tonnes of cargo annually. The ports are being developed under the government's attempt to make Kerala a port state. With a coastline of around 590 km, Kerala has 17 intermediate and minor ports. The major port of Cochin is under the Ministry of Shipping, Government of India while the intermediate and minor ports are under the administration of the Government of Kerala.
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Disclosing this in response to questions in the state assembly yesterday, Ports Minister M Vijayakumar said the investments would be made with the participation of private parties. He said the state government had plans to set up a maritime board for the comprehensive development of the ports. The ports to be developed under the project include Azheekal, Kottayam and Beypore. Detailed project reports are already in place in respect of Azhikkal and Beypore ports and the government is in search for consultants to implement the project. The federal government has included Azhikkal port in its National Maritime Development Programme (NMDP). The port is proposed to be developed to the maximum possible capacity in phases and on modular basis at an investment of Rs.20 billion. The Beypore port, which is the second biggest in the state after Cochin port, is proposed to be developed as an all-weather port through public-private partnership. The port now handles around 100, 000 tonnes of cargo annually. The ports are being developed under the government's attempt to make Kerala a port state. With a coastline of around 590 km, Kerala has 17 intermediate and minor ports. The major port of Cochin is under the Ministry of Shipping, Government of India while the intermediate and minor ports are under the administration of the Government of Kerala.
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Strong protests from shipping world at unfair detention of seafarers in Korea
A strong statement in support of the Hebei Spirit officers being held in Korea was made yesterday by the Round Table of international shipping associations, the ITF, the International Group of P&I Clubs and the Hong Kong Shipowners' Association.
The statement issues a vigorous joint protest at the continuing unjust and unreasonable detention of two merchant ships' officers from the tanker Hebei Spirit , who were recently acquitted by a South Korean court as being innocent of all charges of violating the nation's ocean pollution law following last year's oil spill when a floating crane collided with the Hebei Spirit. "We - the Round Table of international shipping associations (BIMCO, International Chamber of Shipping (ICS), International Shipping Federation (ISF), INTERCARGO and INTERTANKO), the International Transport Workers' Federation (ITF), the International Group of P&I Clubs (IG), and the Hong Kong Shipowners' Association - wish to convey to the government and authorities of the Republic of Korea our surprise, disappointment and great concern at the news that Korea's courts have determined to continue to detain the ship's officers, despite their acquittal, for possibly as long a year pending further hearings. Such measures appear to be unjustified, unreasonable and in contravention of the men's rights. We strongly believe that they should be permitted to leave the country," the group said in a statement. "We appeal to the Government of the Republic of Korea to take the necessary action to ensure that the seafarers are immediately permitted to return to their homes," the group concluded.
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The statement issues a vigorous joint protest at the continuing unjust and unreasonable detention of two merchant ships' officers from the tanker Hebei Spirit , who were recently acquitted by a South Korean court as being innocent of all charges of violating the nation's ocean pollution law following last year's oil spill when a floating crane collided with the Hebei Spirit. "We - the Round Table of international shipping associations (BIMCO, International Chamber of Shipping (ICS), International Shipping Federation (ISF), INTERCARGO and INTERTANKO), the International Transport Workers' Federation (ITF), the International Group of P&I Clubs (IG), and the Hong Kong Shipowners' Association - wish to convey to the government and authorities of the Republic of Korea our surprise, disappointment and great concern at the news that Korea's courts have determined to continue to detain the ship's officers, despite their acquittal, for possibly as long a year pending further hearings. Such measures appear to be unjustified, unreasonable and in contravention of the men's rights. We strongly believe that they should be permitted to leave the country," the group said in a statement. "We appeal to the Government of the Republic of Korea to take the necessary action to ensure that the seafarers are immediately permitted to return to their homes," the group concluded.
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Shipping Australia rejects proposal to cease container shipping in Fremantle Inner Harbour
“Shipping Australia would urge the Opposition in Western Australia to rethink its announced policy of a strategic relocation of significant port operations out of Fremantle”, said CEO of Shipping Australia Limited, Llew Russell.
“SAL members believe that the economic prosperity of Western Australia will only be enhanced by Fremantle Ports’ current project to deepen and expand the Inner Harbour and this work should be progressed as quickly as possible. “This is not to say that in due course, there will definitely be an important role for Fremantle Ports to expand port facilities at Kwinana to take additional trade from the Inner Harbour when it reaches capacity in about 2015. “Irrespective of that the Inner Harbour will continue to be needed, with future trade being handled from both sites operating in tandem” he said. Mr Russell pointed out that it would not be economically viable to move virtually all heavy port operations to Kwinana as suggested, as it would cost an estimated US$4.89 to US$9.7 billion to replace the deep water port infrastructure built at Fremantle Inner Harbour over the past 110 years. This would include costs involved in the early termination of leases at Rous Head and the container terminals, involving compensation, relocation and rebuilding.
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“SAL members believe that the economic prosperity of Western Australia will only be enhanced by Fremantle Ports’ current project to deepen and expand the Inner Harbour and this work should be progressed as quickly as possible. “This is not to say that in due course, there will definitely be an important role for Fremantle Ports to expand port facilities at Kwinana to take additional trade from the Inner Harbour when it reaches capacity in about 2015. “Irrespective of that the Inner Harbour will continue to be needed, with future trade being handled from both sites operating in tandem” he said. Mr Russell pointed out that it would not be economically viable to move virtually all heavy port operations to Kwinana as suggested, as it would cost an estimated US$4.89 to US$9.7 billion to replace the deep water port infrastructure built at Fremantle Inner Harbour over the past 110 years. This would include costs involved in the early termination of leases at Rous Head and the container terminals, involving compensation, relocation and rebuilding.
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Kerala mulls passenger ship service to the Gulf
Kerala Chief Minister V. S. Achutanandan told the state assembly that the government was exploring the possibility of resuming passenger ship service to Gulf countries from the state.
Keralites working in Gulf countries have been demanding the ship service, as many of them are not able to afford the airfare. We will look into the demand,’’ he said in a written reply. The Chief Minister pointed out that a company had operated passenger cruises from Dubai to Cochin during 2001-02. They discontinued the service after it ran up huge losses.
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Keralites working in Gulf countries have been demanding the ship service, as many of them are not able to afford the airfare. We will look into the demand,’’ he said in a written reply. The Chief Minister pointed out that a company had operated passenger cruises from Dubai to Cochin during 2001-02. They discontinued the service after it ran up huge losses.
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