US Customs has begun talks with Pakistan on expanding a pilot program for 100 per cent screening of all US-bound containers at the port of Karachi.
The success of similar exercise at the nearby Port of Qasim is believed to have prompted the US authorities to initiate the talks for Karachi port. The Port of Qasim was one of the seven ports that the US Congress wanted included in the secure freight initiative project of the US Customs & Border Protection agency, which has submitted two reports suggesting that 100 per cent screening is possible only at ports with low volumes to the US. Port of Qasim is one such port and among others are Southampton and Puerto Cortes in Honduras. But at ports handling larger volumes for the US, taking X-rays and radiation readings of every container is not practical because of the expense and logistical challenges of setting up inspection zones in ports without disrupting normal cargo flows.
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Tuesday, August 26, 2008
Brilliant year for Dalian
China’s largest crude oil terminal Dalian Port Co. rose the most in five months in Hong Kong trading after boosting its first half profit by 70 percent.
Dalian rose as much as 9.1 percent to US 54cents and traded at US 52cents this morning before 11 am. The benchmark Hang Seng Index rose 2.7 percent. “Dalian Port’s profit growth will be sustainable if oil prices fall in the second half and oil imports rise at a fast pace,” Roslyn Ji an analyst from Core Pacific-Yamaichi International told, referring to the 44 percent of first-half sales from handling oil and liquefied chemicals. Dalian Port reported a net income increase of US$32.08 million late last week. Gross profit rose 13 percent to US$57.6 million.
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Dalian rose as much as 9.1 percent to US 54cents and traded at US 52cents this morning before 11 am. The benchmark Hang Seng Index rose 2.7 percent. “Dalian Port’s profit growth will be sustainable if oil prices fall in the second half and oil imports rise at a fast pace,” Roslyn Ji an analyst from Core Pacific-Yamaichi International told, referring to the 44 percent of first-half sales from handling oil and liquefied chemicals. Dalian Port reported a net income increase of US$32.08 million late last week. Gross profit rose 13 percent to US$57.6 million.
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Big maritime art show in Melbourne
The Mission to Seafarers Victoria will be once again hosting its annual ANL Maritime Art Prize competition and exhibition.
The exhibition promotes excellence in maritime and seafaring subjects in art. Over 100 works will be exhibited this year at the historic seafarers centre located in Docklands. Responding to the theme “The relationship between humanity and the sea”, the artists have created a collection comprising both contemporary and traditional artwork that will be available for public viewing. The Mission to Seafarers is an international mission of the Anglican Church which cares for the practical and spiritual welfare of seafarers of all nationalities and faiths. There are 230 Mission sites around the world and four centres in Victoria. Working round the year, chaplains, staff and other volunteers manage "drop-in" centres called Flying Angel Clubs in Melbourne, Portland, Geelong and Hastings that offer a safe and secure place where seafarers receive counselling and support. Approximately 1,000 seafarers a month rely on the services provided by the Mission and funding is predominately raised through the shipping industry’s support of events like the annual ANL Maritime Art Prize. Major Sponsors in 2008 are ANL, ASP Ship Management, Stolt-Nielsen and Wallenius Wilhelmsen.
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The exhibition promotes excellence in maritime and seafaring subjects in art. Over 100 works will be exhibited this year at the historic seafarers centre located in Docklands. Responding to the theme “The relationship between humanity and the sea”, the artists have created a collection comprising both contemporary and traditional artwork that will be available for public viewing. The Mission to Seafarers is an international mission of the Anglican Church which cares for the practical and spiritual welfare of seafarers of all nationalities and faiths. There are 230 Mission sites around the world and four centres in Victoria. Working round the year, chaplains, staff and other volunteers manage "drop-in" centres called Flying Angel Clubs in Melbourne, Portland, Geelong and Hastings that offer a safe and secure place where seafarers receive counselling and support. Approximately 1,000 seafarers a month rely on the services provided by the Mission and funding is predominately raised through the shipping industry’s support of events like the annual ANL Maritime Art Prize. Major Sponsors in 2008 are ANL, ASP Ship Management, Stolt-Nielsen and Wallenius Wilhelmsen.
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ArcelorMittal invests $850m in Brazilian mine and port
London: Indian-born Lakshmi Mittal has signed an $850.5m agreement that will see the world's biggest steelmaker ArcelorMittal, acquire an iron-ore mine and develop a port in Brazil.
ArcelorMittal, which stated that it will pay London Mining Plc about $810m for the mine, may invest up to $700m to raise output to more than 10m tons per year from its current production of approximately 3m tonnes. The company added that it will also take an 80% stake in a port in Rio de Janeiro for $40.5m and will develop the facility with Canada's Adriana Resources Inc. The development of the port in Sepetiba Bay to handle the increased export volumes is expected to cost about $250m. Construction is slated to start in the final quarter of 2008 and is expected to take between 18 months and two years to complete, with further expansion on the cards in the following five years. The move would not only help expand ArcelorMittal's raw-material supplies at a time when prices of iron ore and coal are extremely high, but the port link would also help the company increase its self sufficiency.
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ArcelorMittal, which stated that it will pay London Mining Plc about $810m for the mine, may invest up to $700m to raise output to more than 10m tons per year from its current production of approximately 3m tonnes. The company added that it will also take an 80% stake in a port in Rio de Janeiro for $40.5m and will develop the facility with Canada's Adriana Resources Inc. The development of the port in Sepetiba Bay to handle the increased export volumes is expected to cost about $250m. Construction is slated to start in the final quarter of 2008 and is expected to take between 18 months and two years to complete, with further expansion on the cards in the following five years. The move would not only help expand ArcelorMittal's raw-material supplies at a time when prices of iron ore and coal are extremely high, but the port link would also help the company increase its self sufficiency.
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Indian government urged to ratify new maritime convention
India, one of the emerging maritime nations of the world and the biggest contributor to manpower to shipping worldwide, should speed up the process of ratifying Maritime Labour Convention 2006 to take maximum advantage of it.
MLC 2006 is the new international agreement that consolidates almost all of the 70 existing international Labour Organisation (ILO) maritime labour instruments in a single modern globally applicable legal document. It establishes comprehensive minimum requirements for almost all aspects of working conditions for seafarers. It also combines rights and principles with specific standards and detailed guidance as to how to implement these standards at the national level. The new convention will come into force 12 months after ratification by at least 30 ILO member countries with a total share of at least 33 per cent of the world's gross tonnage of ships. Already the convention has been ratified by more than 3 countries like Bahamas representing about 20 per cent of the world's tonnage. According to ILO observers, many of the countries in Europe and Asia are fast progressing towards ratifying it.
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MLC 2006 is the new international agreement that consolidates almost all of the 70 existing international Labour Organisation (ILO) maritime labour instruments in a single modern globally applicable legal document. It establishes comprehensive minimum requirements for almost all aspects of working conditions for seafarers. It also combines rights and principles with specific standards and detailed guidance as to how to implement these standards at the national level. The new convention will come into force 12 months after ratification by at least 30 ILO member countries with a total share of at least 33 per cent of the world's gross tonnage of ships. Already the convention has been ratified by more than 3 countries like Bahamas representing about 20 per cent of the world's tonnage. According to ILO observers, many of the countries in Europe and Asia are fast progressing towards ratifying it.
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