Gulftainer, Sharjah’s leading port management firm announced that its Khorfakkan Container Terminal received the ‘Hyundai Brave’.
The impressive 8,600 TEU, 339 metre-long, 99,000 DWT ship is the first of the new ships that were recently introduced by Hyundai Merchant Marine (HMM) into the French Asia Line (FAL) Europe/ Asia service operated by CMA–CGM. KCT is one of the world's leading container transhipment ports. It is strategically located on Sharjah's Indian Ocean coast, outside the sensitive Straits of Hormuz and close to the main east-west shipping routes. As one of the giants of Korean and world business, HMM is strongly represented in the Gulf region, and welcoming the ‘Hyundai Brave’ was an important occasion for KCT, which had to ensure that operational performance was up to the usual high standards and that the ship was handled quickly and effectively to keep her on schedule. This was particularly important as the container shipping industry is currently concerned about rising levels of port congestion throughout the Middle East and globally. KCT rose to the challenge, achieving the excellent productivity figures of 155 moves per hour, allowing the ship to depart on schedule for the Far East. KCT is an ideal transhipment hub port with numerous feeder ship connections to Gulf Ports, Iran, India, Pakistan and East Africa.
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Monday, September 1, 2008
Dubai World, companies join forces to strengthen ties with community
Ramadan Tent reflects true spirit of Holy Month, group’s care for traditional values: Proceeds to go to charity.
Dubai World, along with its flagship companies DP World, Economic Zones World, Istithmar World, Nakheel and Dubai Maritime City, today announced the setting up of a Ramadan Tent at Tamani Hotel at the Dubai Marina with the aim of raising funds for charity. The tent and its activities are in line with the leading global investment group’s commitment to humanity and its policy of respecting tradition and culture. The tent, which will cater to the entire Dubai World family, including employees from all its group companies, will host a variety of cultural, and entertainment activities and contests aimed at encouraging inter-company social interaction at all levels. The tent will also be open to the general public. Proceeds from the tent will be donated to various charity organisations. Farid Mohammed Ahmed, Secretary General of Dubai World said: “The Ramadan Tent is the expression of Dubai World’s commitment to culture and tradition and to encourage congeniality among employees from our various companies. The funds we intend to raise for charity underline our commitment to social welfare. Dubai World considers it its moral responsibility to help and support the needy. Even as the Group achieves bigger goals, Dubai World and its companies realise that their roots are running deep in our traditions. The tent will reflect this vision.”
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Dubai World, along with its flagship companies DP World, Economic Zones World, Istithmar World, Nakheel and Dubai Maritime City, today announced the setting up of a Ramadan Tent at Tamani Hotel at the Dubai Marina with the aim of raising funds for charity. The tent and its activities are in line with the leading global investment group’s commitment to humanity and its policy of respecting tradition and culture. The tent, which will cater to the entire Dubai World family, including employees from all its group companies, will host a variety of cultural, and entertainment activities and contests aimed at encouraging inter-company social interaction at all levels. The tent will also be open to the general public. Proceeds from the tent will be donated to various charity organisations. Farid Mohammed Ahmed, Secretary General of Dubai World said: “The Ramadan Tent is the expression of Dubai World’s commitment to culture and tradition and to encourage congeniality among employees from our various companies. The funds we intend to raise for charity underline our commitment to social welfare. Dubai World considers it its moral responsibility to help and support the needy. Even as the Group achieves bigger goals, Dubai World and its companies realise that their roots are running deep in our traditions. The tent will reflect this vision.”
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Mosaic strikes with Taylor-19
Australia’s Mosaic Oil is primed to complete the Taylor-19 development well in Queensland’s Surat basin for production after hitting 3.6 metres of net gas/condensate pay with a potential new pool gas discovery of 18 metres net pay.
The well in licence PL-16, which Mosaic holds 100% interest, reached a depth of 2055 metres. Wireline log and pressure data showed the well encountered 3.6 metres of net/gas condensate pay in the primary target show ground sandstone formation over an interval from 2008 metres to 2012 metres. The results have confirmed the presence of interpreted attic gas/condensate reserves up dip from the Taylor-16 oil and gas producer. Moreover, the well has hit 18 metres net pay of sandstone reservoir with elevated gas readings, while drilling of up to 1413 units within the Moolayember formation from 1917 metres to 1940 metres. Although the interpretation of wireline log and pressure survey data is inconclusive at this stage, the zone is potentially gas charged, Mosaic said. Mosaic expects the well will be completed for production over the next two weeks.
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The well in licence PL-16, which Mosaic holds 100% interest, reached a depth of 2055 metres. Wireline log and pressure data showed the well encountered 3.6 metres of net/gas condensate pay in the primary target show ground sandstone formation over an interval from 2008 metres to 2012 metres. The results have confirmed the presence of interpreted attic gas/condensate reserves up dip from the Taylor-16 oil and gas producer. Moreover, the well has hit 18 metres net pay of sandstone reservoir with elevated gas readings, while drilling of up to 1413 units within the Moolayember formation from 1917 metres to 1940 metres. Although the interpretation of wireline log and pressure survey data is inconclusive at this stage, the zone is potentially gas charged, Mosaic said. Mosaic expects the well will be completed for production over the next two weeks.
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Princess of the Stars inquiry may result in criminal prosecution for Sulpicio Lines
Philippine prosecutors may file criminal charges and civil charges against the officers of Sulpicio Lines for negligence resulting in multiple homicide and serious physical injury for the 800 deaths when it’s ‘Princess of the Stars’ ferry sank during a typhoon.
A special panel of prosecutors was examining an official investigation by the Board of Marine Inquiry that concluded that the ship's captain was at fault for the ferry capsizing. Sulpicio Lines has been given 30 days to appeal the findings and recommendations of the inquiry, which has concluded that that human error caused the sinking of the passenger ferry. The inquiry has pointed the finger of blame in the direction of missing (and presumed dead) ferry captain Florencio Marimon Sr, said to have miscalculated the risks of the voyage to Cebu at the height of typhoon Frank. In its findings, the BMI has also held Sulpicio Lines liable for failing to stop its captain from sailing despite bad weather conditions and has recommended the suspension of Sulpicio Lines' franchise Sulpicio vessels account for about 30% of the country's merchant marine fleet and stopping them from sailing could trigger a shipping shortage.
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A special panel of prosecutors was examining an official investigation by the Board of Marine Inquiry that concluded that the ship's captain was at fault for the ferry capsizing. Sulpicio Lines has been given 30 days to appeal the findings and recommendations of the inquiry, which has concluded that that human error caused the sinking of the passenger ferry. The inquiry has pointed the finger of blame in the direction of missing (and presumed dead) ferry captain Florencio Marimon Sr, said to have miscalculated the risks of the voyage to Cebu at the height of typhoon Frank. In its findings, the BMI has also held Sulpicio Lines liable for failing to stop its captain from sailing despite bad weather conditions and has recommended the suspension of Sulpicio Lines' franchise Sulpicio vessels account for about 30% of the country's merchant marine fleet and stopping them from sailing could trigger a shipping shortage.
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Mumbai Port offshore container terminal to complete by 2010
The license agreement between the Mumbai Port Trust and the promoters of Indira Container Terminal has been signed for the construction of the INR 1,228 crore offshore container terminals on BOT basis.
The preparatory work for the project has already been started. The ports contribution to the project will amount to INR 366 crore covering the cost of dredging, filling up of Princess and Victoria docks to create container storage space and laying of 3 railway tracks to facilitate construction of rail container depots. As per the report, Rail & road connectivity projects namely, Vadala-Kurla dedicated rail freight corridor project and Eastern Express Freeway project will also be part of the container terminal to help faster movement of traffic into and out of the port. The port authorities will be required to resettle and rehabilitate about 3,000 slum dwellers before the work on the dedicated railway freight corridor can be taken up by the Central Railway. The completion of the both rail and road projects is to coincide with the completion of the offshore container terminal project in December 2010.
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The preparatory work for the project has already been started. The ports contribution to the project will amount to INR 366 crore covering the cost of dredging, filling up of Princess and Victoria docks to create container storage space and laying of 3 railway tracks to facilitate construction of rail container depots. As per the report, Rail & road connectivity projects namely, Vadala-Kurla dedicated rail freight corridor project and Eastern Express Freeway project will also be part of the container terminal to help faster movement of traffic into and out of the port. The port authorities will be required to resettle and rehabilitate about 3,000 slum dwellers before the work on the dedicated railway freight corridor can be taken up by the Central Railway. The completion of the both rail and road projects is to coincide with the completion of the offshore container terminal project in December 2010.
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