Aatash Norcontrol Ltd., an Indian joint venture between Kongsberg Norcontrol IT AS and Aatash Coputers Ltd., has signed a BOOT (Build, Own, Operate and Transfer) contract with the
The agreement, which is exclusive for 30 years, is for the provision of surveillance and information regarding all vessel traffic to and from existing and future ports in the
In recent years, Gujarat has emerged as a major destination for development of ports and port-based facilities catering to the needs of the vast hinterlands of north and central
STX Shipbuilding Co., the world's seventh-largest shipbuilder, said it has won a US$30 million order from a Chinese shipping company to build a handy-size bulk carrier.
The order placed by Taizhou Maple Leaf Shipbuilding Co. calls for the South Korean shipyard to deliver the carrier by 2010, STX Shipbuilding said in a regulatory filing.
Dutch dredging firm Royal Boskalis Westminster and its South Korean partner Hyundai have won a 1.1 billion euro contract from Abu Dhabi Ports Company (ADPC) for the first phase of the new
The project will be executed in four-and-a-half years starting October 2007. Boskalis said it will carry out the work in partnership with its subsidiary Archirodon and Hyundai. The Dutch firm's share of the deal is about 670 million euros. The port is part of the
The giant
In a season of record summer melting in the region, the two chunks have moved rapidly through the water - one of them covering 98km in a week. Their progress has been tracked amid fears they could edge west towards oil and gas installations off
The US National Snow and Ice Data Center (NSIDC) said the minimum extent of 4.13 million sq km was reached on 16 September. The figure shattered all previous satellite surveys, including the previous record low of 5.32 million sq km measured in 2005.
Samudera Shipping Line Ltd says it has entered into an agreement to purchase two container vessels for a total of US$83 million.
The vessels, to be built by Guangzhou Wenchong in south
The building of the Eurasia International Container Terminal, which is port of Tianjin's new terminal with an annual capacity of 1.7 million TEU, has commenced, reports media.
The CNY3.6-billion project is jointly invested by Tianjin Port Development Holdings, APM Terminals and Cosco Pacific, consisting of two 100,000-ton berths and one 70,000-ton berths. It has a quay length of 1,100 metres. The facility is expected to become operational by 2008. According to Tian Changsong, vice president of Tianjin Port Group, annual throughput will surpass seven million TEU or 300 million tons by the end of this year.
