ON THE ROAD
Shanghai Shipping Exchange launched on Wednesday the "Belt and Road" shipping indices, tracking trade data and shipping freight rates under the initiatives of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, reported China Securities Journal. The indices, with January 2015 used as the base period, will be released on the last Monday of every month. The Belt and Road Freight Trade Index (SRFTI), is designed to track the volume and value of international trade between China and 66 countries along the Belt and Road, which are in Asia, North Africa, Europe, and Oceania, a statement of SSE said. The Maritime Silk Road Freight Index (MSRFI), tracks the shipping freight rates of imported and exported containerised cargoes, imported dry bulk cargoes, and imported crude oil.
China's $40 billion fund to finance its most ambitious global plan - the Silk Roads and Maritime Silk Road is moving forward steadily as its management team has taken shape. China has appointed top officials to manage the fund. A team headed by Wang Yanzhi, an official with China's foreign exchange regulator, has been formed to formally operate the fund. People's Bank of China (PBOC) assistant governor Jin Qi will be the fund's chief executive and Zhu Surong
The Coast Guard the U.S. Navy opened the Hampton Roads Sector Command – Joint Harbor Operations Center (SCC-JHOC) on March 24. The SCC-JHOC combines detection capability and command and control functions of Coast Guard and Navy entities within the Port of Hampton Roads. The mission of the Coast Guard and Navy personnel is to detect, monitor, and track vessel movements, critical port infrastructure, and militarily essential waterways in the port area
Governor Bob McDonnell announced today that the Bay Coast Railroad Car Barge will resume service next week as a result of a partnership between the Commonwealth, area localities, and the Bay Coast Railroad. The barge, which was removed from service last year, provides connecting service between the Virginia’s Eastern Shore and Norfolk/Virginia Beach. Last year, the Bay Coast Railroad suspended service on the barge when it identified $1 million in structural deficiencies critical to
The port informs that its meeting no. 3 of fiscal year 2013-2014 is to be held on Thursday, September 26, 2013, 11:00 a.m. in the main auditorium at 1350 Port of New Orleans Place, New Orleans, Louisiana. The order of the meeting is as follows: I. Determination of Quorum and Call to Order II. Pledge of Allegiance III. Approval of Minutes for August, 2013, Meetings IV. Acceptance of Financial Statement for August, 2013 V. Public Comment VI. Actions Required
China has expressed its readiness to work with India to link its ambitious Maritime Silk Road plans with India's 'Mausam' project in a bid to address New Delhi's strategic concerns and derive "common benefits", reports PTI. Ever since the "One Belt and One Road" initiative to revive the ancient Silk Road and Maritime Silk Roads (MSR) was mapped out by Chinese President Xi Jinping, India has been showing vacillation and hesitations over whether to join the
The car ferry Venus, which recently entered traffic, is the Swedish Road Administration’s most modern ferry and the first in a series with a distinct environmental profile. The propulsion engines onboard are modern Volvo Penta low-emission engines equipped with catalytic converters and particle filters. The high efficiency of the engines results in low fuel consumption and good performance. The Road Administration’s ferry unit, with slightly more than 60 ships
The Coast Guard's Rescue 21 Acquisition Project will hold an acceptance ceremony and demonstration at Coast Guard Sector Hampton Roads. Rescue 21 is the Coast Guard's critical command, control and communications acquisition project, offering cutting edge technology to mariners nationwide. The system is the backbone of the National Maritime Distress and Response System, a maritime version of 911 that allows the boating public
The U.S. Coast Guard is seeking applications for membership on the Navigation Safety Advisory Council (NAVSAC). NAVSAC provides advice and makes recommendations to the Secretary of the Department of Homeland Security on issues related to the prevention of collisions, rammings and groundings, including, but not limited to Inland and International Rules of the Road, navigation regulations and equipment, routing measures, marine information, diving safety and aids to navigation systems.
Due to operational constraints, CMA CGM informs its customers that the rail service from Dakar (Senegal) to Bamako (Mali) is suspended until further notice. In order to ensure service continuity, CMA CGM reminds that road service remains available from Dakar to Bamako in 13 days. Please note that road transport is subject to a governmental fee, "Fonds de Garantie Routier" which is payable by the shipper.
International delegation in Malmö discussed future transport systems for European Ports Discussions surrounding future transport systems were in focus when Pat Cox, European Coordinator for the ScanMed Core Network Corridor, visited Copenhagen Malmö Port on Monday.
The Port of Felixstowe has confirmed that it will offer a container weighing service to ensure UK shippers are able to comply with new international regulations that will come into effect on 1 July 2016. Commenting on the new service, Stephen Abraham
Townsville contractor CivilPlus Constructions has been awarded the design and construct tender for the primary wharf works component of Port of Townsville’s $55 million Berth 4 Upgrade project. Treasurer Curtis Pitt said the announcement was great news for the Townsville economy.
Brazil's Tiete-Parana waterway, a key transport corridor for soybeans, corn, cellulose, fertilizer and other agricultural products, has reopened after a 20-month closure due to drought and the use of water for electricity, the Estado de S. Paulo newspaper reported late Tuesday.
Mumbai Port Trust commissioned its second Liquid Chemical Berth at Pir Pau on January 13th 2016. The facility was inaugurated by the Union Minister of Shipping, Road Transport and Highways, Nitin Gadkari. The second Chemical Berth is a modern state-of-the-art facility with four
Freight volumes in the United States have fallen year on year for the first time since 2012 and before that the recession of 2009, according to the Bureau of Transportation Statistics. The total volume of freight moved by road, rail, pipeline
Russian Maritime Register of Shipping (RS) has issued Certificates of approval for tank containers made of polymer composite materials (PCM) intended for transportation of aggressive media. The manufacturers of tank containers are JSC “Research and production corporation
Fueled by liquefied natural gas, the Perla Del Caribe will join its sister ship, the Isla Bella, as the greenest containerships in the world. U.S. shipbuilder General Dynamics NASSCO today delivered the world’s second containership to be operated by liquefied natural gas (LNG)
Samskip has expanded its shortsea service network in Norway with Kristiansund and Molde by adding Gjemnes as its 10th port of call. The multimodal solution provider describes the move as its latest strategic step to intensify Samskip’s presence in the Nordic region and enhance
Shin Yang Shipping Corp Bhd (Syscorp) has shifted the focus of its container shipping business to domestic routes in the face of continued volatility in the international container shipping market, reports the Star. The leading Malaysian shipping company has realigned its focus to
1848 - The Treaty of Guadalupe Hidalgo ends the Mexican-American War and establishes the boundaries between the two republics. 1862 - Capt. David G. Farragut, commander of his flagship, the screw sloop of war Hartford, departs Hampton Roads for Ship Island, Miss
Kolkata, 3rd Feb, 2016: Industry leaders, corporate heads, policy makers and senior executives took part in the very first road show which served as a run up to the Maritime India Summit’16. Maritime India Summit is being organized by the Ministry of Shipping at Bombay Convention and
Antwerp Port Authority today made a partnership agreement with the Industrial and Commercial Bank of China (ICBC). The Memorandum of Understanding was signed last week at the official opening of the ICBC’s Antwerp branch in Brasschaat Castle
China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said
Edison Chouest Offshore locating shipbuilding operations, TopShip, LLC, in Gulfport, Miss. Gov. Phil Bryant and officials from Edison Chouest Offshore, an offshore energy service and supply company, officially announced today the company is locating shipbuilding operations at the Port of