Thailand's Board of Investment (BOI) says the joint deep sea port will also surge new business & foreign investment into Thailand. BOI believe that the Dawei Deep Sea Port and Industrial Estate in Myanmar (Burma) will become an important drive for economic growth in this region, offering a shortcut for logistics and bringing new business opportunities and foreign investment to Thailand. After conclusion on signing of Memorandum of Understand between Thailand and Myanmar to construct Dawei Deep Sea Port, Chanvit Ammatamatuchat, Deputy Secretary of General Office of the National Economic and Social Development Board (NESDB) said the project will serve as economic land bridge connecting Andaman Sea on the Myanmar side through Thailand and out to South China Sea creating great opportunities for expanding up-stream industries and linking supply chain in Thailand and in the region. BOI is offering assistance in terms of consultation on the investment and upstart of the business related to this new mega project for both local and international investors. Dawei Deep Sea Port and Industrial Estate project will generate major investment and help drive the growth of the economy in Southeast Asia and the surrounding regions. Investors who are interested in investing in Thailand to take advantage of this development can consult and ask for assistance and tax privileges from the BOI.
Crude oil and refined oil product shipments from Georgia's Black Sea port of Batumi fell 22.7 percent in 2014 from a year earlier, a senior official at the terminal said on Monday. Bad weather in Kazakhstan, where the oil is produced, lower-than-expected output from the Kashagan oilfield at the beginning of the year and re-routing part of oil shipments to the Baku-Tbilisi Ceyhan pipeline contributed to the decline, said the official, who declined to be identified.
Presidents of Thailand & Mynamar (Burma) agree on port development for deep-sea port to enable Malacca Strait bypass route. Thailand and Myanmar agree to set up a joint committee to follow up on economic cooperation that includes linking Myanmar's future Dawei deep-sea port with the Thai Eastern Seaboard. The deal came at the end of talks between Myanmar President Thein Sein and Thai Prime Minister Yingluck Shinawatra at Government House in Bangkok.
The Mexican state of Veracruz on the Gulf of Mexico is planning to build a massive air, rail and sea cargo terminal for international trade, according to state officials. Veracruz officials are in talks with U.S. asset manager Alliance Capital and an international consortium that includes Mexican construction company Grupo Tribasa for the project, the first phase of which would cost $500 million. Working in conjunction with local authorities
Kanoo Shipping – an offshore and marine services provider in the Middle East, operating throughout Saudi Arabia, Bahrain, UAE, Oman, Qatar, Yemen, Iraq and Sudan – will be present at the Saudi International Marine Services Show -2013 to demonstrate various services provided by the company including marine operations, shipbuilding, ship and rig repair division, engineering and construction services and sea ports operations.
Bulgaria opened a new tender for an 80 percent stake in the state-owned shipyard in the second biggest Black Sea port of Bourgas and set a March 15 deadline for bids. An agency spokesperson said the agency would not set a minimum price in negotiations with potential investors, but would require a deposit of $400,000. The buyer would also be required to keep the shipyard's core business running for minimum three years
ICS Says CO2 Compensation Fund Could Help Sea Ports Adapt To Climate Change. The International Chamber of Shipping (ICS), whose member national shipowners' associations represent more than 80% of the world merchant fleet, has participated at a special UNCTAD (United Nations Committee on Trade and Development) meeting in Geneva (29/30 September) to explore how the world's sea ports should prepare for adaptation to the threat of dangerous climate change.
Crude oil and refined product shipments from Georgia's Black Sea port of Batumi were down 24.6 percent in the first 10 months of the year from a year earlier, a senior official at the terminal said on Monday. Bad weather in Kazakhstan, where the oil is produced, and lower-than-expected output from the Kashagan oilfield at the beginning of the year contributed to the decline, said the official, who declined to be identified.
Russia's sea ports (including the ports of Crimea) handled 623.4 million metric tons of cargo in 2014, up 5.7% from 2013, according to the data from the National Association of Commercial Sea Ports. The total throughput of liquid cargo fell by 0.8% during the period to 331 million metric tons, while dry cargo throughput increased by 14.1% to 292.4 million tons. Transshipment of dry bulk cargo totaled 292.4 mln t (+14.1%) including 116.3 mln t of coal (+15.1%), 46
As Oman celebrated its 42nd Renaissance anniversary, Port of Sohar welcomed its 1,000th vessel of the year The 9,000 metric tonne MV Maria, owned and operated by SAL Heavy Lift GmbH, berthed at the container terminal C Steinweg Oman (CSO). On board was a 300-tonne gas turbine due for installation at a new power plant under construction in the Batinah area. The arrival of the 1,000th vessel this early augurs well for a significant increase in ship calls during 2012
All ships calling at Egyptian Red Sea ports or transiting the Suez Canal must declare any weapons onboard to Safaga Port Authority. As per the Egyptian Maritime Security Committee ruling, such weapons must stored at the Safaga navy base.
The Munkebo Maersk became the largest ship to ever sail up the River Thames as it called at DP World London Gateway, the U.K.’s newest deep-sea port hub. The 399-meter-long, 60-meter-wide, 195,000-ton Triple-E class vessel – equivalent in length to almost four football pitches and
The Maersk Group has reaffirmed its commitment to support the expansion of Ghana’s Port of Tema to the tune of US$1.5 billion. The Group Chief Executive Officer of the multinational transport and energy giant Maersk Group, Nils Smedegaard Andersen
Pirates robbed a Thai tanker in Malaysian waters of some 2,000 tonnes of oil it was transporting from Singapore before planting a bomb on the vessel. According to a statement from Rear Admiral Somchai Na Bangchang, the chief of staff of Thailand's Third Naval Area Command all 15 crew
Port Canaveral was jammed Sunday with both spectators and cruise ship passengers as, for the first time ever, six cruise ships tied up at the port’s docks. “It’s just a sign of things to come,” Port Canaveral Chief Executive Officer John Walsh said
The U.S. Senate Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety, and Security held a hearing on U.S. ports today titled "Keeping Goods Moving." The hearing comes during a labor standoff between shipping companies and port workers that shut down 29 West
The Philippines strongly urged China to stop reclamation work on a disputed submerged reef within its exclusive economic zone in the South China Sea, the foreign ministry said on Friday. A Philippine navy commander said on Thursday that China had started dredging around the disputed Mischief
China has started dredging around the disputed Mischief Reef in the South China Sea, a Philippine navy commander said on Thursday, signalling Beijing may be preparing to expand its facilities in the area. Last year, Chinese President Xi Jinping tried to set Southeast Asian minds at ease over
President Joko Widodo, popularly known as Jokowi, roadmap for Indonesia as a maritime power in the Indo-Pacific region, has been lauded by the international community, with several countries offering to cooperate with the government to realize this vision, according to a report in the Jakarta Post
The EU's TEN-T Program will co-fund with over €2 million the development of the sea ports of Trelleborg (Sweden) and Świnoujście (Poland), to increase their competitiveness and sustainability, as well as improve the maritime link between both countries.
Malaysia is ready for greater collaboration and cooperation with China with regard to Maritime Silk Road (MSR) proposal delivered by Chinese President Xi Jinping. Malaysian Transport Minister Datuk Seri Liow Tiong Lai said that his Ministry has identified a few ports in
Forces loyal to Libya's internationally recognised government on Saturday staged air strikes on the commercial port of Misrata, a western city allied to a group that holds the capital Tripoli, both sides said. Fighting was also reported near the country's biggest oil export port located
Russian grain exports have picked up again after the decision to impose official export duties reduced the informal curbs that had all but stopped sales abroad, SovEcon agriculture consultancy said on Saturday. Russia, the world's fourth largest wheat exporter
Exports of Russian crude oil blend Urals will rise sharply in January from the Baltic Sea ports on the back of a government decision to cut export duties, a preliminary export schedule showed on Tuesday. Russia will raise crude oil exports from Primorsk to 3
Russia's Black Sea port of Novorossiisk halted oil exports on Monday due to storm, while the loadings are not expected to resume before Friday, port sources said. "The wind is very strong there. Looks like it (stoppage) will last till Friday," a source said.