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.
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
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
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.
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.
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.
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
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
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
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
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
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
Both vessels named after historical predecessors; first voyages already booked SAL Heavy Lift, one of the world’s leading heavy lift vessel operators, has added two ships, Calypso and Amoenitas, to its fleet to serve clients with lift requirements of up to 900 metric tons.
SAL Heavy Lift has added two ships of Type 116 to its fleet to serve clients with lift requirements of up to 900 mtons. MV Calypso and MV Amoenitas are equipped with two cranes of each 450 mtons and have the highest ice class. As SAL's type 183 and 176 vessels are well planned ahead
Russia resumed oil products shipments to Primorsk after a halt following "criminal tapping" of pipeline, a subsidiary of Russian oil pipeline monopoly Transneft said. "It has not affected and will not affect exports schedule," it added.
Toronto-headquartered Livingston International says it has acquired New York-based FPA Customs Brokers, Inc. “We look forward to welcoming the FPA team and their clients into the Livingston family,” said Livingston CEO Steven C. Preston.
China's Unipec is taking two very large crude carriers with around 4 million barrels of Urals crude to Asia in a move to support Russia's main export grade, traders said on Thursday. Traders said Unipec had booked two VLCCs - Front Tina and British Vintage - and will fill it with the Russian
Peel Ports operators of the Port of Liverpool, says it has been accredited by US Customs and Border Protection as a certified partner in the Customs-Trade Partnership Against Terrorism (C-TPAT) programme. The accreditation system validates ‘best in class’ security and detection
Customs brokerage and trade compliance advisors, Livingston, say that to better reflect the company’s integral role in regulatory affairs for its clients, Livingston has appointed Candace Sider to the newly created position of Vice President, Regulatory Affairs Canada.
Kuwait said on Wednesday it would ship around two million barrels of crude oil in early October to Egypt, giving it priority as a buyer ahead of sales from storage into the Mediterranean market. The deal for two million barrels a month of Kuwaiti crude was signed this week with the Arab
By Gleb Gorodyankin MOSCOW, Nov 25 (Reuters) - Exports of Russian crude oil to Western markets are set to fall by almost a third in December and reach a 12-year low as traders withhold cargoes to wait for lower duties from Jan. 1, a preliminary export programme showed on Tuesday.
Russia hopes to place shares of shipping company Sovkomflot in New York as part of its privatisation plans, a deputy minister of transport told reporters on Friday, a move which could face resistance due to confrontation with the West over Moscow's role in Ukraine.
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.