EU Suspects Tax Fraud at China's New Gateway to Europe
European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece’s largest port of Piraeus, a trade gateway between China and Europe, officials said.“The VAT is completely evaded, with enormous damage to the national tax authorities and to the community,” Fabio Botto, of the Italian Central Anti-fraud Office’s special investigative unit, said in an interview.He said the suspected scam at Piraeus, part of China’s vast Belt and Road infrastructure project…
Rotterdam Port Signs Pact for Maintenance of Roads, Greenery
The Port of Rotterdam Authority signed agreements with two contractors relating to what is known as the port’s dry infrastructure. One contract covers maintenance of the roads in the port and the other maintenance of the green spaces. Following a tendering procedure, Van Gelder emerged as the best choice for the road infrastructure. The green spaces will be maintained by BTL. Both contracts run for two years and an express wish has been made for them to be extended by eight years. The combined sum of the contracts comes to over 14 million euros for the first two years.
SBS Worldwide Battles Hurricane to Maintain Supply Chains
Logistics company SBS Worldwide worked tirelessly through the weekend to maintain its clients’ supply chains as the devastating hurricane Irene battered the US north east. Early on Monday morning, SBS Worldwide’s New Jersey office was “open for business as usual”, after airports and seaports were closed and road infrastructure was reduced to a honeycomb of flowing water, trees and mud as Irene hit the US east coast over the weekend. SBS Worldwide US MD Lars Kloch says preparation is key to ensuring that disruption to its clients’ supply chains is kept to a minimum at times like these.
Spending On Transport Infrastructure
Transport infrastructure is a vital social and economic asset. Its construction and maintenance absorb significant resources while decisions on infrastructure have impacts that last for decades. The report Spending on Transport Infrastructure 1995-2011: Trends, Policies, Data and a related database have been released by the International Transport Forum at the OECD. The 2013 edition of the Forum’s annual statistics update presents aggregate trends in inland transport infrastructure investment and maintenance since 1995 and provides data on road, rail, inland waterway, sea port and airport spending for the International Transport Forum member countries for the period 1995-2011. Investment as a percentage of GDP has remained at around 1% since 1995 in the OECD.
Russia’s Novatek Sells 10% Of Yamal LNG To Chinese Fund
Russia’s second-biggest gas producer Novatek is selling a 9.9 percent stake worth an estimated US$1.4 billion in its Yamal liquefied natural gas (LNG) project to a China’s Silk Road infrastructure fund, reports Reuters. The deal, first discussed in August, was inked as part of a visit by President Vladimir Putin to Beijing to mark 70 years since the end of World War Two in Asia. Following the completion of the deal, Novatek will own 50.1% stake in Yamal LNG, Total and CNPC will hold 20% each, while SRF will have a 9.9% stake in the Arctic LNG project.
Ferries Eligible for Millions in Canadian Funding
Ferry operators across Canada applaud new changes made by the federal government that will allow infrastructure projects related to ferries to be eligible for funding under the New Building Canada Fund, according to the Canadian Ferry Operators Association (CFOA). The original eligibility criteria for the fund, established in 2014, excluded most projects related to ferries, meaning very few operators have been able to apply for infrastructure projects. The CFOA and provincial governments have worked together urging Transport Minister Marc Garneau and Infrastructure Minister Amarjeet Sohi to revise the criteria to include ferries and ferry operators.
New Bridge Over Port of Malmö Gets EU Support
The EU's TEN-T Program will co-finance with over $1.24 million preparatory studies for the construction of a rail and road bridge over the Port of Malmö in Sweden. The new bridge will help to improve the cargo transfer at the port and improve the national rail capacity. The studies will prepare the construction of the bridge and the adaptation of the rail and road infrastructure at the port area. They will clarify the overall layout of the new transport network and provide detailed plans for the bridge, including an environmental and public welfare study.
Boskalis Bags Netherlands Projects of EUR 200 mi
Royal Boskalis Westminster N.V. (Boskalis) has over the last couple of weeks acquired a number of medium sized and various smaller projects in the Netherlands with a combined contract value of more than EUR 200 million. Today, Boskalis was awarded the project for the expansion and doubling of the N62 road (Tractaatweg) in the province Zeeland. Preparations are due to start in spring 2017 and the project will be completed in the spring of 2019. The project carries a contract value of approximately EUR 30 million.
Indian Shipping Bucks Trends with Positive Growth
The Indian shipping industry is registering a positive growth amid a downward trend globally, Union Minister of State for Shipping, Pon Radhakrishnan said. “While the shipping sector is seeing a downward trend worldwide, India is registering a positive growth, and the credit for this should go to Prime Minister Narendra Modi,” he said. The Sagarmala programme launched by the Prime minister last year aims to increase the capacity of Major and Non-Major Ports to 3000 MTPA from the present 1054 MTPA, he said.
Maersk Mulls Port of Tema Expansion
Maersk Group is committed to support the expansion of the Port of Tema to the tune of US $1.5 billion, says Nils Smedegaard Andersen, Chief Executive Officer of Maersk Group. Maersk will also contribute its quota in the US$6 billion oil exploration work to be undertaken by Italian firm Eni Exploration in Ghana. Nils called on the President of Ghana John Dramani Mahama to extend the group's support to expand the Port of Tema to nearly four times its existing capacity in addition to increasing current road infrastructure including the development of the motorway to a 6-lane.
CMA CGM Adds Iskenderun Call on BEX Service
The CMA CGM Group has announced that starting June 16, a call in the South Turkish port of Iskenderun will be added to the Group’s Bosphorus Express Line (BEX). The CMA CGM Group adapts its offer to its clients’ needs and introduces a unique service between Asia and Iskenderun on the market. In order to answer its clients’ needs, the CMA CGM Group adapts its BEX line, joining Asia to the East Mediterranean, by adding a call in the port of Iskenderun. The Group now offers the only direct service on the market, and the best transit times between Asia and Iskenderun.
UK Chamber Welcomes Proposed Customs Arrangements
The UK Chamber of Shipping has welcomed proposals for customs arrangements that could be implemented after the UK’s departure from the European Union, which were published today in a new paper from the Department for Exiting the European Union (DExEU). The 'Future Customs Arrangements' report, argues that the UK could either seek a “highly streamlined” customs arrangement with the EU or else strike a new, bespoke deal. It also suggests that a transitional period should follow Brexit, before a final deal is struck that would follow existing procedures as closely as possible.
Inchcape Expanding in Spain
Inchcape Shipping Services completes Northern Mediterranean expansion with opening in Algeciras. Inchcape Shipping Services, the world’s leading maritime services provider, has this week opened its doors in Algeciras – Spain’s busiest port. It is one of a number of new offices scheduled to be opened by ISS in 2012 and completes the company’s expansion in the Northern Mediterranean region. “The opening of the Algeciras office strengthens the company’s position in this important maritime region,” said Michael van Hemert, Senior Vice President for Europe and North Africa.
Record Freight Handled by Antwerp Port
The port of Antwerp is set to achieve a freight volume of more than 200 million tonnes for the first time ever in 2015. When it comes to containers Antwerp is performing extremely well this year: with expected growth of almost 8% it will easily pass the milestone of 9 million TEU (twenty-foot equivalent units, i.e. standard containers) for the first time in its history. About half of the container volume is currently handled in the port area on the Right bank of the Scheldt, but…
FMC, AAPA Meet
On Wednesday, April 6, 2005, the Federal Maritime Commission (FMC) held the third in a series of briefings from representatives of the shipping industry and maritime community. The briefings are intended to foster a greater awareness and understanding of the current issues and concerns affecting the various interests involved with the United States waterborne foreign commerce. The April 6th briefing was presented by the following representatives from the American Association of Port Authorities (“AAPA”): Gary LaGrange, President, Port of New Orleans and Chairman of the AAPA Board, representing the AAPA Gulf Caucus region; Richard Larrabee…
World's First Autonomous Shipping Company Formed
The road toward autonomy has taken a major step with the announcement that Wilhelmsen and Kongsberg are collectively taking the next step in autonomous shipping by offering a complete value chain for autonomous ships, from design and development, to control systems, logistics services and vessel operations. The new venture is dubbed "Massterly". What is Massterly? The Massterly plan is to have land-based control centers monitor and operate autonomous ships globally, tapping Kongsberg's tech solutions and Wilhelmsen's logistics and ship management operations.
Aberdeen Harbor Expansion Gains Support
Plans by Aberdeen Harbor Board to create additional berthing facilities at Nigg Bay have received a double boost. An independent report has estimated the economic benefit of the development to the local and national economies to be nearly £1 billion per annum. This report has been published in the same month that the Scottish Government, in their National Planning Process, has named the Nigg Bay Development as one of only 14 projects that they consider to be of national importance to Scotland.
Dutch Deal on Inland Shipping GHG
Declaration of Nijmegen was signed by the inland shipping sector, along with Minister Van Nieuwenhuizen (Infrastructure and Water Management) on Friday (April 13). This agreement reflects the commitment of the sector to expending its best efforts to expedite the greening process in the years ahead. The goal is to uphold its competitiveness vis-à-vis road and rail transport, and to reduce CO2 emissions by 20 per cent by 2030. ‘Inland shipping has a substantial lead if you compare its CO2 emissions to those of trucks and trains.
Trump: Infrastructure Plan Likely Must Wait until 2018 Elections
U.S. President Donald Trump said on Thursday his infrastructure plan will likely have to wait until after the November congressional elections. "You'll probably have to wait until after the election, which isn't so long down the road," Trump said in a speech. (Reporting by Steve Holland; Writing by Eric Beech Editing by James Dalgleish)
British Ports Association Writes to PM on Brexit Concerns
The British Ports Association has written to the Prime Minister calling for funding guarantees for any new border facilities and digital infrastructure, which may be needed after the UK leaves the European Union. There are concerns from the industry that those ports with EU traffic will need to provide new facilities and digital infrastructure for government officials to carry out customs and other border checks. In the letter, Richard Ballantyne, Chief Executive of the British…
Japan, China Agree Trade War Will Harm Global Economy
Japan and China agree that a trade war will have serious consequences for the world economy, Japanese Foreign Minister Taro Kono said on Monday after a high-level economic dialogue between the world's third- and second-largest economies. Concern is growing about a trade row between China and the United States in which the two nations have threatened each other with tariffs. Japan has been criticised by U.S. President Donald Trump on trade and been hit with tariffs on steel and aluminum, but it has not yet threatened counter-tariffs.
Georgia Ports' Box Volume Jumps 14%
The Georgia Ports Authority achieved 14 percent growth in March container volumes, moving 355,208 Twenty-foot Equivalent Unit containers. For the fiscal year to date (July-March), TEU container trade grew by 9 percent, or 255,786 additional units for a total of 3.08 million, a new record for Savannah. "Savannah's continued strength is a reflection of our customers' commitment, Georgia's leadership, and the many dedicated service providers, GPA employees and ILA members who come together every day to achieve great things," said GPA Executive Director Griff Lynch.
Missouri River Basin is Booming
The U.S. Army Corps of Engineers Missouri River Basin Water Management Division is maintaining above normal releases at the four lower dams on the Missouri River. The excess water will allow the Corps to extend the navigation season and provide higher winter releases. Navigation service to the mouth of the Missouri River will now be extended until December 10. Conditions in the basin affected by tributary inflow could extend the season for days after that. Increases in shipping along the Missouri River are being seen north toward Sioux City for the first time in 11 years. The Siouxland Chamber of Commerce suggested that increased shipping on the Missouri River and all the way to the gulf, complements the air, rail and road infrastructure Sioux City prides itself on.