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  • 28 May 2014 9:04 AM | Anonymous

         Original news was published on 27 May, 2014

    Tutor Perini, a leading civil and building construction company, announced that its subsidiary, Tutor-Saliba, recently received the Project of the Year Award from the California Transportation Foundation for the Caldecott Tunnel Fourth Bore Project.

    This award recognizes the premier transportation project among projects throughout California. Tutor-Saliba constructed this major project for the California Department of Transportation (Caltrans). Tutor-Saliba is led by Tutor Perini’s Civil Group CEO, Jack Frost.

    The Caldecott Tunnel Fourth Bore Project won this award over several other high-profile projects including the San Francisco-Oakland Bay Bridge East Span Seismic Safety Project.

    The Caldecott Tunnel Fourth Bore opened to traffic on November 16, 2013, on schedule and under budget, saving motorists on average 10 to 15 minutes of commuting time. The project included the construction of a 3,399-foot long, 41-foot wide, two-lane concrete tunnel on the heavily traveled State Route 24 in Alameda and Contra Costa counties. The project included seven emergency cross passages connecting to the existing third bore, sixteen retaining walls, soundwalls, two electrical substations, a two-story Operations, Maintenance and Control building, and various roadway improvements.

    The project also featured wide travel lanes, roadway shoulders, bright lighting, emergency exits along the length of the tunnel, and state-of-the-art fire and life safety systems. The tunnel’s incident detection and response systems allow monitoring and response to threats inside the tunnel, including detecting and suppressing fires and other hazards, and provide real-time information to help motorists safely exit in an emergency.

    *NEWS SOURCE

  • 28 May 2014 9:02 AM | Anonymous

        Original news was published on 27 May, 2014

    In the latest round of negotiations in GE’s US$17 billion bid to buy out French energy and transportation company Alstom, GE has pledged to keep the power-equipment maker’s nuclear operations in France.

    “We will answer the government’s legitimate demands that the nuclear unit remain French, that intellectual property stay French and that exports be protected,” Clara Gaymard, GE’s local chief, said in a radio interview.

    The French government is concerned about the deal that would see a foreign enterprise take over one of iats most important companies. About two weeks ago, a decree was signed that requires government approval for foreign investments deemed critical for national security, such as energy, equipment, plants and transportation.

    “This decree should have been done a long time ago,” Economy Minister Arnaud Montebourg said in a press conference in Paris. “You can’t ask countries to give up their strategic interests.”

    Germany, Italy and Spain have similar laws in effect, Montebourg said.

    GE also agreed to the government’s request to extend the closing of the transaction by three weeks, which moved the date from June 2 to June 23.

    Meanwhile, Siemens, a German rival, is expected to submit a formal bid for Alstom this week. Montebourg has said he’d prefer Siemens, Europe’s largest engineering company, over U.S.-based GE.

    *NEWS SOURCE

  • 27 May 2014 8:42 AM | Anonymous


    GAC Bunker Fuels and its Sri Lankan partner, Interocean Energy (IOE), have moved their bunker barge MT Kandy to Galle to meet growing demand for supplies at southern tip of the island.

    This puts fuel sources in the path of east-west shipping lanes with GAC's ship supply base at Galle with 12 craft serving ships passing off port limits.

    The MT Kandy is equipped to store, transport and deliver 770 tonnes of IFO 380cst and 250 tonnes of MGO fuel, along with 50 tonnes of fresh water. Deliveries will be made within the port, Galle anchorage and beyond.

    Its relocation from Colombo comes ahead of the launch of GAC Bunker Fuels' supply service at the nearby port of Harambantota, expected in thecoming four to six weeks.

    *NEWS SOURCE

  • 27 May 2014 8:40 AM | Anonymous


    Heads of Agreement to supply up to 3 million tons of liquefied natural gas (LNG) per year by Yamal Trade to Gazprom Marketing & Trading Singapore (GM&TS) from the Yamal LNG project was signed on Friday, May 23 by Alexey Miller, Chairman of the Gazprom Management Committee and Leonid Mikhelson, Chairman of the NOVATEK Management Committee within the St. Petersburg International Economic Forum 2014. The document will be effective for a period of over 20 years. LNG will be supplied under FOB (free on board) terms in a transfer point of Western Europe to be further delivered to Asia-Pacific markets, primarily to India. The price will be determined using the formula with oil indexation.

    “This Heads of Agreement will significantly reinforce the long-term LNG portfolio of Gazprom. It is an additional way to expand the global trade and use our own fleet of LNG carriers,” said Alexey Miller.

    “It is another crucial step in implementing the Yamal LNG project. As regards LNG contracting, all the necessary conditions are provided for the successful launch of project financing,” said Leonid Mikhelson.

    The Yamal LNG project envisages the construction of an LNG plant with an annual capacity of 16.5 million tons, with natural gas to be delivered from theYuzhno-Tambeyskoye field. The field’s proven and probable gas reserves amount to 927 billion cubic meters. LNG production will start in the end of 2017. The project operator is Yamal LNG, with NOVATEK holding 60 per cent, Total – 20 per cent, and CNPC – 20 per cent in the company. Yamal Trade is a 100 per cent subsidiary of Yamal LNG.

    Being a part of Gazprom Group, Gazprom Marketing & Trading Singapore is engaged in LNG trade, marine transportation and marketing in the Asia-Pacific region.

    *NEWS SOURCE

  • 26 May 2014 9:06 AM | Anonymous

       Original news was published on 25 May,2014

    APM Terminals Poti has completed a comprehensive engineering study to prepare the port master plan for the future needs of Georgia and the hinterland countries, Armenia and Azerbaijan. The study was triggered by the rapid increase of container throughput which will exceed port capacity by 2017. In 2013, total container throughput in Georgia was 405,000 TEU of which Poti handled 82%. The present capacity of Poti seaport is 600,000 TEU.
     
    “Larger vessels are entering the trades, reshaping markets and challenging port infrastructure.  We believe the ability to attract larger vessels to our port through a deeper water depth and easier entrance channel will lower transportation costs for importers and exporters while improving the flexibility of Georgia and Central Asia supply chains. As the operator of Georgia’s largest and most important port, we want to ensure our future infrastructure plans reflect the best engineering and economic scenarios for the market”, commented Steen Davidsen, Managing Director, APM Terminals Poti.
     
    Georgia’s geographic location connects several high growth economic regions, offering shippers a competitive location advantage as a transit hub strategically located between Europe and Central Asia.  Of importance, Georgia is the shortest transit link for the transportation of raw materials, goods, gas and oil from Azerbaijan and Central Asia to the West. And, serves as a north-south transportation crossroads between Russia and Turkey, and via Armenia, to Iran. Average growth figures the last five years are 15-20% per year, far higher than GDP rates, reflecting Georgia and hinterland markets increasing containerization trend.
     
    “Poti has an ideal port location and we look forward to working with the Georgian government to ensure the country’s flagship port is constantly improving the economy and attracting future investment. As a global port operator, we have the expertise to execute port upgrades quickly to launch a new era of Georgian port infrastructure suited to the future generation of ships,” added Mr. Davidsen.  
     
    In phase 1, which can be completed by 2017, the new port will comprise two deepwater berths able to handle vessels in excess of 9,000 TEU with modern ship to shore cranes and a capacity of 1 million TEU.

    *NEWS SOURCE

  • 26 May 2014 9:01 AM | Anonymous

       Originally news was published on 25 May, 2014

    The Palmali Group of Companies will build vessels at its own Armada shipyard in Izmir, Turkey, the group announced on May 22. The shipyard has already started the construction of two main parts of tankers of Volga-Don Max Class with carrying capacity of 7,100 tons.

    The launching of one of the tankers is planned for February 2015.

    The tankers are similar in size to Volga-Don Canal and Volga-Baltic Waterway. The overall length, width, and board height of the RST22M project vessels are 139.95, 16.6, and six meters, respectively.

    The vessels belong to the Volga-Don Max Class.

    The design of the vessels meets the special requirements of Russian and international oil companies. They are built in line with the additional ecological restrictions of the Russian Maritime Register of Shipping ECO Project (ECO-S) class.

    The Palmali Group of Companies is specialized in transporting goods in the Mediterranean, Black, and Caspian seas. Palmali works as a general carrier for oil companies, including Azerbaijan's state energy company SOCAR and Russian Lukoil. It has also long-term contracts for oil transportation with other oil companies.

    *NEWS SOURCE

  • 24 May 2014 9:35 AM | Anonymous

       Originally news was published on 22 May, 2014

    THE Vietnamese government has implemented a law that dictates the total weight for TEUs and FEUs cannot exceed 20 tons including the weight of the container.

    This law is applicable on road transport movements to and from a port in Vietnam, reports the British International Freight Association (BIFA) newsletter.

    Advice being received is that enforcement will be rigorous. Mobile weighbridges have been deployed on highways across Vietnam and to date 800 trucks have been fined for being overweight.

    Local truckers are now informing their customers of this new legislation, due to strict enforcement by the Vietnamese local authorities, which has led to successful prosecutions of drivers in breach of the law.

    This has caused congestion around ports as overweight containers are being re-stuffed. The party stuffing the container is responsible to ensure the weight complies with the legislation, said the BIFA newsletter.

    *NEWS SOURCE

  • 24 May 2014 9:31 AM | Anonymous

       Originally news was published on 22 May, 2014

    CHINA Shipping Container Lines (CSCL) is joining the Russia Finland feeder service (RFS) jointly operated by Cosco and Yang Ming, thereby, replacing Hanjin Shipping as a ship operating partner.

    The move enables CSCL to offer a feeder service in the Baltic for the first time, instead of relying on slots, reports Alphaliner.

    The RFS offers a cycle of three weeks combining two successive rotations that are operated by three ships on a port rotation of: Hamburg (HHLA and Eurogate), St Petersburg (Petrolesport and FCT), Kotka, Hamburg, St Petersburg, Kotka and back to Hamburg.

    CSCL will provide the chartered 1,216-TEU Lantau Arrow to the service, replacing the 1,050-TEU Evolution that Hanjin is to redeliver.

    *NEWS SOURCE

  • 23 May 2014 10:40 AM | Anonymous

    266-ton cargo rolled onto barge for transport to terminal

    Wijngaard Natie Logistics – Atlantic arranged for the transport of a 266-ton transformer during the week of the Breakbulk Europe 2014 in Antwerp.

    This transformer was the heaviest one ever built in the town of Mechelen, Belgium, Cargo Equipment Experts CEE said in a statement on behalf of its member.The cargo was placed on a 22-axle SMTP and rolled onto a barge for the river voyage to the Wijngaard Natie Stevedoring Terminal in Antwerp where it was discharged. The transformer is used as a backup unit for power supply.

    *NEWS SOURCE

  • 23 May 2014 10:36 AM | Anonymous

       Originally news was published on 22 May, 2014

    AM Agrigen has selected a site in St. Charles Parish, La., to build a US$1.2 billion fertilizer plant.In Louisiana, AM Agrigen Industries can tap the highest density of interstate and intrastate natural gas pipelines in the U.S., along with low, stable prices on an abundant supply of natural gas undefined the key raw material for producing nitrogen-based fertilizer, the Louisiana governor’s office said in a statement.

    Feasibility studies on the project are underway, and the company expects to make a final investment decision in the first quarter of 2015. Houston-based AM Agrigen has secured options to purchase 650 acres near Killona in St. Charles Parish and  has begun the process of filing for environmental permits.

    Construction would begin in mid-2015 and take about 30 months to complete.

    The AM Agrigen project is the latest in a series of major foreign direct investment projects to select Louisiana.

    “From Sasol in Southwest Louisiana to Benteler Steel/Tube in Northwest Louisiana and Dyno Nobel in Southeast Louisiana, global investors are infusing tremendous amounts of capital into our state’s manufacturing sector,” Governor Bobby Jindal said.

    To secure the project, Louisiana offered the company a performance-based US$5.6 million grant to offset infrastructure costs of the project. The company also is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.

    *NEWS SOURCE

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