Pacific Tycoon
Blog / Jan 2012
Nissan Motor Co., Ltd. introduced an energy efficient coastal car carrier named the Nichio Maru, on Monday. The carrier, built by Shin Kurushima Dockyard Co., Ltd. will transport completed Nissan automobiles and parts on one of Japan’s main maritime shipping routes. As part of its construction, the Nichio Maru contains solar power panels, along [...]
Malaysia’s trade in 2011 is expected to grow 7-8%, according to a news release on the Ministry of International Trade and Industry’s website. In the first eleven months, Malaysia recorded an export total of RM 633.81 billion (USD 208.38 billion) and imports totaling RM 521.81 billion (USD 171.56 billion) In regards to the trade growth [...]
A Scottish firm has taken full ownership of a major London shipping port by purchasing the remaining 67% of shares of Tilbury Container Services Ltd (TCS) for £95 million. Forth Ports Limited (Forth Ports) announced that they added on to their 33% ownership of TCS by purchasing the remaining shares from Dubai-based DP World [...]
The Port of Long Beach approved a tentative $4.6 billion, 40-year lease with the Hong Kong-based shipping container line, Orient Overseas Container Line (OOCL). The Long Beach Board of Harbor Commissioners gave the preliminary approval to OOCL on Monday, and is expected to consider final approval on February 6. In a new release on the [...]
Trade between the Philippines and China in 2011 reached its highest level ever, totaling $32.254 billion. This amount exceeds the previous record of $30 billion posted in 2007. The Philippines Department of Foreign Affairs, while citing a report from the Philippine Embassy in Beijing, said that the 2011 total is a 22% increase from the [...]
The tiny island nation of Vanuatu will be receiving assistance from the Asian Development Bank (ADB) and the New Zealand Government as it looks to improve their shipping capabilities. Vanuatu with a population of 224,000, is made up of roughly 82 small islands, and lies about 1750km east of Australia. The archipelago currently suffers [...]
The World Cargo News reported on the 16th of January that the forecasted global trade rebound in the second half of 2012 is pushing shipping liners to rely more on leasing companies for containers. The expected strong growth from emerging markets would naturally facilitate trade, creating a good level of need for containers. As the [...]
The Port of Los Angeles set a new U.S. record for the second consecutive year by exporting 2.11 million containers in 2011. According to statistics released by port officials Tuesday, the port’s container output showed a 14.5% increase from last year’s total of 1.84 million. Across the board, the Southern California based port demonstrated strong [...]
With extreme demand from China and India for its coal and iron ore materials, Australia will be implementing major infrastructure projects in the near future to accommodate the increased need for these key steelmaking supplies. As the world’s largest exporter of coal and iron ore, Australia will be undertaking rail and port construction projects to [...]
An extremely unique oil delivery is underway in the Alaskan town of Nome. The town, which has been hovering around -30 degrees (C) as of late, is in the process of receiving a shipment of 4.9 million liters of oil via hoses running from the Russian tanker Rende to the Nome coast. The ship is [...]
