Port of Long Beach Executive Director J. Christopher Lytle and Orient Overseas Container Line CEO Phillip Chow signed a $4.6 billion, 40-year lease for the new Middle Harbor container terminal at a ceremony at OOCL’s Hong Kong headquarters on Tuesday, April 3. The inking of the historic agreement was celebrated by officials from the [...]
OOCL and the Port of Long Beach held a signing ceremony for a 40 year container terminal lease with The Port of Long Beach (POLB) in Hong Kong. Known as the Middle Harbor Redevelopment Project (MHRP), the agreement will enable OOCL to develop a state-of-the-art modern terminal with the latest automation technologies that will essentially [...]
According to Marine News China, Guangxi Autonomous Region will spend US$2.21 billion on waterway traffic projects this year with Beibu Gulf port capacity to be increased to 160 million tonnes, while Xijiang River’s cargo capacity to rise 100 million tonnes. This year, Guangxi plans to build the No 403 to No 407 berth at the [...]
CTC Marine Projects, Ltd., a subsidiary of DeepOcean Group Holding AS, today announced the award of a major trenching contract for COOEC on the Liwan 3-1 Project in China located 350 kilometres offshore Shenzhen, China. CTC will be responsible for the trenching of approximately 174 kilometres of 30-inch pipeline from the Shallow Water Host Platform [...]
The Summa Group and the Port of Rotterdam Authority may build a new port in Nangang industrial area, China, Kommersant business daily reported on Thursday quoting the port’s CEO Hans Smits as saying. Construction of the new port would probably cost about $2 billion, Infranews agency head Alexei Bezborodov said. “The Port of Rotterdam Authority [...]
The Dredger Humen was successfully redelivered on March 9 after well repaired by CIC Boluomiao Shipyard. The subject vessel is a large-scale dredger, which arrived to the yard for repair in the late of February. The main repair project included the repair of main engine, 3 motors, mud pump diesel engine, dredge pipe, mud rake, [...]
Xiangyu Dredging Holdings Limited, the largest privately owned dredging company in China in terms of dredging volume in 2010, has announced the consolidated annual results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2011 (the “Reporting Period”). – Revenue of RMB 1,137 million, representing a year-on-year increase of 203% [...]
The delivery of Tuvalu 31M double-propeller tug No.01 was completed on March 15, 2012. The tug is double-engine, double-propeller, all the equipments can meet the work requirements of harbor operation, mooring, tugging, offshore operation, firefighting and et. This vessel is class approved by BV, it’s in line with the requirement of unrestricted water and the [...]
The delivery of Macau 1000CUM self-propelled split hopper barge was completed on March 20, 2012. Guangzhou XED Ship Design Co. Ltd is authorized by Macau Entertainment Co. Ltd to conduct complete design, the barge was built at Zhongshan Weihang Shipyard Co. Ltd, it serves in Macau coastal area, working together with bucket and grab dredgers [...]
Caterpillar Inc. announced today a new expansion project for the company’s manufacturing facility in Xuzhou, China. Once completed in 2016, it will increase hydraulic excavator production at Caterpillar Xuzhou Limited (CXL) by an additional 80 percent. Caterpillar also announced plans today to begin production of wheeled excavators at CXL beginning in early 2014, further [...]
