Ship Finance International Limited announces that it has agreed to sell the 2007-built jack-up drilling rig Soehanah to an unrelated third party and three 2002-built VLCCs to ADS Crude Carriers Ltd. (“ADS”), a newly established company in which Ship Finance has acquired a 17% interest.
If you happen to be at the beach this summer, make a mental note of any giant freighters crossing the horizon. In a few years’ time those same ships will probably be moving just a fraction slower.
Amid concern from policymakers and rail advocates about the extent and quality of cross-border passenger services in Europe, SNCB is to reintroduce conventional services linking Charleroi and Mons with Maubeuge and Aulnoye in France from the December timetable change.
Rio Tinto completed its first iron ore delivery using a driverless train on July 10. The Office of the National Rail Safety Regulator had granted approval on May 16, and full commercial operation is planned for late 2018.
BANGLADESH Railway (BR) started work on the Padma Rail Link project on July 3 after signing a $US 2.6bn loan with Chinese Exim Bank for the project on April 27.
THE board of Spanish infrastructure and engineering company Comsa has reached an agreement to sell its remaining stake in rail freight operator Comsa Rail Transport (CRT) to SNCF Logistics, giving the French company 100% control.
A Boeing 777-300ER operated by British Airways suffered an engine failure immediately after taking off from Singapore, requiring it to dump fuel and make a single-engine landing.
TIR is the preferred trade facilitation tool – with digitalisation essential – for the activation of the International North South Transport Corridor (INSTC), connecting India, Iran, Azerbaijan, Russia and Central Asia.
Singapore remains at the top of the International Shipping Centre Development (ISCD) Index for the fifth consecutive year. The index covers 43 of the world's largest ports and cities and is published today by the Baltic Exchange and Xinhua, China's news agency.