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KPT shipping intelligence report 27 june 2018

port and shipping

KARACHI, (UrduPoint / Pakistan Point News – 27th Jun, 2018 ) :The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Wednesday. ALONG SIDE (Bulk Oil Pier) OP-I Karachi D. Crude Oil PNSC 25/06/18 OP-III Maersk Magellon D. Mogas GAC 24/06/18 ALONG SIDE (East Wharves): 4 Da Cui Yun D. Gen. ... Read More »

Over 500 Kilos Cocaine Found In Shipment Pineapples, Five Arrested


The police and Public Prosecutor found and seized over 500 kilograms of cocaine hidden in a shipment of pineapples in a warehouse in ‘s-Gravenzande. Five suspects were arrested. They were arraigned on Wednesday and remanded into custody for 90 days, the Public Prosecutor announced. The police have been investigating this drug shipment for some time, the Public Prosecutor said information ... Read More »

Customs seizes P33 million in smuggled goods

P33-M worth of various goods seized in two Manila ports. Photos from Bureau of Customs

MANILA, Philippines – The Bureau of Customs (BOC) seized P33 million worth of smuggled goods from the Port of Manila (POM) and the Manila International Container Port (MICP). At the POM, shipments declared as grocery items, glass cups, bottles, mugs, wheel rims, footwear, and general merchandise were found to contain misdeclared air freshener, toothpaste, shampoo, makeup, and vape without Food ... Read More »

Italian police bust gang smuggling fuel from Libya to Europe

An employee serves oil at a petrol station still opened during a strikeon December 11, 2012 in Rome.  The strike of petrol stations in Italy started the day before at 7 PM and will last until December 14 at 7 PM.  AFP PHOTO / ANDREAS SOLARO / AFP PHOTO / ANDREAS SOLARO

Smugglers have been stealing fuel in Libya and selling it on across Europe, according to Italian police. Italian police said on Wednesday that they had broken up a network selling low-quality Libyan diesel fuel worth €30 million euros at service stations in Sicily and as far away as France and Spain. In a year-long investigation, the Guardia di Finanza financial ... Read More »

Norway to clamp down on seafood smuggling


The Norwegian government will increase efforts to combat smugglers, and consider more effective measures, it said. “It is a challenge that foreigners come to Norway with a goal of making the most fish out of the country. Fish smuggled out of Norway represent great values, and we fear that the findings made up to now are just the tip of ... Read More »

8 Taiwanese sentenced to death in Indonesia for smuggling drugs


An Indonesian court sentenced eight Taiwanese to death for trying to smuggle 1 ton of crystal methamphetamine into the country from China. Five were convicted in one trial, and the other three in a separate trial, before the South Jakarta District Court. “The defendants have been found legally and convincingly guilty of committing an evil conspiracy…by importing 1 ton of ... Read More »

Denmark Pledges To Lower Tax Burden More


The Danish tax burden will continue its downtrend trend in the coming years, Danish Tax Minister Karsten Lauritzen has said. His comments came ahead of the release of the Government’s Tax Economics Report 2018, due to be published in mid-June. He pointed out that Denmark’s overall tax burden fell from 47 percent of GDP in 2013 to 45 percent last ... Read More »

Drug smuggler caught at Munich Airport with 95 bags of cocaine in his stomach


Customs officials at Munich Airport became suspicious when they spotted a nervous-looking man who had just arrived on a flight from the Netherlands. Further investigation showed he had swallowed an astonishing quantity of cocaine. Officials’ suspicions were strengthened when the 26-year-old, who was apparently travelling on to Italy, responded to questions in a contradictory manner, customs announced. After a rapid ... Read More »

Belgian gets life on cocaine smuggling charges in Cambodia


PHNOM PENH, Cambodia — A Cambodian court sentenced a Belgian man to life in prison on charges of smuggling cocaine into the country. David Noel Catry was convicted of trafficking 1.03 kilograms (2.27 pounds) of cocaine earlier this year, said Ei Rin, a spokesman for the Phnom Penh Municipal Court. Catry, 34, was arrested in January at Phnom Penh International ... Read More »

Brazil court says arbitration to decide Itambé deal with Lactalis


SAO PAULO: A Brazilian appeals court confirmed that only private arbitration may decide whether France’s Groupe Lactalis SA may proceed with the acquisition of dairy company Itambé Alimentos SA, according to court documents seen by Reuters. An arbitration at the Brazil-Canada Chamber of Commerce will decide if the acquisition broke a former shareholders agreement in Itambé. The Brazilian dairy company ... Read More »

Bank of Japan tankan expected to show second straight fall in business sentiment


Business sentiment among large Japanese manufacturers has declined moderately in June compared to three months ago — down for the second straight quarter — according to 14 private think tanks’ estimates ahead of the Bank of Japan’s ongoing tankan quarterly survey, which is seen as an important measure of the economy’s performance. The institutes’ forecasts on the diffusion index for ... Read More »

South Korea plans £26bn rail link with Russia in wake of North Korea summit


A $35 billion (£26 billion) railtrack that would link North and South Korea to Moscow is among a flurry of ambitious economic projects being discussed in the wake of the Singapore summit between Kim Jong-un and Donald Trump, the US president. The fragile international détente has spurred a wave of excitement among global investors keen to capitalise on the opening ... Read More »

Abandoned power plant a $38 billion warning sign for Indian banks


NEW DELHI: Deep in the jungles of eastern India lies an abandoned power plant, a warning symbol for the $38 billion of additional bad loans which are about to engulf the country’s banks. Like many of India’s power stations, the Jharkhand project had all the markings of success when a group led by State Bank of India lent about $700 ... Read More »

Philippine president slammed by bishop for calling God ‘stupid’


MANILA: The Philippine president, notorious for having insulted the pope and former US President Barack Obama, has sparked outrage for calling God “stupid” in Asia’s bastion of Catholicism. Opposition Sen. Antonio Trillanes IV shot back by describing President Rodrigo Duterte as “one evil man” and his remarks as “very much consistent with the deceitfulness, heartlessness and ruthlessness of his policies.” ... Read More »

Airbus And THAI Sign Joint Venture MRO In U-Tapao


Airbus and Thai Airways International (THAI) have signed an agreement to establish a new joint venture maintenance and overhaul (MRO) facility at U-Tapao International Airport near Bangkok. The accord was signed today at Airbus headquarters in Toulouse by Usanee Sangsingkeo, Acting President, THAI; and Eric Schulz, Chief Commercial Officer, Airbus, in the presence of Prayut Chan-o-cha, Prime Minister of Thailand ... Read More »

Ramaphosa ‘very pro business’ – presidential investment envoy


Ramaphosa, who has a union background, is often accused by labour of being too pro business, and by business of being too pro labour. President Cyril Ramaphosa is “very pro business, very pro capital” and recognises the importance of this in attracting local and international investment, according to businesswoman Phumzile Langeni. Langeni, who is the executive chairperson of Afropulse, is ... Read More »

€1 Billion Promised To Groningen Gas Mining Area


Minister Eric Wiebes of Economic Affairs and Climate reached an agreement with Shell and ExxonMobil about gas production in Groningen. The government and NAM will invest at least 1 billion euros into quality of life in the gas mining area. The two oil companies will not claim damages for the gas left un-mined after gas extraction is halted in the ... Read More »

Vietnam rejects Grab expansion request

Grab App

Vietnam’s Transport Ministry has ordered GrabTaxi Vietnam Co Ltd to halt a planned expansion; the company will only be permitted to grow within the five localities in their pilot programme. The five localities are Hanoi, HCMCity, Khanh Hoa, Da Nang and Quang Ninh. The move came after the company submitted a request to broaden their business in localities including Ninh ... Read More »

Sailors from Ukrainian vessel seized in Crimea for fishing flatfish refuse to take food


The sailors from the Ukrainian vessel YaMK -0041 detained off the coast of Crimea have refused to take food, lawyer Edem Semedlyayev said. “The mother of one of the sailors said they are refusing to take food and are in a state of despair from uncertainty,” he said on Facebook on June 24 evening. The sailors are denied meetings with ... Read More »

Why the debt deal with the EU is bad for Greece


Shortly before coming to power in January 2015, Alexis Tsipras – then still known as an outspoken Greek opposition leader and unconventional anti-austerity firebrand – vowed not to wear a tie until international lenders agreed to cut his country’s towering debt load to sustainable levels. On Friday evening, the 43-year-old prime minister, who has since presided over three years of ... Read More »