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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

India gets access to two Bangladeshi ports, will boost connectivity with North-Eastern region

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The central government’s efforts to enhance connectivity between the North-Eastern region and rest of the country has received a shot in the arm after the Bangladeshi cabinet approved a proposed agreement with India enabling India to use the Chattogram and Mongla ports for goods movement to the North-East. Md Shafiul Alam, Cabinet Secretary of the Bangladesh government said that the ... Read More »

New plans released of Cedar Wood’s 500-home, $160 million housing development in Port Adelaide


CEDAR Woods has released a new concept plan for its $160 million housing development on the Port Adelaide waterfront. The Australian developer is planning to build about 500 new homes – a mix of two and three-storey townhouses and low-rise apartments – at precincts known as Fletcher’s Slip and North West on the corner of the Causeway and Semaphore Rd, ... Read More »

Port of Hull lands a big catch for the UK fishing trade


UK:Associated British Ports has announced that new fishing trade has docked at the Port of Hull to supply 300 fish and chip shops across the country. Humber-based company, UK Fisheries, has recently docked at the port with its first catch of around 700 tonnes of cod and haddock from the North Atlantic waters. The new, multi-million pound Kirkella fishing vessel ... Read More »

Sri Lanka to build £11bn metropolis to double size of its capital, Colombo


Sri Lanka’s $1.4bn (£1.07bn) Port City development has elicited parallels to numerous major urban centres. At 665 acres, the project is about the same size as central London, but its design resembles that of cities like Hong Kong, Singapore, and Dubai. A decade ago, the idea of a Sri Lankan city that rivalled the world’s leading financial hubs seemed implausible. ... Read More »

Cabinet approves use of Bangladesh ports for Indian shipments to northeast

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Customs duties and transportation costs will be charged on this freight as it makes its way through Bangladesh territory, said Cabinet Secretary Shafiul Alam, after the cabinet approved the draft of a possible deal with India. “A draft of the communication network being built for connectivity between the Chattogram and Mongla ports has been approved for India’s signing. One of ... Read More »

Modernizing Malaysia: Port City Sees Pitfalls of Chinese Investment


Beijing is more than 4,200 kilometers (2,600 miles) north of the sandy beaches, oil palm plantations and tropical forests that distinguish peninsula Malaysia’s less prosperous South China Sea east coast from the rollicking economic growth on its western shore along the Strait of Malacca. In November 2016, then-Prime Minister Najib Razak traveled to China’s capital to drum up investment in ... Read More »

Montreal port traffic boosted by Canada-EU trade deal


MONTREAL:The free trade deal between Canada and the European Union has boosted container shipping and prompted a hiring spree at the docks, Montreal port officials say. The volume moving through the gates of the country’s second largest port jumped 19.7 per cent in July compared to the same month last year, hitting the equivalent of about 147,000 20-foot (6-metre) containers, ... Read More »

US May Waive Sanctions for Indian-Built Iranian Port Linking to Afghanistan


The US is reportedly considering granting a waiver to the Iranian port of Chabahar that would permit trade there despite the return of US sanctions against trading with Iran. India has invested hugely in the port, and it’s expected to become the key to mineral extraction in Afghanistan, where the US is struggling to end a two-decade-long war. Chabahar is ... Read More »

Wollongong’s port can be the answer for the Australian cruise ship industry


Australia:In 2012, Councillor Leigh Colacino pulled me aside and told me he loved ships, big white ships, and he wanted to bring them to Wollongong. I didn’t know Cr Colacino very well at that time, but suffice to say, he is persistent. Next morning, my phone lights up, “what have you done about my idea?”. And so commenced our daily ... Read More »

Iran ready to handover Chabahar port to Indian firm for operation

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Iran:In what seems to be a successful strategic policy initiative, Iran will now hand over the strategic Chabahar port to an Indian company within a month for operations as per an interim pact between two countries, said Iranian Minister of Roads and Urban Development Abbas Akhoundi said Thursday. Abbas Akhoundi has arrived in India to participate in the Mobility Summit ... Read More »

Sri Lanka’s Port of Colombo ranks world’s leading container growth port

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Sri Lanka’s Port of Colombo was ranked the world’s top port with the highest container growth in the first half of 2018, Sri Lanka’s Ports and Shipping Ministry said in a statement. According to international rating agency Alphaliner, the Port of Colombo has recorded a 15.6-percent growth in container handling for the first half of this year, out of the ... Read More »

Glencore-led Australian coal port wins court nod on $3.2 billion debt refinancing


SYDNEY:Australia’s Wiggins Island Coal Export Terminal obtained court approval on Tuesday for a $3.2 billion debt refinancing plan, offering respite to its owners who would have had to start repayments this month. The Queensland-based terminal, known as WICET, is 40 percent owned by miner and commodities trader Glencore (GLEN.L) and was built to service a consortium of eight coal companies ... Read More »

Hong Kong Port cargo throughput down by 5.2pct in Q2 2018


The Census and Statistics Department (C&SD) released the statistics on vessels, port cargo and containers for the Q2 of 2018. In the Q2 2018, total port cargo throughput decreased by 5.2% compared with a year earlier to 66.1 million tonnes. Within this total, inward port cargo and outward port cargo decreased by 5.1% and 5.3% compared with a year earlier ... Read More »

China’s Xi plans to meet Putin on visit to Russian port city


Chinese President Xi Jinping will meet with Russian President Vladimir Putin next week in a sign of strengthening ties between the two Asian giants. The summit will take place during Xi’s working visit to Russia’s far-eastern port city of Vladivostok on Tuesday and Wednesday, the Chinese foreign ministry said Friday. It will be the first time a Chinese head of ... Read More »

Northern UK ports prepare for freight boost after Brexit


Ports in northern England are preparing for an influx of freight as shipping companies seek alternatives to Dover after Brexit as fears mount of lengthy delays at the main sea links with the Continent. Uncertainty over the UK’s future trade relationship with the EU has led to predictions of long queues at busier harbours on both sides of the Channel ... Read More »

Ship withdrawn at Yanbu port after accident


JEDDAH: Yanbu commercial port has withdrawn the ship Sakizaya Kalon after it was involved in a maritime accident while crossing the Suez Canal. The ship belongs to the agency of the Arab Foundation, which carries the flag of the state of Panama, carrying 66,000 tons of cargo for the Saudi Grains Organization. The ship was safely towed and berthed at ... Read More »

Full steam ahead for Global Ports despite swings in Turkish


The world’s largest cruise port operator, whose directors include Lord Mandelson, has sought to reassure investors over its exposure to the crisis in Turkey (Alex Ralph writes). Global Ports Holdings, which operates four ports in the country, said that the volatile currency moves were “relatively immaterial” to the company. The update from the London-listed company came alongside its report that ... Read More »

U.S. ports fear tariffs could reduce ship traffic, jobs


Ports and ground terminals in nearly every state handle goods that are now or will likely soon be covered by import tariffs. Port executives worry that this could mean a slowdown in shipping that would have ripple effects on truckers and others whose jobs depend on trade. The Associated Press analyzed government data and found that from the West Coast ... Read More »

Italy to push EU to rotate ports for migrant arrivals, with focus on France and Spain


ROME:Rome will on Thursday ask the European Union to rotate the ports where migrants rescued at sea disembark, Defense Minister Elisabetta Trenta said, with France and Spain expected to top the list. Trenta will put the plan to her European counterparts during an informal meeting in Vienna. “Tomorrow … I will carry in the name of the Italian government a ... Read More »

China Australia relations in the spotlight, as port groups push for more action and less red tape


Australia:The new-look Federal Government should not abandon moves towards a “reset” with China or risk further political turmoil, a market consultant has warned, as some of the nation’s peak business lobbies meet in Darwin. Malcolm Turnbull’s gesture of conciliation to the Chinese Government earlier this month was a “promising development” according to Adam Handley, WA president of the Australia China ... Read More »