Tag: Mediterranean Sea

4th Annual Med Freight Conference Addressing the 4th Annual Med Freight Conference, APM Terminals Director of Port Investments for Europe and the Mediterranean, John Trenchard cited both long-term demographic trends and the expected introduction of larger vessels into regional Mediterranean trades as driving factors of port development and expansion in the Mediterranean."Shipping lines are looking to increase the size of ships calling the Turkish Market which is a natural candidate for tonnage cascaded out of the Asia-Europe services" advised Mr. Trenchard, who also noted that the latest generation of Ultra-Large Container Ships, up to and including the 18,000 TEU capacity vessels, will be likely committed to the Europe/Far East trade lane, which transits the Mediterranean via the Suez Canal. The first of these vessels on order are scheduled to enter into service in 2013."Port design will have to reflect advances in vessel design and their new operational requirements" he noted, speaking on the subject of "Building Stability and Promoting Growth in the Mediterranean" presenting the perspective of a terminal operating company.APM Terminals is one of the leading terminal operating companies in the Mediterranean region with interests and operations in facilities in the ports of Algeciras, Spain; Port Said, Egypt; and ...

Hydrocarbons exploration in the Mediterranean Sea Turkey, which jointly with the Turkish Republic of Northern Cyprus (TRNC) is conducting hydrocarbons exploration in the Mediterranean Sea, has sent the third research vessel to the sea, the Sabah newspaper quotes the Turkish Energy Minister Taner Yildiz as saying on Monday.Yildiz said the second vessel after "Piri Reis" vessel, which is conducting 3D survey, was sent to the Mediterranean Sea 40 days ago.With regard to the third ship, Yildiz said it will conduct research in an area of 1,100 square kilometers. Thus, hydrocarbons exploration will be carried out by three vessels, which will enable rapid conduct of work.The Turkish research vessel "Piri Reis" left the port of Urla for the shores of Cyprus to conduct oil and gas exploration operations and has already completed the first phase of work in water area of 1,000 square kilometers.After Nicosia began working to develop the shelf near the shores of the island, Turkish Prime Minister Recep Tayyip Erdogan said Ankara will explore for oil and gas in the exclusive economic zone of Northern Cyprus along with the Turkish Republic of Northern Cyprus.Erdogan and President Dervis Eroglu of Turkish Republic of Northern Cyprus (TRNC) signed in New ...