Port News

Panama expansion to boost Virginia ports market share Nov 24, 2010

THE Port of Hampton Roads, Virginia, is getting ready to share in the bounty of the Panama Canal expansion with new facilities to take in more cargo from Asia, according to Jerry Bridges, executive director at the Virginia Port Authority. "I see the Panama Canal being completed and cargo and big ships are starting to roll into Hampton Roads. Five years ...

Port of Yueyang development plan approved Nov 24, 2010

PORT of Yueyang's development plan has been approved by China Ministry of Transportation, Xinhua reports. The port is situated on the bank of Yangtze River in central China's Hunan province. According to the plan, it will comprise four major port areas of Yueyanglou, Qilishan, Chenglingji and Daorenji, as well as seven other port areas of Lucheng, Jun...

Qingdao annual container volume to surpass 12 million TEUNov 24, 2010

CHINA'S second largest port for foreign trade, Qingdao, estimated that its container throughput will exceed 12 million TEU by year's end. The port announced on November 13 that its throughput this year had hit 300 million tonnes, one month earlier than last year, and predicted that the yearly tonnage will reach 350 million tonnes. Qingdao said its...

Toxic gas halts salvage of grounded MSC Chitra in Mumbai Nov 24, 2010

TOXIC gas leaks has stopped Geneva's Mediterranean Shipping Co (MSC) unloading containers from the grounded 2,314-TEU MSC Chitra until the ship has been raised and the hold drained and ventilated. "Gases have restricted container recovery, sometimes to one or two per day. The monsoon has passed there is often no wind to clear gases, and the crane barge...

Plan to upgrade Hastings port ‘unrealistic’Nov 23, 2010

Developing the Port of Hastings as a high-volume container port is a "high-risk strategy", according to a major port player. A spokesman for Asciano, which is owned by Australian stevedoring giant Patricks, said the government's plan to move eight million containers a year through Hastings would fail due to lack of transport options, reported News Ltd....

Kerala to rope in banks to raise $553m for terminal Nov 23, 2010

The Kerala government has decided to rope in State Bank of Travancore as leader of a consortium of lenders to raise US$553 million for funding the preliminary work on Vizhinjam's transhipment terminal, reported The Press Trust of India. The proposal has been approved by the state cabinet. The SBT is an associate bank of the country's largest lender S...

Thoresen buys stake in Vietnam portNov 23, 2010

Bangkok: Thorsen Thai Agencies (TTA) has taken a 20% stake in a Vietnamese bulk port. The Bangkok-headquartered shipowner is paying up to $11.5m for a 20% stake in Baria Serec which owns and operates Phu My Port, Vietnam’s largest dry cargo port handling agriculture products, coal and fertilizer. The port, on the Thi Vai river upstream from Vung Tau, ...

Indian port privatisation receives fresh impetusNov 23, 2010

Mumbai: The Indian Private Ports & Terminals Association (IPPTA) reports that it has entered a new development phase, launching a number of initiatives to promote further port privatisation within India and to assist the Government in formulating policies for the port sector. To reflect this fact a new logo was launched earlier this month at a cerem...

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Transportation Center Connecting Asia and Europe Market

Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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