Port News

Port of Halifax is bidding to attract trade flows from IndiaNov 15, 2010

The Port of Halifax in Canada, which is projected as the gateway to North America from India and South-East Asia, is trying to spread its wings in India, according to Exim News Service. In this connection, officials of the Port of Halifax recently held a meeting here to elaborate on their future plans in India. Talking to Exim India, Mr Homi Katgara...

Bad weather stops Rotterdam port's terminals operationsNov 15, 2010

Due to a heavy storm which is currently sweeping through the western part of Europe, terminals in Rotterdam have been subject to complete stop the last 12-14 hours, UNIFIDER press release said. Moreover, the ports of the UK East Coast and Bremerhaven have been characterised by stop and/or slow operations the last 24 hours. Finally, the Kiel-Canal will b...

Bangladesh ports open to India to revive US$20 billion trade Nov 15, 2010

THE Dhaka-Chittagong highway will be open to Indian trade providing access to Chittagong and Mongla ports and restoring long lost revive connectivity with all south-east Asia, said Bangladesh foreign minister Dipu Moni. This follows an agreement between India and Bangladesh, opening 260 kilometres earlier this year which included a US$1 billion pledge t...

Brisbane port sold for US$2.3 billion to Q-Port Holdings Nov 15, 2010

THE Queensland government has announced that the Port of Brisbane, one of Australian's fastest growing container ports, will be sold for A$2.3 billion (US$2.31 billion) to Q-Port Holdings, a consortium of Middle Eastern and local investors, reported Australian Broadcasting Corporation. Queensland Treasurer Andrew Fraser said this is a good deal for the...

NY-NJ Terminals spar with waterfront commissionNov 12, 2010

New York-New Jersey marine terminal executives testified they're doing what they can to chip away at inefficient labor practices such as paying union timekeepers up to 27 hours a day, but they said the changes must be made through collective bargaining, not under pressure from the Waterfront Commission of New York Harbor.   "I don't like the idea ...

Ten-month throughput of Ust-Luga Port up 19% to 9,776m tons Nov 12, 2010

Freight volume handled at the port of Ust-Luga (Leningrad region) in January-October 2010 rose by 19% vs last year’s figures, to 9,766,000  tons, the Ust-Luga Company’s press service said. In ten recent months the port’s operators transshipped 48,114 vehicles. In October stevedoring companies of Ust-Luga port handled 1,374,000 ton...

Merger of ports of Kotka and Hamina Nov 12, 2010

At a meeting on November 8th, the City Councils of Kotka and Hamina endorsed the merger of the port companies of Kotka and Hamina. The new HaminaKotka Satama Oy Port will reportedly start operating on May 1, 2011, Port of Kotka press release said. As a result, the largest general and export port will emerge in Finland’s Kymenlaakso region. Among t...

Qingdao to inject $1.5b in port expansion Nov 12, 2010

The Port of Qingdao, the world's ninth largest, will triple its annual investment from more than US$452.96 million $1.51 billion in 2011, said Chang Dechuan, president of Qingdao Port (Group). He added that Qingdao would also construct a 300,000 tonne oil dock and a 250,000 tonne coal dock, reported China Daily. "Next year will be crucial for the p...

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