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OOCL has announced its participation in the Fair Winds Charter, a voluntary shipping industry initiative which has been facilitated by the Hong Kong Liner Shipping Association, Hong Kong Shipowners Association, and Civic Exchange (a Hong Kong-based independent think tank). OOCL vessels will switch to 0.5% or less sulphur fuel in the auxiliary engines of...
Cai Lan International Container Port, a Vietnam-US joint venture, will build three container yards at the deepwater seaport in the northern province of Quang Ninh in December. With the construction of these yards, the port is expected to raise its annual capacity to 1.2 million TEUs, including 510,000 TEUs in the first phase, the Dau Tu newspaper report...
State-owned China Ocean Shipping (Group) is in talks to invest in a container terminal in the Taiwan city of Kaohsiung that is being jointly developed by port investor Yang Ming Marine Transport Corp and the Taiwan government. "The deal, if completed, would be done by our port investment arm Cosco Pacific and Yang Ming Marine, but no details have been c...
TIANJIN Port Group Chairman Yu Rumin has revealed plans to invest CNY100 billion (US$15 billion) on upgrading its facilities in the upcoming five-year plan from 2011 to 2015. The port will spend the money on raising its throughput capacity, deepening its sailing channels, increasing container cargo, cooperating closer with its inland port partners on in...
Hong Kong: China Merchants Holdings International has agreed to form a joint venture that will buy a 47.5% stake in Lagos's Tin Can Island Container Terminal in Nigeria from Israel's Zim Integrated Shipping for $154 million, reports Reuters. China Merchants will own 60% of the venture, with China-Africa Development Fund (CADF) taking a 40% stake after...
THE California Transportation Commission has agreed to fund the US$950 million replacement for the Gerald Desmond Bridge through state highway and transportation bonds worth $500 million and a federal contribution of $300 million. Port of Long Beach director Richard Steinke said that $100 million had been allocated since 2005, which would take five year...
DUTCH ports of Amsterdam, Moerdijk, Dordrecht and Rotterdam will reward clean ocean-going vessels with discounts on their port dues through the new international standard for ships' emissions of the Environmental Ship Index (ESI). The ESI is a certificate that will be awarded by the World Port Climate Initiative, at the request of the ship, as of Janua...
THE Tampa Port Authority (TPA) said it welcomes Zim American Integrated Shipping's decision to expand its South America Express (SAX) service to include Tampa and the US Gulf. "We are delighted to now have direct connections to Brazil and Venezuela which will provide for more competitive service and transit times for Central Florida exporters and impor...
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.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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