CSX has announced it is to invest US$160m over the next few years to improve its ability to move freight from the Port of Virginia to the US Midwest. The improvements will complete the company’s US$860m ‘National Gateway’ project, a double-stack rail initiative designed to create a more efficient freight transportation link between the ...
BRITAIN's biggest container port, Felixstowe, north east of London, owned by Hong Kong's Hutchison conglomerate, will receive a European Union EUR5 million (US$7 million) grant to defray costs of building the EUR37 million the New North Rail Terminal. The EU said that the main purpose of the grant was to support a cargo shift from road to rail and reduc...
PAKISTANI officials have announced that China will take control of operations of the Port of Gwadar in the western region of the country not far from the Iranian border, to build a naval base for Pakistan, the Wall Street Journal reported. While China constructed the Gwadar port, it is currently operated by PSA International, a Singaporean state-controll...
WASHINGTON State's Port of Tacoma posted a 5.2 per cent year-on-year cargo increase to 112,908 TEU in April with a 7.9 per cent increase to 465,100 TEU year to date. April imports were up 11.1 per cent year on year while exports increase 15.8 per cent to 29,213 TEU. For the year to date, laden import boxes were up 6.3 per cent and laden exports were up ...
THE Port of Hamburg posted an 18.2 per cent increase in container volume to 2.1 million TEU in the first quarter and a 9.8 per cent gain in total cargo throughput, port authorities announced. By comparison, Rotterdam posted a 10.1 per cent increase in box volume while Antwerp reported a gain of 7.9 per cent. Total seaborne cargo throughput in Germany...
Huandian Power International is planning to construct a terminal in Laizhou, Shandong with annual throughput of 3.4m tons, which is the first power and port combined project of the company. The company will raise RMB70m through a stock issuance to build two 35,000dwt berths and a 35,000dwt class shipping channel. The total project investment is RMB621m. ...
Mitsui O.S.K. Lines, Ltd. announced an agreement to introduce the Third Year Program with seven merchant marine schools in the Magsaysay Institute of Shipping (MIS*1) in Philippines. The move is aimed at cultivating seafarers who support for high level of safety standards in vessel operation, the company's press release said. MIS selected new Filipino se...
The denial of security clearance to the Adani Group's bid for developing and operating a container terminal at Jawaharlal Nehru (JN) port near Mumbai is a first for any Indian firm since the nation opened its ports to private investment in the late 1990s, reported the Mint. The government has earlier denied such clearances to Chinese companies or only th...
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