Port News

Jaxport volume up 10pc, breaks record at 846,580 TEUNov 8, 2010

A RECORD number of containers moved across Jacksonville docks in 2010 marking its second year high, up 10 per cent year on year to 846,580-TEU. The volumes were attributed to a record number of ships at 1,947 to the end of September, and its retention of its title as the second busiest vehicle handling port in the US at 519,000 vehicles. According t...

Russia's NCC volume up 26.5pc to 1.06 million TEU in 2010Nov 8, 2010

THE National Container Company (NCC), the leading container terminal operator in Russia and CIS, posted an all-terminal throughputs from January to October of 1,064,065 TEU, a year-on-year increase of 26.5 per cent. NCC's share of the Russian container handling market reached 40 per cent, the company claimed. This rare press release came shortly af...

China Merchants invests US$154 million in Lagos container terminal Nov 8, 2010

HONG KONG-listed China Merchants Holdings International, a major Chinese port investor and operator, announced it would form a joint venture and invest US$154 million to buy a 47.5 per cent shares in a Lagos's Tin Can Island Container Terminal operator from ZIM Integrated Shipping Services, reports Bloomberg. In a statement to the Hong Kong stock excha...

Port Tracker: No double dip, US box volume to rise 9pc in NovemberNov 8, 2010

IMPORT cargo volume through major US retail container ports continued to slip as the peak season comes to an end, yet it was still expected to rise nine per cent in November over the same month last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. "We continue not to project a d...

Korean yard bribery scandal unfoldsNov 5, 2010

A couple of bribery scandals have rocked Korea’s shipbuilding industry. 
15 executives at two shipbuilding companies, Hyundai Samho Heavy Industries and Daehan Shipbuilding, were booked Thursday on suspicion of accepting bribes to the tune of hundreds of million won. 
12 executives and staff members of Hyundai Samho and three at Daehan are involved in...

ICTSI 9-month profit up 97pc to US$73 million, TEU volume up 21pcNov 5, 2010

MANILA's International Container Terminal Services Inc (ICTSI), a major global port operator, has reported a 97 per cent net profit increase to US$73 million for the first nine months of the year, drawing on revenues of $380.6 million, an increase of 27 per cent. Pre-tax profit stood at $182.4 million, a 41 per cent increase year on year. The higher net ...

Yangtze to have 2,800-kilometre water expressway to ShanghaiNov 5, 2010

CHINA's Yangtze River will build a 2,800-kilometre water express artery from Yunnan to Shanghai in five years, said Tang Guanjun, director general of Changjiang (Yangtze) River Administration of Navigational Affairs, MOT at the Mississippi-Yangtze Strategic Cooperation Forum in Chongqing, reports Xinhua. The express artery will be created by means of a s...

Rizhao port's throughput up 23 pc in first nine monthsNov 5, 2010

EAST China's Rizhao port posted a 23 per cent increase in throughput to 170 million tonnes in the first nine months, reports Xinhua. The port's authority said Rizhao port plans to handle over 210 million tonnes of cargo through 2010, creating another one million tonnes of volume over 2006. The expected throughput's growth is to rank the first among the...

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Qingdao Saint Voyage Log

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