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THE British government is to encourage privatisation of ports by selling bonds to raise revenue to fund modernisation and future development for ports and transport infrastructure. According to the Treasury commercial secretary Lord Sasson, the 52-page report on the National Infrastructure Plan privatisation at trust ports is aimed at "UK's growth and co...
SINGAPORE has moved to tighten restrictions on trade with North Korea and Iran, in keeping with the sanctions imposed by the United Nations Security Council. Trade between Singapore and the two states accounted for 0.4 per cent of the island-state's total trade value of US$747 billion (US$577.3 billion). Singapore Customs has announced it had "put in p...
PD Ports, the UK’s fourth largest port, has been recognised for its successful ‘portcentric logistics’ business strategy by winning the Supply Chain Partnership Award at the annual IFW Awards. The other finalists were CitySprint, Allport, DAP UK, GKN Freight Services, NNR Global Logistics and NYK Logistics. The award recognises the compan...
Christchurch's Lyttleton Port has achieved record container volumes in the first half of the year and despite challenges brought on by the city's 7.1 magnitude earthquake of September 4, which closed port operations, the second half's export and import figures were robust averaging NZ$1 million (US$750,00 million). According to the Shipping Gazette, co...
Taiwan is set to get its first investment from mainland China in a port next year when shippers COSCO and China Merchants (0144.HK) take a stake in a terminal run by Yang Ming Marine at the island's biggest port of Kaohsiung. In a further sign of growing links between the two former political foes, Yang Ming said on Thursday the Chinese entities pla...
Trading was suspended today of shares of Shanghai International Port (Group), China's biggest port operator, as it announced plans to sell 1.76 billion shares at 4.49 yuan apiece in a private placement of shares to buy two port projects from its parent. SIPG is not the only port entity to being making waves on the Shanghai stock exchange. Hong Kong-listed ...
US south eastern railway, CSX Corporation, is telling Jacksonville Port Authority (Jaxport) to build on-dock so containers can move swiftly to and from trains to undercut the attraction rival Savannah port has for Asian cargo. CSX vice president Fredrik Eliasson said an intermodal container transfer facility would leverage the existing and planned Asian t...
CENTRAL China's Chongqing city will begin testing its project rail service to Duisburg, Germany this November, reports Xinhua. The new train service will go through Chongqing, Daizhou, Ankang, Xian, Lanzhou, Urumqi, Alashankou Pass, entering Kazakhstan to Russia, then to Poland and Germany arriving at Duisburg within 13 days, covering 11,179 kilometres (...
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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