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APM TERMINALS plans to invest US$120 million at the Port of Monrovia in Liberia, after signing a 25-year concession agreement to operate the facility. The funds will be spent over the course of the privatisation contract. Most of the investment will finance the construction of a quay, establishment of efficient yard handling procedures, and the installa...
SOUTHEAST Fujian province registered a 23.7 per cent growth in container throughput to 6.4 million TEU in the first three quarters, reaching 83.1 per cent of its annual objective, reports Xinhua. The Fuzhou city's port handled 1.1 million TEU with a 23.2 per cent year-on-year increase, while Meizhouwan port hit 1.01 million TEU, up 13.4 per cent, Xiame...
BELGIUM's Port of Antwerp, the largest port in Europe after Rotterdam, increased container volume 16.9 per cent year on year to 6.3 million TEU in the first nine months of 2010, nearing pre-crisis records set in 2008. Overall tonnage is expected to rise to 175 million tonnes by year's end, said the port authority. Ro-ro totalled 2.7 million metric ton...
THE world's nine largest container ports have suffered a six per cent drop in box shipping volumes in September, compared to the previous month when global box volumes peaked. Volumes are expected to remain weak over the next four months, as the seasonally weak winter period draws near, reports Alphaliner. On the other hand, all the main container ...
The container volume handled by the Port of Charleston in the quarter ended Sept. 30 surged 18 percent above the same quarter last year, making it the best quarter for container shipments since 2008. The South Carolina State Ports Authority said Charleston's container volume for the three months from July through September totaled 352,295 20-foot equiv...
The Baltic Sea shipping company Tallink reports a strong fourth quarter of the 2009/2010 financial year, the net profit lands at EUR 42 million, up 34 per cent. The net profit for the whole year ends at EUR million. Some 2.8 million passengers travelled with Tallink in the fourth quarter, up 5.1 per cent. Tallink reports 8.4 million passengers in total, up ...
China's third-largest oil and gas firm CNOOC on Wednesday started building a new liquefied natural gas (LNG) receiving terminal in Guangdong, its second in the southern Chinese province. The first phase of Zhuhai Jinwan LNG terminal, approved by the National Development and Reform Commission in March, will be able to take in 3.5 million tonnes of LNG p...
Container volumes at the world's top nine ports fell by six percent in September from the previous month, an indication of weakening demand in global trade, market intelligence provider Alphaliner said in its weekly report. Shanghai, Singapore, Hong Kong and six other leading container ports all reported a drop in volume after reaching this year's pea...
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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