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RUSSIAN port operator Novorossiysk Commercial Sea Port has seen its first half profit soar 21 per cent compared to the same period a year ago despite falling cargo volumes. Net profit increased to US$155.5 million in the six months to June 30 from $128.9 million in the year earlier period on a 4.2 per cent rise in revenue to $348.2 million, reports Newa...
RUSSIA's Vladivostok Container Terminal LLC (VCT) saw its container throughput from January-September soar 50 per cent to 212,420 TEU year on year. In September, cargo throughput came to 25,609 TEU, a decrease of 4.5-per cent from the previous month, but a 33.5 per cent increase year on year, said the Russian Transport Daily Report. The port handle...
NORTH WEST India's Mundra Port, the nation's biggest privately owned container port, has announced it will build a new container terminal and increase its capacity 50 per cent from two million to three million TEU. The new terminal, the third in the state of Gujarat, is to open in 2012, according to Containerisation International. Mundra has the deepe...
CHITTAGONG port workers, port management and the government authorities are blaming each other for bringing near paralysis of Bangladesh's largest port of Chittagong. Shipping lines are reported to be waiting 10 to 15 days for cargo discharge as dockers block private berths, halting container handling, which met with demands from terminal operators for...
A new seaport may be built in Murmansk as part of a government initiative to develop the northern city as a key transportation hub, Deputy Prime Minister Sergei Ivanov said. Murmansk represents one of the country's most promising transportation hubs because its waters do not freeze in the winter and provide ships with direct access to the ocean, accord...
DP World announced the inauguration of a new US$500 million port in Peru, which is set to be one the biggest ports on South America’s Pacific coast, reported Dow Jones Newswires. The port is situated in the port district of Callao, outside the capital city of Lima. Known as Muelle Sur, it joins more than 50 terminals operated by DP World, that are...
The parliamentary standing committee of the shipping ministry has blamed the Chittagong Port Authority for mismanagement and poor service at the port, reported The Financial Express (Bangladesh). Chairman and whip Noor-e-Alam Chowdhury Liton after a meeting of the committee said the CPA cannot operate and handle the situation prevailing at the port. ...
Dredging delays have held up the opening of Vallarpadam, which is billed as India's first container transhipment hub, but Anil Singh, senior vice-president and managing director of DP World, Subcontinent, told Cargonews Asia that the port would be operational soon. "We are ready with cranes and other equipment and infrastructure," he said. The Indian gover...
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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