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The Spanish port of Valencia has been equipped with radiation detection equipment as part of a cooperation between the U.S. Embassy in Madrid, Spanish Customs, and the Port Authority of Valencia. "The commissioning of the Port of Valencia underscores the continued shared commitment of the U.S. and Spain to enhance global maritime security," said Ken Bak...
Vietnamese Deputy Prime Minister Hoang Trung Hai has approved Vietnam National Shipping Lines (Vinalines) to set up a joint venture with three Japanese companies to build two wharfs costing US$350 million in the northern city of Haiphong, according to Vietnam News Brief Service. Japanese firms Mitsui O.S.K Lines, Nippon Yusen KK and Itochu Corporation a...
INDIA's major state-owned ports saw a 10 per cent increase in the volume of containers handled in the first five months of fiscal 2010-11 ending August 31, to total three million TEU, according to the Indian Ports Association. While almost all major ports increased their throughput numbers on a year on year basis, the biggest gainer was the Port of Che...
SHARES in Ningbo Port fell below their IPO price on their Shanghai trading debut, the Wall Street Journal reported, adding that the company now intends to seek a separate listing in Hong Kong. Ningbo shares opened at CNY3.72 (US$0.55), but closed down 3.5 per cent at CNY3.57. The company sold two billion A-shares in its IPO - fewer than planned - at the...
Tianjin Port Group, the largest port operator in North China, is likely to see its cargo throughput reach 400 million metric tons this year, said Yu Rumin, chairman of the port operator Yu said that the group's container throughput will achieve the target of 10 million twenty-foot equivalent units this year. In the first seven months of this year, the ...
India is looking at investing about USD 20.8 billion in 276 projects which are part of the government's endeavour to expand 13 major ports in the country, Shipping Minister G K Vasan said here today. Addressing an 'Indian Port and Maritime' seminar, Vasan said 22 projects are ready for bids as the country's pressing on increasing the port capacity, ...
The initial public offering (IPO) of Ningbo Port Company A shares at RMB 3.7 (US$0.55) in Shanghai earlier this month (September) has valued the business at RMB 7.4bn (US$1.1bn). According to Reuters, demand for the IPO, China's third largest offering this year, was strengthened by increased confidence of a rebound in the global economy that could see ...
Georgia Ports Authority (GPA) recorded a 22 percent container throughput growth in August, nine consecutive months of double-digit growth this year. "August represented the second highest total containers handled through our ports, and the month's total volume was only slightly behind the record set in July 2010," said executive director Curtis Foltz. ...
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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