Port Timaru's after-tax profit plummeted $742,820 to $466,470 this year after container numbers dropped by 27 per cent, reported Timaru Herald. Chief executive Jeremy Boys quick to point out the operating profit of $1.1 million had been significantly reduced by restructuring, tax changes and depreciation, but overall debt had been reduced from $6.63 mi...
Sharjah: UAE port and logistics group Gulftainer is to assess a raft of acquisitions in Russia and the Commonwealth of Independent States (CIS) through its new joint venture with Prominvest, a financial and investment arm of Russian state corporation Russian Technologies. Gulftainer and the Moscow-based Prominvest signed a deal last week at the Black Se...
FRENCH transport workers protesting the government's recent decision to increase the retirement age from 60 to 62 went on strike, stopping throughput at container terminals at Mediterranean and Channel ports. The one-day strike marked the second this month, which saw container operations at Le Havre and Marseilles come to a halt, reported London's Int...
MANZHOULI, the largest overland customs checkpoint in China, on the Inner Mongolian border, recorded a vegetable export volume to Russia of 123,000 tonnes from January to August, up 25.1 per cent year on year, which is 511 tonnes per day, Xinhua reported. Value of these vegetable products increased 7.7 per cent to US$20.67 million. Manzhouli started...
The port of Los Angeles will ask the Los Angeles Board of Harbour Commissioners for an adjusted schedule for implementation of certain provisions of the Port of Los Angeles clean truck programme concession agreement that were previously enjoined by the federal court. Port staff will recommend approval of an adjustment of the dates for licensed motor car...
Abu Dhabi: Hyundai Engineering and Construction Co has won a $329m contract from Abu Dhabi Ports Co (ADPC) for site works at its offshore terminal facility at the new Khalifa Port and Industrial Zone. Hyundai will provide project management, design, procurement, construction, testing and commissioning of all civil works associated with the construction ...
OPERATORS of container terminals are being urged to study their shipper, forwarder and shipping line customers more carefully during times of crisis, according to a new report from Ocean Shipping Consultants (OSC). Container Terminal Management-A Post-crisis Perspective maintains that during the 2008-2009 global financial crisis, loss-making shipping li...
AUSTRALIAN stevedoring company Asciano has made a submission to the local government that the Port of Melbourne be closed by 2040 and the container trade to be moved to Geelong and Hastings. The benefits are said to include more residential land in Melbourne, and a regional development bonus for Geelong and Hastings where container handling capacity cou...
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