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Hubei province hopes to tap Hong Kong's deep-pocketed investors for a huge splurge on infrastructure as it seeks to turn itself into a mainland transport hub, reported the South China Morning Post. The provincial government of Hubei is seeking investment from Hong Kong companies for more than 150 projects on which massive budgets have been lavished. It...
The centuries-old canal network in the Yangtze River Delta will get a multibillion-yuan injection to allow goods to be moved more efficiently around the ports of Shanghai and Ningbo, reported the South China Morning Post. Tom Lau Ko-yuen, managing director of port-operator PYI Corp, said the government aimed to use the canals to reduce worsening congest...
Cargo port operator Asian Terminal Inc (ATI) posted a net income of US$20.76 million for the first six months of 2010, or 75.4 percent higher than the $11.84 million netted in the same period in 2009, reported the Philippines News Agency. The South Harbour-based terminal concessionaire also reported revenues of $56.92 million for the period in review si...
THE Panama Canal Authority and the Antwerp Port Authority have signed a Memorandum of Understanding (MoU) to foster commercial activity between the two authorities. The MoU is the first of its kind between the ACP and a European port, though they are common in the Americas. While seemingly empty public relations gestures, they are also regard...
Overall cargo tonnage at major ports in India grew by a mere 1 percent in the April-August period compared with a year earlier, according to the latest preliminary traffic figures released by the Indian Ports Association. The sluggish growth in the first five months of the fiscal year followed a 6 percent increase in throughput in the 2009-10 fiscal yea...
The State of Virginia will no longer consider three unsolicited bids from private investors who are seeking to lease its array of container terminals in Hampton Roads, Virginia Secretary of Transportation Sean T. Connaughton announced Friday. Though the process of reviewing the unsolicited bids is ending, Connaughton said the state will undertake an eva...
Freight flows through Port of Tallinn (Estonia) in January-August increased 16.6% from the same period in 2009 to 24,228,800 tons, port's container volume rose 13.8% to 100,639 TEUs, the Port Authority press release said. In Jan-Aug. this year, the port stevedores handled 16, 867,200 tons of liquid bulk cargo (+8% over the same period last year), 3,855...
Container volume growth at Shanghai and Shenzhen ports rose at a double-digit pace to historic highs last month, surpassing the expectations of some analysts. Shanghai overtook Singapore as the world's busiest container port in April and Shenzhen displaced Hong Kong as the world's third busiest port in July, reported the South China Morning Post. ...
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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