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Vietnam National Shipping Lines (Vinalines) plans to sell its 21.8 percent stake in Vietnam Container Shipping JSC, a provider of marine port services within the next three months, according to Vietnam News Brief Service. The move is aimed to re-restructure its capital sources. Vinalines, the largest state-owned shipping and port operator in the cou...
Mumbai: Indian port operator Gujarat Pipavav Port has seen a strong response to its debut on the Bombay Stock exchange, raising about Rs 5bn ($108.2m) from the IPO that was subscribed 19.5 times. The port, whcih is an APM Terminal facility, plans to use about 60% of the proceeds to reduce its debt of Rs1,075 crore, while another 150 crore will be for expans...
INDIAN regulators have launched a probe into allegations that the AP Moller-Maersk units have been using their "influence" to force Indian shippers to use container facilities at Gujarat Pipavav Port (GPPL). Shippers claim the Danish group's container shipping divisions, Safmarine and Maersk, have agreed to only provide shipping services in Guja...
SUZHOU province's Taicang port has launched two additional direct services to Taiwan, bringing a total of four regular services weekly to this route, reported Xinhua. The port, 60 miles upstream from Shanghai, handled 22,300 TEU from January to July for its Taiwan line, which nearly equalled the 23,112 TEU throughput last year. It is also the port wher...
Leningrad Shipyard Pella JSC handed over to FSUE Rosmorport the tugs Aleut and Hasan of Project 90600, well in advance of contractual deadlines, the shipbuilding enterprise press service said. The tug overall dimensions: 25,5 x 8,8 m, the main rated engines - 2 x 746 kW, propulsion - US RMC 155, the tug’s bollard pull on hook - about 25 tons, Ice ...
The Government of Canada has transferred the ownership of Port Stanley's marine facilities in southwestern Ontario to the Municipality of Central Elgin. "This transfer arrangement will put control of the port directly into the hands of the municipality, to benefit the community and contribute to the local economy of Port Stanley for generations to come...
Sri Lanka Ports Authority has signed a $450 million arrangement with China Merchants Holdings and local conglomerate Aitken Spence to expand Colombo port's cargo handling capacity. The joint venture will result in the construction of three terminals in Colombo port adding a total 7.5 million twenty-foot equivalent units (TEU) on top of the port's curr...
Eight-month freight traffic volume passing through Vostochny Port JSC rose by 1% from the same period in 2009 and amounted to 9 million 964.800 tons of different cargoes, the company press service reports citing operational data of the port’s central control room. In August this year 1,357,900 tons of cargo passed through the Vostochny Port’...
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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