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Congestion at three international seaports in Indonesia have become worse following a surge in goods shipment ahead of Idul Fitri 2010 and an increase in import flow, reported Bisnis Indonesia. The container capacity has been unable to accommodate surging flow of goods at the ports of Pontianak, Banjarmasin and Belawan. "Congestion at the three port...
Bintulu Port Holdings second quarter net profit surged more than 70 per cent and it expects 2010 numbers to be better, reported Business Times. The Malaysian port, ultimately owned by state oil firm Petroliam Nasional, posted a net profit of US$10.62 million in the quarter to June 30, against $6.18 million in the same quarter last year.Revenue was up 4....
THE Port of Miami has announced a US$46.9 million plan to increase rapid rail cargo to take advantage of the Panama Canal expansion in 2014 as many US east and gulf ports are also planning to do. "One train, over half a mile, can take the equivalent of cargo in about 120 trucks," Kevin Lynskey, the port's assistant director for business initiatives, to...
HONG KONG's China Merchant Holdings, a conglomerate mostly engaged in port operations, has posted a 56.1 per cent increase in first half net profit to HK$1.9 billion (US$244.2 million) against the HK$1.2 billion profit earned in the same period last year. Container volume at its terminals in China was up 22.5 per cent to 24,933,000 TEU, an increase fro...
The Brazilian government will take control of several Amazon ports due to alleged corruption and mismanagement. Ports minister Pedro Brito told local news media that the Special Secretariat of Ports (SEP) has decided to take action due to alleged corruption in the state management of port concessions. The ports affected are Port of Manaus, Rio Grand...
Salalah, the capital of Oman’s southern Dhofar region, has become a major international hub thanks to the expansion of its port, which has a capacity of 4.5 million TEUs, the Financial Times reported. The port is taking advantage of its favourable position, close to key trade routes such as the line between Colombo in Sri Lanka and the Gulf of Sue...
Chittagong Port Authority has invited quotations for the third time for appointment of berth operator for container and containerised cargo handling at the six general cargo berths, The Financial Express reported. The CPA has issued the invitation for tender for container handling at jetty no 6, 9, 10, 11, 12, and 13 for three years, officials said. ...
NEW ZEALAND's Lyttelton Port of Christchurch has suffered a 1.1 per cent decline in underlying annual earnings despite a 5.3 per cent increase in container volumes. The port saw net profit drop 10.4 per cent to NZ$9 million (US$6.34 million) in the year to June 30. Earnings before interest and tax of amounted to NZ$29.2 million, down from NZ$29.5 milli...
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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