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Despite slimmer revenues, Portek fattened its net profits by 46.7 per cent to US$9.25 million for the year ended June 30, reported Business Times Singapore. Revenues for the port operator and engineering group dipped 9.5 per cent to $92.23 million. It managed to improve operating margins due to “more efficient engineering project execution and...
THE Port of Rotterdam Authority expects cargo throughput could jump from around 420 million tons at present to 575 million tons and to 740 million tons by 2030. On the basis of three different economic scenarios, the port authority has made throughput estimates covering 20 years, reports the American Shipper. The port said these projections form the bas...
THE Port of Singapore continues to rank as the world's busiest container shipping port despite shrinking volumes during the global trade downturn. According to Newark's Journal of Commerce list of the Top World Container Ports, China's ports "largely weathered the worldwide recession and gained greater prominence," said the report. The world's l...
A CONTAINER loaded with old computer parts originating in Brunei has been seized in the southern Indian city of Chennai by the Directorate of Revenue Intelligence (DRI), who described the incident as a case of "e-waste dumping." Officers from the DRI netted the consignment from Brunei marked for Venus Metals in the suburbs of Chennai. The shipment was m...
The Maritime and Port Authority of Singapore (MPA) and South Korea's Ministry of Land, Transport and Maritime Affairs (MLTM) signed a Memorandum of Understanding (MOU) on Monday to strengthen maritime relations between Singapore and the Republic of Korea. The MOU is said to provide a platform to enhance the collaborative efforts to promote the safety o...
Ports in India will be allowed to outsource all future clean-up operations to global agencies with expertise in the area. According to the Press Trust of India (PTI) news agency, the Ministry of Shipping agreed on this after reviewing India's preparedness to handle oil spills. 'We are most likely going to outsource it, as it is not possible for po...
China-based ports investor Cosco Pacific said its Piraeus container terminal, acquired in the face of fierce opposition including a strike by Greek dockworkers, contributed "significant growth" in first half revenue. The Piraeus facility generated revenue of $46.6 million in the first half of 2010, helping to boost overall terminal revenue more than 131...
The Port of North Dakota on Monday shipped its first container load of agricultural commodities to international markets. The intermodal terminal, located in Minot, N.D., is served by the BNSF Railway. The inland hub is expected to attract export commodities within a 150-mile radius for shipment to West Coast ports. Plans for locating an inland inte...
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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