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Mumbai: Gujarat-based Pipavav port launched an IPO today with the intention of raising Rs 500 crore. The company has stated that that the money would be used to repay loans and invest in infrastructure facilities at APM Terminals Pipavav. Part of the funds will also be allocated for capital expenditure and general corporate purposes. However, Gujarat Pi...
Manila: International Container Terminal Services Inc (ICTSI) has denied construction of its new berth in Manila is illegal. At the weekend Manila vice mayor, Francisco Domagoso alleged the berth six at Manila International Container Terminal was being carried out “in secret” without the permission of the city government. “The development ...
THE annual Port Maritime Security conference will be held from September 14-15 in Sydney, where experts will be sharing their specialist security knowledge and counter-terrorism experience, especially, as pirates continue to launch attacks on ships plying commercial trade routes. Neptune Maritime Security director Nigel Booker will discuss security stan...
BECAUSE of the global container rebound, LA-Long Beach's PierPass organisation, has said that 11 of the 13 terminals will open a fifth off-peak shift by September 8 and start working weekends again. PierPass, representing LA-LB terminal operators, was first established in southern California to administer the so-called OffPeak programme which called th...
Petrolesport JSC (part of Global Ports Group) has completed handling of the Santa Giulianna container carrier, the N-Trance press service said. The fist call of the vessel of the ocean line operator Hamburg Sud at the Russian port took place yesterday. The ship of capacity of 2,000 TEUs, docked at the Petrolesport’s terminal to take 757 cont...
The new grain cargo transshipment complex started operating on the territory of state-owned Odessa Commercial Sea Port (OCSP, Ukraine), the Port Authority press release said. The handling facility was commissioned a day before, at a ceremony attended by the Deputy Minister of Transport and Communications of Ukraine Oleg Bondar. Since early 2009, the por...
Port developer and operator International Container Terminal Services Inc (ICTSI) has sold its shares in a shipyard and a real estate in order to focus solely on its port and terminal operations. The shares sold come from ICTSI's 9.54 percent holdings in the Subic Shipyard Engineering Inc (SSEI), which was disposed to Keppel Marine Philippines Inc (KPM...
Shanghai: Shanghai International Port Group, operator of China’s number one port, saw profits jump 52% in the first half. SIPG said in statement to the Shanghai Stock Exchange on Saturday that net profits hit 2.6bn yuan in the first six months. In the first half SIPG handled 13.86m teu, up 18.8% year-on-year and a total of 211.5m tons of cargo, up 24....
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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