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SINGAPORE's total trade rose by 4.7 per cent in the second quarter of 2010 compared to the previous quarter, almost half the 9.0 per cent expansion in the first quarter. On a year-on-year basis Singapore's total trade expanded by 28 per cent in the second quarter to reach S$228 billion (US$166.93 billion). A government statement said that total ex...
GUANGXI's Beibu Gulf ports' first half container volume increased 69.5 per cent year on year to 256,3000 TEU, reports Xinhua. The robust growth in the Pan Beibu Gulf, also known as the Gulf of Tonkin, was attributed to the fast developing logistics system which has become a backbone for regional economic development, particularly for trade with ASEAN ...
CARRIERS and logistics providers are warning of delays during the Muslim holy month of Ramadan from some Middle Eastern countries with reduced working hours of custom officers slowing down clearing of shipments. Ramadan will continue until Thursday September 9 affecting the movement of shipments causing some specialists like Dubai-based Move One to char...
HUBEI province, in central China, will invest more than CNY40 billion (US$5.9 billion) in new port infrastructure as part of the provincial five year plan, which is expected to exceed investment made in the previous 11 five year plans. The focus will on the modernisation of Wuhan New Port as a hub in the middle reaches of Yangtze River. Other major cons...
The port of Itajai in Brazil is once again open to large container vessels after its sudden silting two years ago by flash floods. The port authority was forced to reduce the size and draught of vessels that could enter the port, which hit the port’s revenue severely , especially at a time when the world’s shipping economy was experiencing a sev...
Manila: International Container Terminal Services Inc., the largest Philippine port operator, plans to spend $600 million expanding facilities in Latin America as economic growth spurs trade. The company will make the investments in Argentina, Mexico and Colombia during the next two years, Chairman Enrique Razon told reporters today after a shareholders mee...
Mumbai: Geneva headquartered Mediterranean Shipping Company has stated that its vessel MSC Chitra was not to blame for the collision with the merchant vessel Khalijia on Saturday. In a statement to the press, MSC said that it has performed a preliminary review of the vessel’s black box recorder. It states “While the preci...
Jakarta: Indonesia's state port firm will start building a new container terminal in Jakarta this year. The first phase of the 22 trillion rupiah ($2.45 billion) project is expected to be completed in two years. The terminal project is part of a government plan to expand Jakarta's main Tanjung Priok port. "Tanjung Priok's volume at this moment is...
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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