Port News

Newcastle port to see coal terminal expansionAug 12, 2010

Perth: Newcastle Coal Infrastructure Group, which is partly owned by BHP Billiton Ltd, has completed financing for a A$900 million (US$824 million) expansion of a terminal at the port in Australia’s New South Wales state, writes Sandandgravel. Export capacity will rise to 53 million tonnes a year from 30 million tonnes now, the group, known as NCI...

Hunan's sea freight volume rises 11.4pc Aug 12, 2010

HUNAN sea freight volume reached 67.29 million tonnes in the first half of 2010, increasing 11.4 per cent year on year. This growth rate was faster than other ports located in Yangtze River, reported Xinhua. In the first six months of 2010, all ports in Hunan handled 103,000 TEU, representing a 37.7 per cent increase year on year. It is reported that co...

Manila's ICTSI first half profits up 83pc to US$42.2 million Aug 12, 2010

MANILA's global port operator International Container Terminal Services Inc (ICTSI) first half volumes surged 83 per cent year on year to 2.01 million TEU with net profit rising 83 per cent to US$42.2 million drawn on revenues of $247 million. Robust volumes saw its Manila International Container Terminal rise 28 per cent to 811,081 TEU while its Brazi...

Government orders Mumbai box debris cleared by SaturdayAug 12, 2010

THE Indian government has set a Saturday deadline for salvagers from Smit Internationale NV to remove containers spilled into the sea off Mumbai after the 2,314-TEU MSC Chitra collided with the 41,829-ton bulk carrier Khalijia 3. Salvagers are removing four to six boxes a day of the 300 in the water, according to Shipping Minister official Rakesh Srivas...

Riga Port’s throughput up 0.4% in Jan-Jun., to 17.28m tons Aug 11, 2010

Freight traffic volume though the port of Riga (Latvia) rose to 17,278 million tons in January-July, 2010, a slight 0.4-percent gain from the same period a year earlier. According to the Port Authority, the volume of bulk cargo dropped by 9.6%, to 10.079 million tons, liquid bulk - by the same 9.6 percent, to 3.49 million tons, general cargo soared by 67.6%...

Saudi Arabia's fund and Singapore's port authority to sign port deal...Aug 11, 2010

Saudi Arabia's state-run Public Investment Fund and Singapore's port authority are expected to conclude, within one week, an agreement to expand King Abdul Aziz Port in Dammam in the east of the kingdom, pan-Arab Asharq Al Awsat daily reported Saturday, citing a senior Saudi official. The project aims to more than double the port's capacity and involves ...

Tianjin Port to issue RMB 1 billion in short-term billsAug 11, 2010

Tianjin Port Group, the largest port operator in North China, yesterday announced that it will issue RMB 1 billion worth of short-term bills with a maturity of 365 days on the interbank market on Aug. 12, market sources reported. The firm said in a statement that the bills will be issued at face value and that the yield will be determined in the process...

Fremantle port deepening sparks concernAug 11, 2010

The second phase of deepening the Fremantle Inner Port commenced last week, but not without criticism, reported the Fremantle Cockburn Gazette. While the first phase removed the sand layer, the second breaks up and removes limestone from the river, which is then deposited 7km off Cottesloe Beach. Fremantle Ports chief executive officer Chris Leatt-H...

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