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Manila-based International Container Terminal Services, Inc. (ICTSI) reports unaudited consolidated financial results for the six months ended 30 June 2010, posting H1 revenue from port operations of US$246.9m, an increase of 31% over the US$188.8m reported last year. The revenue increase was mainly due to the increase in volumes in most of the Company&...
Konecranes port equipment has announced major upgrades throughout its heavy forklift range that will see a new high specification 33 tonne option and three new machines introduced with more uniform five tonne increments between models. The range encompasses 50 tonne, 55 tonne and 65 tonne models at 1200mm load centre. The SMV 65-1200 is believed to be the l...
Mumbai: The Coast Guard personnel rescued 33 crew members from two merchant vessels on Saturday morning, after they collided off the Mumbai harbour resulting in an oil spill in the vicinity of the Prongs Reef Lighthouse. The mishap occurred at 9.50 am, when a Panama-flagged merchant vessel MSC Chitra — which had left Jawaharlal Nehru Port (JNP) &m...
Tokyo: The government has designated two mega-ports as "International Freight Strategic Ports," which are to receive high-priority in budget allocations in an attempt to transform them into powerful international shipping hubs. Land, Infrastructure, Transport and Tourism Minister Seiji Maehara announced that "Hanshin Port" (consisting of Osaka and Kobe ...
Washington’s Port of Grays Harbor is $4 million closer to its goal of more than $15 million for construction of additional rail storage tracks in the marine terminal complex. The Pacific Coast port is looking to create rail infrastructure to handle thousands of automobiles and nearly one million tons of U.S. agricultural products and liquid bulk cargo...
Container traffic at major ports in India for the April-July period increased 14 percent over the same period last year, the Indian Ports Association said in a statement on Wednesday. IPA estimated total volume for the first four months of fiscal 2010-11 at 2.5 million 20-foot equivalent units. The ports of Jawaharlal Nehru (Nhava Sheva) and Chennai...
Adani Group company Mundra Port and SEZ (MPSEZ) is to pump in US$1.3 billion over the next three to five years for port development, reported The Economic Times. The company posted a 24 percent rise in its net profit and improved its cargo handling share to 8.3 percent from 6.7 percent. The company has set a target of 200 million tonnes of cargo han...
The volume of container cargo handled at South Korea's seaports jumped in July, as economic recovery resulted in a hike in trade, Yonhap reported. The volume of containers totalled 1.68 million TEUs last month, up 20.8 percent from the same period a year earlier, according to the Ministry of Land, Transport and Maritime Affairs. This marked the sec...
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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