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Indonesian state port operator Pelindo II projects Tanjung Priok port will handle up to 9.5 million TEUs by 2020, rising 113 percent from the current four million TEUs, reported Bisnis Indonesia. President director of Pelindo II Richard Jose Lino said the projection was based on the construction of a new pier in the southern part of the port through the...
Colombo: Sri Lanka Ports Authority has invited overseas investors to participate in tenders for a variety of projects to develop its port of Hambantota. “Bulk cargo handling, storage facility, warehouses, transhipment and all others are open for investments. But we will handle oil bunkering. We don't want to give it outside," Sri Lanka Ports Authorit...
THE Port of Marseilles-Fos first half container volume increased 17 per cent to 510,819 TEU, making it likely it would hit the one million TEU mark by the end of the year. Volume at the Fos terminal increased 12 per cent to 375,203 TEU in the first half while intra-Mediterranean volume rose 36 per cent to 135,616 TEU though that growth was somewhat help...
A BILL to allow seaport municipalities to enforce environmental regulations on trucking firms, has been introduced by New York Democratic Congressman Jerrold Nadler, reported American Shipper. But shipping interests see the bill as a pro-union ploy to destroy hard-to-organise small owner-operators who find it difficult to raise money meet ever more expe...
The European Bank for Reconstruction and Development (EBRD) is considering a $90 million loan to finance part of the construction costs of the first-phase construction and the further development of container terminal of projected annual capacity of 345,000 TEUs. The terminal is located on the Fourth Stevedoring Company’s cargo area (of the Seaport of...
The half-year consolidated net income of the Port of Tallinn shrank by 11% to 245m kroons (versus EEK 275m in H1, 2009), Baltic Course reports citing LETA/National Broadcasting. The PT’s income drop was due to the growth by 67 million kroons in the cost of income tax on dividends. In 2009, most of the income tax on dividends was reflected on the s...
Stockpiles of imported iron ore at China's major ports climbed to 75.46 million tonnes this week, up 1 percent from last week, industry consultancy Mysteel said on Friday. Chinese spot iron ore prices have been on the rise since last week, bolstered by rebounding steel prices and India's ban on exporting iron ore. However, most Chinese steel mills...
Singapore Airport Terminal Services (SATS) lifted its first quarter net profit by 9.7 per cent to US$31.44 million as all businesses and divisions delivered growth, reported Business Times Singapore. The rise in earnings came as topline revenue climbed 8.6 per cent to $271.24 million, from $249.66 million, during the April-June 2010 quarter, thanks to h...
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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