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DP World has confirmed that it will have invested $735m by 2012 in developing the Muelle Sur project at the Peruvian port of Callao. To date, it has spent $500m on building and equipping the facility, where operations were scheduled to start in May. The money has been spent on gantry cranes, stacking yard, warehouses and administrative buildings. The co...
The South Korean Ministry of Land, Transport and Maritime Affairs said that it has signed a memorandum of understanding (MOU) with Libya to promote mutual cooperation in setting up South Korea’s advanced port logistics information system at ports in Libya, UMCI News reported. Under the MOU, the two countries will exchange technologies and informatio...
India's largest SEZ by area, the 6,400-hectare Mundra SEZ, will soon see a fresh round of investment, with as many as 21 companies committing to set up projects, the Economic Times reported. The Adani group-owned SEZ that has come up in the barren Kutch district of Gujarat and is the leading port-led development model in the country, will soon see US$633...
Port operator China Merchants Holdings (International) said it is still in talks to invest in a port in the Sri Lankan capital as the blue-chip company seeks growth opportunities abroad amid competition at home, Dow Jones reported. China Merchants Managing Director Hu Jianhua said there is urgency on the part of the Sri Lankan government to expand the por...
- A warning that Vietnam must not overlook landside infrastructure to meet the needs of expected container terminal volume growth has been given by Malcolm Gregory, Cai Mep International Terminal (CMIT) commercial officer, speaking at the ASEAN Ports & Shipping Conference. Outlining a bright future for Vietnam's fast-growing container trade, Gregory ...
FINANCIALLY troubled Dubai World, which owns the otherwise successful DP World container terminal operator, has agreed to the terms offered by a committee of creditors to reschedule US$23.5 billion of debt accumulated by the state-owned conglomerate. The lenders' committee members account for 60 per cent of the bank creditors, said a Dubai World statemen...
Mexican port authority API Guaymas, which operates Sonora state's Guaymas port, has drawn up two tenders to build specialised liquid and mineral terminals. The tender for the liquid terminal is expected to be launched first before the end of May. Meanwhile, the deadline for technical and economic offers for a tender to build and operate a port complex ...
Transas has completed upgrade The Vessel Traffic Management System at the Port of Surabaya, Indonesia. The VTS system was ordered by Indonesian Ministry of Sea Transportation. Transas Indonesia representative, PT MultiIntegra coordinated and controlled the project implementation, the Transas press release said. The VTS, installed in 2004, has been upgrade...
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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