Oil and petroleum products inventories at the terminal in Cushing, Okla., (USA) have swollen its record levels, Finam reports with reference to an analytical review of UMIS. In eight recent weeks the growing crude inventories in Cushing have gained 30% over the same period last year. That keeps downward pressure on oil and petroleum products price...
The Port of Portland has announced a new international shipping service that will provide regional exporters with direct access to ports in Japan, Euclid Infotech reported. Starting July 11, the monthly service provided by Westwood Shipping Lines and the Port of Portland will have the capacity to handle more than 200 containers per month under a six month...
Shanghai International Port Group Co, the operator of Shanghai Port, announced that cargo throughput rose 17.55 percent year-on-year to 35.53 million tonnes in April, China Knowledge Press reported. The company said its container throughput increased 20.99 percent year-on-year to 2.37 million TEUs last month. In 2009, the Shanghai-listed company saw its...
VLADIVOSTOK Commercial Seaport of Russia handled 83,784 TEU between January and April, in April the 21,568 TEU handled represented a 38.85 per cent year on year and month-on-month increase of 1.9 per cent. April figures for exports came in at 7,839 TEU; imports at 5,677 TEU, coastal trade at 8,052 TEU, according to Russian Transport Daily Report, adding t...
PENNSYLVANIA governor Edward Rendell has re-set the bidding process after last year's tender process fell victim to financing freezes on a project estimated to cost US$2 billion to $3 billion of which includes dredging on the Delaware River channel that runs 102 miles to Philadelphia. The Philadelphia Regional Port Authority will work alongside Pennsylva...
PORTS in east China's Shandong province posted a robust growth in the first quarter, reports Xinhua. Growth was driven by foreign trade in ore, coal, steel, oil and petroleum products. The province's coastal ports moved 201 million tonnes of cargo, up a 22 per cent year on year, while river ports handled 13.4 million tonnes, a 64.8 per cent increase. ...
Up to 3500 more semi-trailers a week will be forced onto Sydney's roads under a scheme aimed at reducing congestion at the overworked Port Botany container terminals, the Sun Herald reported. Patrick, one of two dominant Sydney stevedores, has warned that trucks will be turned away from the port because a new system of reciprocal fines for lateness by tr...
ATHENS - Greece may investigate US investment banks and their role in the run-up to the Greek debt crisis which has shaken faith in euro zone economies, Prime Minister George Papandreou said in comments broadcast on Sunday. Wall Street and major banks around the world are attracting scrutiny from regulators who are looking at transactions that occurred in...
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