Port News

Windfarm investment to spur UK port competitionMay 7, 2010

The UK’s ports are to gain from the recent windfarm industry budget promises. Siemens AG is to build a wind turbine factory located at a port site in the UK, creating around 700 jobs with more in the supply chain. Siemens believes the £60m (around $100m) pot of money available from the recent budget will spur a number of the UK’s ports i...

First US Venture for ICTSIMay 7, 2010

- Managers at the US Port of Portland want to lease Terminal 6 (T6), Oregon’s only container facility, to Manila-based International Container Terminal Services Inc., (ICTSI). According to The Oregonian, port officials have confirmed the lease proposal but said they would not make the terms public until later. The 25-year concession agreement will t...

APM Terminals sells its Yantian shareholding May 7, 2010

- APM Terminals has sold its 9.7% share in China’s Yantian International Container Terminal (YICT) to COSCO Pacific subsidiary Crestway International for US$520m. According to APMT, the reason for the sale was that being a minority shareholder and only a financial stakeholder while not operating the port, conflicted with APMT’s business model ...

Lianyungang quarterly volume surges 61pc to 919,000 TEU May 7, 2010

EASTERN China's port of Lianyungang recorded a strong growth of 61 per cent in its container throughput in the first quarter to 919,000 TEU, compared to the same period last year, Logistics Week reported. In this period, the port's throughput tonnage totalled 32.96 million tonnes, up 18.3 per cent. (Source: www.schednet.com )

STI sets a nine minute truck handling record May 7, 2010

- Six months ago, Chile’s San Antonio Terminal Internacional (STI) began a “Maximum 60 minutes” campaign and since that time a total of 72.234 trucks have achieved a nine minute handling time record, measured from the time the trucks enter, to the time they depart the terminal. The initiative - launched in September 2009 - offers trucker...

North America’s dismal 2009 container volumesMay 7, 2010

- Volumes fell for the second year in a row, plunging 13% from 2008 to 44.3m teu, the lowest level since 2001. Losses of roughly equal magnitude afflicted the ports of all three countries - Canada (-11.6%), Mexico (-13.0%) and the US (-13.1%). Despite the year's dismal numbers, the long term pattern remained positive with regional traffic growing by an a...

Port of Hamburg meets BrusselsMay 6, 2010

On 14 April, Hamburg Port Authority (HPA) organised an evening in Brussels to present future plans for its Central Terminal Steinwerder (CTS). This 125 hectare large area is located at the heart of the port of Hamburg and is planned to be redeveloped. To collect ideas for the future port area, HPA had organised a broad market consultation to which 35 compan...

Portland to lease terminalMay 6, 2010

The Port of Portland has reached a tentative lease agreement with International Container Terminal Services Inc. to operate its container and breakbulk facility at Terminal 6. If the Port Commission approves the lease at its meeting next week, the global terminal operator based in the Philippines will attempt to generate new services from carriers that now...

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Transportation Center Connecting Asia and Europe Market

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.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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