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DP World announced that its shareholders have approved an amendment allowing the firm to seek a listing on the London Stock Exchange (LSE), Reuters reported. The firm, which is not included in Dubai World's restructuring plan, is one of the largest port operators in the world and is 77 percent owned by the state-linked conglomerate. DP World, whose par...
Global terminal operator PSA International is reportedly ready to buy out its minority partner in a container terminal in the Indian port of Chennai, according to a report Monday by the Indian business newspaper Mint. The minority partner, Sical Logistics, owns a 27 percent stake in the terminal at India’s second-biggest container port. The terminal h...
BHP Billiton will start talks with Australia's Queensland state government on construction of a new coal terminal as it beefs up its exports to steelmakers after being designated the preferred builder. The new port, located at the state's Abbot Point coal exporting complex, is needed to meet growth projections for sales of coal used in steel making from...
A RECENT report on the California ports' clean air programmes from the Coalition for Clean and Safe Ports said the maintenance cost of a 2007-10 model in the first year is US$2,200 rising to $60,000 over a seven year lease, an average pay-out per year of $8,500. "The Port of Los Angeles has spent to date about $8 million for litigation and more than $265...
PORT KLANG AUTHORITY chairman Lee Hwa Beng and Northport CEO Basheer Hassan bin Abdul Kadeer recently visited the Port of Luka Koper in Slovenia, returning the visit to the Malaysian port complex made last year by Luka Koper port president Gregor Veselko. Both parties exchanged views on the market situation, and declared they would further the existing Si...
NORTHEASTERN China's port of Dalian lifted 1.2 million TEU during the first quarter of this year, up 191,000 TEU or 19.6 per cent more than the same period in a year ago, Logistics Week reported. Domestic trade cargo accounted for 255,000 TEU, up 28.1 per cent. Containerised bulk cargo totalled to 8,400 TEU. In this period, the port recorded a throughp...
Ports America Group has announced that Michael F Hassing is to be the company’s president and chief executive. Mr Hassing, 51, has served since 2008 as chief executive of Scandlines GmbH, one of Europe’s largest ferry operators. Prior to that, Mr Hassing spent nearly 30 years in various international container and logistics positions. Source: ...
Port shipments handled at 29 trading ports in South Korea in the first quarter of 2010 surged 12.3 percent from the same period a year before to 281 million tonnes, the Maeil Business Newspaper reported. Pyeongtaek-Dangjin Port saw a 59 percent increase on the back of Hyundai Steel's operation; the Port of Busan and the Port of Gwangyang posted increases...
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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