Media
Media
Dubai: Istithmar World PJSC, the investment unit for Dubai World is said to be arranging as much as $350 million in loans to attract bidders to its Inchcape Shipping Services, writes Bloomberg quoting two people familiar with the matter. The so-called staple financing will be available for any bidder for Inchcape Shipping and comprises senior leveraged loan...
Sydney: Queensland Treasurer Andrew Fraser today invited bids for a 99-year lease on the Port of Brisbane - Australia's premier multi-purpose cargo port, report local media source Mysunshinecoast.com.au. "The Port of Brisbane is already a powerhouse of economic activity. This is the logical next step in order to see the business grow into the future," Mr...
The port of Antwerp handled 42 million metric tonnes (mt) of freight in the first three months of this year, up 12.7% on the same period in 2009, Portworld reports citing the Port Authority statement. Figures released by the Port Authority on Thursday said container volumes were close to pre-recession levels of 2008. Antwerp's first quarter (Q1) container ...
Bureau of Customs (BoC) at the Port of Cebu has urged importers to comply with the Client Profile Registration System (CPRS) if they want to see their cargo shipment released, the Manila Bulletin reported. District Collector Ronnie Silvestre earlier in the week briefed BoC stakeholders, importers, brokers and agents about the new electronic-to-mobile (e2m...
The Alabama State Port Authority (ASPA) has been named the ninth largest port in the nation in terms of tonnage and officials are hoping to expand trade with an agreement with Panamanian businesses, Euclid Infotech reported. Alabama State Port Authority director James Lyons is scheduled to meet Panamanian business leaders next week to address boosting tra...
CHINA's port cargo throughput and foreign trade cargo throughput rose more than 20 per cent year on year in the first quarter, indicating strong domestic demand and accelerated economic growth, said transport ministry spokesman He Jianzhong in a Xinhua report. Data revealed that the first quarter showed robust throughput of commodities such as iron ore, ...
After two months of relative stability, the spot rate for shipping a 40-foot container from Hong Kong to Los Angeles climbed 6 percent to almost $2,000 per FEU in the week ended April 19 as the scarcity of capacity on vessels coming out of Chinese ports fueled a run-up in bids for slots. The spot rate for shipping an FEU on that trade lane hit $1,976, com...
Shanghai International Port Group Co, China's largest port operator, announced yesterday that its net profit jumped 39% to RMB 1.02 billion in the first quarter of this year from RMB 733.9 million in the same period of 2009, due to rising shipping demand amid the recovering global economy. The port operator's revenue grew 18% year on year to RMB 4.35 bill...
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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