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Sydney: Australia’s Icon Energy has signed a memorandum of understanding worth as much as A$32 billion to supply liquefied natural gas to China. The deal, between Icon and Shenzhen Sino Industrial Development Company, a subsidiary of SinoGas, will see Icon supply 40 million tonnes of LNG over 20 years from 2014. A binding deal needs to be signed b...
A policy intended to help Hong Kong's dwindling port cargo and logistics business could help kill it off, complain the city's big terminal operators. The operators - including Hutchison Port Holdings, Modern Terminals and DP World - were referring to an announcement earlier in the week that five sites in Kwai Chung would be tendered to logistics compani...
Tianjin Port Development is optimistic that it can return to profit this year after sinking into the red in 2009. The operator of the northern Chinese port incurred a US$6.1 million net loss in 2009, compared with a $16.8 million net profit in 2008, the South China Morning Post reported. The global financial crisis caused a rise in throughput of empty c...
Savannah is eyeing US federal money to support its development in line with the Panama expansion. “The Savannah Harbour Expansion Project is critical to our state’s economic future,” Senator Johnny Isakson said, in support of a request to the Senate Appropriations Committee for funding of the project in 2011. “The Port of Savanna...
India’s ports stand to gain from yet another coal stream as Colombian coal joins the imports from Indonesia. According to Commodore Research, the Adani Group has recently begun purchasing small amounts of Colombian thermal coal on the spot market and is reportedly in talks to import Colombian coal on a long-term contract. Mundra port – which...
BG FREIGHT Line (BG) has launched a second weekly direct service linking the UK's north eastern Teesport with Rotterdam to meet rising demand on the route following its launch a year ago said a company statement. PD Ports CEO David Robinson said the success of the initial service linking Teesport and Rotterdam was a clear indicator of demand. "This is ...
Savannah is eyeing US federal money to support its development in line with the Panama expansion. “The Savannah Harbour Expansion Project is critical to our state’s economic future,” Senator Johnny Isakson said, in support of a request to the Senate Appropriations Committee for funding of the project in 2011. “The Port of Savanna...
The Dutch navy claimed a rare victory in the war against international piracy earlier in the week after marines abseiled from a helicopter to seize control of a captured container ship following a shootout with Somali hijackers, the Independent reported. One Dutch marine was slightly injured during the storming of the German ship MS Taipan, which had been...
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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