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The big Asian container terminal operators saw profits and volumes fall last year as the global financial crisis hammered international trade. Hong Kong's Hutchison Port Holdings, the world's largest container-terminal operator, China's Cosco Pacific and China Merchants Holdings (International) all posted weaker figures for 2009. Hutchison reported a...
Japanese investors are eyeing deep-water sea ports in Vietnam as well as high-speed railway and highways, Thai News Service reported. Itochu Group, a Japanese investor, has already submitted a proposal to the Ministry of Transport on co-operation with Vinalines to develop the Lach Huyen Seaport in Hai Phong. Under the proposal, the Japanese investor wou...
After suffering through their worst two-year stretch in history, ports in the US have begun climbing out of a deep hole brought on by the global economic collapse. Since January, trade volumes are up about 20 percent from 2009 - a dreadful 12 months labelled "the most difficult year in shipping history" by at least one shipping executive, the McClatchy-Tr...
Busan: The former Korean concession operated by a DP World consortium welcomed its first ship under its new management this week. Pusan Newport International Terminal (PNIT), a joint venture between PSA International (PSA) and Hanjin Corporation in Busan New Port, South Korea, started commercial operations and handled more than 800 moves from its first ve...
Kuala Lumpur: Malaysian oil terminal operator KIC Oil and Gas is planning to set up a shipping trust to acquire 22 vessels over the next three years. KIC has signed a memorandum of agreement with Thailand’s Nathalin Group in collaboration with PTT Public Co to set up a consortium. Abdul Rashid Isa, chairman and ceo said the aim of the consortium would...
BG Freight Line (BG) has launched a second weekly direct service linking Teesport with Rotterdam to meet rising demand on the route. In April 2009, BG, part of the Peel Ports Group, established a weekly service between Teesport and Rotterdam but has now introduced a second service to handle the increasing flow of goods. The new rotation will see vessels...
North-West Customs Directorate (NWCD) issued an order on the implementation of the "dry port" project based at the Baltic Customs, NWCD statement said. The measure was due to the increased volumes passing via seaports checkpoints, ceased operations of Piskarevskiy and Vyborg customs posts. There have been reportedly delays in customs clearance procedure. ...
New technology which aims to bring significant safety benefits to terminal and yards through the use of Radio Frequency Identification (RFID) technology has just been released. Cooper SH's NearGuard safety alert system locates both the direction and proximity of objects in and around hazardous operating areas. Trucks can be fitted with four sensors, on...
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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