Port News

Yantai invests US$366 million to gain 180 million-ton volume in 2010Mar 19, 2010

EAST China's Yantai port, across from Korea on the Bohai Sea, plans to invest CNY2.5 billion (US$366 million) in 23 building projects with a expectation to reach a harbour throughput of 180 million tonnes in 2010, reports Xinhua. The port's new construction includes 20 berths over 100,000 tonnes annual capacity, namely 10 of 50,000 to 100,000 tonnes, se...

Port of Vladivostok cargo up 47pc in February Mar 19, 2010

VLADIVOSTOK Commercial Seaport of Russia handled 40,223-TEU between January and February showing a leap of 47 per cent year on year according to Russia's Portnews agency. In the month of February from Vladivostok Container Terminal (VCT) freight volumes handled came to 20,919 TEU, of which 8,700-TEU were outbound and 5,998 TEU were imports and 6,941 TEU ...

Smuggling ring suspected as 22 boxes slip customs in MombasaMar 19, 2010

The Kenyan Revenue Authority (KRA) is working to uncover a smuggling ring at the Port of Mombasa after 22 boxes slipped through customs unchecked and untaxed, reports the Nairobi Daily Nation. The KPA's computer software - Kwatos - has been blamed after it received a number of bogus entries relating to the containers. Entries were falsely attributed to S...

Construction of Thames estuary London Gateway deep-sea port beginsMar 19, 2010

CONSTRUCTION of a new port on the Thames Estuary is underway in what will be Britain's first new deep-sea facility in 25 years. Terminal owner DP World told the London Times the port would be big enough to handle six of the world's biggest container vessels, and offer an annual capacity of 3.5 million containers, most of which would be hoisted over to t...

Virginia considers withdrawing terminal privatisation planMar 19, 2010

THE State of Virginia is considering backing out of its plan to privatise three container terminals with Governor Bob McDonnell saying he would not consider deals that were not extremely advantageous. The Virginia Port Authority (VPA) had received several bids for the facilities, reported the Newport News Daily Press, including a Goldman Sachs-Carrix join...

Four Baltic seaports bid to become hubs for oceangoing container carri...Mar 18, 2010

The ports of Aarhus (Denmark), Gdansk (Poland), Klaipeda (Lithuania) and Tallinn (Estonia) projected to become the Baltic Sea container-hubs to handle oceangoing container ships, PortNews IAA reports quoting the press office of International Baltic Container Conference 2010. The representatives of the stevedoring companies had announced earlier their plans ...

Chittagong to reduce port charges Mar 18, 2010

Chittagong port charges will be reduced by June to make the country's export-import trade more efficient, according to Bangladesh Shipping Minister Shajahan Khan, reported the Financial Express. The minister said: "We want to fix port charges for Chittagong port in the style of Mumbai and Chennai ports of India." He formed a three-member high-powered co...

Harbour Centre faces challenger for Subic portMar 18, 2010

Port operator Asian Terminals has expressed interest in bidding for an exclusive Subic port concession, an official of the Subic Bay Metropolitan Authority (SBMA) said. Asian Terminals purchased last week a copy of the terms of reference (TOR) to challenge Harbour Centre Port Terminal's unsolicited bid for a joint venture contract with the SBMA to develo...

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