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HONG Kong's Census and Statistics Department has reported a six per cent year on year decline in the city's port cargo throughput for the fourth quarter. Outward cargo led the drop, falling nine per cent year on year to 103.7 million tonnes while inbound cargo also slipped, dropping five per cent leaving import figures unchanged year on year. Also not...
After weathering the financial and economic crisis that crippled global trade, the Panama Canal expects to see a modest rise in revenue this year as the recovery takes time to filter through to the shipping industry, Dow Jones reported. "This year will be flat, it will be very similar in terms of volume," Alberto Aleman, the chief executive of the Panama ...
Traffic handled at major ports in India saw a growth of 5.5 percent in the April 2009-February 2010 period, compared with the corresponding period a year ago, signalling a gradual revival in exports as the world economy began easing itself out of the financial meltdown, Financial Express (India) reported. Traffic volumes at India's 12 major ports grew on...
Otago Regional councillors earlier in the week voted to consult the public over a possible merger between Port Otago and Lyttelton Port, despite deeming such a move to be insignificant, the Otago Daily Times reported. Port Otago is expected to make a formal recommendation on a merger proposal to the regional council this year. It is in discussions with ...
- International Container Terminal Services, Inc. (ICTSI) has reported a 9% reduction in its financial results for 2009, with earning at US$421.7m compared to US$463.1m in 2008. Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at US$175.7m, 11% down on 2008 due mainly to the decline in global trade, although the negative impact ...
Singapore: The Singapore authorities are extending port dues concessions brought in to help companies through the economic crisis for another six months. A 10% port dues concession for all ocean-going ships with a port stay of not more than 10 days and 20% port dues concession for harbour craft engaged in commercial activities within Singapore port waters i...
- The Port of London Authority (PLA) has announced the worst trade figures since 1992, with total throughput in the Port of London falling 14% to 45.4m tonnes (52.9m in 2008) at the end of 2009 as a result of a rapid decline in trade as economic activity fell off in the latter months of 2008. In tonnage terms, the most significant decline was in unitised ...
Jawaharlal Nehru Port Trust (JNPT) is developing two new terminals as part of its business expansion plan. The business plan has been prepared on the directions of the ministry of shipping, minister of shipping G K Vasan. The port is currently developing a fourth container terminal, at an estimated cost of US$1.5 million, he said, adding that Phase-I of...
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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