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Grand China Shipping, one of the fastest growing ocean carriers in China, made its inaugural call to the Port of Long Beach on Tuesday at Total Terminals International’s Pier T shipping facility. The maiden call of the vessel Red Strength kicked off a weekly service that is expected to import about 140,000 twenty-foot equivalent container units (TEU...
Shanghai International Port Group, the operator of the busiest container port in the world, posted a CNY 44.07 YoY increase in 2010 net profit to CNY 5.42 billion. EPS rose by 44.11% to CNY 0.26. Sales revenue was up 15.47% YoY to CNY 19.11 billion. The company plans to distribute cash dividends of CNY 1.08 (including tax) for every 10 shares held, Steelgur...
Net income of Vanino Commercial Sea Port (Vanino Port, Khabarovsk Region) for the first quarter of 2011 increased by nearly 1.6 times from a year earlier, to 53,072 million rubles, the company’s press service said. Three-month cargo volume handled by Vanino Port has reportedly dropped 5.9% from Q1, 2010, to 1,382,700 tons. JSC Vanino Commercial Se...
SOUTHEAST Guangxi province plans to increase port capacity by 300 million tonnes to 480 million tonnes by 2015, reports Xinhua. Over the next five years, Beibu Gulf ports will upgrade capacity to over 330 million tonnes, Xijiang River shipping lane's capacity will come to over 150 million tonnes with the provincial government will upgrading 1,480 kilome...
Nippon Yusen K.K., Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd. (9107), Japan’s largest shipping lines, forecast lower net income this fiscal year after last month’s earthquake cut demand and rates declined, Bloomberg reports. Nippon Yusen expects profit of 34 billion yen ($417 million) for the year ending March 31, compared with 78...
The Visakhapatnam Port has created an all-time record in unloading ammonium nitrate in bulk in a day, according to Exim News Service. According to a press release issued by the Visakhapatnam Port Trust (VPT), a quantity of 8,550 tonnes with a gang hook output of 713 tonnes of ammonium nitrate in bulk was discharged in a day on April 16 from the vessel m.v...
Singapore won the 'Best Seaport in Asia' award for the 23rd time at the 25th Asian Freight and Supply Chain Awards (AFSCA), AsiaOne reports. The Maritime and Port Authority of Singapore (MPA) received the prestigious award this evening on behalf of the Port of Singapore. Singapore beat 12 other nominees from Hong Kong, Shanghai Yangshan, Busan, Klang,...
Shanghai will expand the offshore Yangshan Deep Water Port as part of a plan to enhance the port services industry during the 12th Five-Year Plan, the city's port authority said Tuesday, Journal of Commerce reports. Plans for expansion of the Yangshan Deep Water Port under Phase III-A and Phase III-B are expected to receive official certification during ...
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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