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PYI Corporation Limited has entered into an agreement for the disposal of an aggregate of 15 per cent interest in Yangkou Port, for a total consideration of RMB300 million (approximately US$44 million). PYI owned 75 per cent of Yangkou Port before the disposals, meaning that Yangkou Port will remain a 60 per cent subsidiary of PYI after completion. The ...
International Container Terminal Services Inc (ICTSI) has won a 34-year concession from the Administracion Portuaria Integral de Manzanillo (API) to operate the Port of Manzanillo in Mexico. The concession is for the development and operation of the second Specialised Container Terminal (ECT) at the facility, the busiest port in the country. API says th...
Dalian Port Company Limited has announced that all resolutions for its Board’s proposed A Share Issue and acquisition of certain port operations and assets from Dalian Port Corporation Limited have been approved by shareholders. The resolutions were passed by over 96 per cent of the shareholders by way of a poll in an extraordinary generally meeting...
Dubai World has released a statement confirming that its current review of the debt obligations of certain entities within the Group will not directly affect its port-related businesses. The proposed restructuring process will only relate to Dubai World and certain of its subsidiaries including Nakheel World and Limitless World, and not Infinity World Hol...
President Ricardo Martinelli symbolically hoisted the Panamanian flag (pictured) at a special ceremony held to mark a decade of national stewardship for the Panama Canal at year end. The canal, a vital trade artery for world trade including that between Asia and the east coast of the Americas, has enjoyed significant growth 'by nearly every measure; during...
SHENZHEN's Chiwan Container Terminal (CCT) has received ISO28000 and ISO14001 certifications. Preparatory work began last February when experts from Shenzhen Angel Star Consulting Co Ltd investigated CCT current situation in the supply chain and undertook training programmes for employees. All the guidance and counselling work were completed in August ...
EAST China's Ningbo port has registered a throughput of over 10 million TEU in 2009, once again reaching the same volume of 2008, reports Xinhua. The port's container throughput experienced a decrease in the beginning of 2009 due to the financial crisis, but hit more than 900,000 TEU over five consecutive months since last July. In last September, the v...
FELIXSTOWE-based transport company Maritime Group Ltd has expanded with the acquisition of DHL Container Logistics, including its container lifting, storage and repair operations at Hong Kong's Hutchison Port of Felixstowe as well as Trafford Park, in Manchester. The combined businesses of Maritime Transport and DHL Container Logistic will rank as the la...
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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