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The world’s top 22 ocean container carriers lost some $11 billion in the first nine months of the year and face further losses in 2010 as the industry digs out from the worst downturn in its 50-plus history. Sixteen of the carriers that have published third-quarter results reported cumulative operating losses of $9 billion in the first nine months of ...
Brazilian mining company MMX has received authorization from the Chilean government and navy to build a port for iron exports in Copiapo, a city in Chile’s Atacama region, the press reported Monday. The port will help improve logistics for MMX’s mining project in the region, the Brazilian company said in a filing with securities regulators. Pre...
Cargo volumes in Indian ports expanded 13% in November at 48.2 million tonnes as against 42.5 million tonnes in the year-ago period, mainly powered by iron and coal cargo traffic. Cargo traffic also grew 3.4% in November over the previous month. “December is likely to witness a marginal growth due to Christmas and New Year, for which orders have alr...
Italy has offered India special status on shipping routes to help it access European and other markets. To begin with, Italy has signed agreements with India for collaboration between Mumbai and Venice and Chennai and Gensa ports, Exim News Service reports. The Italian Economic Development Minister, Mr Claudio Scajola, pointed out that Italy could be a ga...
The Russian Far East is set to have a new container terminal with investment coming from Fesco, the local government and Chinese and Busan port authorities from South Korea at Nakhodka, 100 kilometres south east of Vladivostok. The Nakhodka International Terminal will be located alongside Nakhodka's old fishing port. Rail links and expressways to the por...
Export volume from the ports of Los Angeles increased by 18 per cent in November, while neighbouring Long Beach rose four per cent and Oakland shot up 39.7 per cent year on year driven by a weak dollar. "It's the first increase since the economic crisis began last year," Art Wong, a Port of Long Beach spokesman, was quoted as saying in a report by the Lo...
Royal Vopak of the Netherlands and the Zamil Group of Saudi Arabia today announce the signing of a Memorandum of Understanding between both companies, expressing their intention to develop a joint venture company for the Middle East and North Africa (MENA) region. This joint venture aims to develop independent bulk liquid and liquefied natural gas terminal ...
A Singapore-based executive has pointed to the need to wipe out bribery relating to the bunkering industry. “There was no professional oversight in the early days and it was easy then as it is now for the ‘crooks’ to stick their fingers in,” a source speaking to Baird Maritime on condition of anonymity said. He has previously atten...
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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