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2010 negotiations between China and the big three iron ore miners are set to be among the most contentious yet. Set against a backdrop of five consecutive years of record pricing, a complete failure to see eye to eye in 2009, and the mooted tie up between the big two Australian miners, Rio Tinto and BHP Billiton, Beijing is moving to take back some of the i...
THE Aqaba Container Terminal (ACT) in Jordan has unveiled plans to expand the facility that will involve extending the quay 460 metres and increasing the annual container capacity to two million TEU. The expansion project is part of the port's 2009-2013 action plan that will require capital expenditure of US$235 million. This will bring total investment ...
Danish shipping and oil group A.P. Moller-Maersk will sell its Norfolkline ferry unit to Denmark's DFDS for cash and shares worth about 346 million euros ($498 million), the companies said on Thursday. Under the deal, Maersk will get a 31 percent stake in ferry operator DFDS and 170 million euros in cash, Maersk and DFDS said separately. "The...
Chinese port operator China Merchants Holdings (International) Ltd. said Thursday it is close to finalizing a deal to form a 50-50 joint venture that will build and operate a container terminal in Qingdao. The blue-chip company, a unit of state-owned China Merchants Group, said the total investment in the planned joint venture will be around CNY6.2 billion...
New TS Warehouse for cargo passing through Irkutsk Customs Office The Irkutsk customs department together with JSC "Center For Cargo Containers TransContainer” will build a new temporary storage warehouse (TSW). The warehouse will be located on the platform of Batareynaya Station of the East-Siberian Railway. According to the Siberian Customs admi...
75.61 tons of vegetable oil have been handled in the port of Taman for 11 months in 2009, branch of FGUP RosMorPort in Taman said in the interview to PortNews. General scheme of port development in Taman, with a total cargo turnover of 33.5 million tons per year was approved by Decree of the Ministry of Transport of Russia in 2004. The General Scheme (Tas...
Odessa sea port keeps operating as usual, no failures, the Ministry of Transport of Ukraine said on December 17, 2009. There had been reportedly five ship calls at Odessa Commercial Sea Port. The main port siding is functioning smoothly, providing links between the port and container terminal, the Ministry said. As a reminder, on December 16, the author...
Shipping lines in the eastbound Pacific will attempt to increase their freight rates by $400 per 40-foot container on Jan. 15 as an interim step toward a larger rate increase to take effect when carriers and their customers negotiate their 2010-11 service contracts next spring. This unusual “emergency revenue program” announced by the Transpaci...
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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