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The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved the allocation of $ 100 million credit for the FESCO transport group. The credit, the FESCO press-service said, is part of the program for financial management and debt restructuring of the company. The credit is valid for 5 years and will have a floating inte...
A modest recovery in container volume appears to be underway at the ports of Los Angeles and Long Beach, and exports are leading the way. Containerized exports through the Port of Los Angeles increased 17.8 percent in November compared to November 2008. Exports increased 4 percent in neighboring Long Beach. Imports in November remained below the same mont...
Growing cargo turnover at Klaipėda port since the middle of this year and its record results in November – 2,53 mln. tons (increase by +5,4 % comparing to November, 2008), brought Klaipėda port among the Eastern Baltic top-three ports again, leaving Ventspils port behind – on the fourth place. In January-November of 2009 the Klaipėda port ...
Next year’s ESPO Conference will be held in Helsinki on 27-28 May. Theme of the conference is “Living and Working with Ports”. This theme covers a broad range of topics, including the port image, city-port dialogue, training and education as well as living and working conditions. The programme will feature a number of hands-on sessions c...
Whilst top politicians from all corners of the globe are gathering in Copenhagen for the United Nations Climate Change Conference, various industry side-events are being organised in the Danish capital. Following an initiative of Det Norske Veritas (DNV) a special session on Ports, Goods Movement and Supply Chains was held on 15 December. The Chairman of E...
DUBAI WORLD has welcomed the announcement that the Government of Dubai is to provide financial support to the group, including full repayment of the Nakheel 2009 sukuk, which provides funding and a stable basis for the restructuring, said a company statement. Dubai World said it will continue to work with financial creditors to negotiate a standstill in a...
LAND development at the Port of Houston is picking up ahead of the Panama Canal expansion that will double the size of ships transiting its locks in 2014. Until this time, much of the cargo must continue to be transferred to trucks or rail cars on the US west coast or travel via the Suez Canal to the east coast. Although many of the warehouses on Highwa...
PD Ports, recently bought by Toronto-based global asset manager Brookfield, has announced that Teesport on the England's north-east coast handled for the first time more than 100,000 containers in one calendar year. The milestone was reached in November. Frans Calje, PD Ports' managing director, said in a company statement: "We are delighted that in the...
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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