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INDIA's Gammon Infrastructure Projects Ltd has announced it will acquire Spanish company Dragados Servicios Portuarios y Logisticos SL's stake in their 50:50 offshore terminal joint venture, Indira Container Terminal Pvt Ltd for an undisclosed sum. Gammon Infrastructure plans to buy 24 per cent from Portarious and purchase the remaining 26 per cent thre...
SOUTHEAST China's Xiamen port registered a monthly growth of 49.6 per cent in international transit volume to 33,600 TEU in October, 2.5 times that of last October, reports Xinhua. The port's international transit volume came to 124,900 TEU in the first 10 months, surpassing that of last year's 100,000 TEU with a expectation to exceed 150,000 TEU this ...
DURING the first 10 months, the Port of Shenzhen's container throughput dropped 18.1 per cent year on year to 14.8 million TEU. The declines are reported to be wider than other major container ports in China, according to Logistics Week. An official from the Shenzhen government said the impact of downturn on port and logistics industry has not yet disp...
The government is planning to award 17 major port development projects to private players, under the ambitious National Maritime Development Programme (NMDP), local media reports. “We would like to have more private participation in the maritime sector under the NMDP. As per the current plans, 17 projects will be awarded to the private sector,”...
Ningbo Port Co Ltd, one of China's four biggest deep water ports, has nixed plans for a dual listing in Hong Kong and Shanghai, deciding instead to focus just on the latter. Ningbo Port is now aiming for a 10bn yuan ($1.5bn) Shanghai listing within the first half of 2010, according to Reuters. Ningbo Port, which had originally aimed to list in both Hong K...
Shanghai municipality plans to build an international free port by 2020 to make the city an international shipping center and an attraction for mainland customers, China Economic Weekly reported Tuesday. Shanghai municipal government decided to develop the area around the Yanshan bonded port and continue the development to its three-bonded zones and three ...
Singapore port's container throughput has finally turned into positive year-on-year figures, posting a 1.7 per cent rise to 2.33 million twenty-foot equivalent units (TEUs) in November from 2.29 million TEUs in the previous corresponding period. However this is probably due less to an actual improvement in volumes than the fact that the dropoff in volumes...
CHONGQING's Cuntan port's phase two project, West China's biggest terminal, costing CNY1.1 billion (US$161 million), will be ready for opening at the end of the year, reports Xinhua. The 59-hectare terminal will build four 3,000-tonne berths with an annual capacity of 420,000 TEU as well as 800,000 tonnes of breakbulk and 150,000 ro-ro units. The port ...
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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