Port News

State-run "Delta-pilot" of Ukraine has passed an audit in accordance...Dec 16, 2009

The state-run “Delta-Pilot” company of Ukraine has successfully passed a three-month financial audit by BDO outside auditor, the Ministry of Transport and Communications of Ukraine. In accordance with the final report of the outside auditor, "financial statements present fairly, in all material respects, the financial position of the company and...

Glencore buys 51 percent stake in ChemoilDec 15, 2009

Leading commodity trader Glencore has bought a 51 percent stake in Singapore marine fuel supplier Chemoil Energy and offered to buy all remaining shares, according to Reuters. The family of Chemoil founder Robert Chandran has agreed to sell its majority stake in the firm to Glencore for an undisclosed sum. Chandran's family has been looking to sell its sta...

Turnover of the port of Riga (Latvia) in January-November 2009 is down...Dec 15, 2009

Turnover of the port of Riga (Latvia) in January-November 2009 is down 1.3% - to 27.2 million tons Cargo turnover at the port of Riga (Latvia) over January-November 2009 has decreased by 1.3% compared to the same period of 2008 - up to 27.2 million tons. The volume of transshipment of bulk cargo has fallen by 1.5% - to 17.27 million tons, master by 11,7% ...

Port of Los Angeles cuts terminal rents for container terminal operato...Dec 15, 2009

Marine terminal and shipping industry executives applauded the latest relief program that will save Port of Los Angeles tenants about $25.7 million in the coming year. The harbor commission approved a temporary 6 percent rent reduction for container terminal operators, an empty container discount and reduced rates for containerized cargo transferred from o...

DP World to open India's Vallarpadam terminal by AprilDec 15, 2009

DP World has assured the Kochi Port management that the International Container Transhipment Terminal at Vallarpadam will be made commercially operational by the first week of April, as has been scheduled. A delegation from the company led by Capt Anil Singh, Senior Vice-President and Managing Director, DP World Sub-Continent, informed the port authorities...

China Merchants to sign 35-year deal Dec 15, 2009

Hong Kong’s China Merchants (Holdings) International (CMHI), a major operator of container terminals, is reportedly to sign a 35-year deal to build, operate and transfer a terminal for the Sri Lanka Ports Authority (SLPA), Exim News Service reported. The project will also allow space for two future same-size container terminals, but there are no conc...

Fortum, TVO and Maersk join forces Dec 15, 2009

Finnish utilities Fortum and Teollisuuden Voima (TVO) have entered into co-operation with Maersk Oil and Maersk Tankers, part of the Danish A.P. Moller – Maersk Group, aiming to develop a joint carbon emissions abatement project in the area of Carbon Capture and Storage (CCS). The partners wish to combine carbon capture at the Meri-Pori power plant w...

Maersk Line to call at new CT at Peru in 2010Dec 15, 2009

DP World Callao and Maersk Line have signed an agreement for the world’s largest container shipping line to start calling at the port operator’s new container terminal, Muelle Sur, in the Port of Callao, Peru. The Terminal Services Agreement will become effective upon completion of the terminal’s construction which is scheduled for some t...

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Transportation Center Connecting As

Transportation Center Connecting Asia and Europe Market

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.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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