The Inter-American Development Bank approved a $20 million loan to help Uruguay advance on its plan to upgrade its main port in Montevideo, a project that will expand the port and boost its efficiency, contributing for a reduction in maritime and river transportation costs. The supplemental IDB financing will enable the National Ports Authority to proceed w...
According to the results of 2009, the 17% general decrease in transshipment and 22 % decrease in container turnover is expected in the Estonian container port Muuga. Such data was published by the Estonian railway authorities during the international presentation meeting in Odessa with participation of management representatives of railway lines of Ukraine,...
Five consortia are understood to have responded to the Expressions of Interest (EOIs) invited by the Kolkata Port Trust for undertaking transloading operation in the Bay of Bengal. The consortia are: ABG Group in partnership with France's Louis Dreyfus Amateurs, Shipping Corporation of India in partnership with Canada's Sea Bulk and Belgium's Bocimar, L...
Bahrain's new $361 million Khalifa bin Salman Port will attract more than 100,000 cruise tourists to Bahrain during the season, officials have said. Bahrain, as a market and a port, is a strategic location for all shipping lines and such projects will further develop many industries, including the tourism sector, according to industry leaders. The port w...
China Shipbuilding Industry, the country’s largest ship equipment maker, will raise up to 14.7 billion yuan ($2.2 billion) in an A-share listing, the firm said in a statement on Friday. China Shipbuilding Industry said it would issue about 2 billion A-shares to be priced from 6.15 yuan to 7.38 yuan. The firm previously said it needed $937 million to e...
Over the past 10 months, 2009, cargo turnover at the seaports of Finland has decreased by 19,1 %, as of the same period of 2008 - to 65 million 54,471 thousand tons, according to the Association of the Finnish ports. Transfer of inward cargoes in the state seaports in January-October, 2009 has made up 35 million 242,067 thousand tons (-20,5 % as of ...
A brand new technology of packaging and reloading of the loose cargoes, including grain, fertilizers, building dry mixes and many other things, from railway cars and the automobiles into containers has been introduced at the Joint-Stock Company "Sovmortrans" terminal in St.-Petersburg, the company press service reports. The innovation has boosted cargo hand...
The Jakarta government has prioritised the reactivation of several dry ports in West Java to avoid stockpiling at Tanjung Priok port, Jakarta, Bisnis Indonesia reported. Vice Minister of Transportation Bambang Susantono revealed the several dry ports in question are Gede Bage Bandung Container Terminal (TPKB) and dry port in Jababeka, Cikarang. Next week,...
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