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Indian reports say PSA International has won over three box liners from rival operator DP World, to use its new terminal in Chennai by offering lower rates. A service (Indfex 2) run by Pacific International Lines (PIL), K Line America and state-run The Shipping Corporation of India (SCI) will start calling at Chennai International Terminals (CIT) from Dece...
The Port of Prince Rupert on British Columbia’s remote northern coast, although tied to the U.S. Midwest by one ribbon of Canadian National Railways steel that is strikebound now, was not suffering on the third day of the CN locomotive engineers' strike Monday. A chief reason, however: storms at sea in Asia. “We do not believe we have lost an...
In London, the Brent Crude contract was up by $0.88 on December 1, 2009 to $79.35 per barrel on the ICE Futures exchange. Light Sweet Crude grew by $1.09 to $78.37 on the New York Mercantile Exchange, RBC reports. Source: Port News
Eight thousands dirty trucks will be forever banned from Port of Long Beach shipping facilities as of New Year’s Day 2010, marking a major milestone in the continuing transformation of the harbor trucking fleet to improve air quality. The difference is evident in the air, as well as at port terminals and nearby freeways. Most of the aging big-rigs ar...
Mayor Bob Foster on Tuesday announced the appointment of advertising executive and former planning commissioner Thomas Fields to the Port of Long Beach's Board of Harbor Commissioners. If confirmed by the City Council, Fields would become the fifth and final member of the Port's governing board, filling a position that was vacated when former board presi...
Mexico has awarded a US$771 million port terminal concession to Philippine-based port operator International Container Terminal Services Inc (ICTSI). ICTSI will invest in Mexico's top port, Manzanillo on the Pacific, to build and operate terminals with a capacity of handling two million containers a year, Reuters reports. Manzanillo moves 46 percent of M...
Cargo turnover of Tallinna Sadam (Tallinn port) went up by 7.1% (to 28.5 mln tons of cargo) within 11 months 2009 as compared to the corresponding period of 2008. In November the port transhipped 2.615 mln tons, (+15.8% year-on-year) reported RZD-Partner.ru with reference to the company’s representative. Volume of liquid cargoes handled (20....
NOTWITHSTANDING Dubai World's assurances that its DP World unit is beyond the reach of its creditors, rating agencies have downgraded the subsidiary's debt fearing the sickly parent's US$59 billion debt will bring on creditor demands to sell whatever the parent I things go sour in the present crisis. Now India's credit rating agency Icra has downgra...
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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