China International Marine Containers (CIMC) has announced that its subsidiary, TGE Gas Engineering, has won the bid on an EPC (engineer, procure and construct) contract for an LNG terminal project in Zhejiang. CNOOC Zhejiang Ningbo LNG Co, the owner of the Zhejiang LNG Receiving Station Project, called for bids for the storage tank EPC contract in Novemb...
Dalian Port Company Limited has announced that all resolutions for its Board’s proposed A Share Issue and acquisition of certain port operations and assets from Dalian Port Corporation Limited have been approved by shareholders. The resolutions were passed by over 96 per cent of the shareholders by way of a poll in an extraordinary generally meeting...
The planned expansion of the Brazilian port of Santos will cost approximately US$2.9bn, according to the São Paulo State Port Authority (CODESP). More than 70% of the investment will be obtained from the private sector and the rest will be provided by the state government, which is in charge of improving maritime and ground access to the port. The ...
Project of Sochi port cargo district creation is 50% completed. As PortNews IAA learnt from HR administration of Engineering Corporation Transstroy CJSC carrying out construction of the object, two port berths are prepared for vessels receiving to the date, general cargoes area is being completed. Completion of works in cargo district is expected late Novem...
Cargo turnover of Arkhangelsk port will decrease by 36.2% (to over 3 mln tons) in 2009. That was an estimation made by Nikolay Gurinov, Captain of the port, in the interview with PortNews IAA. As per him, volume of cargo transhipment is expected either to remain unchanged in 2010 or show an insignificant increase. Oil products transhipment volume will go do...
Engineering Corporation Transstroy CJSC completed construction of two berths in the territory of a new cargo district of Sochi port, Interfax reported with reference to the company’s representative. ‘Berths 4 and 5 are ready to receive cargoes and berth vessels. The object has not yet been fully put into operation but the berths are ready to o...
PORTS of Virginia, including APM Terminals, handled a total of 610,400 TEU from July to the end of October, a year-on-year decrease of 15.7 per cent. The combined financial results for the Virginia Port Authority (VPA) and Virginia International Terminals Inc (VIT), the private company that operates the authority's state-owned terminals, showed that from...
THE collapse in box volumes in Rotterdam has led Hong Kong's Hutchison Port Holdings; Singapore's PSA; Dubai's DP World and Denmark's AP Moeller-Maersk to scale back or cancel expansion projects, improve efficiency and cut costs, reports London's Financial Times. But despite the downturn, terminal operators can, and do, remain profitable despite assu...
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