Port News

TGE agrees $200m EPC deal for Zhejiang LNG terminalDec 1, 2009

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 deal gets shareholder supportDec 1, 2009

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...

Port of Santos expansion proceeds at cost of US$2.9bn Dec 1, 2009

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 ...

Sochi port cargo district half-completedDec 1, 2009

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...

Arkhangelsk port cargo turnover to go down by 36.2% in 2009Dec 1, 2009

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...

Two berths completed in new cargo district of Sochi port, – TransstroyDec 1, 2009

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...

Virginia ports box volume falls 15.7pc, revenue down 7.9pc Dec 1, 2009

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...

Rotterdam terminals profit as volumes shrink in downturn Dec 1, 2009

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...

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