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Russian Prime Minister Vladimir Putin remains confident that the port of Ust-Luga should commence operations on time and deliver maximum efficiency. Russia's President has confirmed the country's new hub will be completed on time This follows a meeting with the chairman of the Russian Bank of Development and Foreign Economic Activity. Source: Port Str...
Problems surrounding the startup of the Peru's Paita port concession stem from a lack of communication, the foreign trade and tourism (Mincetur) minister Martín Pérez has said. Confused signals from Peru port Terminales Portuarios Euroandinos (TPE) officially took over the administration of Paita on October 7, after which it launche...
Its down to partnerships and innovation, claims the New Zealand's Lyttelton Port of Christchurch, which has delivered a strong performance for the 2008/2009 financial year. Normalised profits for the year came to $10.6m (US$7.7m), up 2.9% on last year’s figure of $10.3m. Lyttleton Port, NZ, is showing good results. Photo: Phillip Copper Rod...
Following a victory for UK ports in the House of Lords to remove unfair, backdated rates, the Humber and Mersey Docks Rating Group has called on the Government to remove any uncertainty about the imposition of retrospective business taxes. Andrew Finfer: ‘The government is defending a system that is not equitable to all' The government recently suf...
Novorossiysk Commercial Seaport OJSC (NCSP) has paid coupon profit of fifth eurobond coupon to be extinguished in 2012. As per the company’s press-center information the amount of income to be paid amounted to $10.5 mln ($35.0 per each bond). The timely payment was done in full. Coupon profit is paid twice a year; coupon rate is 7% per annum. Emissi...
The port of Amsterdam risks disappearing from Europe's ocean container map, as its sole box terminal is about to lose its last major liner shipping service. The Grand Alliance, a group of four ocean carriers, will end calls by its EU1 service at Amsterdam Container Terminal at the beginning of 2010, effectively wiping out the port's box traffic. The wee...
Global Ship Lease, a containership lessor and Marshall Islands company with administrative offices in London, has more than tripled its third quarter net loss year on year to US$$3.9 million, while at the same time posting a net gain of $30 million for the first nine months. Third quarter revenue increased by 57 per cent year on year to $37.6 million due ...
CONCERN over competition from US east coast ports for Asian cargo, has prompted the US west coast port and railway interests, to make a declaration at last week's World Shipping Summit in Qingdao, defending their long-standing status as the preferred gateway to America. "Typical US east coast services from north China into Norfolk or New York/New Jersey ...
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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