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Speaking at the Private Capital and Ports conference, Mr Py said that with most terminals not expected to return to 2008 levels until 2012 at the earliest, port traffic assumptions in the future are likely to be more cautious and less backward looking. “The era of high and cheap leverage is gone,” said Mr Py. Dan Clague, managing director,...
Speaking at a Global Institute of Logistics event this week, PD Ports’ chief executive David Robinson said that while UK ports compete for the same business as their continental rivals, they cannot compete on marketing spend which puts them at a disadvantage. “This is an issue because when go to the UK government and development agencies and a...
TNT is expanding its presence in Malaysia with the opening of a new facility, the TNT Penang International Gateway. Located at Kompleks Kargo Kedua, next to the airport runway, the integrated air and road facility in northern Malaysia is expected to improve the transit times of goods passing through Penang and increase the company's capability to handle ...
Volgo-Balt navigation is planned to be over on November 15, 2009. As PortNews IAA learnt from the state basin authority (GBU), Volgo-Balt navigation can be prolonged in case of favourable weather conditions and orders. As PortNews IAA informed earlier, within first five months of summer navigation 2009 (May-September incl.) about 4 mln tons of petroleum p...
Mexican oil exporting port Cayo Arcas reopened on Monday afternoon but two of the country's other main oil ports remained closed due to bad weather, the government said. The Dos Bocas, Cayo Arcas and Coatzacoalcos ports, which ship out the majority of Mexico's crude exports, all closed on Saturday as a cold front moved into the Gulf of Mexico. The three...
In search of a concept that could change the future of goods movement, the Port of Long Beach and a panel of independent experts will soon begin a thorough review of ideas offered by seven companies for a zero-emission system to transport cargo containers. The concepts were generated in response to the Port’s Request for Concepts and Solutions for a...
Cargo vessel З Zoorik registered under Iranian flag took the ground in the Yangtze river estuary (China). The incident was reported to have happened on November 1, 2009. There are 36 crew members on board a ship, that are being evacuated to the moment, informed k2kapital. Coastal services sent a rescue vessel and two helicopters to the place of inc...
Net profit of Seaport of St.-Petersburg OJSC increased by 27.5% (up to RUR52.56 mln under Russian Accounting Standards) within 9-month period of 2009 as compared to the corresponding period figure of the previous year. As per the official company’s information, company’s net profit amounted to RUR30.9 mln in Q III, 2009. Seaport of St.-Petersb...
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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