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It is planned to transfer funds received from Ust-Luga Company JSC infrastructure bonds placement onto development multi-functional transhipment complex (MPK) Yug-2 and port infrastructure. Grigirii Dvas , Vice-governor of Leningrad region, informed PortNews on the matter in the course of II Annual International conference ‘Trilogia’. As per D...
Tartous International Container Terminal jsc (TICT), terminal operator of the container handling facility at the Port of Tartous in Syria, has revealed that German megaliner, Hamburg Süd, has shifted most of its vessel calls from Lattakia to Tartous. According to Romeo Salvador, TICT general manager, the German shipping line has transferred mos...
Mitsubishi Heavy Industries has upped its newbuilding order forecast for the year, although it says interest in new commercial vessels remains weak. For the financial year ending March 31, 2010, MHI has upped its full order forecast to ¥140bn from ¥120bn previously. The company said the improved forecast reflected the situation of ongoing negotiati...
China COSCO Holdings, the country's largest shipping group, narrowed its quarterly losses as China demand drove a rise in bulk cargo volume and freight rates and the container shipping market improved. China COSCO made a net loss of 690.7 million yuan ($101.2 million) in the quarter ended Sept. 30, cutting its quarterly deficit by nearly half from 1.27 bi...
A data exchange pilot scheme between China and Russian customs has been completed by Qingdao and Ningbo customs, establishing each as customs data ports between the two countries, reports Xinhua. Henceforth, Chinese customs will send information of export cargo destined to St Petersburg and Vladivostok to Russian customs, including cargo's departure date,...
Volume of cargo shipped in inland waters of St.-Petersburg decreased by 47.1%, in the sea – 11.2% within 9 months 2009 as compared to the corresponding period of 2008. Federal service of state statistics in St.-Petersburg and Leningrad region informed on the matter. Volumes of cargo shipped within inland waters of Leningrad region decreased by 24....
StState port operator Pelindo II refuses pressures from several logistical businesses to eliminate terminal hNeptune Orient Lines expects to remain deep in the red well in to next year as depressed conditions in the container trades show no sign of easing. The Singapore line lost $139m in the third quarter, compared with a profit of $35m in the same perio...
State port operator Pelindo II refuses pressures from several logistical businesses to eliminate terminal handling charge (THC). President pirector of Pelindo II, R. J. Lino revealed the pressures for THC elimination could not be granted since it would reduce the company's revenues. "THC cannot be eliminated. Besides, THC is for the government to decide,...
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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