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India is likely to invest $18 billion in ports and over $4 billion in its shipbuilding industry in the next five-to-seven years, shipping industry players said at a meethere. Shipping Corporation of India's Chairman and Managing Director, S Hajara, who spoke at the meet, said that shipping should be brought under the infrastructure ambit. He called for a...
Container throughput of eastern China's port of Ningbo reached a new monthly high by reaching 998,600 TEU in August, up 0.3 per cent year on year and up 8.5 per cent over July. This was the fourth month in a row that the port recorded month-on-month increase in its box volume, said Logistics Week. The port's throughput tonnage increased 5.4 per cent to...
THE French the Port of Le Havre plans to double container capacity to six million TEU a year by 2020 and to increase market share nine per cent in the North-European range by 2016. By comparison, from January-June 2009 container cargo amounted to 10.8 million tonnes, against 11.9 million tonnes for the corresponding period in 2008. Le Havre port terminals...
INDIA's shipping ministry has scrapped an auction for a second container terminal at Tuticorin port in southern Tamil Nadu state after Singapore's PSA International, which was excluded from the bidding, challenged the decision in high court. A government lawyer informed the court that the tendering process has been scrapped and the port authority would ...
FIFTEEN nations have declared support for the UN convention called the Rotterdam Rules, which set out rights and obligations in the maritime carriage, announced the Port of City of Rotterdam where the signing took place this week. But the convention does not take effect until a year after 20 nations ratify it, and recent debate has revealed doubts whether...
CONTAINER throughput of eastern China's port of Ningbo reached a new monthly high by reaching 998,600 TEU in August, up 0.3 per cent year on year and up 8.5 per cent over July. This was the fourth month in a row that the port recorded month-on-month increase in its box volume, said Logistics Week. The port's throughput tonnage increased 5.4 per cent t...
According to a story in Port World in late July, the Port of Rotterdam registered a nearly eight percent y-o-y decline in ship traffic to 16,655 ships from January to June 2009 as compared with 18,223 ships in the corresponding period of 2008, New Zealand Transport Intelligence Briefing reported. The Dutch port recently reported a slump of more than 13 pe...
In London, the Brent Crude contract was down $2.45 on September 23 to $67.99 per barrel on the ICE Futures exchange. Light Sweet Crude fell $2.79 to $68.97 on the New York Mercantile Exchange, RBC reports. Source: Port News
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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