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A senior official from the world's fifth largest box terminal operator has been quoted saying that new port investments are “too risky in the current market”. Xu Minjie, vice-chairman and managing director for COSCO Pacific Limited, also China's largest box terminal operator, said the company is now aiming to upgrade ports in which it has a...
Shanghai International Port (Group)expects its container handling volume to reach 29 million TEUs this year, according to Chen Xuyuan, president of the Shanghai-based port operator. Shanghai International Port's container throughput reached 28 million TEUs last year, representing a year-on-year increase of 7%. Its operating revenue and net profit rose to ...
With handling of one more prestigious project cargo this week, its heaviest so far, the decade-old country's first private port at Mundra in southern Kutch, has proved that weight, size and volume of any cargo does not matter for it. Yes, you name it and we will handle it as our unique handling operations of recent project cargos indicates. Only a few day...
Automobile operator BLG Logistics Group (Germany) will start delivery of automobiles to Sea Port of Saint Petersburg in April 2009, ABN refers to RF Trade Agency in Finland. According to the source, the sides have signed a contract under which automobiles will be transported from Bremerhaven (Germany) to St. Petersburg. The first batch is to consist of 40...
Shipping giant Maersk has dealt another blow to Southampton’s recession-hit container port by switching business to its rival. From May Maersk Line, the world’s biggest container shipping firm, is to steer the massive ships on its AE1 service from Asia to Europe to Felixstowe, Suffolk, instead of Southampton. It’s the latest in a tide ...
In the first quarter of 2009, Aktau International Sea Trade Port handled 3.24 mln t of dry and oil cargo (+19.8% against plan), the port’s press center informs. In the reported period, transshipment of dry cargo amounted to 392,100 tonnes including 57,900 tonnes of grain. In the 3-month period, the port handled 467 vessels. In March 2009, the port...
The environment of the Kerch Strait has been revived, RIA Novosti cites Aleksandr Ship, acting deputy head of the Administration of Temryuk district (Krasnodar region). According to Aleksandr Ship, “no piece of heavy fuel oil is on the shore today”. “The Nature itself worked all this time. Besides, everything was taken away after the dis...
The Iraqi government approved building the country's biggest port in Basra, based on private investment mechanism. The project is considered one on Iraq's main strategic projects that could activate the country's economy and affect the region's economy, spokesman of the Iraqi government Dr. Ali Al-Dabbagh said in a press release issued Thursday. Iraqi...
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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