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The Dubai-based DP World, which owns DP World Chennai, the company that operates a private container terminal at the Chennai port, proposes to invest $19.8 million in the Chennai subsidiary. The investment will be made to purchase two new quay cranes. Ennarasu Karunesan, director and CEO, DP World Chennai said that two quay cranes will be imported from C...
The Ministry of Land, Transport and Maritime Affairs in South Korea says that it will test-run an automated port control system newly established at Sinsondae pier in Busan Port and a container terminal in the southern port city, KBS World News reported. The ministry said that currently, container transport at the piers is conducted by people who give di...
China Shipping Container Lines Co. rose the most in six months and Shanghai International Port (Group) Co. surged after the central government approved a Shanghai sea-cargo stimulus plan. China Shipping Container, the nation’s second-biggest cargo-box carrier, jumped 10 percent in Shanghai, its hometown, to 3.98 yuan. Shanghai Port, operator of the...
Chevron Corp.’s Drift River oil terminal in Alaska has been shut down following extensive flooding in the area from a volcano eruption earlier this week, a state government agency said. The terminal supplies Tesoro Corp.’s Kenai refinery, Mickey Driver, a spokesman for Chevron, said in a telephone interview. The terminal handles 8,200 barrels...
Busan port’s container cargo trade volume has been on a downward trend for four consecutive months starting from last November, posting a 20.9 percent drop last month compared to the same period a year earlier. In particular, Busan port’s high-value added transshipment cargo volume accounting for 43 percent of the total amount of the containe...
CHINA's port container handling volume recorded a 17 per cent decline year on year to total 6.97 million TEU in February, expanding the drop in January as the financial crisis continued to damage exports, Xinhua reported The figure was also down 22.5 per cent from January, which saw 8.99 million TEU, down 13.3 per cent year on year and 12 per cent from D...
Zim Integrated Shipping Services entered a cooperation agreement with the Grand Alliance on the service from South China to the U.S. East Coast via the Panama Canal. The agreement, slated to take effect in early April, covers the South China-East Coast Express (SCE) Service, the Israeli carrier said in a statement. The joint service will deploy eight 4,20...
MEDITERRANEAN Shipping Company's (MSC) Lion service, which connects the Far East to northern Europe, has made its maiden call to Port of Guangzhou's Nansha Terminal. The service offers weekly sailings, calling at Guangzhou every Wednesday. MSC deployed ten 9,000-TEU ships on the service. Port rotation is: Pusan, Qingdao, Ningbo, Shanghai, Yantian, Nansh...
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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