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The country’s ports not only charge the highest rates in the region but are also not equipped to meet the needs of modern maritime trade where competition, efficiency and fast turnaround of vessels are the hallmark, importers and exporters told Daily Times. Similarly, container terminals of the country are much costlier than others in the region and...
Buried deep in article by the China Daily newspaper today on port consolidation along the China coast is the admission that two former port foes are talking to each other, with a possible view to merge. “Major ports in the country are holding consolidation talks with regional rivals as resource duplication and stifling competition threaten to destr...
The Suez Canal Container Terminal said March 24 it received a call by a container ship that tested the depth of its new berth depth, which is 47.5 feet. The 5,400-TEU vessel, the M/V YUEHE, has a draft of 14.4 meters (47.25 feet) and is 918 feet long. The terminal, which is 55 percent owned by APM terminals and operated by it, said that receiving vessels ...
The Port of Seattle is postponing the acquisition of the BNSF Eastside Rail Corridor because of the continuing difficulty of raising capital in the nation's bond markets. The Port intends to issue municipal bonds to finance the $107 million purchase price of the rail corridor. The sale was originally expected to close in December 2008, but the transact...
The Port of Felixstowe welcomed the maiden call of the BG Felixstowe on 11th March 2009. Owned and operated by BG Freight, the BG Felixstowe forms part of the ‘Dublin Express Link’, a weekly speed-link directly to Dublin. At 133m long, and with a capacity of 974 TEU, the vessel will provide additional capacity between Rotterdam, the UK a...
India's Port of Jawaharlal Nehru released a Request for Qualifications for the development of its long-awaited fourth container terminal project. Earlier, more than 40 domestic and international companies, including APM Terminals, DP World and PSA International, had responded to the west coast port’s initial Expression of Interest issued in 2006. ...
Suez Canal revenue and traffic dropped almost 25 per cent in February as the world economic crisis continued to bite, a Canal Authority official said on Monday. Canal revenue fell to US$302 million (S$623 million) from US$408 million in February 2008 and the number of boats dropped to 868 from 1,272, the official said. The volume of trade passing through ...
Throughput at the COSCO Pacific-PSA International jointly run terminal in the Port of Singapore is off 56 percent through the first two months of 2009, a sign of how slumping demand has affected the world's biggest container ports. The terminal isn't one of COSCO's biggest, but total throughput for the Chinese terminal operator at the 20 global termina...
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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