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Beihai Port Co, a port operator in southwest China, said on Saturday that it was indefinitely suspending a plan to buy port assets worth 2.22 billion yuan ($325 million) from its state parent. The company had announced last August that it would issue 288 million shares to its parent at 7.71 yuan each to take control of two ports from the parent group. Bu...
An infrastructure fund managed by British private equity company 3i Group Plc has approved a $161m investment in India's Krishnapatnam Port Company Ltd. KPCL has been awarded a 30-year concession for the Andra Pradesh-based deep water port on a BOT basis and is expected to cater to about 100m tonnes of bulk cargo upon completion. Anil Ahuja, head of Asi...
Despite plunging global markets and an economic meltdown, Mormugao Port Trust's (MPT) cargo traffic is set to touch 40 million tonnes this financial year, above the estimated target of 37 million tonnes, the Times of India reported. With just over a month to go to the end of the financial year, MPT expects to beat last year's traffic of 35.13 million t...
Wadan Yards owned by Russian businessmen has received a EUR 180-mln loan for construction of vessels from German Government. KFW IPEX-Bank Gmbh and Deutsche Bank are to finance the loan for effective rate of 7.85% per year, the company’s press center reports. The loan is secured by fixed and auxiliary assets, governmental guarantees, insurance contrac...
In January 2009, the general cargo flow of Novorossiysk sea trading port (Russia) totaled 7.04 mln tons, an increase of 1.03 mln tons compared to the same period of 2008. In January, the grain cargo transshipment totaled 437.000 tons, up 5.4% compared to January level of the last year. Several segments decreased their cargo flow volumes. Sugar shipment ...
Beihai Port Co, a port operator in southwest China, said on Saturday that it was indefinitely suspending a plan to buy port assets worth 2.22 billion yuan ($325 million) from its state parent. The company had announced last August that it would issue 288 million shares to its parent at 7.71 yuan each to take control of two ports from the parent group. But ...
Khalifa Bin Salman Port will start operations next month and Mina Salman will remain operative for the next 10 years at least, General Organisation of Sea Ports director Hassan Al Majid told our sister paper Akhbar Al Khaleej. The BD160 million seaport is one of the latest and largest in the region. It is capable of receiving giant sea cruisers, with depth ...
The ports arm of the world’s largest container shipping company is considering its first investment in the UK after holding discussions with the operator of the Port of Bristol. APM Terminals, part of Denmark’s AP Møller-Maersk, is considering working jointly with the Bristol Port Company on development of a new container terminal able ...
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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