Ras Al Khaimah, an investment agency, has decided to construct a new container terminal in the Poti Seaport since the container turnover in the seaport has increased by 25% for the last year. The new terminal will meet modern standards and will be constructed on 100 hectares over three years, company management said. Until the construction of the new ...
Copenhagen Malmö Port (CMP) reports a SEK 181 million (EUR 16.6 million) pre-tax profit for 2008, up by 24 percent compared with 2007. The result is the best since the company was established in 2001, despite the global financial crisis under the second half of 2008. CMP foresees a negative impact from the downturn in world economy in 2009, but e...
Johor's Port of Tanjung Pelepas (PTP) is looking for a further RM4bn in capital expenditure (capex) in the next five years for its expansion plan. Chief executive officer Captain Ismail Hashim says RM2.5bnwas allocated under the first phase of the expansion plan and PTP is looking at RM4bn more for phase two. On current developments, Ismail ...
Suez Canal traffic in January hit its lowest level in five years because of the global financial crisis and boats taking other routes to avoid piracy, a Canal Authority official said on Sunday. The number of boats passing through the narrow channel in January was 1,313 compared to 1,690 in January 2007, down 22 percent, the unnamed official said. ...
Today a container vessel of the French CMA-CGM line, which provides a regular service between the Adriatic and the Far East, arrived alongside berth 7c on the extension of Pier I, and unloaded and loaded a total of 2,252 TEUs. This is an important event for Luka Koper d.d due to the fact that it is the first vessel to use the recently completed final 96 m...
According to the port official, Rizhao port, one of China's major handling ports of ore imports, has seen imported iron ore double from last December to 5.4 million tonnes in January coal throughout tonnage up 37.8% to 1.74 million tonnes. The major driver is the increased purchase from smaller mills who have resumed production. Shandong province has...
CSAV-Norasia is moving the Benelux call by the IMEX Service to the Middle East and India from Antwerp to Rotterdam. While in Antwerp, the container service was responsible for just under 60,000 TEU a year. In the IMEX, six vessels with a capacity of 2,700 to 3,100 TEU will be used. The first departure from Rotterdam is on 6 March, with the CSAV T...
Russia's Pyotr Veliky missile cruiser has detained three pirate vessels off the coast of Somalia, a Russian Navy spokesman said on Friday according to RIA Novosti. Two speedboats and a large parent ship were detained with 10 Somali pirates on board, Capt. 1st Rank Igor Dygalo said. The incident occurred on Thursday near Yemen's Sokotra Island...
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