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FOR the first time, South Korea's main seaport of Busan, will service post-panamax box vessels from Geneva-based MSC and Marseilles-based CMA-CGM before year end which could see a return to the ports old form, say officials. The event should help Busan's status as an international port and boost efforts to transform it into a logistics hub for n...
A PROPOSAL to build an intermodal transfer yard with a capacity of eventually handling 800,000 TEU annually, and the potential to link trucks to trains near a new container terminal at the US Port of Charleston, has sparked a row between state agencies and private companies. Shipyard Creek Associates wishes to build the yard on 135 acres of land ...
HONG Kong-based Hutchison Port Holdings (HPH) has taken control of Amsterdam-based Ceres Container Terminals Europe from Nippon Yusen Kabushiki Kaisha (NYK) in a share-swapping agreement. In exchange for the majority stake in CTE, NYK will have a minority stake in Europe Container Terminals (ECT) in Rotterdam. Commenting on the agreement, John Me...
Hutchison Port Holdings (HTH) and Greek pharmaceutical group Alapis, highest bidders for Thessaloniki port's (OLTH) cargo facilities, pulled out of the tender, Greece's second largest port said late on Tuesday. The port said the two sides were about to draft contracts after the joint venture led by HTH, the port operating arm of conglomerate Hutc...
A Ford factory near Russia's second city of St. Petersburg announced on Wednesday it had shut down its assembly lines until January 21, RIA Novosti reports. The company said it made the decision, which came into effect on Wednesday, in connection with the New Year vacations, the ongoing global financial crisis and the necessity to reduce producti...
Cosco Pacific has named He Jiale as its new executive director, the company said Monday. He will head one of the world's biggest terminal operators, as the Chinese company has expanded into global operations in Egypt, Greece and Singapore in recent years to complement its portfolio of terminals in mainland China. He previously s...
The Philippine Subic Bay Metropolitan Authority (SBMA) has approved 34 investment projects, including one on bunkering, at Subic Bay Free Port. The $6-billion investment commitments to develop the port have increased by $87.63 million after the 34 new projects are approved last week. Among the new investments, private firm Ocean Coast Shipping...
CONTAINER carrier APL has announced its twice-weekly Central America Express (CAX) and its CX2 will add the Port of Miami and subtract Port Everglades from January 6. This will link Miami to Honduras, Guatemala, Nicaragua and El Salvador and with APL's major European and Latin American trade routes. Latin America APL vice president Carlos Ve...
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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