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Yingkou Port Liability Co Ltd announce on Tuesday it plans to issue up to RMB 1.2 billion corporate bonds, sources reported. The Liaoning-based company said in a statement filed with the Shanghai Stock Exchange that the maturity of the bonds will not exceed 10 years, depending on the market conditions. Proceeds from the bond issue will be use...
Iraq plans to build a new offshore oil terminal in Basra, in addition to reviving the existing facilities, a former official says. Former Iraqi Oil Minister, Thamir Ghadhban told MEED that the country is considering several options as part of an assessment program of the country's energy infrastructure in Basra province. We have a plan to reh...
Novolipetsk steel (LSE: NLMK), a leading Russian steel producer, announces that it has agreed to sell its 69.41 % share in OJSC Tuapse Seaport (TMTP) to Universal Cargo Logistics Holding B.V. (UCLH). The transaction is subject to antitrust regulatory approval and is expected to close in two months. This divestiture is in line with NLMK’s previo...
National Container Company (NCC, Russia) and Kalmar Industries (Kalmar) signed a contract for production and delivery of 9 new icon terminal tractors and 4 reachstackers for Ust-Luga Container Terminal. In operational terms, icon outperforms other terminal tractors thanks to the productivity and ease of maintenance. The icon series of terminal tractor...
The Polish deepwater container terminal DCT Gdansk has boosted its handling capabilities with the commissioning of three new Liebherr rubber-tyred gantry cranes (RTGs), complementing the five cranes already in service. Training of new crane operators has also been completed and the terminal is ready to handle the increased volumes of business forecast whe...
Shanghai, already the world's second-busiest container port, completed the third phase of its deep-water and will spend roughly US$2.9 billion on further expansion despite the global economic crisis, the South China Morning Post reported. With the end of construction of the third phase of the Yangshan Deepwater Port, its total capacity would be 9...
Shanghai-listed Rizhao Port Co Ltd, subsidiary of China Rizhao Port (Group) Co Ltd, announced it plans to earmark RMB 160 million to jointly construct two railway companies. Pursuant to the agreement signed by the Ministry of Railways and the Shandong province, one of the new companies, called Shandong Dongping Railway Co Ltd with a registered ca...
Hutchison Whampoa Ltd, the world's largest container terminal operator, has signed an agreement with Shenzhen Yan Tian Port Holdings Co Ltd to jointly construct and develop the Shenzhen Yan Tian East Port Phase 1 container terminal project at Yan Tian Port in Shenzhen city, sources reported. The East Port Phase 1 will cover an area of 1.38 millio...
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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