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The 12 major, state-owned ports of India, which handle 70% of India’s import-export traffic, are increasingly feeling the global slowdown with cargo volumes spiralling southwards. In October this year, the dozen ports handled a total traffic of 42.18 million tonnes compared with 44.49 million tonnes in the same month last year. A drop in port cargo ...
The Virginia Port Authority (VPA) has posted an operating loss of US$3.7 million for the first quarter of its fiscal 2009, sending a clear signal that the world's deepening financial crisis is taking a toll on cargo movements, the Daily Press reported. Operating revenues at the authority's four cargo terminals fell to $56.7 million for the three ...
Chinese President Hu Jintao is in Greece for a three-day visit, timed for the signing of a euro831.2 million ($1 billion) port deal. China's Cosco Pacific Ltd. will receive a 35-year concession to manage two container wharfs at Greece's main port of Piraeus. The agreement will be signed Tuesday. The Chinese port operator announced details of ...
Global marine terminal operator DP World said today that operations at its flagship terminal at Jebel Ali had returned to the usual high service levels with no delays to shipping. DP World introduced a number of initiatives to relieve congestion that began at the terminal over the Summer, working closely with its customers. Growth in volumes had ...
First phase of a new container terminal will be put into operation by Commercial Port of Vladivostok on December 10, 2008, the company reports. Commercial Port of Vladivostok OJSC owns and operates the property complex of the port of Vladivostok, one of Russia’s largest ports in the Far East. In 2007, the company’s throughput totaled 4.855.8 million t...
COSCO Pacific said this week that throughput for its 20 terminals was up 14.1 percent in October compared to the same month in 2007. In raw numbers, the China-based terminal operator saw volume climb from 3.4 million TEUs to 3.9 million TEUs during the month. Meanwhile volume year-to-date has climbed 20.7 percent, from 31.6 million TEUs to 38.1 mi...
CMA CGM said it will invest in the construction and the management of a deepwater container terminal in the port of Xiamen with partners New World Services Holding Ltd. and Xiamen Haicang Investment General Co. The French carrier said the venture, in which it will hold a 30 percent stake, has been approved by the China's National Development and Refor...
NYK Line and Wallenius Wilhelmsen Lines have signed a deal to set up a dedicated auto terminal at the Port of Mundra in western India, India's Daily News and Analysis and CargonewsAsia reported Thursday. The reports said the companies, two of the biggest in the global roll-on/roll-off business, plan to use the Mundra Port and Special Economic Zone...
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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