Port News

Shengeliya lefts the post of Vanino port director generalSep 1, 2008

The Board of directors of OJSC "Vanino sea trading port" (VSTP) made a decision to stop ahead of the schedule powers of the director general of the company Apollo Shengeliya. It is spoken about in the report of the port according to AK&M. The Board of directors accepted such decision under A.Shengeliya's application. Alfir Bogudinov is elected the ne...

The Port of Houston Authority approves $35M Bayport projectSep 1, 2008

A $35 million project for Bayport Container Terminal in the Houston Ship Channel has been given the green light. The Port of Houston Authority approved a plan to purchase three dockside electric container cranes at an estimated total cost of about $34 million for use at Berth 3, which is currently under construction. Six cranes currently operate at th...

Greece's Piraeus Port posts H1 loss of 4.3 million eurosSep 1, 2008

Piraeus Port (OLP), Greece's largest, posted a first-half loss of 4.3 million euros ($6.36 million) on Friday and said it feared a full-year loss if strikes over the privatisation of its container business continued. OLP (OLPr.AT: Quote, Profile, Research, Stock Buzz), which made a net profit of 12.3 million euros in the same period last year, said sa...

Buckeye Partners, L.P. сompletes purchase of Albany terminalSep 1, 2008

Buckeye Partners, L.P. (the Partnership) today announced that its subsidiary, Buckeye Albany Terminal LLC, completed the acquisition of an ethanol and petroleum products distribution terminal located in Albany, New York from LogiBio Albany Terminal, LLC, an affiliate of U.S. Oil Co., Inc. and LogiBio, LLC, for cash consideration of approximately $46.5 mil...

Bulgaria ports to build container terminals with Japanese loanSep 1, 2008

The contract for a loan in the amount of EUR 230 M for the construction of new container terminals was signed Friday by Finance Minister Plamen Oresharski and representatives of the Japanese bank. Photo by Yuliana Nikolova The Bulgarian Cabinet officially received Friday the loan in the amount of EUR 230 M from the Japanese Bank for International Dev...

Tecplata to invest US$350mn in new Argentine container terminal Sep 1, 2008

Buenos Aires province governor Daniel Scioli signed an agreement for the construction of a new container terminal at La Plata port, the provincial website reported. The project will be carried out by the Tecplata consortium, formed by Argentine businessman Ricardo Román and the Philippine group International Container Terminal Services. This will ...

NZ Tauranga port's full-year profit up 7%Sep 1, 2008

Port of Tauranga, New Zealand's biggest export port, said full-year profit rose 7 per cent amid increased container handling and log exports. Net income was NZ$42.1 million (S$42 million) in the 12 months ended June 30 from NZ$39.3 million a year earlier, the Tauranga-based company said in a statement sent to the stock exchange. Sales rose 12 per ...

Tampa port container shipping may triple in three yearsAug 29, 2008

Tampa port officials predict their fledgling container shipping business will triple over the next three years. Port director Richard Wainio ticked off reasons for optimism Wednesday in a briefing for port commissioners: Demand for consumer goods shipped from Asia in containers remains strong. The port's major container shipper will bring a bigger ves...

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