Media
Media
Oversubscribed and reportedly closing a day ahead of schedule, Hutchison Port Holdings Trust’s $5.8bn initial public offering has proved renewed investor interest in the ports sector. Reuters reports that traders close to institutional bankers said Hutchison's book generated institutional orders at a price range of $0.99- $1.03 a unit or slightly a...
Infrastructure fund manager Arcus - Forth Ports largest shareholder - has offered £16.50 per share, valuing the operator at £746m. The takeover bid marks the second in less than a year; Northstream Consortium’s rejected bid tabled in June 2010 valued the company at just £640m. Industry pundits are talking up the bid as a sign of...
The total port cargo throughput in 2010 in Hong Kong increased by 10 percent over a year earlier to 267.8 million tons, said the city's statistical authority Tuesday. Within this total, inward and outward port cargo rose 11 percent and 10 percent to 154.3 million tons and 113.6 million tons respectively. Meanwhile, the total port cargo throughput in Ho...
THE Maritime Workers Union of Nigeria (MWUN) have called on members to strike, but the response from dockers appears sporadic with some facilities and terminals at Onne Port, Rivers State, saying separate union deals will leave them unaffected. The latest development, reports London's Containerisation International, stems from an ultimatum issued by the ...
THE Manila-based International Container Terminal Services Inc (ICTSI) has won a 30-year contract for the management, operations and development of a container terminal in the Port of Rijeka, Croatia's principal seaport on the Adriatic. ICTSI and the existing concession holder Luka Rijeka (LR), a marine services and logistics provider in Croatia, signed...
THE largest port in central China's Hunan province, Lingji, posted a container throughput of 13,006 TEU in January, the largest monthly throughput since the port started operation, Xinhua reported. In January, Lingji recorded an inbound and outbound cargo volume of 981,000 tonnes, up 22 per cent year on year. Inbound cargo amounted to 469,000 tonnes. Ou...
THE Grand Alliance that groups together Hapag-Lloyd, OOCL and NYK has recommenced weekly sailings of its Asia-Europe loop D service, after reducing the frequency of the service to twice weekly from last October until the end of February to reduce capacity during the slack winter season. The port rotation for loop D is: Busan, Qingdao, Shanghai, Ningbo, Sh...
LIBYA's ports have been bypassed as shipping lines divert cargo elsewhere fearing the safety of their crews, or having ships stalled in port as dockers abandon their posts because of the civil unrest. A spokesman for forwarder Tuscor Lloyds told London's International Freighting Weekly that operations at Tripoli, Benghazi and Misurata had stopped. "...
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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