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Media
Officials from Port Panama City and Port of Progreso, Mexico have signed a sister port agreement and stated they want to build a Florida-Yucatan sea bridge, Panama City's News Herald reports. The sea bridge, which would close the 575 nautical miles between the two ports, is planned to attract more cargo business through the Gulf of Mexico shipping cor...
Dubai Ports World said it signed a 40-year lease deal with the Port of Brisbane and is looking to invest A$250 million ($239.5 million) in the port in response to market demand. Under the deal, DP World will lease a container-only terminal for an initial 20-year term, with a 20-year option, Port of Brisbane chief executive Jeff Coleman said in a statement...
Dubai World's ports and free zones unit hired Citigroup Inc and Deutsche Bank AG to arrange loans for $1.25 billion to pay for its acquisition of UK warehouse development company Gazeley from Wal-Mart Stores. Ports & Free Zones World plans to start meetings with other potential lenders in Dubai and London this week to get a three-year loan, said a ban...
The Jindal South West (JSW) group is planning to invest Rs.15-20 billion to set up a deep seaport in Orissa, a top company official said here Friday. We plan to invest Rs.15-20 billion to set up a deep seaport in Orissa, which will cater to our upcoming steel plant at Salboni [in West Bengal, JSW Steel vice chairman and managing director Sajjan Jindal tol...
In the nearest future, reconstruction and port zone development is to start in Yeisk. The management of RosMorPort FSUE plans to double the throughput of Yeisk Branch. According to the press center of the city administration, the perspectives of port complex development were discussed at the meeting of Sergei Tulinov, head of Yeisk district, management of...
Hong Kong-listed Cosco Pacific, a subsidiary of the Cosco Group, is in talks to bring a partner into its plan to take a 30 per cent stake in the operations of Fuzhou Port, the South China Morning Post reports. Cosco signed a letter of intent with Fujian Provincial Communication Transportation (Shareholding) to acquire an equity interest in the port la...
According to plans set for approval this month, the port authorities in Georgia and South Carolina will share ownership of the Jasper Ocean Terminal site. The property, which is in South Carolina but currently owned by the Georgia Dept of Transportation (GDOT), will be paid for and owned jointly by the South Carolina State Ports Authority (SCSPA) and ...
Big Chinese ports, classified as those with annual operating revenues over US$732,000, clocked in 61.6 million TEUs in the first half of 2008, up 17.1 percent year-on-year. The Ports of Shanghai and Shenzhen ranked first and second on the list in terms of container throughput, with Shanghai pulling 13.8 million TEUs and Shenzhen 10.2 million TEUs. ...
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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