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The Panama Canal Authority (ACP) has decided to provide an extension for the locks proposal due date after hearing what was involved from interested companies. The extension is in line with the overall timeline of the expansion project and the programme remains on track. ACP has already planned for such contingencies, said the authority in a statement...
The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may drop for a fifth day on an extended lull in demand before August cargoes. Oil companies have yet to start hiring most of the tankers for the cargoes due to load next month, reports from Optima Shipbrokers in Athens showed. There are about 105 bookings a month. ...
CMA CGM Group, through its subsidiary Terminal Link (Miami), and APM Terminals North America will form a joint venture to operate terminals in the port of Miami. The Miami-Dade Board of County Commissioners unanimously approved a resolution that authorises the joint venture. Terminal Link will sign a 15-year agreement with Miami-Dade County and th...
Bloomberg reported that Kuala Lumpur based MTD Capital Bhd, a builder of toll roads from China to Sri Lanka, will spend USD 100 million in the next five years to build and operate a coal terminal in Indonesia's west Java. The report quoted Mr Yusof Merican head of MTD's Indonesian business as saying that MTD Capital will spend USD 40 million immediately t...
It is reported that global container carrier APL has commenced services to the Port of Sohar with the arrival of a giant container ship on a maiden visit to the industrial port’s Oman International Container Terminal. MV APL Chile, a 4,038 TEU vessel deployed by APL on its China Middle East service, has discharged 593 TEU of containers destined for Muscat...
The Long Beach City Council voted Tuesday to re-examine the financing model for a $2.4 billion truck re-regulation plan approved earlier this year by the city's port officials. The 6-0 vote, which sets the stage for a re-examination by the end of summer, could lead to a council decision that certain aspects of the truck plan financing should be altere...
Container imports at the main U.S. ports are slowly climbing but are expected to remain below last year's levels for most of 2008, according to the latest monthly Port Tracker report from the National Retail Federation and Global Insight. The report added that despite the expiry of West Coast dockworkers?union contract on July 1, negotiations are con...
The bonded port of Yangpu in Hainan province will soon have a new crude oil tanker terminal that can accommodate VLCCs. The planned facility is being built by SDIC Communications Company in the Yangpu Economic Development Zone, reports said. The project, boasting two VLCC berths, two aframax berths and two berths for smaller tankers up to 50,000 d...
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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