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Ten months after Forth Ports became involved in a takeover war against its largest shareholder, the docks company looks close to running up the white flag, following a takeover approach of US$1.2 billion priced at $26.39 a share from a European fund. The offer for the would-be harbourside property developer came from the Arcus European Infrastructure Fund...
International Container Terminal Services, Inc. (ICTSI) recently won a 30-year contract for the management, operations and development of a container terminal in the Port of Rijeka, Croatia's principal seaport. ICTSI and Luka Rijeka d.d. (LR), Croatia's largest marine services and logistics provider, signed a 30-year strategic partnership for the manage...
International Container Terminal Services, Inc. (ICTSI) has signed a 30-year contract with Luka Rijeka d.d. (LR), Croatia’s largest marine services and logistics provider, for the management, operations and development of the Adriatic Gate Container Terminal (AGCT), a unit of LR and the existing terminal operator of the Bradjica Container Terminal in ...
Hutchison Port Holdings (HPH) Trust launched its initial public offer for a listing on the Singapore Exchange (SGX) today and planned to raise as much as US$5.8 billion, reported Channel NewsAsia. This will be Singapore's largest IPO, topping SingTel's $3.16 billion listing in 1993. HPH offered nearly 3.9 billion units for the IPO and some 185 million...
Philippine-based port operator International Container Terminal Services Inc (ICTSI) saw its net profit rise 79 percent to US$98.3 million in 2010, helped by a recovery in global trade that led to a strong increase in cargo traffic at its various ports in the Philippines and other parts of the world, reported Dow Jones Newswires. ICTSI said full-year reve...
Australia's Bundaberg port will start clearing a significant backlog of sugar shipment after it reopened last Friday. The southern Queensland port has been closed for more than two months after the Burnett River flooded in late December, resulting in more than 120,000 tonnes of sugar left stockpiled. Ships up to 140 metres in length can now enter the po...
INDIA's new budget has allocated an estimated US$47 billion for ports, road and rail infrastructure development for the fiscal 2011-12 starting April 1. "Infrastructure is critical for our development. The proposed budgetary allocation for 2011-12 is 23.3 per cent higher than that for the current fiscal year," said Finance Minister Pranab Mukherjee, acco...
THE Port of New York and New Jersey last year handled a total of 5,292,020 TEU, representing an increase of 16 per cent over 2009. A breakdown of the results show that the volume of loaded containers totalled 4,097,420 TEU, with loaded imports rising by 14.9 per cent last year to 2,579,093 TEU and exports growing by nine per cent to 1,518,327 TEU in 2010 ...
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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