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DETROIT, May 22 /PRNewswire-USNewswire/ -- The U.S. Department of Homeland Security has announced $844 million in funding for fiscal year 2008, as part of its Infrastructure Protection Activities Grant Program, including over $388 million for its Port Security Grant Program. The Detroit/Wayne County Port Authority (DWCPA), as part of this announcement, ha...
The Board of Tanzania International Container Terminal Services Ltd. (TICTS) announced that following a Board meeting held on Thursday, 8 May, John Meredith, Group Managing Director of Hutchison Port Holdings (HPH), would replace the Hon. Nazir Karamagi as Chairman of the Board with immediate effect. Commenting on TICTS' performance, John Meredith sa...
Two Port of Long Beach container-cargo terminals will receive $5 million in grants from the Port to convert diesel-powered cargo cranes to electricity for substantial air pollution improvements. The Board of Harbor Commissioners on Monday, May 19, approved two grants of $2.5 million each to help fund the electrification of 28 diesel-powered rubber-ti...
The Port of Salalah is investing $112 million for installing port handling equipment at the newly-developed berths, which will enhance the port' s capacity to 6 million twenty equivalent tonnes (TEUs) per annum from 4.5 million TEUs now. The cost of expansion will be funded by way of long-term borrowing from institutions and internal accruals. The port is...
Dutch-based port operator APM Terminals, part of Danish group A.P. Moller - Maersk, has doubled the capacity at its facilities in the Nigerian port of Apapa. The capacity expansion comprised installation of four new gantry cranes and is in line with the operator's previous investments in the African port. Apapa, which is Nigeria's largest and mo...
Johor Corporation Bhd’s unit Tanjung Langsat Port Sdn Bhd is issuing RM385mil nominal value Islamic debt notes to expand its port operations and repay its borrowings. The debt notes comprise of RM250mil sukuk musyarakah and up to RM135mil musyarah commercial papers/ musyarakah medium term notes. The underwriters for the debt notes are MIDF Amana...
Port Aktau will be capable of handling some 20 million tonnes of oil and 3.5 million tonnes of dry cargo after reconstruction, the port' s deputy Director Dauren Kutpanbayev told journalists according to Azerbaijan News. According to the source, oil transshipment will grow to 5 million tonnes in the nearest future due to transshipment of oil from Tengiz f...
China shipping giant China Ocean Shipping Company (Cosco) is in talks to buy part of a major Greek port giving it increased access to European markets, reports China Daily. Company officials said Cosco Hellas, the firm's subsidiary in Greece, is interested in taking part in possible plans to buy shares in the Piraeus Port Authority (PPA). So sai...
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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