Port News

Mundra Port stock jumps 30% in a monthMay 16, 2008

Adani Group company Mundra Port and Special Economic Zone (Mundra Port) is a buzzing counter at the stock market these days; the stock has outperformed the market by a huge margin during the last one month. Even after paring some of the gains of the last two trading sessions, the only listed private port in the country showed a gain of close to 30 pe...

RZD posts RAS net profit of 19.7 bln rubles in Q1May 16, 2008

Russian Railways (RZD) posted net  profit  under  Russian  accounting  standards  (RAS) of 19.7 billion  rubles  in  the  first  quarter of 2008, down slightly from the first three months of 2007, the company said in a statement according to Interfax. The  reduction  in  net  profit can be attributed to an increase in spending, the company said. Sal...

RosMorPort to invest RUR 12.5 bln into physical infrastructure in 2008May 16, 2008

In 2008, RosMorPort FSUE (Federal Agency of Marine and River Transport) plans to invest RUR 12.5 billion into physical infrastructure, press center of RosMorPort cites the company’s Director General Yuri Parfeonov. Federal budget will allocate almost RUR 8.5 million for implementation of federal special-purpose programs aimed at development of seaport inf...

ICTSI inks Mindanao terminal concession May 16, 2008

International Container Terminal Services Inc. recently sealed a 25-year concession to operate the Mindanao Container Terminal (MCT) in the Philippines with the Phividec Industrial Authority (PIA). MCT is a 270,000-TEU capacity container handling facility located at the Phividec Industrial Estate in Tagaloan, Misamis Oriental in southern Philippines. ...

HHLA makes impressive start to 2008 May 16, 2008

European port logistics firm Hamburger Hafen und Logistik AG saw its profit after tax leap 44.5 percent to 59.6 million euros in the first quarter. HHLA's earnings before interest and tax (EBIT) rose 29.8 percent to 92.6 million euros, while revenue improved 15.5 percent to 320.8 million euros. The company said the main factors behind the financia...

Saguenay Port Authority appoints new board member May 16, 2008

OTTAWA, Ont. -- Jean-Guy Bergeron has been appointed to the board of directors of the Saguenay Port Authority for a term of three years. Bergeron has close to 40 years of experience working in executive positions in various corporate environments, including 15 years as a distributor for Labatt Brewing Company Limited in Saguenay. Bergeron's leadership,...

US ports demand $2 million demurrage from textile exporters May 16, 2008

ISLAMABAD (May 13 2008): The US port authorities have claimed $2 million demurrage, to be paid by Pakistan textile exporters, before release of the export consignments of any company, except 'Dean River' who have been released foreign exchange for clearance of the consignments paying $20,000 for each design, sources told Business Recorder here on Saturday...

ICTSI first quarter net income up 29%May 14, 2008

International Container Terminal Services, Inc. (ICTSI) reported consolidated unaudited financial results for the quarter ending 31 March 2008, posting revenue from port operations of PHP=4,506 million and net income attributable to equity holders of PHP=799 million.  Revenues for the quarter grew 45 percent over PHP=3,118 million last year, whil...

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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.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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