KUALA LUMPUR: Malaysian crude palm oil futures were little changed on Tuesday on steady global vegetable oil prices but traders were on the lookout for a possible port strike in Indonesia that could paralyse shipments from the world's largest producer. The benchmark June contract on Bursa Malaysia Derivatives Exchange settled down 7 ringgit to 3,375 ri...
January 2008 was an extremely successful month for the Luka Koper's Car Terminal as they handled 59,452 vehicles that represent a 64% increase in comparison to the same month last year. The Car Terminal in Koper is the second biggest terminal in the Mediterranean. In the business strategy of the company Luka Koper cars (beside containers and light perisha...
Hong Kong's Hutchison Port Holdings (HPH) has entered into an A$200 million (US$177.96 million) investment to lease two new container berths, 11 and 12 from the Port of Brisbane Corporation (PBC) for 42 years, according to Shipping Gazette. Brisbane Container Terminals (BCT), a wholly-owned subsidiary of HPH, has been established to operate the new co...
Today's announcement by the Department of Homeland Security (DHS) that $388.6 million in Infrastructure Protection Program funds is now available to eligible grant applicants under the federal Port Security Grant Program is being met with cheers by ports and other maritime entities throughout the United States. This is great news, said Kurt Nagle, Ame...
In a somewhat perplexing development, Dubai Ports World and a Saudi-based developer have won a bid to build a huge new privately financed port in the Red Sea in Saudi Arabia. The Gulf News reported Monday that DP World, one of the world's biggest terminal operators, will develop the port in the King Abdullah Economic City, which the Middle Eastern nat...
Dubai-based container terminal operator Dubai Ports World on Monday said it made $420 million in after-tax profits in 2007, a 52 percent jump over 2006. DP World, which manages 43 terminals in 28 countries, and also has 13 terminals under development, saw revenue grow 32 percent to $2.7 billion. Part of that growth came an 18 percent rise in container...
Port of Haifa workers have decided to set up a cooperative that may buy 15 percent of the Haifa Port Co. if it goes public in 2010 as planned, the Web site of Israeli business daily Globes reports. The port has about 950 employees. There are plans for both Haifa and Ashdod to issue 15 percent of their shares on the Tel Aviv Stock Exchange in 2010,...
The U.S. Federal Maritime Commission wants more information before it will allow the ports of Long Beach and Los Angeles to collaborate with marine terminal operators on the details of a $2.2 billion drayage overhaul program. The request comes after the ports February filing of an antitrust agreement with the FMC. If permitted to take effect by the FM...
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