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State-run Korea Development Bank (KDB) is preparing to sell its stake in Daewoo Shipbuilding & Marine Engineering (DSME), the world's third-largest shipbuilder, in a deal that could be worth up to 8 trillion won ($8.1 billion), reports the Korea Times. The state-owned bank is the shipyard's biggest shareholder controlling 31.3 percent. The Korea Asset...
Tianjin, the largest port city in north China, opened its first air cargo route to Europe as a Boeing 747-400 left for Amsterdam yesterday. The service will fly to Amsterdam three times a week and to Manchester via Amsterdam twice a week, said Chen Kaiping, the president of Great Wall Airlines, the joint venture cargo airline that is operating the rou...
The aggregated throughput of NCC’s terminals in January, 2008 amounted to 129,411 TEU which is an increase of 16.5% compared to January, 2007. FCT, Saint-Petersburg The throughput of First Container Terminal (FCT) in January, 2008 increased by 19.5% compared to January, 2007 and reached 81,096 TEU. The reefers turnover remained at high level of 9...
Port of Singapore Authority (PSA), one of the world’s largest port operators, has reportedly bought 49 per cent stake in ABG Infralogistics’ subsidiary, ABG Kolkata Container Terminal, Exim News Service reported. It is learnt that PSA is also looking to acquire a stake in another wholly-owned subsidiary of ABG—ABG Kandla Container Terminal. PSA al...
The company carrying out Victoria's controversial channel deepening project says it has detected land contaminated by a fuel spill. The Port of Melbourne Corporation (PoMC) said the area of land affected was small, with the contamination found in the vicinity of the Newport pipeline corridor on the western bank of the Yarra River, south of the West Gat...
At a special Port of Tacoma Commission meeting on Feb. 14, Port of Tacoma Commissioners authorized entering into a Memorandum of Intent with the Puyallup Tribe, Marine View Ventures and SSA Marine that focuses on cooperation and coordination of new terminal development on the Blair-Hylebos Peninsula. Marine View Ventures is the economic development arm of...
As the Port of Tacoma grows, our success will be based on three factors: We have to take care of our customers, build a foundation for growth and be a good neighbor, said Port of Tacoma Executive Director Timothy J. Farrell. With these factors in focus, the Port of Tacoma has announced a shift of management responsibilities. Our growth plans, cu...
The Tampa Port Authority board of commissioners Tuesday elected its officers for 2007, with Steven Pinney selected to head the board as chairman. In addition, the board elected Lawrence Shipp vice chairman and Rose Ferlita secretary-treasurer. Pinney is senior vice president of phosphate operations for the Mosaic Company. Shipp is director of inst...
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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