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Terminal operating giant PSA International has purchased a 49 percent stake in a container terminal in the Port of Kolkata on India's northeast coast. According to a report in the Economic Times, Singapore-based PSA beat out European ocean carriers MSC and Zim for the stake in the terminal. PSA already had a 12 percent stake in the terminal, operated b...
A dispute over who should be the rightful owner of a 153-acre piece of waterfront property in the Port of New York and New Jersey was heard in Jersey City, N.J., by a state court judge Wednesday. State Superior Court Judge Thomas Olivieri heard arguments from attorneys from the Port Authority of New York and New Jersey and the Bayonne Local Redevelopme...
Secretary of State Condoleezza Rice and the British foreign secretary, David Miliband, made an unannounced visit to this former Taliban stronghold Thursday amid a push by Washington to get other NATO members to deploy more combat troops in southern Afghanistan. Rice said the brief visit to this southern city was not an attempt to show up European natio...
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 con...
Panama Canal Authority (ACP) vice president of Research and Market Analysis Rodolfo Sabonge forecasts that the new lane of traffic to be built on Panama Canal will greatly influence world trade and US ports in particular, according to Shipping Gazette. These ports should be ready for larger and bigger ships that will go through the expanded Canal - ant...
The growth in container handling at the German North Sea ports is continuing unabated. In 2007, EUROGATE, Europe's leading container terminal logistics group, increased its container handling Europe-wide by 10.6 per cent. A total of 13.9 million TEUs were handled altogether at nine terminal facilities. The German terminal locations posted a double-digit g...
A surveillance system will be installed in the Piscataqua River this summer to protect the Port of New Hampshire from terrorist attacks. The system will include sonar equipment and a remotely operated underwater robotic camera called the Sea Otter that will let authorities check any potential threats to the bridges that connect New Hampshire and Maine....
The government has begun accepting bids from the country's seaports for tax breaks and other incentives to upgrade infrastructure and diversify the economy. The Economic Development and Trade Ministry will accept applications for the "special economic zones" until March 30, and the results will be announced a month later, the federal agency managing th...
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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