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Media
DP World has awarded the $150-million civil construction contract for the first phase of International Container Transshipment Terminal (ICTT) at Vallarpadam (Kochi) to Simplex Consortium, a domestic civil engineering and construction major. Just a week ago, DP World had threatened that it may be forced to pull out of the ICTT project if strikes cont...
Members of ESPO met today in Brussels for the Annual General Meeting of the organisation. On the agenda featured the adoption of ESPO's work programme for 2008 and a discussion with DG TREN officials on the new ports policy. One of the priorities ESPO has set itself for next year is port governance. Speaking at the Annual ESPO Luncheon which followed ...
DUBAI: Dubai lifted the stake it plans to sell in port operator DP World to 23% on stronger than expected demand, allowing it to raise as much as $4.96bn in the Middle East’s largest initial public offering. Two people familiar with the transaction told Reuters the shares would price at or close to the top of the $1to $1.30 indicative price range the worl...
Shanghai International Port Group will raise container tariffs at its ports from the beginning of next year which should boost annual revenues by US$119 million. The fees at Waigaoqiao port will be increased by 10% to $74 per TEU (a standard container), while those at Yangshan port will rise 21%to $69 per TEU. Citigroup estimates the price rises w...
In the Ilyichevsk port Ukrtranscontainer put a new container terminal into operation, reports RBC-Ukraine. The investment volume totaled more than $51 mn. It is said that 2 berths were reconstructed, dredging work was done, 8 container loaders and 10 marine tractors were bought. Besides, there was built a warehousing platform of 6 thousand TEU ca...
The port of Sochi will be modernized during the next 5 years and it will help to increase passenger turnover by 4 times, reports dp.ru quoting Vladimir Derkunov, the captain of the Sochi port. The project of the port’s reconstruction includes the building of commercial port in Imeritinsky Valley. There will be built 2 new berths and a breakwater in...
When C. Russell Whittle took over early last year as managing director for sourcing at Targus, which makes computer cases and accessories, the company handled the bulk of its cargo made in southern China just as most other manufacturers did: it shipped its products from Kwai Chung, Hong Kong's large and efficient container port. Hong Kong's share of Tar...
SURPRISINGLY, after long five years of handing over of the Benapole land-port, the financial dispute between the two government organisations - the Mongla Port Authority (MPA) and the Land Port Authority (LPA) - is yet to be settled as it continues to cause impediments in the way of smooth management of the country's vital land-port. The Ministry of Shippin...
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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