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The New York Port Authority is holding $650 million in liability insurance funds that could benefit sick World Trade Center workers, it was reported Sunday. If the agency's coverage is added to the city's current $1 billion insurance fund, city officials could begin settling a number of ailing workers' compensation claims, the New York Post reported. A...
Busan Port Authority (BPA) decided to minimize financial borrowing and to issue bonds to fund its New Port construction. Along with this, BPA decided to make a building stone yard on Ung-dong of New Port to reduce construction costs and to join forces with other agencies to reduce costs when it launches overseas IR. First of all, BPA plans to reduce borro...
The strike, which began on Monday morning and is set to last about three hours, is the Maritime Union's fifth in its pay row with Ports of Auckland. Talks involving the Employment Relations Authority will begin on Tuesday aimed at breaking the impasse. The 265 workers are seeking a pay rise of 4.9%. The union says taking the strike action during the...
Get ready for the possibility of a sequel to the Dubai Ports fracas. Only this time, the outcome of the deal under consideration will have implications for U.S.-China economic relations. Political fire crackers are popping across Capitol Hill over Bain Capital Partners' announced acquisition of 3Com Corp (Charts)., which will provide a minority stake to H...
The European Commission presented today its new communication on ports policy. Objective is to promote a performing EU port system able to cope with the future challenges of EU transport needs. The communication provides guidance on the interpretation of Treaty rules and announces a number of forthcoming measures and soft law instruments. Hardly any legislat...
October, 16 during the third reading the RF State Duma passed the law on sea ports of Russia, reports RBC. Due to the document there is the difference between a sea port as an estate complex and companies operated in a port. Besides, the law regulates and controls the usage of the ports’ land areas and water objects. At the same time the ports’ land ar...
On the southern coast of the Mangyshlaksky Gulf, 130 km far from Aqtau (Kazakhstan) it is planned to build the sea port Sartas in the framework of the CaspiyMunaikurylys’ project named Sartas – Teniz Port, reports Kazakhstan Today. In the framework of the project there will be built a shipyard, a ship service station and other facilities. It is schedul...
SOHAR — A delegation from the Coega Development Corporation (Pty) Ltd of South Africa, headed by Pepi Silinga, CEO, visited the Port of Sohar yesterday. Coega is the operator of the Coega Industrial Development Zone, which is South Africa"s premier port-based complex for new industrial investments covering 11,000 hectares. The visitors were received by Ja...
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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