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The flow of containers has been severely disrupted at most French ports as workers strike over a number of issues, including pension arrangements and working conditions. "Passenger traffic as well as bulk commodities such as coal and grains, oil and petrochemicals are not affected, apart from a few delays, but container traffic is seriously hit as differe...
In the last six years, Kandla Port Trust, one of the 12 major Indian port trusts, has seen a decline of around 14 percent in its container volumes, reported DNA. While a minor port, Mundra, has seen an increase of around 18 times in container volumes. Kandla has been losing volumes owing to draft and tidal issues. According to a Kotak research note, the...
The port of Seattle broke its cargo volume record in 2010, reporting more than 2.1 million TEUs, surpassing the previous high in 2005 of 2.08 million TEUs, according to a Lloyd Special Report. Several factors contributed to the increase in container volume. Exports remained strong throughout 2010, and other factors like the addition of Maersk/CMA CGMconta...
Container volume handled at South Korea's seaports reached a record monthly high in January, fuelled by improving economic and business conditions, reported Xinhua. Container traffic posted a 12.7 percent increase to 1.66 million TEUs in January compared with the same month a year before, according to the Ministry of Land, Transport and Maritime Affairs....
Mundra: India's Mundra Port and Special Economic Zone announced stronger third quarter with higher revenue and net profit. The leading private port under Adani Group posted revenue of 4.51bn rupees in the October-December period, a 33.7% surge compared to 3.38bn rupees in the same period the previous year. Net profit also soared 40.5% year-on-year to 2....
Budapest Airport met its targets for cargo flown during 2010, carrying 82,638 tonnes and a total of 5,808 freighter movements in the year. This represents a 32 percent increase over cargo tonnage flown and a 23 percent increase in the number of freighters during 2009. “The result was satisfying in what has been a turbulent year,” said Buda...
Los Angeles authorities swooped on several downtown locations recently and recovered more than US$10 million in counterfeit electronics, stolen merchandise and bank receipts. In an investigation initiated by the LA Port Police, counterfeit Apple products were seized, a downtown Los Angeles counterfeiting operation behind the fake goods was shut down and f...
The Shipping Ministry will soon submit a new package to promote the shipbuilding industry before the Cabinet for approval, Exim News Service informs. This was disclosed by the Union Minister for Shipping, Mr G. K. Vasan, recently. Mr Vasan said that his Ministry was also working on a new policy to promote coastal shipping. Speaking at a ‘Ports a...
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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