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SOUTH AFRICA's state-controlled rail and port corporation, Transnet, posted a first half net profit increase of 35 per cent year on year to ZAR1.71 billion (US$242.6 million), drawing on revenues of ZAR3 billion, an increase of 22.5 per cent. Revenue was up 15.6 per cent to ZAR4.2 billion for Transnet National Ports Authority, which runs South Africa's ...
VIETNAM's Cai Lan International Container Terminal (CICT) has secured US$100 million in financing after entering into loan agreements with a lending consortium comprised of the IFC, FMO, PROPARCO and ICF Debt Pool. The funds will be used to construct a new deep water container terminal in Quang Ninh province that supports Hanoi and the north Vietnamese m...
GUANGDONG provincial port throughput recorded a robust year-on-year growth of 20.8 per cent to 32.2 million TEU in the first nine months of the year as economy recovered, , Xinhua reported. Cargo tonnage of these ports increased 18.2 per cent to 865 million tonnes. Domestic trade cargo grew 20.1 per cent to 551 million tonnes. Foreign trade cargo climbed ...
President of Flanders (Belgium) Kris Peeters, President and General Director Uwe Bakosch and representatives of ports and transportation and logistics companies visited the group of companies “Sea Port of Saint-Petersburg”. During their visit the guests discussed with the management of the group the issues of business cooperation and interactio...
Mitsui Engineering & Shipbuilding has received orders for a total of four of its new hybrid-type container cranes from two harbour operation companies affiliated with Mitsui OSK Lines, according to Nihon Keizai Shimbun, The cranes are for moving objects inside the container yard. They are designed with large lithium-ion battery packs that store electr...
Yang Ming Marine Transport Corphas received separate offers from two Chinese shipping companies for a total 40 percent stake in a US$621.17 million terminal in Taiwan's largest harbour in Kaohsiung, a Yang Ming official said. China Ocean Shipping (Group) Co, or Cosco, and China Merchants Group each proposed to buy a 20 percent stake in Kaohsiung's conta...
Tuticorin Port Trust, according to its chairman G.J. Rao, has selected Belgian firm Jan de Nul for dredging at the port. “We'll issue the work order soon,” Rao told The Hindu. The US$103.53 million job presupposes removal of six million cubic metres of soil, mostly rock, over two years. On completion of the work, the average draft in the port...
CHRISTCHURCH's Lyttleton Port has achieved record container volumes in the first half of the year and despite challenges brought on by the city's 7.1 magnitude earthquake of September 4, which closed port operations, the second half's export and import figures were robust averaging NZ$1 million (US$750,00 million). Container volume increased 5.8 per ce...
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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