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Media
SYDNEY: Australian business investment rebounded in the fourth quarter, a sign the economy is strengthening enough for the central bank to raise interest rates next week for the fourth time in six months. Capital spending advanced 5.5 percent from the previous quarter, when it fell a revised 5.2 percent, the Bureau of Statistics said in Sydney Thursday. T...
Hutchison Ports (UK) is asking planners to extend the period of consent for its proposed Bathside Bay container terminal in Harwich, UK because the economic downturn means the development is unlikely to move forward before 2016. Meanwhile, HPUK is considering using the site temporarily for offshore wind farm work. In a letter, Harwich International Port...
Russia will export East Siberian crude oil to Japan for the first time, with a tanker scheduled to set sail Friday, Kyodo News International reports. The tanker, which will leave the port of Kozmino near the Russian city of Nakhodka, will dock at the Keiyo Sea Berth in Tokyo Bay in early March. The 100,000 tons of oil, whose bid was won by trading house...
The Ministry of Transport and Communications of Ukraine announced it extended the discount, ranging from 18% to 50%, to the flat rate payment for handling of transit cargoes at the country’s ports before the end of 2010. The official document was posted on the Ministry’s website.. Earlier reports said the Ministry of Transport of Ukraine had o...
Asian Development Bank (ADB) plans to acquire a 30% stake in the Poti Sea Port company, owned by the RAK Investment Authority (UAE), RZD-Partner.Ru reported citing a source at the ADB office in Georgia. The ADB representatives have been currently in negotiations over the deal details with the port owners. In 2008 RAK Investment Authority acquired for $155...
Construction of a container terminal at the port of Sillamae (Estonia) is scheduled for completion in late 2011, PortNews IAA reports citing Andrei Birov, the marketing manager for SILPORT jsc. Mr. Birov said the company had been currently looking for a general investor or operator of the project. The projected capacity of the terminal will be at 1 million ...
Abu Dhabi Ship Building (ADSB) has announced that it achieved a net profit of AED 114.39 million on revenues of over AED 1.16 billion for the year 2009, representing an Earning per Share (EPS) of 53.9 fils. The company also reported total assets of over AED 2.2 billion, a growth of 29 per cent over 2008 figures. "ADSB is proud to announce results for 2009...
Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) are recommending a further general rate increase (GRI) on ocean cargo moving from the U.S. to Asia. The move is part of an ongoing effort to restore rate levels after a sharp drop in the second half of 2009. U.S.-Asia freight rates are currently at the same levels as in ea...
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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