Port News

India Govt allows companies to set up captive ports at Major PortsJun 13, 2011

The Indian Government has given companies that are key port users the green signal to develop their own captive berths/ports on lands and waterfronts owned by the Major Ports, eximin.net reported. The Shipping Ministry's recently-released 'Draft Captive (port) Policy' says that port-based industrial units (which are large port users) would be allotted ...

Port of Novorossiysk reports a 7.7% volume drop to 47m tonsJun 13, 2011

Cargo volume handled at the Port of Novorossiysk in January-May 2011 fell by 7.7% from the five-month period of 2010, to 47 million tons, the Association of Commercial Sea Ports said. Port of Novorossiysk is the largest Russian port. The port’s waterfront exceeds 13 km. Currently, over 80 companies based at the port provide stevedoring, shipping age...

China Merchants and Colombo to finalise port project deal soonJun 13, 2011

Port operator China Merchants Holdings (International) expects to soon finalise a deal with the Sri Lankan government to build and operate a container port in Colombo, reported Dow Jones Newswires. The Hong Kong-listed company said in September that it and Sri Lankan conglomerate Aitken Spence have entered into a non-binding agreement with the government ...

Los Angeles adopts a US$976.6m budgetJun 10, 2011

The Los Angeles budget of approximately US$976.6 for 2011 equates to a 7.4% or $67m increase from the current budget and reflects a year of double-digit growth in container volumes. Anticipating operating revenues of US$405.4m, it also projects a US$23.2m or 2.3% decrease in total estimated expenditures from the current fiscal year. Pivotal to maintainin...

Sanctions have had no impact on Iran’s portsJun 10, 2011

Despite the sanctions imposed by a number of western countries, Iranian ports handled 97m tons of non-oil cargo in 2010, an increase of 12% year-on-year. Container throughput increased by 11% to just over 3m teu. And the private sector invested around US$57m in the ports sector. Shahid Rajaee (Bandar Abbas) is the largest port in Iran and its container t...

Houston negotiates agreements with two Mexican portsJun 10, 2011

The Houston Port Commission has approved separate memoranda of friendship and trade cooperation between the Port of Houston Authority and two ports in Mexico - Progreso and Dos Bocas. In each case, the signatory ports agree to "conduct programs and activities to bring about understanding and a closer relationship with each other, as well as the promotion of...

Marseilles Fos completes port reform transfersJun 10, 2011

The Marseilles Fos port authority has completed the transfer of 410 personnel and various equipment to privatised terminals as required under national port reforms. The final stage occurred at the Mourepiane container terminal on June 4, when 41 crane drivers and maintenance staff, four gantries and a mobile crane were assigned to newly-formed Intramar S...

Container services resume at Port of SendaiJun 10, 2011

Container services resumed this week at the Port of Sendai-Shiogoma, the most important port in Japan’s northeastern region of Tohoku, nearly three months after the devastating March 11 earthquake and tsunami, the Journal of Commerce reported. A container ship operated by Kinkai Yusen Logistics, a subsidiary of NYK Line, on Wednesday became the firs...

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