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The Port of Los Angeles adopted a fiscal 2011-12 budget totaling $976.6 million, which projects operating revenues of $405.4 million and a capital budget of $291 million. During the new fiscal year, which begins on July 1, Los Angeles plans to spend $10.7 million for improvements at the TraPac container terminal and $5.6 million at the APL terminal at B...
JSC Taganrog Commercial Seaport’s Annual General Meeting of stockholders was held on June 2, 2011, UCL Holding press service reported. TCSP’s stockholders reviewed and approved the annual report, annual financial statement, income and loss statement of the company for 2010. Net income of Taganrog port in 2010 amounted to RUB 6,595,...
International Container Terminals Inc (ICTSI) has increased its stake in takeover target Portek to just under 17%. The Philippines terminal operator acquired an additional 12.11% stake in Singapore-listed Portek for $$1.19 - $$1.20 per share. The acquisition takes ICTSI’s stake in Portek to 16.93%. ICTSI launched a takeover bid for Portek earlier this...
Cargo handling solutions provider Cargotec is setting up a global competence centre for container terminals development in Singapore, the company announced Wednesday. The aim is to strengthen the company's ability to offer total solutions for its container terminal customers in the Asia-Pacific region, according to Cargotec. “In order to better under...
The expected deal to buy a control stock in JSC Murmansk Commercial Seaport (MCS) by structures of major oil trader Gunvor has been canceled, PortNews reported citing a source close to the negotiations. According to the source, the result of technical audit of the company did not satisfy potential buyers who said the stake price was too high. Possible bu...
Zhejiang provincial government statistics shows that Ningbo city spent CNY1.19 billion (US$183.3 million) on sea port and river port projects in the first quarter of this year. The sum was 21.77 per cent more than in the same period in 2010, Xinhua reports. (Source:http://www.transportweekly.com)
Mundra Port and Special Economic Zone (MPSEZ) has announced the completion of acquisition of the Abbot Point X 50 Coal Terminal (APCT) in Queensland, Australia, Exim News Service reports. On May 3, MPSEZ had announced the signing of a Sale and Purchase Agreement for APCT following an international competitive bidding process conducted by the State of Quee...
Essar Ports, after demerger from Essar Shipping & Ports (ESPLL), listed yesterday at Rs 75, lower than previous closing price of Rs 94.87 (as on May 17). It settled the first day trade at Rs 121.35 a share on the Bombay Stock Exchange on May 31. ESPLL’s share capital has been split in the ratio of 2:1. For every 3 shares held of ESPLL, sharehold...
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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