With private investment conservatively estimated at more than half a billion dollars, a new propane export facility in Portland, U.S.A. could prove to be a massive boom for the local economy in coming years. It would represent one of the largest single private capital investments in the city’s history, Port of Portland claims in its […]
September 3, 2014 | Posted in
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The Baltic Fuel Company Group (BFC) has received approval and permits from the St. Petersburg City Administration for creation of artificial lands of Turukhtannye Islands Oil Terminal. St. Petersburg City Administration has approved area planning documentation of land reclamation for expansion of Marine Oil Terminal “Turukhtannye Islands” based in the seaport Big Port St. Petersburg, […]
September 2, 2014 | Posted in
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The Swedish Government has granted Skangass permission to build and operate a new Terminal for LNG (Liquefied Natural Gas) within the harbour in Gävle, Sweden, the company said. Skangass aims at starting the construction work during 2015. The permission is given for a storing capacity of 30 000 m3 LNG and a handling of up […]
August 28, 2014 | Posted in
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Global marine terminal operator DP World has recorded strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to owners of the company before separately disclosed items of $332 million, 40.8% ahead of the first half of 2013 on a like-for-like basis. Financial highlights […]
August 28, 2014 | Posted in
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Hamburger Hafen und Logistik AG (HHLA) inaugurated the berth 5/6 at its Container Terminal Burchardkai (CTB) in Port of Hamburg on Monday. State-of-the-art container gantry cranes make it possible to handle ships with a capacity of 18,000 standard containers (TEU) there. The CTB is thus prepared for the latest generation of mega-ships, HHLA said in […]
August 26, 2014 | Posted in
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Norwegian ocean transportation company Odfjell SE said in its second quarter results that its Chemical Tankers had an EBITDA of USD 24 million, compared with USD 17 million in the first quarter. The company recorded improved utilisation with only minor interruptions of trade, with improved time-charters by 10%. Odfjell’s shareholding in the tank terminals business delivered […]
August 25, 2014 | Posted in
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The ongoing port congestion at Manila, the Philippines has been a major reason of concern for shippers as their cargo faces serious delays. The world’s 4th largest container shipping line Evergreen Line said that the congestion is impacting all carriers and ” that all import, export and transshipped cargoes to/via Manila, Philippines would be affected […]
August 25, 2014 | Posted in
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Port Metro Vancouver has approved the proposed direct coal transfer facility at Fraser Surrey Docks. The decision comes following a two-year project review process and including extra measures taken to assess any potential environmental and human health risks. In granting the permit, Port Metro Vancouver requires Fraser Surrey Docks to meet a strict set of […]
August 22, 2014 | Posted in
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URALCHEM, OJSC, one of the largest producers of nitrogen and phosphate fertilizers in Russia, has become a controlling shareholder in SIA Ventamonjaks. Ventamonjaks is the largest liquid ammonia transhipment terminal in the Baltic Sea. It has an annual capacity of 1 million tonnes and is located in the ice-free port of Ventspils. URALCHEM’s subsidiary, Uralchem […]
August 21, 2014 | Posted in
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A massive strike by as many as 10,000 truck drivers at Ningbo’s Beilun Container Port erupted into violence on August 20, as protestors clashed with riot police and smashed the windshields of trucks crossing the picket line, according to China Labour Bulletin. Truck drivers, unhappy at haulage rates which had remained unchanged for the past eight […]
