The Tamil Nadu Government will allot 125 acres near Sriperumbudur to the Chennai Port Trust (ChPT) for setting up a 'dry port and multi modal logistics hub' at a cost of around US$22 million, the Hindu Business Line reported. '
The Port of Tanjung Pelepas (PTP) recorded another year of growth in 2009 retaining its position as Malaysia's leading container terminal.
Maersk Line has announced a general rate increase effective February 15, 2010 in the Europe to South Asia/Middle East trade.
Protestors against dredging to deepen Fremantle Ports Inner Harbour have promised to continue their fight despite work beginning on the project, the Freemantle Cockburn Gazette reported.
Dock workers at Chittagong Seaport announced a non-stop siege programme from Tuesday to realise their four-point demand, in what looks like a return of the trade-union troubles of the yesteryear, the Bangladesh Financial Express reported.
The North Carolina port of Morehead City, evacuated and shut down after a chemical spill yesterday, is expected to reopen on Wednesday morning (8pm HK time).
The operator of the North East's biggest port has announced a 51 percent surge in container volumes in the last six months despite the loss of its largest customer, the Newcastle Journal reported.
The cashew sector in Karnataka recently reached a milestone by importing 100,000 tonnes of raw cashew nuts through New Mangalore Port during the current financial year, recording a growth of nearly 30 percent over the previous year, the Hindu Business Lines reported.
Bangladesh's containerised trade has defied the global economic meltdown as the premier seaport Chittagong achieved an 8.55 percent container handling growth in the last calendar year, the Financial Express reported.
The shipping industry has seen gradual rebound since the fourth quarter of 2009 and port turnover is expected to revive in 2010, according to Xu Minjie, vice president of Chinese logistics company CommoditiesScienceO Pacific, NewsTrak reported.
China Metal Recycling has signed an agreement to acquire 99.68 percent interest in Jiangyin Port Container Company for US$32.2 million, ET Net News reported.
Container throughput at the port of Singapore plunged 13.5 percent last year as a contraction in world trade hammered volumes at the city's chief terminal operator, PSA Singapore.
North Sea ports will return to growth again this year as the shipping industry's crisis ebbs, said Hans Smits, chief executive of Europe's biggest port in Rotterdam, Reuters reported.
The Port of New Orleans bucked the worst economic slowdown in 70 years because its business of providing warehouse space for the London Metal Exchange (LME) expanded rapidly over the last two years, Reuters reported.
The Swan River's lower reaches were filled with a plume of silt yesterday, angering residents who fear the waterway has been polluted on the first day of the Fremantle Harbour dredging operation, the West Australian reported.
North Sea ports will return to growth again this year as the shipping industry's crisis ebbs, said Hans Smits, chief executive of Europe's biggest port in Rotterdam, Reuters reported.
At a time when global shipping has been buffeted by the recession and New Zealand's consumption of overseas goods has slowed dramatically, Port of Tauranga (PoT) is bucking the trend, recording a 7.6 percent rise in its export volume, the Waikato Times reported.
Brazil's Paran¨˘ state government plans to invest around US$188 million during 2010 to improve port infrastructure, Business News Americas reported.
Maersk India inaugurated its state-of-the-art container freight station at Ponneri, Chennai, close to the Ennore port this month, Apparel Online reported.
Despite the worldwide collapse in container figures, Sharjah-based terminals major Gulftainer has recorded an impressive 10 percent rise in throughput at its two UAE ports during 2009, Arabian Business reported.