Fighting back: Long Beach to spend US$3 billion on improvements 2010-2-8THE US Port of Long Beach plans to invest up to US$3 billion on improvement projects over the coming decade, in a bid to ward off increasing competition from traditional rivals on the west coast, Canada, Mexico as well as the US east coast.
Hanzhou-Wenzhou rail link to be upgraded to high-speed link 2010-2-8THE first joint venture railway in China, Jinhua-Wenzhou railway, built by the Ministry of Railways, Zhejiang province, local governments and a Hong Kong investor, will be upgraded to high-speed rail link, Logistics Week reported.
Ningbo-Zhoushan port throughput increase world's fastest 2010-2-8EASTERN China's Ningbo-Zhoushan port recorded world's fastest year-on-year increase of 10 per cent in its throughput tonnage last year to 570 million tonnes, Xinhua reported.
Yantian Port Holdings net profit down 19.6pc in 2009 2010-2-8SHENZHEN's Yantian Port Holdings posted a net profit attributed to shareholders of parent company of CNY461 million (US$67.5 million) last year, falling 19.55 per cent compared to the prior year, Xinhua reported.
Maersk expected to have bullish year: Danish analysts 2010-2-8DANISH carrier Maersk consolidation of services and shoring up its fleet have led the Danish financial house Dankse Market Equities to report a "bull scenario" for the group in 2010 with a return to profitability fuelled by rising freight rates.
NYK quits ELAA 2010-2-8NYK Line has left the European Liner Affairs Association (ELAA).
WWL gears up to carry Jags and Land Rovers 2010-2-8Jaguar and Land Rover have signed a new contract with Wallenius Wilhelmsen Logistics (WWL) to ship their vehicles from the UK to North America and Australasia.
Containerships switches to Sheerness 2010-2-8Shortsea operator Containerships is quitting the Essex port of Tilbury in favour of Sheerness on the opposite side of the Thames.
Ferry firms give Dover privatisation a cautious nod 2010-2-8Ferry operators have cautiously welcomed the plan to privatise the port of Dover, but have "serious concerns" over the impact on rates.
Light dues increase comes under heavy fire in the Lords 2010-2-8The UK government's plan to increase the amount shipping lines pay in lighthouse dues was again criticised in the House of Lords today (5 February).
Rising rates create auction for space in Asia 2010-2-8All-in spot freight rates on the westbound Asia-Europe trade have exceeded US$2,000 per teu as capacity remains tight.
Gujarat ports to draw $6.4m investment over five years 2010-2-8The port sector in Gujarat (excluding the Kandla port), which handles more than one-fifth of India's total cargo, will attract an investment of US$6.4 million by 2015, according to the Gujarat Maritime Board (GMB).
Ohio terminal hub showcases environmental commitment 2010-2-8Cutting-edge environmental technologies and green design will make the Northwest Ohio Terminal Facility, a new freight transit hub under construction in North Baltimore, Ohio, one of the most environmentally friendly and technologically advanced freight terminals in the country, Vertical News reported.
Julia arrives in Swansea 2010-2-5The vessel for the resurrected Swansea-Cork ferry service has arrived in Swansea, in preparation for its inaugural crossing on 1 March.
New CSAV service 2010-2-5CSAV Norasia is starting a weekly feeder service from Turkey to Russia.
Flash strike hits Chennai 2010-2-5North Chennai was hit but a flash strike by more than 300 drivers and cleaners on Wednesday evening protesting against inordinate delay in letting the export containers into the Chennai Port Trust, the Hindu reported.
Five firms shortlisted for New Mangalore port box terminal 2010-2-5IL&FS, Spanish major Grup Maritim TCB, Essar Ports and Terminals, and Simplex Infrastructure are among the players shortlisted to bid for the project to develop and operate a new container terminal at the New Mangalore port on a build-operate-transfer basis for 30 years, the Hindu Business Line reported.
Taiwan container service expanded 2010-2-5Companies will benefit from lower freight costs following the introduction of a fortnightly service from international shipping operator Mariana Express to the Townsville Port, the Townsville Bulletin reported.
$3bn investment planned for Long Beach 2010-2-4e port of Long Beach is to invest US$3bn on new projects over the next decade to meet the challenge of increasing competition.
Shanghai cracks down on port pollution 2010-2-4Ships and vessels arriving at Shanghai ports will be subject to tighter checks and face tougher fines if they break a revised national regulation on the prevention and control of marine pollution, the Shanghai Daily reported.
