PSA International and International Port Holdings have entered into a strategic alliance to acquire a majority stake from the Roman Group in International Trade Logistics, a provider of container port services, logistics services and third party dis
Among the main concerns - traffic flow on the only access to the development, protection against storm surges and who is going to pay for the extra infrastructure. Townsville Mayor Tony Mooney says the actual ship terminal could probably proceed tom
Neptune Orient Lines Ltd said Monday it transported 2.36 million forty-foot equivalent units (FEUs) of cargo containers in 2007, up 12 percent from the year before. Average freight rates in 2007 rose 4 percent to 2,740 US dollars per FEU, it said. I
The Busan Port Authority has issued $309.4 million in bonds to help develop the Busan Newport and an adjoining logistics park. The amount of the bond sale is 51.7 percent of the authority's total planned expenditure in 2008, BPA said in a statement.
China Shipping Development Co. said last week that it plans to set up a 51-49 percent shipping venture with Shanghai International Port Group, Reuters reported. According to the story, a Hong Kong unit of China Shipping would invest $10.2 million in
The Honourable Lawrence Cannon, Minister of Transport, Infrastructure and Communities, today announced the appointment of Mr. Craig Rix to the Toronto Port Authorityapos;s board of directors as the federal representative, for a term of three years.
