The Board of Directors of the Port Authority of Algeciras (La Autoridad Portuaria de la Bahia de Algeciras, APBA), Spain, last week approved the basic conditions for Total Terminal International Algeciras (TTI Algeciras) to use the Phase B land plot of Isla Verde Exterior in order to expand TTI’s operations in the port. According to the […]
A shipment of 17 tonnes of almonds has successfully arrived to Hamburg from Sunraysia in Victoria, Australia, as a result of a blockchain-enabled logistics experiment promoted by Commonwealth Bank of Australia (CBA). In the experiment, the world’s second largest almonds producer Olam Orchards Australia Pty Ltd and CBA joined forces with Pacific National for rail haulage, […]
The growth of container traffic at Russian ports, although still in double digits, is slowing down in 2018. According to the Association of Russian sea commercial ports, during the first 6 months of the current year the container throughput of all Russian ports was 2.5 mln TEU, which is 11.6% up from the last year’s […]
Norfolk International Terminals (NIT), US East Coast, is currently taking delivery of the first 6 rail-mounted gantry cranes (RMGs) out of the massive order of 60 new Konecranes RMGs as part of its USD 375 mln capacity expansion project, the Virginia Port Authority informs. This shipment comes as part of the USD 217 mln contract to […]
PSA International is currently testing automated quay cranes (AQCs) at its Pasir Panjang Terminal in Singapore to enhance efficiency of operations and improve working conditions for crane operators, Channel NewsAsia informs. Instead of sitting in a booth of an STS crane 17 storey high, the operators will be monitoring the work of their cranes remotely […]
China has approved an extended 3-year programme aimed to decrease the coal consumption in 82 cities by year 2020 by 5-10% as compared to the 2016 level, the Russian business newspaper Vedomosti informs. This may lead to a significant drop in coal prices by 2020-2021. The average coal price in the first 6 months of […]
The Port Authority of Algeciras (La Autoridad Portuaria de la Bahia de Algeciras, APBA) and the Public Agency of Andalusian Ports (La Agencia Publica de Puertos de Andalucia, APPA) has announced they will invest EUR 8 mln in building a new area for container operations in the logistics zone of San Roque, near the Algeciras-Bobadilla railway […]
The Moscow Arbitration Court of Appeal finally adopted yesterday the settlement agreement between the Federal Anti-Monopoly Service of Russia (FAS) and Container Terminal Saint-Petersburg (CTSP), owned by the Russian transportation group UCL Holding, in an anti-trust litigation, CTSP press service informs. FAS has admitted that the container handling tariff rates of CTSP are economically justified […]
Myanmar is negotiating with a Chinese consortium to develop a deep-sea port in Kyaukphyu (Rakhine state, western Myanmar) on the Bay of Bengal as part of the planned Kyaukphyu Special Economic Zone (SEZ), informs Xinhua. The negotiation between Myanmar’s Commerce Ministry and the China International Trust and Investment Corporation (CITIC) is expected to reach an […]
Kerry Logistics, Asia’s leading 3PL service provider, announced this week the signing of a memorandum of understanding between its member company Globalink and Anaklia City JSC to develop the Anaklia Deep Sea Port and Special Economic Zone on Georgia’s Black Sea coast. Scheduled for opening by the end of 2020, Anaklia is expected to become […]
