On Monday, January 23, President Donald Trump signed the executive order to withdraw the United States from the Trans-Pacific Partnership (TPP), reported CNN. With this act, he has started to fulfill his campaign promises “to undo America’s trade ties”. “Great thing for the American worker, what we just did,” Trump told reporters as he signed […]
The arrest of Valery Izraylit, Chairman of the Board of Directors of JSC Ust-Luga Company, has been prolonged for another 3 months, until April, 21. As we wrote earlier, Valery Izraylit was arrested in St. Petersburg, Russia on December 29, 2016 and charged with embezzlement of RUR 1.5 bln (USD 25.3) allocated for the development […]
Hyundai Merchant Marine Co. (HMM), announced last Friday its decision to buy a 20% stake in Total Terminals International LLC (TTI), an operator of Long Beach Terminal, California, wrote Business Korea. This news immediately follows the U.S. Bankruptcy Court’s approval of Hanjin Shipping Co.’s sale of its 54% stake in TTI to Terminal Investment Limited […]
International transportation group UCL Holding owning a number of Russian stevedoring companies in the ports of St. Petersburg, Ust-Luga, Taganrog and Tuapse, announced its 2016 results. According to the company’s press release, the total handled volume increased by 3%, up to 34.1 mln tons, the growth explained by a huge leap by 41% of containerized […]
The port of Antwerp is the first of the major European ports to provide the 2016 throughput statistics. According to its press release it handled a total freight volume of 214 mln tonnes in 2016, up 2.7% on the previous year. This was achieved through a strong growth in containerised freight making up the major […]
The total throughput of Russian ports in 2016 reached 721.9 mln tons, which is 6.7% higher than in 2015, announced the Association of Russian sea ports. The ports handled 386.1 mln tons of liquid cargos (+5.9% to 2015), mostly crude oil (228 mln tons, +12.8%) and 335.8 mln tons of dry cargos (+7.5%). The major […]
A unique transportation of 2 STS cranes via the Northern Sea Route was arranged at the end of 2016 by Russian ZAO «SMM» in cooperation with Hansa Heavy Lift (HHL), a Hamburg company specializing in heavy lift and project cargo, as annouced by SMM press release. In April 2016, SMM, a leading Russian company providing […]
Chairman of the Board of Directors of JSC Ust-Luga Company Valery Izraylit was arrested in St.Petersburg, Russia on December 29, 2016, writes Russian business newspaper Vedomosti. He is charged with embezzlement of RUR 1.5 bln (USD 25.3) allocated for the development of Ust-Luga Commercial Sea Port. He is suspected of withdrawing the funds to offshore […]
The number of vessel calls at the Arctic port of Sabetta (Russia) has grown more than twice in 2016, reports PortNews. The local customs officials registered 120 arrivals and 100 departures of sea vessels, while in 2015 these were 50 and 59 respectively. The ships deliver mostly construction materials, crushed stone, cement, components and equipment […]
Port.Today wishes to all our readers a prosperous and peaceful year 2017. Let it be loaded with success, appreciation and amazing opportunities that we never miss! Happy Holidays!
