The regular ferry line will connect the ports of Rajin (North Korea) and Vladivostok (Russian Far East) already this month, informs PortNews. The unique service is expected to revitalise business connections of the two countries and restore regular passenger and cargo shipping forlorn since the 1980s. The passenger/cargo ship Man Gyong Bong (flag of North Korea) will […]
On February, 10, container terminal operator Hutchison Port Holdings Trust (HPH Trust) published its 2016 results. The throughput of its deep-water ports fell by 6% as compared with year 2015. The volumes of Yantian International Container Terminals (YICT) dropped by 4%, to 11.697 mln TEU (12.166 mln TEU in 2015). The combined throughput of its Hong […]
COSCO Shipping Ports Limited (Cosco) and Hutchison Port Holdings Trust (HPHT) announced on Monday, 19th of December, of an agreement to jointly manage 3 terminal operating companies in the port of Hong Kong. The agreement concerns COSCO-HIT Terminals (Hong Kong) Limited (CHT), which is held 50/50 by Cosco and HPHT through intermediary companies and owns […]
During the visit of Dutch Prime Minister Rutte to Indonesia, the Port of Rotterdam Authority signed two important agreements for port construction. According to Port of Rotterdam’s press release of today, one is a joint venture agreement with the Indonesian state-owned port corporation Pelindo 1. The main purpose of this JV is to prepare the […]
Today at a joint press conference, the three Japanese shipping lines – K Line, NYK and MOL – announced of an agreement to integrate their container shipping and overseas port businesses. According to their joint statement, Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines Ltd., and Nippon Yusen Kabushiki Kaisha have signed contracts agreeing the establishement […]
