The conference “Port Infrastructure of Russia” will take place in Moscow, Russia on 22 March 2017. The conference is organized by the Russian business newspaper “Vedomosti” within the 8th annual conference “Barriers and points of growth for Russian transportation industry”. The topics to be discussed: Russian port infrastructure: current and perspective demands. Increase in port […]
Greece set March, 24th as a deadline for potential investors to submit binding bids for a sale of 67% in its second biggest port, Thessaloniki, reports Reuters quoting its sources close to the matter. It is also noted that previous deadlines were several times postponed due to disputes over the amount of mandatory investment and […]
On 26 January, CMA CGM announced in its press release that COSCO Shipping Ports signed a memorandum of understanding with CMA Terminals Holding, the CMA CGM port subsidiary, to reinforce the strategic cooperation and create more opportunities in global port operations and investments. The both parties agree to cooperate in ports worldwide with the focus […]
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 […]
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 […]
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 […]
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 […]
The borders of the port of Kaliningrad (Russia) have been extended to include the site for development of a new terminal in the town of Pionersky, writes PortNews agency quoting Victor Olersky, Deputy Minister of Russian Transport and Head of the Federal Agency “Rosmorrechflot”. According to him, the terminal’s construction is to commence in 2017. […]
