Indonesia's state-owned port operator Pelindo III has been awarded a 25-year concession to operate the key Surabaya Western Shipping Route (APBS) in East Java, local reports said.
The adjustment of global ports to handle larger containerships is well underway, but the first objective in many cases is well shy of the trend of the order book. While attention is focused on the new fleet of 18,000 teu vessels, the upgrades contemplate ships just over half that size.
International Container Terminal Services, Inc. (ICTSI) and Victoria International Container Terminal Limited (VICTL) have signed a contract with the Port of Melbourne Corporation on operating Melbourne port’s new international container terminal and empty container park at Webb Dock.
The terminal operator arm of the Cosco Group, Cosco Pacific, reported first quarter net profit of $64.3m.
Singapore's container port has handled higher box volumes in March both on a year-on-year and month-on-month basis, according to data from Maritime and Port Authority of Singapore (MPA).
PSA Corporation and Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) on Friday to extend their collaboration on developing next-generation technologies for Singapore's container terminal operations.