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Industry Sectors:Port & Logistics

Port & Logistics

Rio de Janeiro: Vale lowered cargo volumes and therefore draught to accommodate Chinese regulations when Vale Malaysia called at Lianyungang earlier this month.
Hong Kong: Port operator Cosco Pacific reported a fall in first quarter net profit despite a rise in revenue.
Dubai: DP World chairman Sultan Ahmed Bin Sulayem told stakeholders the Dubai maritime giant handled 12.8m teu globally in the first three months of 2013.
London: LNG shipments have fallen 45% at the Port of Milford Haven as worldwide LNG flows continue to shift.
Antwerp: Damen is to provide two ASD 2810-type tugs for towage and salvage specialist Multraship, for delivery in June/July of this year.
The $5.25bn expansion of the Panama Canal has entered its most critical years with the conclusion of the new locks construction scheduled for the first quarter of 2015.
Shanghai: Badly secured breakbulk cargoes are coming loose and putting lives and vessels at risk – especially in China - according to a report from the North P&I club.
Singapore: Ezra's spin-off Triyards will spend AUD6.75m ($7m) to purchase a logistics and supply base within the shipbuilding and marine-related belt of Western Australia.
Riga: Portek International, a global medium-sized port operator, has taken 80% of the share capital of Rigas Universalais Terminals (RUT) in a move to expand its portfolio of container and…
Shanghai: Brazil mining giant Vale's 400,000 dwt Vale Malaysia docked at Lianyungang port in China this week.