Santiago: Chile’s largest logistics company SAAM, that operates tugs, ports and agencies, has signed an agreement with Boskalis Holding BV parent company of SMIT, creating two joint ventures for the joint operation of the tug business in Canada...
A magnificent all-round performance by captain Priyath Wickrama propelled the Sri Lanka Ports Authority (SLPA) XI to a convincing ten-wicket victory over Seatrade XI in the inaugural Chris Hayman Cup limited-overs cricket match at the Premadasa...
Singapore: Hutchison Port Holdings Trust (HPH Trust) posted lower profits in the first quarter due to higher operating costs and lower revenue from weaker volumes.
Cairo: Egypt’s Suez Canal toll hikes, which raise prices between 2-5%, have been implemented as of today, renewing concerns that shipowners will re-route ships around the Cape of Good Hope rather than pay the fees.
The Indian Shipping Ministry has blamed weak market conditions for the poor retail response in 2012-13 to the fund-raising plans of two top state-run ports and a government-owned dredging company.
Los Angeles: Scrap handler SA Recycling has begun exporting iron ore to Asia from the Port of Long Beach, California, having loaded and sent its first shipment of 50,000 tonnes.
Rio de Janeiro: Brazil plans to invest $28nn by 2016 in the port sector, according to Luciano Coutinho, president of the National Bank for Development (BNDES).
Cairo: Libya is to commence shipments of 12m barrels of oil to Egypt next month, in a deal worth $1.2bn.
Rio de Janeiro: Vale lowered cargo volumes and therefore draught to accommodate Chinese regulations when Vale Malaysia called at Lianyungang earlier this month.