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Monthly Archives: September 2010

Guam receives US$50m for modernisation

The US Department of Defence (DOD) had deposited US$50m into the ‘Improvement Enterprise Fund’ of the Port Authority of Guam, to part-fund the port’s 30-year modernisation programme authorised by the Guam Legislature that is valued at approximately US$260m. The improvement fund will be administered by the US Maritime Administration. Read More »

Ningbo valued at US$1.1bn

The initial public offering (IPO) of Ningbo Port Company A shares at RMB 3.7 (US$0.55) in Shanghai earlier this month (September) has valued the business at RMB 7.4bn (US$1.1bn). Read More »

New equipment en route to Itapoa

Two ZPMC vessels have left Shanghai bound for the Brazilian port of Itapoa carrying four ship-to-shore cranes and 11 rubber tyred gantry cranes respectively. The equipment is due to arrive in early November, timed to fit with the inauguration of the port’s new Tecon SC container terminal on December 22. Read More »

Gulftainer in Russian joint venture

United Arab Emirates-based Gulftainer and Russian-based Prominvest have signed an agreement to form a joint venture company, Gulftainer Russian Technologies, to pursue investments and management opportunities in the logistics chain within the Russian Federation and the rest of the Commonwealth of Independent States (CIS). This will include strategic port assets and related infrastructure. Read More »

Russian orders for Cargotec all-electric E-One2 RTGs

Cargotec has received orders from two customers at Russia's Far East Port of Vladivostok: SOLLERS Far East LLC, a Russian automobile company, and Vladivostok Container Terminal, have both opted for 16 wheel Kalmar E-One2 RTGs. According to Cargotec, the 16-wheel units, in combination with the light weight of its cranes, put less stress on terminal surfaces compared to conventional 8-wheel units. Read More »