Monday , 23 September 2019
Latest News


Finance now in place for new container terminal at Walvis Bay

The African Development Bank Group (AfDB) and Namibia have signed a US$338m sovereign guaranteed loan to Namibia Ports Authority (Namport) to finance the construction of a container terminal at Walvis Bay New Port. The Bank also provided a US$2.3m grant to the Government of Namibia for logistics and capacity building complementing the port project loan. Read More »

Record volumes and earnings for ICTSI and APM Terminals

ICTSI’s Pakistan International Container Terminal, Karachi

Manila-based International Container Terminal Services, Inc. (ICTSI) has reported that its unaudited consolidated financial results for the first nine months of 2013 show revenue from port operations rose to US$624.7m, 19% more than the US$524.7m for the same period last year. Net income attributable to equity holders came in at US$128.8m, up 22% on last year's US$105.8m. Read More »

Strike action at Lisbon port

Strikes will also impact Liscont Container Terminal

Inchcape Shipping Services has reported that strike action by the Stevedores’ Union at Lisbon commercial ports which already have a shortage of stevedore gangs, will cause major backlogs in the coming weeks. Read More »

Cosco and Hanjin shock resignations

Xu Minjie, executive director of China Cosco Holdings, resigned on November 8 for “personal reasons,” according to the parent company, amid reports that he was probed by Chinese authorities for alleged corruption as China’s anti-corruption campaign encompassed the shipping industry. Read More »

The dark side of Lazaro Cardenas

The problems have not affected legitimate business in Lazaro Cardenas

Pursuing its aim of becoming a regional hub, Mexico’s Port of Lazaro Cardenas has achieved considerable success with container traffic. Sadly however, this resulted in the port becoming a hub for drug shipments arriving from Asia. Read More »

LA to reward carriers

The Los Angeles Board of Harbor Commissioners has approved a new incentive programme to reward shipping lines that bring new container business to the Port of Los Angeles in 2014. Read More »

ICTSI escapes Typhoon Haiyan devastation

Manila-based International Container Terminal Services, Inc. (ICTSI) has reported that despite the devastating Typhoon Haiyan that swept through the Philippines last week, none of its domestic ports have been affected and all are working normally. Read More »

Ports facilitate European commerce

At a November 6, 2013 event hosted by German Member of the European Parliament Knut Fleckenstein and the Brussels-based Alliance for European Logistics (AEL), policymakers and representatives from leading EU ports and the shipping concluded that ports are an integral part of an efficient, sustainable supply chain and an important backbone of European business and trade. Read More »