India hosts first meeting on Chabahar Port development with Central Asia nations
MUMBAI : The first meeting of the India-Central Asia Joint Working Group on Chabahar is underway in Mumbai. The two-day meet, which began on Wednesday, was one of
Saudi Ports log 21.14% growth in March container numbers
RIYADH : The Saudi Ports Authority (Mawani) has revealed that its trade hubs have recorded a 21.14% rise in container volumes last month, handling 693,523 TEUs as opposed
PSA announces the launch of the Stuttgart Express Rail Service
ROME : PSA Italy has announced the launch of the Stuttgart Express Rail Service, which will connect PSA Genova Pra’ Terminal with Stuttgart in Southern Germany twice weekly.
Iran to build new port on coast of Persian Gulf
TEHRAN : Iran plans to build a new port in the county of Bandar-e Lengeh on the Persian Gulf coast in Hormozgan Province, the director of the province’s
Port of Rotterdam increases its share in Rotterdam Shore Power
ROTTERDAM : The Port of Rotterdam Authority has increased its share in Rotterdam Shore Power (RSP), a joint venture between Eneco and the Port Authority, from 20% to
Port of Melbourne proceeds with rail project
MELBOURNE : The Port of Melbourne has achieved progress with the Port Rail Transformation Project (PRTP) with the formal launch of a new permanent two-way, single-lane in each
Ports of Los Angeles and Long Beach terminals shut down as workers fail to show up for shifts
CALIFORNIA: Starting with the Thursday evening shift, an insufficient number of port workers showed up to work at the ports of Los Angeles and Long Beach to carry
SIPG profits up 17% in 2022
SHANGHAI : Shanghai International Port Group (SIPG) reported a record RMB17.2bn net profit in the past year, an increase of 17.31% year-on-year. In 2022 container volume at SIPG was
AD Ports secures US$2 billion corporate facility deal with banks syndicate
ABU DHABI : AD Ports Group has signed a General Corporate Facility deal with a consortium of 13 regional and foreign banks. The multi-currency facility, worth approximately US$2
COSCO Shipping Ports exceeds 130 million TEUs in 2022, reports annual revenue of US$1.4 billion
SHANGHAI : COSCO SHIPPING Ports, a global port operator, released its annual results for the fiscal year that concluded on 31 December 2022. The Chinese port giant said