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Regulation and Policy

Filipino port operator International Container Terminal Services Inc (ICTSI) has announced the launch of a new Adriatic–Greece–Turkey service (AGT) service connecting Turkey with several key locations on the Adriatic Sea.

The Port of San Diego has commissioned an Environmental Impact Report (EIR) to study the possibility of an  expansion plan to create three new terminals.

Port operator International Container Terminal Services, Inc (ICTSI) has reported that international expansion efforts over the course of 2014 helped to increase container traffic volumes handled to 7,438,635 TEU.

Investment in South Korea’s Gwangyang Bay Area Free Economic Zone(GFEZ) doubled last year to $1.4 billion, up from $700 million in 2013, driven by government backing for foreign direct investment (FDI) vehicles.

Malaysian shipping firm Hubline Bhd has announced its intention to withdraw from the container shipping industry to focus more on breakbulk cargo.The company cited overcapacity in the market and difficult economic operating conditions as the main drivers behind the decision.

Shipping firm Seago Line has announced a new service to connect Gothenburg and Morocco.

Wednesday, 11 February 2015

Hanjin quits Port of Portland

South Korean container carrier Hanjin Shipping has terminated its service to the Port of Portland, following strikes and protest by longshore workers that have disrupted traffic at the port.

The Port of Greater Cincinnati Development Authority along with the Northern Kentucky Port Authority have formally re-designated the Port of Cincinnati to include a larger geographic area, including a 226.5 mile reach of the Ohio River and a 7-mile reach of the Licking River.

President Obama’s recent 2016 budget has set aside $478 billion for infrastructure plans over the next six years but has created uncertainty for some port projects in the U.S. that had expected greater backing.

Icelandic shipping firm Eimskip has increased the frequency of container shipments between Europe and the U.S. Port of Portland, based on expected growth in demand on Atlantic routes.

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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