Hong Kong shipping firm SITC International has announced a strategic cooperation agreement with Qingdao Port to improve logistics and shipping operations.
Authorities at the Chinese Port of Yantian are reportedly planning to issue bonds valued at $354 million on the Shenzhen Stock Exchange, in order to fund further expansion both at the port and overseas.
Supply chain specialist APL Logistics has announced the opening of a new container freight station at Tungya Collins Terminal in Cakung, Indonesia.
Construction at Russia’s Bronka mega-port project is reported to be on course for commissioning in the third quarter of this year, with assemblage of the heating systems at the container and Ro-Ro terminals now underway.
Authorities at Korea’s Busan New Port have announced plans to expand the site with an additional 15 berths, designed to increase capacity by 15.8 million TEU.
The need to develop a master strategy to consolidate and develop Turkey’s ports remains one of the main issues facing the sector, delegates at PFI’s Istanbul forum heard today.
India’s Shipping Minister Nitin Gadkari is widely expected to finalise investment plans for major upgrade work at Iran’s Chabahar port this week when he meets with Iranian authorities in Tehran.
Russian authorities are planning to site the country’s first free port in Vladivostok, according to local media reports that cite governor Sergey Nekhaev as stating a launch date of 2016.
China is planning to invest a total of $46 billion for infrastructure upgrades in Pakistan as part of a wide-ranging China-Pakistan economic corridor that will include the development of a mega-port at Gwadar, officials announced.
India’s Jawaharlal Nehru Port Trust (JNPT) has announced plans to raise a reported $480 million in foreign loan capital to fund expansion of a six-lane shipping corridor over the next two years.