Shanghai has applied to the central government for permission to build a multibillion-yuan container port facility to further develop its free-trade zone.
The city plans to start the fourth phase of the expansion of Yangshan Port, and construction will begin once the National Development and Reform Commission gives the go-ahead.
Kenya has formally launched a new, Chinese-financed railway which should extend across East Africa to reach South Sudan, DR Congo and Burundi.
The first section will link the Kenyan port of Mombasa to the capital, Nairobi, reducing the journey time from 15 hours to about four.
Current situations at the seaports, especially the Lagos ports, appear to suggest that efforts by the federal government through the presidential port reforms committee in the last two years have not yielded the desired result.
In August 2011, government took a bold step to cut down the number of its agencies having a permanent presence at the ports, with the hope that the move would reduce bureaucratic bottlenecks observed by clearing agents in the course of clearing their consignments. The move did reduce the bureaucracy in that aspect, but that was far from hitting the solution point.
The RF Government’s Legislative Commission has approved a draft law aimed at regulation of foreign trade activities of LNG exporters, RF Govt announced at its website. President of the Russian Federation Vladimir Putin has signed into law the amendments to the federal laws on state regulation of foreign trade and gas exports, the Kremlin press office reports.
NAWAH Port Management (NPM), a business unit of North America Western Asia Holdings (NAWAH), in partnership with the General Company for Ports of Iraq, has launched the first phase of a containerized terminal at Al Maqal Port, also known as the Port of Basra.
Analysis of ocean carriers’ latest financial results shows significant changes in cargo market shares, but how much of it is due to service differentiation is unclear.