News

The US ports of Tacoma and Seattle have issued a draft of the final agreement to form a Northwest Seaport Allianceand unify the two ports’ marine cargo terminal investments, operations, planning and marketing. 

Import volumes increased nearly 5 percent year to date to 1,088,615 TEUs, and exports jumped nearly 9 percent to 982,206 TEUs. Domestic volumes remained flat, up 1 percent on the year.

Construction of a US$140 million logistics park started yesterday in the northern province of Bac Ninh's Viet Nam-Singapore Industrial Park.

Financed by Mapletree Investments Pte Ltd (Mapletree), the park covers a total area of 55ha. When fully developed, it is expected to provide about 310,000sq.m of warehousing space designed for modern logistics operations.

India aims to invest 4.52 trillion rupees ($100 billion) by 2020 to build new ports and develop its shipping industry in a bid to boost trade, Shipping Minister G.K. Vasan said. The investment will likely more than triple India's annual port handling capacity to 3.2 billion tons, Mr. Vasan said.