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Port of Shanghai sets new record in cargo, container throughput

According to the latest statistics Port of Shanghai, the world's busiest cargo and container port, saw both its cargo and container throughput hit new high in the first half of this year, according to the latest statisticsreleased by the Shanghai Statistics Bureau.In the first six months,, the port's cargo throughput grew 10.3% year on year to 353.17 million metric tons, including 163.37 million metric tons of foreign trade cargo volume. The port's inward cargo volume climbed 8.3% year on year to 221.29 billion metric tons in the first half, and outward cargo volume rose 14% year on year to 131.88 million metric tons.The port's container throughput was 15.32 million twenty-foot equivalent units during the period, up 10.5% year on year. The figure included 7.47 million TEUs of inward container throughput and 7.85 million TEUs of outward container throughput, 9.8% and 11.2% more than in the corresponding period of last year, respectively.In 2010, the Port of Shanghai surpassed the Port of Singapore, becoming the busiest container port in the world. The port handled 29.07 million TEUs last year, 16.3% more than in 2009, and its cargo volume rose 10.4% year on year to 653 million metric tons.Source: China Knowledge

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St. Petersburg port infrastructure development

The group of companies Sea Port of Saint-Petersburg continues to develop port infrastructure Thegroup ofcompanies "SeaPortofSaint-Petersburg"continues tomodernize cargo terminals andportinfrastructure within theimplementationoffull-scaleprogramme ofdevelopment.Inparticular, starting fromthebeginning ofthisyearthe group ofcompanies carries outworks onreconstruction ofrailway tracks andfacilities attheFirst andSecond Cargo areaoftheport. These works willsecure uninterrupted flowoftrains andmodernization ofthecranes. Itis planned thatthese works willmakeitpossible toincrease metal handling capacities oftheterminals upto500thousand tonspermonth.Additional storage capacities forimport carsandcontainers arebeing constructed attheterritory of"Fourth Stevedoring Company" (part ofthegroup ofthecompanies "Sea PortofSPb").Starting fromthebeginning of2011thegroup ofcompanies "SeaPortofSaint-Petersburg"transferred about 470mln. rubles, allinallit isplanned totransfer over1.1 bln. rubles forthese purposes.Source: UCL Holding B.V.

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Kuwait will build megaport despite threat

Construction of a controversial megaport between the two nations Kuwait said that threats by Iraqi militants will not deter the oil-rich emirate from completing the construction of a controversial megaport between the two nations."We are not scared by threats and we are continuing the construction work in the project. Work is ongoing smoothly and as planned," foreign ministry undersecretary Khaled al-Jarallah told reporters.The Kuwaiti official was responding to new threats by Iraqi Shiite militant group Ketaeb Hezbollah that it will strike the port if Kuwait did not halt construction.The group made its first threat last month and Kuwaiti newspapers on Sunday published new threats by the same group."This threat is unfortunate and irresponsible," Jarallah said after a presentation on Mubarak Al-Kabeer port to heads of foreign diplomatic missions in Kuwait."There must be an official Iraqi handling of these threats," the Kuwaiti official said.Last month, Ketaeb Hezbollah, which has claimed deadly attacks on US troops in Iraq and is believed to be backed by Iran, warned a South Korean consortium to halt work on the Kuwaiti port project.Iraqis are objecting to the port because they say it will strangle Iraqi shipping lanes.Iraqi Prime Minister Nuri al-Maliki has said that Kuwait has ...

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