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As the largest customer of the Suez Canal with more than 1,400 transits in 2014, the Maersk Group welcomes the expansion of the Suez Canal and the advantages it entails, Maersk Line said Thursday in a press release.

Egypt has all through the 20th and 21st century acted as the bridge between Europe and Asia thereby enabling global trade and growth. From 2004 to 2014 container volumes transported via the Suez Canal has grown around 70% and the expansion confirms the Suez Canal Authority’s continuous commitment to accommodating growth in trade. Maersk Group representative and CEO of Maersk Drilling, Claus V. Hemmingsen will participate in the official opening of the Suez Canal today along with COO of Maersk Line, Søren Toft.

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Vladimir Putin has signed Federal Law On the Free Port of Vladivostok, Kremlin press center says.
The State Duma of the Russian Federation passed the Federal Law on July 3, 2015. The Council of the Federation approved it on July 8, 2015.
The law regulates relations arising from the establishment and operation of the Vladivostok free port.
As defined by the law, READ MORE

In the first half of 2015 the turnover of OJSC “Sea Port of Saint-Petersburg” (SP SPb) amounted to 4.3 mln tons, which is by 5% more than the indicator of the same period during the last year.

Positive dynamics was caused by READ MORE

In January-June 2015, Russian seaports handled 322.3 mln t of cargo (+3.5%, year-on-year), says press center of RF Transport Ministry. Transshipment of dry bulk cargo declined 0.2% to 138.7 mln t, liquid bulk cargo – up 6% to 183.6 mt.

Operators of the Arctic Basin terminals handled 17 mln t (-0.6%) including 11.5 mln t of dry cargo (-7.1%) and 5.6 mln t of liquid bulk cargo (+16%).

The ports of the Baltic Basin handled  READ MORE