Europe – Page 97
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Russia needs ports investment
Russian ports are a good medium-term investment, according to an analyst at Gazprombank. Alexei Atapov said that Russian port infrastructure is currently inadequate and lacks capacity. As a result handling charges are high and terminal operators can make very high profits.
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Trieste/Monfalcone seeking to create major box facility
Trieste Port Authority has confirmed its interest in a project put forward by the UniCredit Group to build a large platform spanning Trieste and Monfalcone ports capable of handling 3.2m teu/year. The project has already received preliminary approval from several Italian ministries, although the funding will be entirely from the ...
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NewsPort predictions need to evolve
Since the downturn, the world of forecasting has suddenly become much more complicated, and the industry needs to stop ''dumbling down'' port traffic predictions, according to Graham Cox of Maritime Traffic Forecasts.
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Global shipping fleet feeling affect of congestion
A recent snapshot study suggests that congestion at global ports is on the increase, particularly in respect of bulk carriers.
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Russia to up port investment
The head of the Investment and Development Committee of the Association of Commercial Sea Ports has said that Russia will invest $42m, compared with $50m last year, in improving port infrastructure.
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NewsRussian box throughput rise
The aggregated throughput of the National Container Company terminals in St Petersburg and Novorossiysk (FCT and NUTEP) in the first half of 2010 rose by 32% compared to the first half of 2009.
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Kiel throughput up
Cargo handling in the Port of Kiel increased by 13.4% in the first half of the year to 2.7m tonnes. Further, utilisation of the Ostuferhafen part of the port has risen to more than 80%, underscoring the need to expand its capacity.
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NewsContainers to have ‘banner year’
World containerised trade volumes are forecast to reach nearly 10% growth this year, with a slightly stronger recovery of 10.6% on the main East-West trade lanes, before slowing, according to IHS Global Insight''s World Trade Service.
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NewsUst-Luga will no longer languish
Development of the Ust-Luga Container Terminal (ULCT) is now again underway after the resolution of recent conflict through one party selling its 50% stake in National Container Company (NCC).
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NewsOne hour turnaround in Liverpool
A £1.1m IT system installed at the Port of Liverpool has led to improvements in customer service, with 95% of truck drivers now processed through the port within an hour.
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NewsMotorways of the sea boost for Marseilles
Eighteen partners from France and Tunisia have signed a new agreement focusing on ro-ro traffic between Marseilles and Tunis-Rades – the first to link Europe and North Africa under the European Union’s Mediterranean ‘motorways of the sea’ project.
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NewsTime to celebrate
After a two-year battle against massive backdated business rates bills, port companies are celebrating a triumph they had scarcely dared to dream of. Felicity Landon reports
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Northern ports gain link with Poland
A new Polish hinterland terminal has just opened near Katowice, bringing the southern Polish economic region of Silesia closer to the Port of Hamburg and linking up with the northern European seaports of Hamburg, Bremerhaven and Rotterdam through daily rail connections.
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UAE cash to expand Poti
The port of Poti in Georgia is to receive investment of $500m from Ras Al Khaimah of the United Arab Emirates over the next four to five years.
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NewsCall for more discussion on trust port plans
Despite the Port of Dover taking advantage of the UK government''s ‘austerity speeches’ by saying that its plans to opt out of trust status were in line with the government strategy, there has now been a ministerial call for more discussion.
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Cork’s new terminal location
The port of Cork has identified an area adjacent to the existing ferry terminal at Ringaskiddy for development as a container terminal. Dry bulk operations will also move here.
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Investment earmarked for Russian ports
Russia is to spend $3.29bn this year on developing its ports network, compared with $3.35bn in 2009.
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NewsIt's not 'business as usual' quite yet
Drewry’s latest Container Forecaster paints a far more positive picture for the industry in 2010, but there are still some areas of concern that could spoil the party quite quickly.
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Malta Freeport expansion
Terminal 2 at Malta Freeport is to be expanded. The North Quay will be extended from 480 metres to 668 metres and the West Quay from 118 metres to 312 metres. The overall Birzebbuga terminal area will also grow by a further 25,500 square metres.
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Riga port on the move
A tender has been issued for the transfer of Riga Port from the city centre to the nearby Russian island of Krievu sala.
