Finance, Legal & Insurance – Page 26
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NewsA measure of success
Tracking productivity – whether of people or of kit – is increasingly critical as port and terminal operators seek to maintain their competitive edge. Felicity Landon reports
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Taking on the task of global port benchmarking
A recent report on “ Measuring Port Performance” produced by the World Bank emphasises from the start that is not possible to determine “ common” port performance benchmarks which would be applicable for any port.
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NewsJade solution reduces data entering time
New Zealand’ s Jade Software has recently been responsible for a wholesale IT revamp at Port Nelson, which included the replacement of the port’ s outdated radio data terminals with a new solution using a 3G network, ruggedised laptops and a customised user interface.
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NewsReducing the knockdown risks
Whether a crane knockdown is caused by structural failure, weather or being hit by a ship, steps can be taken to reduce the risks, says Laurence Jones, TT Club’ s risk assessment manager. Structural failure can be due to overload, prior damage, fatigue or design error.
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NewsBanking but not as we no it
International government equity houses offer an alternative to traditional port financing routes, as Barry Parker explains
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ADB cash to boost region's prowess
In line with aims to develop a regional container hub for transhipments to the burgeoning Indian ports, Asian Development Bank (ADB) recently announced its plans to fund the expansion of the port at Colombo, Sri Lanka, with a 25-year loan to the Government of Sri Lanka for $300m.
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NewsLaw firm enjoys a rosy outlook on port finance deals
Chris Brown, partner at specialist law firm Norton Rose, has been in the thick of some exciting port-related finance transactions in recent years, including the Baltic Multi-Port project (at Helsinki, Kotka and Saint Petersburg), the Gdansk Containerport, and a sponsor-driven port project at Valencia, Spain. In the Polish transaction,Norton Rose ...
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NewsA buyer's market
Recruitment specialists in the ports and shipping industry say demand for good quality staff is clearly outstripping supply.So how best to recruit - and retain - staff? Felicity Landon reports It is,says Phil Parry,chairman of maritime employment agency Spinnaker Consulting,a buyer''s market.
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NewsWarm welcome
The advice from recruiters is don''t neglect new starters on their first day; they may not return for another, as Felicity Landon finds out
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Watch out, there are poachers about
Privatisation and concessioning of ports and terminals around the world is leading to a rapid increase in demand for both ex-patriot and local managers, says Steve Cameron, principal of Cameron Maritime Resources. "In a lot of countries - India, for example,where privatisation is moving ahead, there is a certain amount ...
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NewsEasy money
Gift-wrapped cash suddenly seems easy to come by in the port sector with financial figures rising deal-on-deal. Barry Parker reports
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TT terrorism coverage
In a bid to address one of the biggest threats to maritime trade and one widely feared by terminal operators, the TT Club now offers cover for nuclear and bio-chemical terrorism. This the Club describes as an "industry-leading initiative that recognises and responds to demands from the industry that it ...
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NewsThe cover challenge
Swelling container trade and the consequent growth in terminals poses the greatest challenge to insurers today, as Mark Stanway finds out
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NewsUnder the Spotlight
There have been some amazing numbers achieved recently regarding port business sales, but perhaps even more amazing when you dig into this is that the high numbers are not seen by the purchasers as obstacles.
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Boom time for banks
The recent brilliant spotlight shining on the international ports business from an investment standpoint has turned the sector into a very attractive one from the standpoint of debt provision by the international banking sector. There is no doubt that attracting the interest of banks from this perspective is much easier ...
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NewsVirtual world
Proper use of crane simulators can reap returns in saved education costs, lower accidents and reduced training times in under a year. Alex Hughes investigates
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NewsMoney well spent
The capital outlay may be significant but can port executives really risk putting untrained staff into expensive cranes for on-the-job training? Alex Hughes reports
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NewsPorts on investors' radar
The "deal machine"for ports is finally gathering momentum. Mike Mundy reports on what''s hot and what''s not
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NewsICTSI signs for $120m "war chest"
International Container Terminals Services Inc (ICTSI) has signed a $120m Standby Credit Facility with a consortium of banks led by ABNAMRO Bank N.V. The facility is designed to complement ICTSI''s expansionist ambitions.
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NewsBeware the Cash Cow
You have land excess to operational needs, so why not cash in on the demand for trendy waterfront apartments? But "Seller Beware"- your new neighbours just might form a committee. Felicity Landon reports
