Finance, Legal & Insurance – Page 27
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The outsourcing evolution
Port authorities are increasingly reluctant to provide services themselves if somebody else can do it cheaper and more efficiently, as Alex Hughes finds out
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A question of security
The introduction of the International Ship and Port Facility Security Code in 2004 forced a sharp rethink on the best and most cost effective route to improving security at ports around the world.
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Shifting the sediment
Maintenance dredging is an area where ports are increasingly seeking external input and Rotterdam has proved itself an expert in this regard – it has never undertaken this activity in house.
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NewsTechnophiles hone in on computer-dependent ports
Given the highly specialised nature of the IT industry it is little wonder that employing external IT providers is becoming more common in ports.
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NewsCrane calamities
Serious injuries or fatalities, high equipment replacement costs, berths put out of action, prolonged insurance and legal ramifications – crane knockdowns can have a catastrophic effect. Felicity Landon investigates
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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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Don't skimp on recommissioning inspections
Decommissioned or infrequently used cranes pose their own problems, says Stuart Armstrong, a senior associate in law firm Pinsent Masons’ litigation department.
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NewsThe maintenance question
The most important thing to consider when undertaking risk assessments regarding cranes is whether the right maintenance has been done, says Arnold Warmerdam, senior risk control consultant at Fortis Corporate Insurance’ s marine department.
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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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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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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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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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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
