Latest News – Page 1042
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News
Congestion shorts
Iron Ore port Visakhapatnam in India has banned vessels that can''t manage to load at least 1,500tph from two of its jetties. Slower rates cause congestion, say Port Authorities.
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NewsBeirut looks to the sea
The port of Beirut authority is considering a $40m project to reclaim an area of 150,000 sq m.
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Varna to build box terminal
The Bulgarian port of Varna is to build a new container terminal through a joint venture including municipal authorities in Varna. Private sector involvement in the ¢ 90m ($130.6m) will be restricted to 30%. Work is scheduled to start at the end of this year.
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NewsSepitiba to expand to hub status
CSN is to invest $17m in the container terminal it operates at the Brazilian port of Sepetiba. Expansion of the terminal will allow it to function as a distribution hub for both cabotage and deep sea services.
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NewsCavotec boss awarded PEMA role
Cavotec MSL chief executive Ottonel Popesco has been elected as the new president of the Port Equipment Manufacturers Association (PEMA).
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Awareness campaign
Castrol Marine, Eco Ports, IMarEST and ProSea have joined forces in a campaign to raise the awareness of the problem of environmental damage from oil leaks from ships in ports and harbours.
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New port to take shape
Work on new $62m Vietnam port jointly developed by forwarding company Gemadept (51%) and steel sheet manufacturer Hoa Sen Group (45%) is to start in April.
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NewsICTSI enjoys healthy income
Surging net profits for Philippines-based International Container Terminal Services Inc have cemented the port operator''s strong market position.
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NewsKGL rolls out ports fund
KGL Investment Company has established a $500m fund to finance port projects in emerging markets.
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NewsFrench now open to privatisation
The French government has introduced a ports reform programme, which will allow the privatisation of cargo handling at ports.
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NewsFelixstowe
Two ship-to-shore gantry cranes at Felixstowe''s Landguard Terminal ended up in a mangled heap on the quayside at the weekend after a ship delivering three new ship-to-shore cranes to the port broke loose from its moorings in high winds and crashed into them.
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PS OPINION PIECE
The global credit crunch may be in play and this may be adding percentage points to the borrowing of port businesses, but this does not mean that the interest of what can be termed new generation investors - private equity concerns and infrastructure funds - in the port sector is ...
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Ports take action against climate change
A port climate conference is to be held in Rotterdam on 9, 10 and 11 July 2008, entitled the “2008 C40 World Ports Climate Conference.” In preparation for this, the Port of Rotterdam Authority organised a conference entitled ‘World Ports for a better climate’, on 25, 26 and 27 November ...
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NewsBetter quality but higher claims
Better quality port equipment and operations have reduced claims, but at a cost as Felicity Landon finds out
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COntainer insurance: A bigger chunk of risk
Ports looking to take a bigger chunk of the supply chain take a bigger chunk of risk, warns Eric Buur, underwriting coordinator cargo liability at Fortis Corporate Insurance (FCI).
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Container insurance: TT Club warning
The TT Club is working on an in-depth analysis of claims from terminals, in an effort to help prevent future losses. Results of this study will be published soon, it says - but meanwhile, incidents involving straddle carriers remain "the chief area of concern".
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Tanzania opens eight ICDs
Eight private companies in Tanzania have been licensed to operate inland container depots (ICDs) as a means of providing capacity relief for the container terminal at the port of Dar es Salaam.
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Vietnam confident on 2008 port success
The head of Vietnam's Maritime Administration believes that 2008 will be a banner year for the country's ports following an injection of investment capital.
