Latest News – Page 1054
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News
MACQUARIE BUYS TERMINAL STAKES
Hanjin Shipping is to sell a 40% stake in six of its container terminals to Macquarie Korea Opportunities Fund. The facilities involved are at Seattle, Long Beach in Oakland in the United States; Tokyo and Osaka in Japan; and Kaohsiung in Taiwan.The cost of the transaction is $252.1m.
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GUANGZHOU DEVELOPMENT AGREEMENT
APM Terminals has entered a joint venture agreement with Cosco Pacific to develop and manage the second phase of the container terminal at the Chinese port of Guangzhou. The port authority will also participate in the management company. The new facility will be operational by mid-2007 and have an annual ...
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COSCO FORMS MANAGEMENT CO
Cosco Ports (71.43%) has formed a joint venture with Quanzhou Port Container Company (28.57%), to be known as Quanzhou Pacific Container Terminal Co Ltd. The company will manage a four berth container terminal in Shihu Harbour, as well as overseeing construction of a fifth berth for containers and a multipurpose ...
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Rosneft commits Tuapse funding
The Russian port of Tuapse is to receive investment of more than $2bn from oil pipeline operator Rosneft, which intends to use the port as its main export outlet.
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Kalmar stakes claim in Thai success
Port equipment supplier Kalmar has broken new ground in Thailand, with more than 20 of its RTGs in operation in the country''s ports.
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NewsHIT smashes through 100m teu barrier
Hongkong International Terminals celebrates the 100m teu handling mark, a world record for Hong Kong''s busiest port. Guest of honour Stephen Ip, Secretary for Economic Development and Labour Bureau (middle),joined John Meredith, group managing director of Hutchison Port Holdings (left) and Eric Ip, managing director of HIT (right) in commemorating ...
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NewsChasing shadows
China''s long shadow has cast traditional marketing strategies in neighbouring Japan,Korea and Taiwan into doubt. Wing Kah-goh finds out how their ports are fighting back
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NewsFighting talk
A five-year plan to boost Taiwan''s ports could move the island back into the premier league
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NewsUnited by Excess
Korean ports must come together to realise the nation''s goal of becoming the centre of Asia''s economic powerhouse
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Busan invites applications for third phase of popular industrial park
Busan invites applications for third phase of popular industrial park
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NewsMiddle Eastern riches
The Gulf is a hotbed of port development as nations vie for cargo business.Alex Hughes makes sense of the frantic pace
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NewsWin-win for Sharjah
Sustained growth in throughput at Sharjah''s key arteries has been attributed to the changing logistics environment in the United Arab Emirates, particularly the core industrial and commercial corridor between Jebel Ali and Sharjah/Ajman.
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One to watch
While Dubai, Abu Dhabi, Fujairah and Sharjah have led the way in port development in the United Arab Emirates,Ras Al Khaimah has played something of a secondary role. However, rising cargo volumes have prompted the Emirate to announce the development a second port facility costing ¢ 23m.
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NewsAqaba's changing fortunes
APM Terminal''s helping hand has lifted throughput at Jordan''s primary port.
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NewsDouble take
Upper Gulf keen to secure its share of region''s port business with additional terminals planned to serve the north
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NewsAustralia raises the bar
Ports down-under are readily stepping up to meet the challenge of supplying ever increasingly volumes of iron ore to China.Mike King reports
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NewsFlying high
Bumper times for straddle carrier manufacturers look set to continue next year, despite escalating raw material costs. Felicity Landon reports
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NewsTight tyre
Tyre availability is still an issue for industrial and earthmover type machines - and therefore for straddle carrier manufacturers, says Kalmar''s Ilkka Annala.
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Isoloader outlet hopes to capitalise on European business
Australia''s Isoloader has appointed a manager for Europe and is setting up a new company, Isoloader Europe, which aims to be up and running by the end of November.
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Kalmar innovations designed to speed stacking and automation
Kalmar has developed a new heavy version of its Shuttle Carrier, the SHC 250 H. The 7g shuttle has capacity of 50 tons under the spreader and can handle twin 20-foot containers with fixed or extendable twin spreader.
