Latest News – Page 1075
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News
B&B ACQUIRES MANUPORT
Australian group Babcock & Brown Infrastructure has acquired a majority stake in Belgium’ s Manuport Group, which mainly handles dry bulk at the ports of Antwerp and Ghent, with annual traffic of more than 7m tonnes. The rest of the equity will remain with company management.
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TAURANGA BIODIESEL PLUG
Biodiesel producer Argent Energy New Zealand has confirmed the Port of Tauranga is in strong contention for a planned NZ$60m ($45.6m) production plant. With the findings of a recent feasibility study due to be announced soon, the port has indicated its capability and keenness to attract the new business.
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PLASTIC UNDARIA BATTLE
Divers have wrapped wharf posts at New Zealand’ s South Port in plastic in an attempt to suffocate the invasive underwater pest Undaria. A recent check of 65 boats at the port found over half were carrying the fast-growing brown kelp which can readily “ jump” between vessels and the ...
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DPW LAVISHES BRISBANE
Dubai World’ s chairman, Sultan Ahmed Bin Sulayem, has toured subsidiary DP World’ s container terminal in Brisbane and underlined the strategic significance of the port to the group. He compared Brisbane with DP World’ s flagship Jebel Ali terminal, in witnessing continuous growth over the last decade.
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Victoria competition inquiry planned
An inquiry into the impact of port planning on competition for container stevedoring services in Victorian ports is to be conducted by the state’ s economic regulator.
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Newcastle primed for Botany traffic
The port of Newcastle could begin handling an overflow of containers from Port Botany much sooner than originally planned.
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Real losses of Melbourne dredging delay
Container lines are losing up to A$400,000 ($343,400) for a round trip to Melbourne because of draught restrictions, the inquiry into channel deepening has been told. Shipping Australia warned that lines could add a container levy if dredging does not occur.
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NewsAuckland piles pressure on truckers
Ports of Auckland is inviting shipping and freight industry stakeholders to partake in a series of discussions about the development and implementation of a vehicle booking system (VBS).
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NewsNZ10m PrimePort development
PrimePort Timaru is purchasing a new harbour tug and undertaking berth upgrades at an estimated cost of NZ$10m ($7.6m).
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NewsDancing out-of-step with the Greenback
The music has not stopped yet. But even though interest rates have risen, the infrastructure deal business has not been slowing down – “ there’ s more money out there than there are saleable assets at the moment – the supply gap is driving up prices” , according to Manju ...
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NewsDakar dealings
Back in the May issue of PS you may recall that there appeared to be some strange things going on with the concessioning of the Dakar container terminal in Senegal. Remember one of the qualifying technical criteria for parties to qualify to submit an Expression of Interest was to handle ...
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Capacity crunch
That word is back again: “ congestion” , and along with it some interesting projections. Two new reports have recently been issued both of which foresee capacity crunches in the port sector.
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Calling the shots on continued congestion
The recent Coastlink Conference in Dublin was the focus of much discussion about the thorny subject of congestion – the problems and potential solutions. There was clearly a perception from the conference as a whole that “ congestion is back and likely to get worse before it gets better in ...
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Is there a danger of diseconomies of scale?
Economic theory and practice tells us that economies of scale have the potential to increase both consumer and producer welfare. Yet there are limits to the advantages that they can bring.
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Wrangles over proposed Dharma port
Indian steel manufacturing giant Tata has stoutly defended its plans for a new steel and ore port at Dhamra, in the eastern Indian province of Orissa, in the face of environmental protests.
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Busan dredging need confirmed
A feasibility study on dredging at Korea’ s Busan port has verified the need for deepening at selected berths at Shinsundae Container Terminal, Gamman Container Terminal, Shingamman and Jasungdae.
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Cang Viet Port to be rebuilt
Vinashin is to invest $93.8m to rebuild Cang Viet Port in Vietnam. This will allow it to handle 2m tonnes of cargo per year and receive vessels of up to 10,000 dwt.
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ICTSI secures Subic
ICTSI has won a Subic Bay container terminal concession after the Subic Bay Metropolitan Authority declared that it had received no challenge to its bid contract by the deadline in June.
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Philippine x-ray vision
The customs authorities in the Philippines are to introduce 10 new x-ray scanners at eight ports. These have been approved by authorities in the US.
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Portek orders net S$5.3m
Equipment provider Portek has confirmed orders for container cranes, hardware installations and crane upgrades and repairs in Columbia (South America), Sri Lanka, Singapore and Malaysia, in orders worth a total of S$5.3 million ($3.5m).
