Latest News – Page 1079
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VIZINJAM TENDER RE-ISSUE
The government of the Indian state of Kerala has agreed to re-issue the tender for the proposed international container transhipment terminal at Vizinjam.
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INDIAN 'SUPER-DREDGER' MOOTED
The Shipping Corporation of India, Jawaharlal Nehru Port, Mumbai Port and Mazagon Docks Ltd are looking into setting up a large dredging company. In addition, the government''s Ministry of Petroleum is also speaking to oil companies, which may also later become involved in the project. Foreign companies interested in investing ...
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MUNDRA IPO
Mundra Port & Special Economic Zone Limited intends to raise ¢ 310m ($421m) via an IPO, which would be the first time any Indian port operator has used this method as a means of raising finance.The IPO is scheduled for the second quarter and money raised will be invested in ...
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DALIAN IN BED WITH MODERN TERMINALS
Dalian Port Company and Modern Terminals Ltd are to build a deepwater container terminal at the Port of Dalian. This will be located at Dayaowan North Harbour.
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XICT ADDS QUAYSIDE LIFT
Xiamen International Container Terminals has taken delivery of two post-panamax quayside gantry cranes and six mobile harbour cranes, bringing to 38 the overall number of cranes owned by the facility. XICT is also to bring online a further 443 metres of quay, which will have alongside draught of 17.5 metres.
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Chittagong go-slow cripples operations
Workers belonging to Chittagong port authority implemented a policy of nonco- operation following the takeover of management of the container terminal by private company Saif Powertec.
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KPT re-thinks causeway plan
Karachi Port Trust is rethinking its plan to link the proposed Pakistan Deepwater Container Port by a six kilometre long causeway following an initial cost assessment.
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K-Line hybrid cranes mark Japan first
K-Line group company, the Daito Corporation, has ordered three hybrid cranes for Ohi Terminal in Tokyo and Honmoku Terminal in Yokohama.
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Busan transhipment coup
In a major coup for the Korean port, Busan has lured Mediterranean Shipping Company''s transhipment business from China''s Ningbo Port.
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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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PORT MARLBOROUGH ESTABLISHES PROPERTY SUBSIDIARY
A new subsidiary company, Port Properties, has been created by Port Marlborough to manage its NZ$50m ($36.8m)- valued property assets.The move is a reflection of the volume and scale of the property development activities likely to be undertaken at the port over the next few years and will also enable ...
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BUSY TIME FOR GISBORNE PORT
Eastland Port is expecting to report considerable increases in the volume of forestry and squash exported this financial year. Log throughput is expected to rise about 50% to 600,000 JAS tonnes and squash to double to 30,000 tonnes, with "additional kiwifruit volumes" also mooted.
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MELBOURNE CHANNEL
The Victorian Government has released a supplementary environment effects report into the proposed channel-deepening project for the Port of Melbourne. The report includes data from more than 40 technical studies and a trial dredge.
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PORT HEDLAND EXPANSION
Expansion plans approved by BHP will see Port Hedland reclaim the title of Australia''s largest port by 2010. The fourth stage of BHP''s A$2.3bn ($1.9bn) Rapid Growth Project will boost the port''s iron ore capacity to 155m tonnes per year.The expansion involves upgrades from the mines to the port, including ...
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NewsTauranga withdraws from merger talks
Port of Tauranga has formally withdrawn from merger discussions with Ports of Auckland, despite stating that a merger would generate "significant financial benefits" to customers and shareholders alike.
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NewsFremantle halts new terminal plans
The Western Australian port of Fremantle has put a halt in the shortterm to any further consideration of a third container terminal in the Inner Harbour. Mediterranean Shipping Company had proposed to redevelop Berths 11 and 12 on North Quay as a container terminal. But for the moment the port ...
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Auckland truckies breathe sigh of relief
A range of congestion-addressing measures recently employed by the Ports of Auckland have reduced truck queues to less than half an hour at both Axis Fergusson and Axis Bledisloe container terminals.
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HPH Brisbane winner
An operating duopoly on Australia''s east coast is set to be upended by the arrival of Hutchison Port Holdings (HPH).
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Double demand on Marlborough
the port operation itself and quite of lot of undeveloped land and resources,” he said. “ Another encouraging sign is the logging, which had not been performing that well, but is improving at the moment.
