Latest News – Page 1091
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Re-financing a winner for Tacoma
The Port of Tacoma has saved $5.3m by re-financing long-term debt at more competitive interest rates.
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NewsMexican ports lose out on empties
Mexican ports handle 370,000 empty containers each year, which causes losses of around $200m, according to estimates.
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NewsChile issues ports policy
The Chilean government has released its new national ports'' policy, which emphasises the need to award more terminal concessions as a means of boosting competition.
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Portland and Vancouver trade volume to double
A study undertaken by the Port of Portland Commission has forecast a doubling of trade volume in the Portland/Vancouver region by 2035. The study highlights the need to plan and invest to increase the capacity of trade and transportation support while reducing the negative impacts on the region''s liveability.
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CORMAGDALENA RIVER UPGRADE
Colombia has invested ¢ 350,000 in upgrading the navigability of the Cormagdalena River, which gives access to the port of Barranquilla. It has also improved safety at existing ports along the river and added flood protection.
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LONG BEACH UPGRADES CRANES
Long Beach Container Terminal has awarded Vycon with an order for green energy storage systems for six of its rubber-tyred gantries.
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NewsManta concession worries regional rivals
The awarding of a concession to Terminales Internacionales del Ecuador (Tide) to operate the Ecuadorian port of Manta has worried operators and ports in neighbouring Colombia and Peru.
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Zeebrugge lures the big boys
Samskip and terminal operator PSA HNN have announced that they are to cooperate in the development of the Port of Zeebrugge as an important hub for shortsea container activities in Northern Europe.
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NewsEurope's port powerhouse
As Antwerp looks to cash in on a regional capacity deficit, Rotterdam gets the all-important go-ahead for its long term expansion
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A hive of Activity
Across the Port of Rotterdam there are nearly 50 major development projects either under way or close to starting, including two liquefied natural gas (LNG) terminals, four electricity plants and eight new terminals for a variety of commodities.
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Maasvlakte 2 in figures
Maasvlakte 2, Rotterdam''s new port and industrial zone, is to be built right on the North Sea.Development is expected to take place over the next 20 to 30 years. The development will add 20% to the present port and industrial area, measured in hectares, and treble the port''s container handling ...
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Under watchful eyes
CCTV technology can offer everything from movement detection to automated number place recognition.But first,ports must make choices on monitoring levels,coverage and layout.Felicity Landon reports
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SECURITY BRIEFING
Port surveillance systems and equipment must be cost-effective, dependable, able to operate in potentially severe weather conditions in a maritime environment, require minimum maintenance and repair and have the availability of a prompt repair response when necessary. DSSL takes a closer lookCVSS's sister company, DSSL, has launched a CCTV system ...
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Mind your P's
The end of 2006 and very early part of 2007 saw industrial action in Europe''s ports on a scale that has not been experienced for some time. The last week of December saw action at Gioia Tauro - including a one-day stoppage and which slowed traffic and prompted substantial diversions ...
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Crippling implications of US initiative
One of the more interesting announcements at the beginning of 2007 is that the opposition party in the US, the Democrats, are to fast track legislation which within three years aims to ban containers from entering the US unless they are scanned at source by US-installed equipment and fitted with ...
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NewsIs the great equity bubble about to burst?
Private equity firms and other non-public shareholder groups such as Dubai Ports World (DPW), have entered the global ports and terminals marketplace to drive up values in the industry. Perhaps the initial driving force was DPW when it entered the Indian market outbidding its rivals.
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Taking Stock
Time was when shipping lines used to divest terminal assets on the downside of the container boom and bust cycle.Nowadays,however,they have learnt a trick or two and as the recent OOIL disposal highlights they are not disposing of these assets on the downside, but on the upside and reaping the ...
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Learning Curve
It is interesting to note that an officer of Kenya Ports Authority has suggested that congestion problems in Dar es Salaam are worse than those prevalent in Mombasa, and that as a result privatisation may not be the right road for the Port of Mombasa to go down. He suggests ...
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ICTSI swoops on Shandong terminal
Global port operator International Container Terminal Services Inc (ICTSI) has bolstered its Asian port holdings with a majority share in a Chinese operator.
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China's bright star still shining
"China''s port industry shows a promising future", a recent report from Research in China has found. The study estimates that China''s port handling capacity will increase by 80% or more from 2006 to 2010 and by 2010 the annual handling capacity of Chinese ports will top 6bn tonnes. Container handing ...
