Latest News – Page 1094
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Crane chaos in Chittagong
Four new gantry cranes operated by Chittagong Container Terminals are being underutilised because of the non-corporation of stevedores and also because of the lack of coordinated back-up services.
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Indonesia initiates new infrastructure projects
The government of Indonesia is seeking to raise almost ¢ 600m to build what will become the country''s largest port in Banten province. Eight international investors and eight located locally have submitted letters of interest for a contract involving a joint-venture with the port.
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NewsBusan to open new berths
Three new berths are expected to open at the South Korean port of Busan this month. Doubling existing capacity to 2.4m teu, these berths will be operated by Pusan Newport Company, in which DP World is a major shareholder.
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Penang invests in port growth
Penang Port in Malaysia is to invest $277.78m over the next five years in infrastructure upgrades.
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DP World steps back from Pakistan
DP World has rather surprisingly withdrawn from the bidding process at Pakistan''s Gwadar port. Publicly, it claims this was done for commercial reasons, although there were serious concerns in India about the company''s presence in neighbouring Pakistan given that DP World also manages several terminals in India.
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NewsSri Lanka kicks off record expansion plan
An official inauguration has launched Sri Lanka''s largest infrastructure project to date, with plans to construct four container terminal berths in the coming years.
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Busan ditches container tax
Busan has scrapped an unpopular container tax, six years after it originally expired. Busan Metropolitan City imposed the $21.56/teu container tax in 1992 in order to fund road construction at the port.
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Gujarat identifies new port sites
The government of the Indian state of Gujarat has identified Cambay,Mahuva and Sutrapada as new port development sites, as throughput at existing local ports grew by 11.2% to 108m tonnes in 2005-06.
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PSA seals Chennai box contract
PSA Sical has been sent a letter of intent by Chennai Port Trust in respect of the concession to run a second container terminal.
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NewsUnder the Spotlight
There have been some amazing numbers achieved recently regarding port business sales, but perhaps even more amazing when you dig into this is that the high numbers are not seen by the purchasers as obstacles.
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Boom time for banks
The recent brilliant spotlight shining on the international ports business from an investment standpoint has turned the sector into a very attractive one from the standpoint of debt provision by the international banking sector. There is no doubt that attracting the interest of banks from this perspective is much easier ...
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NewsVirtual world
Proper use of crane simulators can reap returns in saved education costs, lower accidents and reduced training times in under a year. Alex Hughes investigates
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NewsMoney well spent
The capital outlay may be significant but can port executives really risk putting untrained staff into expensive cranes for on-the-job training? Alex Hughes reports
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PATRICK IN TOLL SPIN-OFF
Australia''s Toll group has announced plans to spin-off its ports division, which encompasses Patrick Corporation, as well as the Pacific National Railway.The new company will retain 83% of the group''s debt.Toll will create a separately listed infrastructure trust made up of Australia''s biggest port owner and the Pacific National rail ...
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CREAN TO LEAVE NORTHPORT
A five-year term as Northport''s chief executive will come to a close this year when Ken Crean steps down from the role.The position is currently being advertised and Mr Crean says he is flexible about the timing of the new appointment.
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Join the queue
The Australian port of Newcastle has reported that queues of ships waiting to dock peaked at record levels of the mid-50s between late November and early December. The port had been operating a successful capacity balancing system, which the Australian Competition and Consumer Commission approved in 2004 citing "net public ...
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Positive tones in NZ merger talks
Solid progress is being made in the potential mergers between New Zealand''s Ports of Auckland and Port of Tauranga and the Lyttelton Port of Christchurch (LPC) and Port Otago.
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NewsAuckland geared for growth
Ports of Auckland took delivery of three new ZPMC cranes in December as part of its NZ$100m investment programme to handle container throughput currently doubling every 10 years.
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NewsReefer boom for Tauranga
A range of infrastructural and procedural improvements have been put in place by the Port of Tauranga to cater for the 85% increase in reefer container throughput in half a decade.
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PROFIT BOOST FOR PORT NELSON
A 33% increase in after-tax profit to NZ$6.9m and 7% rise in revenue to NZ$29.6m has been recorded by Port Nelson in the 2005-06 financial year. Although throughput did not reach the record level of the previous year, cargo volumes were higher at 2.5m tonnes.
