Latest News – Page 1094
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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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NewsThe right connections
The port-ship communications interface needs to be seamless to combat rising congestion and improve operations. Stuart Butts explains
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New year,new strategy
Get ready to meet a new strategic priority in 2007 by following these eight steps: 1) Define the vision.Check with your IT Department if your port already has in place data transformation and repurposing technology.
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NewsFighting the Last War
It is said that generals have a strong tendency to prepare for the war they last took part in. And marine underwriters are not so different in this respect. The last financially traumatic event tends to influence the current approach they take to risk. Post September 11, renewed attention was ...
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Removing mystery of intermodal capacity
Software that promises to "greater simplify"determining the capacity of an intermodal yard has been released to the open market.
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Website no waste of time
Ports looking to get a better handle on waste management in the UK can now make use of a specially designed website. BeCompliant.co.uk can help producers of hazardous waste to meet compliance criteria, save money and avoid environmental incidents and fines.
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Morocco bows out of port management
Morocco has announced that the state monopoly on managing domestic ports is to be abolished as a means of improving competitiveness.
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GULFTAINER LOOKS OVERSEAS
The country has 16 ports on the Mediterranean and Atlantic coasts.In future, activities at these will be overseen by a new organisation, the Ports Exploitation Company (Sodep). Gulftainer, which manages container handling operations in Sharjah, is seeking small niche market opportunities in Turkey, India,Mozambique, Kenya and Pakistan, according to general ...
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HAIFA BOTTOM LINE HIT
Israel''s port of Haifa reported a 9% drop in cargo traffic in the first three quarters of 2006, as well as a 4% drop in container traffic.This compares with a forecast for an 8% rise in total cargo. In total, it is predicted to see a ¢ 10m loss in ...
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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.
