Latest News – Page 1098
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News
GUANGZHOU DEVELOPMENT AGREEMENT
APM Terminals has entered a joint venture agreement with Cosco Pacific to develop and manage the second phase of the container terminal at the Chinese port of Guangzhou. The port authority will also participate in the management company. The new facility will be operational by mid-2007 and have an annual ...
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COSCO FORMS MANAGEMENT CO
Cosco Ports (71.43%) has formed a joint venture with Quanzhou Port Container Company (28.57%), to be known as Quanzhou Pacific Container Terminal Co Ltd. The company will manage a four berth container terminal in Shihu Harbour, as well as overseeing construction of a fifth berth for containers and a multipurpose ...
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Rosneft commits Tuapse funding
The Russian port of Tuapse is to receive investment of more than $2bn from oil pipeline operator Rosneft, which intends to use the port as its main export outlet.
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Kalmar stakes claim in Thai success
Port equipment supplier Kalmar has broken new ground in Thailand, with more than 20 of its RTGs in operation in the country''s ports.
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NewsHIT smashes through 100m teu barrier
Hongkong International Terminals celebrates the 100m teu handling mark, a world record for Hong Kong''s busiest port. Guest of honour Stephen Ip, Secretary for Economic Development and Labour Bureau (middle),joined John Meredith, group managing director of Hutchison Port Holdings (left) and Eric Ip, managing director of HIT (right) in commemorating ...
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NewsChasing shadows
China''s long shadow has cast traditional marketing strategies in neighbouring Japan,Korea and Taiwan into doubt. Wing Kah-goh finds out how their ports are fighting back
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NewsFighting talk
A five-year plan to boost Taiwan''s ports could move the island back into the premier league
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NewsUnited by Excess
Korean ports must come together to realise the nation''s goal of becoming the centre of Asia''s economic powerhouse
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Busan invites applications for third phase of popular industrial park
Busan invites applications for third phase of popular industrial park
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NewsMiddle Eastern riches
The Gulf is a hotbed of port development as nations vie for cargo business.Alex Hughes makes sense of the frantic pace
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NewsWin-win for Sharjah
Sustained growth in throughput at Sharjah''s key arteries has been attributed to the changing logistics environment in the United Arab Emirates, particularly the core industrial and commercial corridor between Jebel Ali and Sharjah/Ajman.
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One to watch
While Dubai, Abu Dhabi, Fujairah and Sharjah have led the way in port development in the United Arab Emirates,Ras Al Khaimah has played something of a secondary role. However, rising cargo volumes have prompted the Emirate to announce the development a second port facility costing ¢ 23m.
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NewsAqaba's changing fortunes
APM Terminal''s helping hand has lifted throughput at Jordan''s primary port.
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NewsDouble take
Upper Gulf keen to secure its share of region''s port business with additional terminals planned to serve the north
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NewsSouthampton committed to increasing UK box capacity
The Port of Southampton has thrown its bid to increase UK container handling capacity into the ring, pledging to raise current volumes by at least 3.7m teu.
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NINE BID FOR SAGUNTO VEHICLE TERMINAL
Nine companies are expected to bid for the new vehicle terminal at the Spanish Mediterranean port of Sagunto. Investment will total ¢ 2.88m and involve paving 120,000 sq m between Muelle Sur and Muelle de la Costa.
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PIREAUS GROWTH
Among those bidding are Lubasa, Pavasal, Dragados,Midascón, Comsa, Elsan-Pacsa, Cyes, CHM and Construcciones/Valcomar. Container traffic at the Greek port of Piraeus amounted to 511,280 teu in the first two quarters of this year, representing growth of 5.2% in respect of the 486,036 teu moved in the first half of 2005.
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VALENCIA EXTENSION AWARDED
Valencia port authority has awarded a contract to a joint-venture consisting of Ferrovial Agromán and Ocide Construcción in respect of the extension of Levante Quay at a cost of ¢ 12bn.
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GRUPO MARITIMO ATTRACTS INVESTORS
A group of institutional investors headed by Deutsche Bank has taken a 37% stake in Barcelona-based Grupo Marítimo TCB.The Pérez company retains a 42% stake.
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EU FUND FINANCES LAS PALMAS WORK
Las Palmas port authority is to finance 35% of planned infrastructure work at the port using ¢ 140m sourced from the European Union''s Feder fund. Among the work to be financed is the reinforcement and upgrading of the container terminal at Arrecife costing ¢ 262,000, and the creation of a ...
