Latest News – Page 1129
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BRAZIL MAY WAIVE PORT TAXES
The Philadelphia Regional Port Authority (PRPA) is in the throes of swapping maritime land known as the Pier 98 Annex to the SYSCO Corporation, a domestic food distribution company.The Brazilian government has revealed that it is contemplating implementing legislation that will waive taxes normally imposed on national ports as a ...
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LNG terminal for Long Beach
Conoco Phillips and Mitsubishi have signed an MOU to undertake a joint development of an LNG import terminal at the US West Coast port of Long Beach. Investment of up to $400m will enable the facility to output 700m cu ft of gas daily, rising to 1,000m cu ft during ...
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Venezuela to build new deepsea port
The Philadelphia Regional Port Authority (PRPA) is in the throes of swapping maritime land known as the Pier 98 Annex to the SYSCO Corporation, a domestic food distribution company.Venezuela's Infrastructure Ministry (Minfra) has called for bids for a contract to undertake a feasibility study for a $1.2bn deepwater port on ...
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Esmeraldas in the private sector
On 15 July Puerto Nuevo Milenium SA, a Colombian/ Ecuadorian consortium, took over management of Ecuador''s Esmeraldas port for the next 25 years.
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Cross-continent rail link mooted
The Chilean and Brazilian governments are in discussion regarding the promotion of a rail link between the ports of Antofagasta and Santos.
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Santa Fe to return to private sector
October 2004 has been set as the deadline for bids to operate the container and multi-purpose terminal at Argentina''s Santa Fe port.
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Ennore touts for business
About 25km to the north of Chennai, Ennore Port Ltd is to go out to tender for a 30-year BOT contract to build a brand new container terminal capable of accommodating vessels of up to 8,000TEUs. The facility, which will have an annual capacity of 6m TEUs, is being built ...
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JNPT congestion..
JN Port''s two existing container terminals continue to suffer congestion problems with some 14,000TEUs rumoured to be effectively trapped within the various stacking yards because of insufficient block trains to move them.
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..and P&O Ports' CCCL at Chennai following suit
P& O Ports is also facing congestion problems at Chennai on India''s east coast, where feeder operators increased the congestion surcharge from $15 to $50/TEU as from July 15. Chennai International Container Terminal Ltd (CCCL) has been suffering from serious berthing delays and a drop in productivity following a strike ...
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Inflexible decision-making dogs Indian ports
India''s recently published Economic Survey 2003-2004 highlighted the main problems faced by the country''s 12 leading ports - Kolkata (Calcutta), Chennai, Cochin, Ennore, JNPT, Kandla, Marmagao, Mumbai, New Mangalore, Paradip, Tuticorin and Visakhapatnam - which handle 76% of national port volumes.
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ICTSI sees 100%+ increase in half-year profits
ICTSI has doubled its half-year profits compared to the same period in 2003. The company''s international operations in Gdynia, Poland and at Tecon Suape, Brazil made a significant contribution to the result. ICTSI reports that net profits for the first half of 2004 were $8m, up 101% compared with $3,98m ...
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IRANIAN DEAL FOR ALPS
Ironically, while PSA Corp is backing out of India - see preceding story - a consortium of Indian companies has taken their expertise overseas and signed a deal to set up a container terminal at the Iranian port of Chabahar.
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PTP REPORTS RECORD GROWTH
The Tecon Suape terminal reported profits for the first time with these following on from a significant increase in cargo throughput and positive management initiatives on the part of ICTSI to introduce more efficient operational procedures and working practices.Malaysia's PTP, Singapore's new rival, reported a 25% first half throughput increase ...
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SHANGHAI EXPECTS
The Tecon Suape terminal reported profits for the first time with these following on from a significant increase in cargo throughput and positive management initiatives on the part of ICTSI to introduce more efficient operational procedures and working practices.The latest traffic forecast from Shanghai estimates a container throughput of 14mTEU ...
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PSA pulls out of India
Indian port news is plentiful this month with the " ins and outs" of investment strategy, congestion issues, new development plans and mooted institutional change in port authority operating structures, all generating items of interest.
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P&O Ports signs for Bengal box terminal
The international terminal operator that has shown most commitment to India is P& O Ports and it has just reaffirmed this by securing the rights to become an investor in Bengal Port Ltd (BPL). In early August, according to a P& O Group announcement, P& O Ports signed development and ...
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PARADIP CLOSING DATE
15 September 2004 is the closing date for qualifying bids for a BOT project for the construction of a new iron ore export facility at Paradip on India''s east coast.
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SHENZHEN CONTINUES TO CLIMB
The Chinese port of Shenzhen reported a 32% first half throughput growth with a total of 6.06mTEU, in line with expectations. The port''s three terminals forecast reaching at least 13mTEU by the end of the year.
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NO WALTZ ON THE DANUBE
Creating an all-river route from the Atlantic to the Black Sea remains problematic. The European Union is financing upgrades along the Main-Danube canal, but barge transit times remain too long. In addition, low bridges restrict container carryings to twohigh, although a recent study showed that three-high carriage is possible with ...
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CRUNCH TIME FOR THE RHINE
Barging containers along the river Rhine is an increasingly popular transport mode. But, as Neil Madden reports, congestion problems at the river''s seaport end have proved frustrating for shippers and carriers.