Latest News – Page 817
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PSA reveals Teh replacement
PSA is understood to have appointed a new group chief executive to follow in the footsteps of Eddie Teh, who is due to retire at the end of August.
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NewsIndia sets sights on global port domination
India is to set up a state-owned company capitalised at $557m specifically to invest in overseas port and terminal projects. The company will mirror PSA and DP World in scope and be known as Indian Ports’ Global.
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NewsGreece floats Piraeus sell-off plan
The Greek government has put forward a plan to privatise part of the port authorities of Piraeus and Thessalonica - a move hotly contested by local organised labour unions.
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NewsCargotec moves to protect Bromma copyright
Equipment specialist Cargotec has filed a lawsuit in Sweden against SweFrame Port Equipment claiming inter alia for damages due to "theft and use by SweFrame of Bromma''s sensitive product information".
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Strikes cripple Pecém
Recent strikes at the port of Pecém resulted in losses of up to $160,000 for every 12 hours of working day lost, according to port authority CearáPortos. It also calculates that docked vessels were accumulating losses of $32,000 every day they stood idle.
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Santos remodelling under discussion
Santos port authority, Codesp, and representatives from the governing body of Brazilian ports, Antaq, recently came together as part of a working group to look into ways of re-modelling Santos to enable it to handle more cabotage containers.
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Strikes disrupt Chilean ports
Month long strikes by dockworkers at the Chilean ports of Lirquén and Iquique have cost millions in lost cargo handling revenue.
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No second Montevideo box terminal
The government of Uruguay has decided not to go ahead with a second container terminal at the port of Montevideo. The tender for the facility was cancelled a year ago and in its place, a new port at Puntas de Sayago, to the east of Montevideo, is being considered for ...
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Venezuela hikes port charges
Ports in Venezuela introduced a series of new port taxes in June, some with a 300% hike.
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Multi-purpose terminal for Mazatlán
The Mexican port of Mazatlán has issued a tender for a multipurpose terminal as a means of boosting throughput at the port, which fell by 6.2% in the first four months of this year.
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Karaikal heads for second round funding
Karaikal Port Pvt Ltd is to undertake a second round of private equity funding to raise $50m, with Ascent Capital Advisors India already undertaking due diligence.
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Tauranga merger talk dampened
Port of Tauranga chief executive Mark Cairns has advised his company has had no recent approach from Ports of Auckland or its shareholder, the Auckland Council, on the possibility of merging.
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Adani challenges JNPT bid ban
Adani Enterprises, which has been forbidden to bid for the fourth container terminal at JNPT, has sought to overturn the ruling in the courts.
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NewsAre you taking the TWIC?
Back in the early days after the attrocities of September 11, 2001, one of my business ventures was the recipient of a Round 1 Port Security grant from what became the TSA, the body behind the TWIC ID scheme.
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Vilagarcía container terminal subsiding
Vilagarcía Port Authority in north-western Spain has declined to comment on the subsidence of part of its container terminal.
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Indian ports to issue bonds
Cochin, Kolkata, Ennore and JNPT are seeking permission from the government to raise funds using tax-free bonds.
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DP World court stay protects Chennai tariffs
DP World has won a temporary stay against a proposal by India’s port regulator, Tariff Authority for Major Ports to reduce tariffs at Chennai Container Terminal, a DP World-managed facility.
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Eilat’s hot property
Israel’s Eilat, the first national port to be privatised, has attracted bids from 17 companies. The only known international port operators involved in the process are APM Terminals and SSA Marine, with the vast majority of other interested parties Israeli. The port handles 6% of the country''s foreign trade.
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Outer Harbour stalls at La Coruña
The Spanish port of La Coruña has run out of money and cannot finance additional work on its outer harbour extension, where costs have almost doubled to €750m ($1.1bn).
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NewsTime for change
Carly Fields talks to Maersk Line about its drive to overhaul shipping and ports as we know it
