Latest News – Page 838
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News
DP World trading on LSE
DP World has started trading on the London Stock Exchange. The company explains that there was no new capital raised as part of the listing as the aim was to provide an additional platform to help attract a broader range of investors. DP World shares will also continue to ...
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Hurricane season reports
While BOEMRE’s “extreme weather warnings” are primarily aimed at the oil and gas industry, the reports on the 2011 Atlantic Hurricane Season have relevance for other infrastructure bodies.
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Cargotec confident worst is over
Having revealed that it was hit “quite severely” by the recession, Harald de Graaf, executive vice president Cargotec EMEA, is confident that the industry is now firmly in recovery mode.
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Investors hungry for Magampura
Some 13 investors have submitted project proposals for new ventures at the port of Magampura in Sri Lanka. These are expected to generate revenue of $1bn and include cement grinding, warehousing, sugar refinery, petrochemicals, fertilisers and others.
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NewsAn Indian first
International Container Terminal Services Inc (ICTSI) has entered the burgeoning Indian container market in an innovative way.
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NewsGetting ready for growth
The Port of Bristol, which has just taken on ten new apprentices, has its own in-house training facility. It is also planning ahead; the port’s proposed deepsea container terminal will create 500 jobs.
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Council quashes Tarakohe proposal
A marine farming industry proposal to fund commercial development of Port Tarakohe, located at the northwestern tip of the South Island, has been labelled “one-sided” by the Tasman District Council.
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MMX to undertake IPO
Brazil''s Securities Commission has given the MMX mining company authorisation to undertake an initial public offering to acquire PortX, which owns the assets of the so-called Sudeste super port. PortX was created by the partial break up of LLX, which is the logistics subsidiary of EBX. In total, the IPO ...
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Lithuania seeks port investment
Lithuania''s Transport Ministry has confirmed that it is seeking investors willing to participate in the construction of a new deep water port, which will be taken forward as a concession.
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Cosco takes fresh look at port investment
The chief executive of Cosco has revealed that the company may well resume its investment in ports.
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NewsControversial Eilat port privatisation snowballs
Despite ongoing discussions with disgruntled unions and opposition from the Ministry of Defence, Israel’s Eilat is to be sold by the state at a cost of $29m.
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NewsAdding up the costs
High labour productivity and high flexibility often come at a high price. Felicity Landon reports
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Ex-Patrick boss investment
The former head of Patrick Stevedores, Chris Corrigan, has moved closer to re-entering the Australian ports business. His company Qube Logistics is to pay A$106m (US$115m) to buy DP World’s stake in POTA Holdings, which provides road and rail services to ports and also operates full and empty container parks.
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Toll considers fresh investment
Former ports investor Toll Group says it will consider new acquisitions after securing a three-year, US$400m facility from its bankers. The financial arrangement gives the group flexibility and supports its planned investment in growth via both capital expenditure and acquisition.
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Costa Rica development gets green light
Construction of the contested new container terminal in Costa Rica’s Limón province has been pegged for an early 2013 start.
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NewsGet unions on side early
At Portland, Oregon on the West Coast, new Terminal 6 operator, ICTSI of the Philippines, specifically set out to get the ILWU on its side and discussed the operation with local union leaders.
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Santos Brasil boosts all-electric RTG order
Santos Brasil has upped its order for Kalmar’s E-One2 rubber-tyred gantry cranes, taking the total order to 41 units.
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NewsHedland development plan unveiled
BHP Billiton is seeking government approvals for the comprehensive development of its outer harbour facility in Port Hedland, which includes landside infrastructure and marine development.
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LA/LB press ahead with developments
Long Beach and Los Angeles ports are to press ahead with a series of expansion projects.
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Sweden to offer cold ironing discounts
Sweden has been given the go-ahead by the European Union to reduce port tariffs for those vessels making use of cold ironing when docked in the port. The rationale is that by not making use of on-board engines, the environment of the port will be improved. The measure will be ...
