Latest News – Page 871
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NewsNew Initiatives
Explore the initiatives that will have a bearing on your future environmental strategy
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Shipping experts explore nuclear power potential
A consortium of British, American and Greek interests have agreed to investigate the practical maritime applications for small modular reactors (SMR) as commercial tanker-owners search for new designs that could deliver safer, cleaner and commercially viable forms of propulsion.
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NewsSmit and Boskalis sign merger protocol
Royal Boskalis Westminster and Smit International have signed a protocol for a full merger of the two companies. The transaction will be executed through an all cash public offer of €60 exdividend (instead of cum dividend as previously anticipated) by Boskalis for all outstanding shares in Smit.
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NewsSnow forces UK port closures
Heavy snow and icy conditions have brought two of the UK’s main hubs to a standstill, with Southampton and Felixstowe both shutting up shop today.
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Callao terminal up and running early
The latest and largest container terminal on South America’s west coast has been officially opened, a year ahead of schedule after just over two years of construction work.
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Revenue up for Essar
The ports division of Essar Shipping Ports & Logistics Ltd has announced a revenue increase of 53% for the quarter, year-on-year.
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Antwerp introduces major investment programme
The port of Antwerp has unveiled a $2.2bn investment programme, which it will implement over the next 15 years. The amount is double its previous budget and aims to increase its competitiveness, as well as maintaining its position as Europe''s number two port. As from 2011, port dues will be ...
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Brazil’s u-turn on concession extensions
The Brazilian government has declared that it will not extend concession agreements signed by port terminals before the 1993 Modernisation of Ports Act in contradiction to a resolution passed by the National Waterway Transport Agency (Antaq) allowing such renewals.
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Paperless ports to boost Brazilian throughput
Brazil''s Ports Secretariat (SEP) is to tackle a lack of information, communications problems, non-registered documents and a lack of operational security at its ports.
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Port Botany racked with congestion
The new IT system at DP World''s Port Botany container terminal in Australia has been blamed for serious delays at the facility.
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FLAGSHIP box terminal optimisation win
FLAGSHIP, a consortium of over 40 partners in the European maritime industry, has implemented the first integrated real-time optimisation system to target congestion in container terminals.
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NewsTiming issues
Dalian, north China''s largest operator, is the latest port to test the murky capital financing markets with a listing on the Shanghai stock exchange.
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NewsUnlocking market value
MTBS offers a two-step approach for port authorities to maximise the use of private capital without losing control
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NewsGlobal funds win Brisbane lease
An investment consortium has won the right to a 99-year lease to operate the Port of Brisbane.
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Call for training standardisation
Captain Terry Hughes recently wrote a paper entitled “When is a VTS not a VTS?”, highlighting the differences between VTS and mandatory ship reporting systems around the world, and the variety of functions or bolt-on features any one of them might include.
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NewsMaintenance given short shrift in recession
Investment in ongoing equipment maintenance has slumped in priority during the downturn, according to an independent study of almost 200 port owners/operators, consulting engineers and contractors, conducted for Trelleborg Marine Systems.
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PSA-Sical challenges Tuticorin exclusion
PSA-Sical has approached India''s Supreme Court to overturn an exclusion on bidding for the concession to convert Berth 8 at the port of Tuticorin into a container terminal. Given that the company already operates an alternative facility in the port, it was excluded from any future bidding on monopoly grounds.
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Dalian prepares IPO
Northern China''s largest port operator, Dalian Port, is to undertake a $556m IPO, consisting of the sale of 1.2bn shares to its major shareholder, PDA Corporation, as part of a share placement. Citic Securities will underwrite the offering.
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Stevedores strike tarnishes French port reform
Industrial action has marred the introduction of the French ports law reform.
