Latest News – Page 1002
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Gladstone deals with dust
Gladstone Ports Corporation is to invest A$2.4m ($2.1m) in wind barriers around its coal stockpiles in an attempt to reduce dust escaping into the surrounding community.
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APM abandons Kaohsiung terminals
Kaohsiung Harbour Bureau has revealed that APM Terminals is to abandon one of the two container terminals that it operates at the port.
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China port deal
Chinese port operator Chongqing Gangjiu is to acquire the port assets of its parent company for $218m. The move is aimed at strengthening its finances and improving its profitability.
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DP Wold injects cash into Brisbane concession
DP World will spend A$250m ($219.4m) upgrading its Brisbane terminals after signing a 40-year lease agreement with the Port of Brisbane Corp.
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Nigerian concessionaires demand surcharge
Port concessionaires in Nigeria believe that they should be receiving the 7% surcharge levied on imported items that the government set up to develop port infrastructure.
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FESCO Vladivostok deal
FESCO transport group has acquired a 50% stake in Vladivostok Container Terminal, which it picked up after acquiring all of the shares of the National Container Company from the N-Trans group. The deal was worth $200m.
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DP World reaches into Aden
DP World and Aden Port Corporation (ACT) have signed a joint venture agreement allowing the former to operate container handling facilities at both Aden Container Terminal and Ma''alla Container Terminal.
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NewsBristol applies for HRO
Bristol Port Company has submitted a harbour revision order application and environmental statement to the government for its planned 1.5m teu deepsea container terminal.
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Guangdong's lucky eight
The city of Zhongshan in Guangdong is to invest $47.5m in a new port equipped with eight container berths, each capable of handling 200,000 TEU/year.
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Maersk departure hits Alicante
Maersk has withdrawn its South Iberia feeder service from the port of Alicante after just three months.
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Death at Lyttelton
Long-serving Lyttelton Port of Christchurch watersider Martin Sincock (55) was recently killed when a line snapped on the coal ship Devprayag while it was being moored at Cashin Quay.
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APM further cements Tanger commitment
APM Terminals in partnership with Morocco''s Akwa Group has been awarded the concession to operate Terminal 3 at Tanger-Med II, which has a capacity of 3m teu.
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Algeciras funds secure
Algeciras Bay Port Authority (APBA) has approved an investment package of ¢ 59m ($87.9m) to expand existing port infrastructure, including construction of the new Adosado terminal and reinforcement of Juan Carlos I quay.
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Brazil's ports industry in flux
The Brazilian Public Container Terminal Users Association (Abratec) is questioning the legality of having a private container terminal, Portonave, in the port of Navegantes, compete with the Port of Itajaí Container Terminal (Teconvi), which is a publicly owned facility.
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Oz port congestion improves
The Simpson, Spence and Young Australian Coal Port Congestion Index has dropped to 7.1 days, the lowest it has been since October 2006.
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The Alphabet Recession Scenarios and Irrational Exuberance
It used to be that recessions were linked to parachuting. Soft landings, hard landings, crash landings... The world is changing. Today there is not a day that passes without some new letter of the alphabet creeping into the economic recession language trying to explain the type, depth and length of ...
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NewsBarry Parker opinion Sept t 2008
The election season is in full swing; with the official nominating conventions, the "presumptive candidates" will become their parties'' true nominees. While analysts believe that it will be a "Democratic year", ie Barrack Obama could win, political campaigns have a habit of twisting, turning and surprising.
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New blood at Tarragona
DP World (60%) and Zim (40%) have bought Tarragona container terminal operator Contarsa, which is currently handling 150,000 teu.
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'Emergency' call in Costa Rica
Users of the Costa Rican ports of Moín and Limón have called on the government to declare a state of national emergency for port operations.
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Blanca deal sealed
A $150m contract has been signed to build a multi-purpose terminal at the Argentinian port of Bahía Blanca.
