Latest News – Page 1016
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News
Northport to invest in new facilities
Port Klang terminal operator Northport is to spend $152m over the next two to three years on expanding existing facilities, including the construction of a 350-metre container berth that will boost the existing amount of quay given over to this activity to 3,600 metres.
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Barents Sea port goes international
The Russian port of Varandey, located on the Barents Sea, is to be opened to international maritime traffic. This follows requests from the local authorities and from various institutions within the Russian Federation.
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Russia growth prediction
According to Russia''s Federal Agency of Marine and River Transport, throughput at ports in Russia is forecast to grow by 10%-12% during 2008. By 2015, overall volume of cargo is expected to reach 700m tonnes, which compares with the 450m tonnes handled in 2007.
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Tarragona container attracts DPW
ZIM and DP World have presented a joint offer to the Spanish port of Tarragona to operate a container terminal in the expansion area. The former will hold a 40% stake in the business and the latter one of 60%.
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Manila gets new equipment
International Container Terminal Services (ICTSI) recently acquired new equipment for it''s leading port in Manila, Philippines.
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NewsHot spots on show on CCTV
A port surveillance camera combining thermal and charge-closed device sensors promises high quality images in daylight, total darkness, through fog and most obscurants, according to the manufacturer.
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NewsHK Port operator braves cooler market
China Merchants Holdings International, the Hong Kong-listed port operator, has launched a five and 10 year dollar bond, braving some rough conditions in the international markets.
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NewsDryports can play vital role
A ground-breaking ¢ 4.8m ($7.5m) European project is to examine the role that "dryports" can play in maximising the capacity and efficiency of sea ports, while also shifting traffic off the roads and on to rail or inland waterways.
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NewsGeorgia gets ahead of the game
Georgia Ports Authority has converted its fleet of yard cranes, trucks and other equipment to cleaner-burning ultra-low-sulphur diesel (ULSD) and cut emissions by an additional 10% - two years ahead of federal mandates.
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Throughput disappearing at Ust-Danube
Ust-Danube port in Ukraine reported losses last year of around $3m, as a result of a 71% decline in throughput to 75,400 tonnes in 2007 and one of 59% during the previous year.
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India cash for Burma
India has signed a $120m agreement with the government of Burma (Myanmar) to build a port and transport system. India continues to make significant investments in its neighbour''s infrastructure.
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NewsNew lines stack up for Bromma
Bromma has unveiled two new spreader lines with an emphasis on green and mobile solutions.
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NewsLoyalty is key in insurance sector
Tim Kyd has spent all of his career placing marine liability risks - an area where personal continuity of service and corporate loyalty is highly valued.
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PS Opinion piece
This is the 50th issue of Port Strategy and as there isn''t room here to list an "anything-to-do-with-50" ranking, I thought I would list my likes and dislikes of the port business until space runs out.
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NewsMay issue- US East Coast Ports
Downplaying talk of a ''slowdown'', US east coast ports still have much to look forward to, as Barry Parker finds out
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NewsA green future beckons
Across the US, environmental sustainability has found its way into the business plans of all transportation businesses, including port operations.
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NewsInsurance flourishing amid container revolution
Underwriters and brokers have finally achieved a stable market for high-value risks, writes James Brewer
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Ust-Luga terminal planned
Asia Invest LTD (Kazakhstan) has signed a memorandum of interest with Ust-Luga OJSC to build a general cargo transhipment terminal at the Russian Baltic port of Ust-Luga. This 4m tonne capacity facility will require investment of $293m, with the initial phase scheduled to commence operations by 2012.
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Colombo South on schedule
The Colombo South expansion project is on schedule to open on time, according to Sri Lankan Port authority chairman Saliya Wickramasuriya. The breakwater is alone is costing $400m, as will the first container terminal to be built in the new area.
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DP World buy-back
DP World is to ask its shareholders for approval to buy back 581m of its shares. At the same time, it is considering issuing securities totalling $553m, equivalent to one third of its existing share capital.
