Latest News – Page 1038
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DP World calls off Australian merger
DP World has abandoned plans to merge its Australian subsidiary P& O Maritime Services with offshore oil services firm Mermaid Marine Australia. An agreement, which had been reached by both sides in December, would have involved a share swap, leaving DP World with a 60% stake in the joint company. ...
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Geelong considers intermodal freight options
The Australian city of Geelong is toundertake a detailed study of theimpact an intermodal terminal wouldhave in enhancing its freight anddistribution networks
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Newcastle policy reversal
Port Waratah Coal Services has asked the Australian Competition and Consumer Commission to approve a revised capacity balancing system for the port of Newcastle.
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NewsNorthern port merger in doubt
Competition lawyers believe New Zealand''s Commerce Commission will prove a difficult obstacle to any potential merger plans between the ports of Auckland and Tauranga.
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Melbourne prospects boost
A deepening project proposed for Victoria''s Port Phillip Bay has been given the thumbs-up by the treasurer of Victoria, John Brumby.
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NewsCavotec to launch share offer
A share offer in the range of NZ$25m (US$17.4m) to NZ$50m (US$34.8m) is expected from NZXlisted international company Cavotec MSL.
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Call for South Island freight hub
A "two islands, two hubs" solution is required to rectify "distortions" in New Zealand''s logistical and transport sectors, according to Canterbury Manufacturers'' Association (CMA) chief executive John Walley. Particularly incensed about the lack of a local roll-on roll-off option to Australia for companies based in the South Island, Mr Walley ...
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COLOMBIANS REVIVE URABÁ PROJECT
Revived interest is being shown in the construction of a new deep water port at Urabá, in Colombia. Spanish consultants Sener are due to produce a viability report within the next six months.
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MEXICAN CARIBBEAN UPGRADES
The Mexican Caribbean port of Quintana Roo, which is not administered directly by the Transport Ministry, is to spend $4.7m on modernising its Cozumel and Isla Mujeres quays.
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GOVERNMENT CHASES SANTOS CONTROL
The government of the state of São Paulo has requested that the central government cedes control of the port of Santos to it. However, any transfer must be free of the ¢ 288m ($383m) debt that the port currently has.
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VENEZUELAN BOX BLOCK
The government of Venezuela has recognised that there is a developing problem with stranded containers clogging the stacking yards of its box terminals, because of the difficulty some companies have in acquiring dollars at preferential rates.
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CAROLINA SAVI PARTNERSHIP
South Carolina State Ports Authority has extended an agreement with Savi Networks to introduce the company''s information service to three further container terminals at the Port of Charleston.The radio frequency identification (RFID) infrastructure installation aims to "automate visibility of RFID-sealed containers".
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Southern ports to follow in NY/NJ footsteps
US states Georgia and South Carolina have inked a landmark agreement to jointly develop a port in Jasper County, South Carolina.
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$1.5bn reserved for Panamanian ports
Panama''s Ministry of Commerce has indicated that planned investment of $1.5bn over the next eight years will effectively double national port capacity. In all, $200m will be used to expand the port of Balboa, while PSA has announced additional investment to build a new facility at Rodman.
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Altamira investment
Terminal Marítima Infraestructura Portuaria Mexicana, situated in the port of Altamira, is to invest $12m in new equipment to include a Liebherr post-panamax mobile harbour crane that can service 18 rows of shipstowed containers.
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Everglades sister act
Port Everglades has launched an International Sister Seaports program to encourage information-sharing relationships. The port reports that it has already registered interest from the Port of Olbia, located on the Italian island of Sardinia, and Shanghai,China over the past year.
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NewsNicaragua to invest at least $50m
Nicaragua''s National Port Authority is to borrow $50m over the next five years to invest in upgrading ports.
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NewsNo space for Tampico terminal
The proposed multi-purpose terminal at the port of Tampico is not viable, because it will increase congestion in the surrounding urban area, a heavily touristic area, local sources have said.
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TUI SELLS MONTRÉAL MAJORITY
TUI, owner of shipping line Hapag-Lloyd, has sold an 80% stake in Montréal Gateway Terminals to Morgan Stanley. The company acquired the initial stake after its buyout of CP Ships.
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BUENAVENTURA WINDFALL
The Colombian government has allocated $450m to the port of Buenaventura.
