Latest News – Page 1044
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Scanning partnership to improve security
Container radiation scanning specialist VeriTainer and shipping optical character recognition developer APS Technology have teamed up to offer high-tech box identification at ports.
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NewsLibra moots Santos investment increase
The Libra Group, Brazil''s leading port container operator, is looking to invest $12m in Terminal 37 at the port of Santos, which would also involve the acquisition of two quayside gantry cranes, each of which would cost $6m. In 2006, Libra ploughed $23m into the terminal in the form of ...
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Port wants to keep short sea discounts
Santos Port Authority (Codesp) has asked the Port Authority Council (CAP) to be allowed to keep offering 50% discounts for transhipment and cabotage traffic in the port for at least a further six months.
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NewsCrowning glory
A glistening future beckons as Shanghai proves its dominance in the port world. Wing Kah-goh reports
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NewsThe cover challenge
Swelling container trade and the consequent growth in terminals poses the greatest challenge to insurers today, as Mark Stanway finds out
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Taiwan has opened Qingdao terminal
Taiwan-based shipping line, Evergreen, has inaugurated a new $300m container terminal at the Chinese port of Qingdao. It will provide logistics support to vessels linking China, South Korea and Japan.
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NewsRoom for two
Undeterred by neighbouring Dubai''s bid to build a regional superport,Abu Dhabi is breathing new life into a decade-old port development plan. Alex Hughes reports
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NewsLocking on to labour
Buoyed by booming throughput,Antwerp has set its targets on modernising work practices. Felicity Landon reports
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Under watchful eyes
CCTV technology can offer everything from movement detection to automated number place recognition.But first,ports must make choices on monitoring levels,coverage and layout.Felicity Landon reports
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SECURITY BRIEFING
Port surveillance systems and equipment must be cost-effective, dependable, able to operate in potentially severe weather conditions in a maritime environment, require minimum maintenance and repair and have the availability of a prompt repair response when necessary. DSSL takes a closer lookCVSS's sister company, DSSL, has launched a CCTV system ...
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Mind your P's
The end of 2006 and very early part of 2007 saw industrial action in Europe''s ports on a scale that has not been experienced for some time. The last week of December saw action at Gioia Tauro - including a one-day stoppage and which slowed traffic and prompted substantial diversions ...
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NewsFighting the Last War
It is said that generals have a strong tendency to prepare for the war they last took part in. And marine underwriters are not so different in this respect. The last financially traumatic event tends to influence the current approach they take to risk. Post September 11, renewed attention was ...
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Crippling implications of US initiative
One of the more interesting announcements at the beginning of 2007 is that the opposition party in the US, the Democrats, are to fast track legislation which within three years aims to ban containers from entering the US unless they are scanned at source by US-installed equipment and fitted with ...
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NewsIs the great equity bubble about to burst?
Private equity firms and other non-public shareholder groups such as Dubai Ports World (DPW), have entered the global ports and terminals marketplace to drive up values in the industry. Perhaps the initial driving force was DPW when it entered the Indian market outbidding its rivals.
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Taking Stock
Time was when shipping lines used to divest terminal assets on the downside of the container boom and bust cycle.Nowadays,however,they have learnt a trick or two and as the recent OOIL disposal highlights they are not disposing of these assets on the downside, but on the upside and reaping the ...
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Learning Curve
It is interesting to note that an officer of Kenya Ports Authority has suggested that congestion problems in Dar es Salaam are worse than those prevalent in Mombasa, and that as a result privatisation may not be the right road for the Port of Mombasa to go down. He suggests ...
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ICTSI swoops on Shandong terminal
Global port operator International Container Terminal Services Inc (ICTSI) has bolstered its Asian port holdings with a majority share in a Chinese operator.
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China's bright star still shining
"China''s port industry shows a promising future", a recent report from Research in China has found. The study estimates that China''s port handling capacity will increase by 80% or more from 2006 to 2010 and by 2010 the annual handling capacity of Chinese ports will top 6bn tonnes. Container handing ...
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Klang and Incheon pool resources
Port Klang and Incheon Port have signed a Memorandum of Understanding (MoU) to improve trade, traffic and services between the two ports. Last year, Port Klang handled 22,000 teu from Incheon Port, a rise of 37.5% from 16,000 teu in 2005. Total throughput from South Korea was 142,000 teu in ...
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NewsOOIL terminal division sale awaits official seal
Hong Kong-based Orient Overseas (International) Ltd (OOIL) deal to sell its terminal division to Canada''s Ontario Teachers'' Pension Plan for $2.35m is awaiting approval from shareholders and competition authorities.
