Latest News – Page 1076
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Empty congestion: what in the World is going on?
Let me start with an apology. I just cannot get away from the subject of port congestion. The most recent problems have been caused by weather, labour relations (or rather the lack of them) and empty containers. There are also voices blaming the constant growth in containers coming from Asia.
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Troubles and tussles on Spain's Mediterranean coast
There are problems at the new Prat Dock container terminal under construction in Barcelona where Hutchison has secured terminal operating rights. Around 500m of the new quay line, that will eventually extend for 1,500m, has suffered a major structural problem putting into doubt the ability of the port authority to ...
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NOL QINGDAO PROJECT
Neptune Orient Lines of Singapore and Chinese partner the SITC Maritime (Group) have established a joint-venture to build and manage the new container terminal at the Chinese port of Qingdao to implement the concession it was awarded in 2005.
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VIETNAMESE PORTS NEED $3.7BN
Vietnam has said it needs $3.7bn to build and upgrade existing ports throughout its territory by 2010.Van Phong in Khanh Hoa province and Lach Huyen in Hal Phong city have been identified as the ports with the best growth potential.
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PORTEK SHARE SOLD
Stockholm-based Bromma Group has bought a 25% equity interest in Bromma Far East (Singapore) from Portek International, to give it sole ownership of the company.
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PTP KALMAR LINK
The Port of Tanjung Pelepas is to upgrade its rubber-tyred gantry fleet with Kalmar''s Fleetview fleet management system.Marking the first order for the system in Asia, the upgrade will be completed by April 2007 and will allow port control room staff to monitor the real-time positioning and efficient control of ...
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Chittagong embraces private sector
Saif Powertec Ltd has been awarded an exclusive cargo handling contract to manage Chittagong Container Terminal, bringing to an end the former stevedoring model previously preferred by the port authority. Initially, the private sector company will run the terminal as part of a pilot scheme, undertaking activities both on the ...
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Plans advance for Vallarpadam
DP World, container handler at the Indian port of Cochin, has submitted plans to the port authority for the proposed Vallarpadam transhipment terminal.
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Paradip builds two berths
India''s Paradip port is to issue tenders within the next three months for the construction of two new berths; one to handle iron ore exports, while the other will concentrate on imported coking coal.
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NewsMalacca Strait fund call
Japan''s The Nippon Foundation has spear-headed a call for a cost-sharing scheme to protect the future of the Straits of Malacca and Singapore.
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Riding the Malaysian transhipment wave
Ports in Malaysia posted a 12% volume increase last year in containers with a total of 13.6m teu handled, compared with 12m teu in 2005.
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NewsEasy money
Gift-wrapped cash suddenly seems easy to come by in the port sector with financial figures rising deal-on-deal. Barry Parker reports
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NewsLaw firm enjoys a rosy outlook on port finance deals
Chris Brown, partner at specialist law firm Norton Rose, has been in the thick of some exciting port-related finance transactions in recent years, including the Baltic Multi-Port project (at Helsinki, Kotka and Saint Petersburg), the Gdansk Containerport, and a sponsor-driven port project at Valencia, Spain. In the Polish transaction,Norton Rose ...
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NewsA buyer's market
Recruitment specialists in the ports and shipping industry say demand for good quality staff is clearly outstripping supply.So how best to recruit - and retain - staff? Felicity Landon reports It is,says Phil Parry,chairman of maritime employment agency Spinnaker Consulting,a buyer''s market.
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NewsWarm welcome
The advice from recruiters is don''t neglect new starters on their first day; they may not return for another, as Felicity Landon finds out
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Watch out, there are poachers about
Privatisation and concessioning of ports and terminals around the world is leading to a rapid increase in demand for both ex-patriot and local managers, says Steve Cameron, principal of Cameron Maritime Resources. "In a lot of countries - India, for example,where privatisation is moving ahead, there is a certain amount ...
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TYRE SHORTAGE CRISIS
A global tyre manufacturing shortage is forcing New Zealand container terminal operators to alter ordering patterns and even seek new supply lines to keep their large wharf machinery in operation.
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NEW ZEALAND INTERIMS
New Zealand port companies who have recently published financial results for the six months to December 31, 2006 include: Northport - NZ$7.5m (US$5.2m) after-tax profit (up 834%) and NZ$9.4m (US$6.5m) (up 217%); Port of Tauranga -- NZ$21.3m (US$14.8m) after-tax profit (up 56%) and NZ$73.7m (US$51.2m) revenue (up 20.7%); Lyttelton Port ...
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TAURANGA BOXES CLEVER
NZX service vessel Dolores was recently completely discharged at the Port of Tauranga by three cranes over a 23.2-hour period. The resulting 2064 container moves were completed at an average vessel rate of 91 moves per hour and average crane rate of 31.7 movers per hour.The world standard for crane ...
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PORT WALCOTT INVESTMENT
Mitsui Iron Ore Development is to invest $284m to increase the export capacity for iron ore at Australia''s Port Walcott, situated at Cape Lambert, rising from 55m tonnes to 80m tonnes a year.
