Latest News – Page 1094
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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.
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P&O PORTS GETS THE RUBB
Storage facility manufacturer Rubb Buildings has installed a new facility at P& O Ports Dundalk Terminal in Baltimore.
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NY-NJ wants in on DP World profit
The New York-New Jersey port authority has asked DP World for a "transaction or transfer fee", amounting to as much as $84m, as part of the $450m sale of former P& O ports assets in the state, news reports have claimed. But DP World spokesperson Mohammad Sharaf said: "They ...
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New tender for Guayaquil
The government of Ecuador has not ruled out launching a new tender for the concession to run the port of Guayaquil, while in the meantime it has commenced restructuring of the port authority both there and in the cities of Manta, Esmeraldas and Puerto Bolívar. Guayaquil, it is argued, needs ...
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Chile for China?
Doubts have been cast on the effectiveness of using Chilean ports to export goods from South America''s Atlantic coast to destinations in Asia. In part, this is because export cargo from Uruguay and Argentina is not as important as was previously thought.
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NewsSSA Marine switches to ethanol
SSA Marine has introduced a programme to reduce noise emissions from handling equipment at container terminals where it operates.
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NewsSting of success
Booming Brazilian trade has filled the country''s coffers, but port infrastructure works are now achingly overdue, as Rob Ward finds out
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Early doors
The opening of long-awaited Brazilian box terminal Navegantes ahead of schedule could be a breath of fresh air for the country''s congested ports.Rob Ward reports
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NewsCapacity drain
It is an interesting phenomenon of the 21st Century that the international container handling market has seen available containerport capacity dry up in so-called mature markets. It happened on the US West Coast and the UK in 2004, and arguably it is happening again now in northern Europe.
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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.
