Latest News – Page 1097
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ETHIOPIA SEEKS PORT AT BERBERA
Officials from the landlocked state of Ethiopia have begun negotiations with the government of Somaliland regarding the use of its Red Sea port of Berbera.
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Auckland Ports acquired by ARH
Ports of Auckland is to return to full public ownership following the US$117.5m takeover bid of Auckland Regional Holdings (ARH) surpassing 90% acceptance. As a consequence, the statutory entity of the Auckland Regional Council can now enforce compulsory acquisition of the outstanding 10% shareholding of New Zealand''s largest port company.
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Shanghai selects investor short-list
Shanghai Port Authority has drawn up a shortlist of companies interested in investing in its Yangshan Port development. Those selected from the original list of more than 20 companies include Hutchison Port Holdings, Cosco Pacific, P& O Ports, APM Terminals and Modern Terminals/China Shipping.
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DPI CRACKS DOWN ON UNETHICAL PRACTICES AT KOCHI
The Indian subsidiary of DPI, India Gateway Terminal, which is operating the container terminal at Kochi port, is taking legal action against alleged unethical practices which include bribery. A worker accused of accepting bribes from a clearing agent has already been suspended.
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JNPT now handling 50% of Indian box traffic
Jawaharlal Nehru Port (JNPT) reports that it now handles more than 50% of India''s container trade. However, construction of the third container terminal and plans to build a fourth mean the JNPT is also due to become a major regional hub.
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Chinese ports not over-doing capacity
China''s Communications Minister Zhang Chunxian has rejected suggestions that the country''s major port expansion programme will create a capacity glut. He noted that the building programme would simply meet future demand whilst easing congestion at existing facilities. He also noted that some ports cannot be upgraded and therefore new ports ...
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DPA TOOLS UP FOR 14,000TEU SHIPS
Nevertheless in the meantime, infrastructure bottlenecks are creating major congestion.Dubai Ports Authority's (DPA) executive director of operations, Mohammad Majid Bin Theniyah, noted recently that the addition of new berths at Jebel Ali Port would allow Dubai to accommodate ships of 14,000 TEU capacity and beyond. This was prompted by the ...
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BENIN NEGOTIATES WITH DPI
Nevertheless in the meantime, infrastructure bottlenecks are creating major congestion.The West African state of Benin is understood to be negotiating with Dubai Ports International (DPI) in respect of a management contract to operate its ports and Customs facilities. However, this will initially require a threemonth study by both DPI and ...
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Singapore uses bond issue to grow
A US$302m bond issued by PSA Singapore Terminals'' operator the PSA Corporation, is expected to raise capital expenditure for expansion plans and refinance an Augustmaturing US$500m bond.
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TRINCOMALEE IN THREE-PHASE DEVELOPMENT
Sri Lanka Ports Authority (SLPA) has announced a three-part strategy to redevelop South Asia''s largest natural harbour at Trincomalee. Available land will be divided into three distinct zones. One of these will be used for leisure development while a second is earmarked for use as an industrial park, providing space ...
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Hong Kong plans on hold
Hong Kong legislators say environmental damage might occur if a container terminal is built off Tai O and would contravene the principle of nature conservation stated in the Concept Plan for Lantau Island. The project will have to wait for the results of an ecological study which will take at ...
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Clean-up craft devours cars
A scheme to clean up the UK''s River Tyne has celebrated the launch of two new vessels. Local children were tasked with finding a name for the larger debris collection vessel and the winning students chose the name " Clearwater" .
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Royal Haskoning to carry out Teesport EIA
PD Ports has appointed Royal Haskoning to carry out an Environmental Impact Assessment (EIA) for its proposed deepsea terminal at Teesport, including the preparation of a construction and engineering report on the brownfield site.
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RSPB swoops on Bathside
The UK government''s go-ahead for a deepsea container port at London Gateway (Shellhaven) on the Thames should mean that Bathside Bay is reprieved, the RSPB says.
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Libra in crisis negotiations with Codesp
CEO Sergio Kano, says: "The new container handling equipment will boost SCT's crane capacity twofold. The fully erect delivery was an important consideration in the selection process. SCT is experiencing massive growth and every portion of our terminal is utilized for container operation with little space for erecting cranes."Santos multipurpose ...
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What went wrong?
CEO Sergio Kano, says: "The new container handling equipment will boost SCT's crane capacity twofold. The fully erect delivery was an important consideration in the selection process. SCT is experiencing massive growth and every portion of our terminal is utilized for container operation with little space for erecting cranes."A taskforce ...
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THE HONDURAN WHISTLE-BLOWER
A local businessman in Honduras has revealed that the government is trying to force the national parliament to allow two groups based in El Salvador and Mexico to take over the running of the country''s ports.
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Santos the winner in federal handout
Brazil''s seven largest ports will receive US$263m of federal investment in infrastructure this year. The money is earmarked to finance improvements to road and rail links, deepen the draught in access channels, build new access roads and acquire new equipment. Those ports benefiting will be Rio Grande, Itajai, Sao Francisco ...
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PierPass controversy
The off-peak PierPass programme designed to shift Los Angeles and Long Beach port cargo operations to nights and Saturdays has commenced, but the controversy promises to rage on. Residents living near the ports are concerned about night-time noise and pollution, while smaller exporters in particular fear the scheme''s impact on ...
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GRAIN TERMINAL ON TRACK
Of the total, Santos will receive US$59.32m, which is 600% higher than money allocated in 2004. Much of this is allocated to the construction of a perimeter road to serve the 16km of quay in the port, where the aim is to reduce congestion currently afflicting the port and surrounding ...