Latest News – Page 1099
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News
CHENNAI FAVOURS PSA CONSORTIUM
The PSA/Sical Logistics consortium is all set to be awarded the concession to build and operate the second container terminal at India''s Chennai port.The consortium''s 45% revenue share bid is the second highest ever made for a port project in India.
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CHINESE SNIFFING AROUND BARRANQUILLA
The Chinese government has expressed an interest in the port project being developed at Barranquilla in Colombia on the western bank of the river of the same name.The port will handle exported coal from the Caribbean coast and interior.
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ZAO RETURNS TO KONE
St Petersburg''s ZAO First Container Terminal has returned to Konecranes for two panamax ship-to-shore container cranes, to be delivered at the end of 2007 under a ¢ 10m order.
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All talk at Kochi as voice response system is installed
Rajiv Gandhi Container Terminal operated by India Gateway Terminal, has introduced an Interactive Voice Response System,linked to SMS and the tracking of containers via the internet.
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NewsLiebherr fixes sights on Indian subcontinent
Liebherr is looking to build on its position on the Indian subcontinent, keen to be involved in one of the fastest growing economies in the world, which is increasing by 6% a year on average.
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Japan Y22m commitment to support Sri Lanka projects
The Government of Japan has pledged a sum of Yen 21,559m to Sri Lanka under its Official Development Assistance loan scheme in support of development efforts of the country, including the first phase of the Galle Port Development Project.
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NEW TERMINAL FOR SOUTH KOREA
The South Korean port of Pyeongtaek is to build a new private container terminal. The work, which will be completed in 2009, will cost $143.1m.The terminal will be equipped with three quay cranes and have an annual capacity of 375,000 teu.
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MACQUARIE BUYS TERMINAL STAKES
Hanjin Shipping is to sell a 40% stake in six of its container terminals to Macquarie Korea Opportunities Fund. The facilities involved are at Seattle, Long Beach in Oakland in the United States; Tokyo and Osaka in Japan; and Kaohsiung in Taiwan.The cost of the transaction is $252.1m.
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GUANGZHOU DEVELOPMENT AGREEMENT
APM Terminals has entered a joint venture agreement with Cosco Pacific to develop and manage the second phase of the container terminal at the Chinese port of Guangzhou. The port authority will also participate in the management company. The new facility will be operational by mid-2007 and have an annual ...
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COSCO FORMS MANAGEMENT CO
Cosco Ports (71.43%) has formed a joint venture with Quanzhou Port Container Company (28.57%), to be known as Quanzhou Pacific Container Terminal Co Ltd. The company will manage a four berth container terminal in Shihu Harbour, as well as overseeing construction of a fifth berth for containers and a multipurpose ...
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Rosneft commits Tuapse funding
The Russian port of Tuapse is to receive investment of more than $2bn from oil pipeline operator Rosneft, which intends to use the port as its main export outlet.
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Kalmar stakes claim in Thai success
Port equipment supplier Kalmar has broken new ground in Thailand, with more than 20 of its RTGs in operation in the country''s ports.
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NewsHIT smashes through 100m teu barrier
Hongkong International Terminals celebrates the 100m teu handling mark, a world record for Hong Kong''s busiest port. Guest of honour Stephen Ip, Secretary for Economic Development and Labour Bureau (middle),joined John Meredith, group managing director of Hutchison Port Holdings (left) and Eric Ip, managing director of HIT (right) in commemorating ...
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NewsPorts on investors' radar
The "deal machine"for ports is finally gathering momentum. Mike Mundy reports on what''s hot and what''s not
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NewsICTSI signs for $120m "war chest"
International Container Terminals Services Inc (ICTSI) has signed a $120m Standby Credit Facility with a consortium of banks led by ABNAMRO Bank N.V. The facility is designed to complement ICTSI''s expansionist ambitions.
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NewsBreakthrough for New Zealand ports as Tauranga and Auckland discuss pairing
New Zealand may be on the brink of finally embracing genuine port rationalisation after the country''s two major container gateways announced they are discussing ways in which the two companies can work together, including the possibility of a merger.
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NewsMooring Systems keen on Cavotec merger
Vacuum-mooring pioneer Mooring Systems has announced plans for a "reverse takeover" with its Dutch business partner Cavotec to form a top- 50 New Zealand-listed company.
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WATERFRONT STADIUM PLAN SLAMMED
New Zealand''s transportation industry has been scathing of a suggestion by Rugby World Cup Minister Trevor Mallard that Ports of Auckland''s Axis Bledisloe container terminal could be used to develop a stadium for the 2011 event. With an upgrade to Auckland''s Eden Park priced at about NZ$300m, the Government has ...
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TAURANGA MAINTAINS LEADING EXPORT STATUS
Statistics New Zealand has confirmed Port of Tauranga is the country''s leading export port, with a total value of goods annually exported of NZ$7.3bn (up 2.8% for the financial year) and annual volume of goods exported of 6.1m tonnes (down 3.3%).
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NZ shipping strategy gathers support
Introduction of a national ports policy and development of relevant port infrastructure to support an enhanced coastal shipping operation are key components of the New Zealand Shipping Federation''s draft maritime transport strategy.
