Latest News – Page 1139
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News
BCT phase I complete
ICTSI' s Baltic Container Terminal (BCT) has been shopping for equipment to complete the first phase of its 15-year, $80m expansion programme. The list includes one Panamax ship-to-shore crane from Kone, four RTGs from Kalmar and eight prime movers also from Kalmar.
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Arica concession on the block
Empora, the port company which manages the Chilean port of Arica, has received expressions of interest from four operators interested in assuming management control of berths 1 to 5 at the port.
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Opportunities on hold following hung parliament in Phnom Penh
By any standards, port operations in the Cambodian capital of Phnom Penh, located on the confluence of the Tonle Sap and Mekong rivers, are low key. But that has not stopped port authority director Hei Bavy from outlining an ambitious strategic plan for the future.
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NewsSokhna development on track
Vopak-Horizon Fujairah Limited, (VHFL), a joint venture between Holland''s VOPAK and Horizon Terminals Limited (HTL), a wholly-owned subsidiary of Emirates National Oil Company (ENOC), has struck a joint venture with Egypt''s Sokhna Bunkering Company, (SONKER), with the aim of building a bulk liquids terminal at Sokhna Port, 40 km south ...
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Iraq cranks up oil exports
The Al Amaya oil terminal in southern Iraq, which was effectively destroyed during the war with Iran, is currently exporting 400,000 barrels a day from two reopened berths.
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Iquique Terminal in expansion mode
Iquique Terminal International (ITI), which began a 20-year management concession of the northern Chilean port in 2000, boosted net profit by 109% in 2003 to $1.28m.
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Kandla box terminal project losing steam
The US$46m container terminal project at the Indian port of Kandla, currently the object of a third BOT concession attempt, has attracted interest from just five local companies.
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NewsYICT loan facility finalised
Yantian International Container Terminals (YICT) has signed a $423m 5-year term loan facility with a consortium of banks. According to the Facility, the consortium which includes Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and China Development Bank, will provide YICT with ...
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NewsAPMT to manage Aqaba
APM Terminals has signed a two-year agreement to manage and develop Aqaba Container Terminal (ACT), Jordan''s only box-handling facility, which registered a throughput of 320,000TEUs in 2003. This award was almost certainly prompted by shipping lines levying congestion surcharges on containers offloaded at the port. Those arriving from the Far ...
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San Vicente gets IFC loan
The International Finance Corporation (IFC), the private sector arm of the World Bank, will provide a $15m loan to San Vicente Terminal Internacional (SVTI) which operates Chile''s SanVicente port, specialising in forest products and containers. In 2003, the port handled 3.4m tons of cargo (60% of which was forest products) ...
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NewsIraqi five-port tender delayed
US authorities in Iraq have issued a new tender for the management and development of five ports; an earlier tender had to be withdrawn since it proved to be insufficiently comprehensive to allow companies to bid. DPA, APM Terminals, P& O Ports and a Kuwaiti/Iraqi joint venture are all short-listed ...
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Callao needs investment now
SVTI was awarded a 15-year concession in 1999 to rehabilitate, expand and operate the port. SVTI is a 50/50 joint venture between Carrix, Inc. and Sudamericana Agencias Aereas y Maritimas S.A.Jose Luis Guerola, the new president of Peru's national ports authority, APN, has emphasised that his priority task is to ...
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Suape changes ownership
Ownership of the Brazilian port of Suape is passing from the central to the state government, although it will remain a common user facility.
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New ship unloader at Recife
Bunge Alimentos of Brazil has brought in a new mechanical ship unloader at the port of Recife to speed up the discharge of wheat from Argentinean bulk carriers.
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Tuticorin takes new look at hub status
The so-called Portalino is being operated by Fertimport, the state's leading grain handling stevedore. Following a trial period, the unloader has been able to achieve handling rates of 300 tonnes per hour, three times that previously reported in the port using either fixed and/or mobile pneumatic unloaders.PricewaterhouseCoopers and Ernst & ...
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Johor shows its mettle
The so-called Portalino is being operated by Fertimport, the state's leading grain handling stevedore. Following a trial period, the unloader has been able to achieve handling rates of 300 tonnes per hour, three times that previously reported in the port using either fixed and/or mobile pneumatic unloaders.Johor hopes its volumes ...
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NewsTHE SHORTER THE VOYAGE THE MORE LIKELY THE VIABILITY
It''s the familiar trickle-down effect. Trade grows. Ships get bigger to gain economies of scale. Hub ports order bigger quay cranes to work the bigger ships. Meanwhile smaller ports are growing and also have to accommodate bigger ships - either as feeders or direct callers - so they too need ...
