Latest News – Page 902
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News
Tender issue for Boubyan island
Kuwait is to issue a tender for the development of a port on Boubyan Island, located at the entrance to the waterway leading to Iraq''s main port in the Gulf.
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Asciano heads to the market
Australian ports investor Asciano is looking to the market to raise A$2bn (US$1.6bn) in order to reduce a debt burden estimated at A$4.9bn (US$3.9bn). The company examined a range of sale and recapitalisation offers in the knowledge that A$2.7bn (US$2.2bn)-worth of the debt is due to be settled this financial ...
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New York developments
The port authority of New York and New Jersey (PANYNJ) has approved the lease extensions that will allow the operation and future development of its Howland Hook Marine Terminal on Staten Island. This means the 202-acre Howland Hook facility''s existing lease will be extended through to 2058.
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NewsSeller's need to wake up to today's lower prices
Those seeking to sell terminals to raise much needed cash will be operating in a buyers'' market.
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Terminal 75 out to tender
Kaohsiung Harbour Bureau is to issue an international tender for the concession to operate Terminal 75, which is to be vacated in August by Maersk. Previously, China Ocean Shipping group had been rumoured to have been offered a lease.
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B&B fund finds new identity
The part of Babcock & Brown that, among other interests, owns ICS Logistics, a leading operator of break bulk sea ports in Florida, Louisiana and Alabama, may have found a way out from under their parent company''s troubled shadow.
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Contract or expand?
The outlook for international port operators remains harsh but the economic downturn could soon presage a fresh wave of consolidation, reports Michael King
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Sierra Leone to privatise port authority
Sierra Leone Ports Authority is soon-to-be privatised by the National Commission for Privatisation. The commission has already concluded a survey and put together a written report, which has been discussed by all stakeholders. Employees of the ports authority are said to be supportive of such a move.
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DPW signs with Identec
DP World has chosen Identec Solutions for its radio frequency identification technology at its Australian terminals.
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Double whammy for Brazil's Vitoria
There has been a double dose of good news delivered for the Brazilian port of Vitoria as, firstly, the Espirito Santo state government has promised to invest Reais242m ($125.4m) in the port and then Ports Minister Pedro Brito promised that the Reais117m dredging programme would be the next in Brazil ...
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Break bulk cargo crippling Saigon
Limited capacity at Saigon port in Vietnam has led to unprecedented congestion of break bulk consignments. A maximum of 25 vessels can access berths at any one time and in recent months more than 15 vessels have been forced to wait at anchor for want of available slots. The Port ...
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DP World to sell equity stake as profits fall
Dubai-based private equity fund, Abraaj Capital, has been linked to a 15% stake in DP World, an approach that has been confirmed by the terminal operator.
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Government out of time on Farfán
Local sources claim that the proposed Panamanian mega-port of Farfá n will not now be implemented by the current government, which to date has been one of its biggest backers. Numerous attempts to build the port have been paralysed by a number of legal challenges.
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Deadline extension for Colombo South Harbour
Bidders interested in building and operating the South Harbour at the Sri Lankan port of Colombo have been given a deadline extension until July 15, to compensate for changes that were introduced to the terms and conditions. The initial deadline had been set at June 15.
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SP-PSA starts up with 'Alexandrite'
SP-PSA International Port, Vietnam''s first deep sea container terminal, has celebrated the official start of operations at its new terminal in Ba Ria - Vung Tau province with the arrival of the APL Alexandrite.
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Seven Kalmar forklift trucks for Greece
Kalmar has received an order for three Kalmar DCD250-12LB forklift trucks and four DCE180-9 forklift trucks for Thessaloniki Port Authority in Northern Greece.
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Auto mooring to aid bulk congestion
A piece of kit that could result in increased sailing windows at congested bulk ports is a new take on the humble mooring system, and Australia''s Port of Hedland has been quick off the mark in adopting the technology.
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NewsGraduates for APM leadership
Graduation ceremonies were held in May for the APM Terminals Magnum/Magnet leadership class of 2007 in The Hague, Netherlands.
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SSS terminal tender at Barcelona
Barcelona port authority is scheduled to issue a tender in respect of a new short sea terminal in the third quarter of this year, some 12 months later than originally planned. Expected to bid are two Italian operators: Grandi Navi Veloci and Grimaldi Ná poles.
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Port Said tariff incentives
Port Said Container and Cargo Handling Co has implemented a range of pricing discounts to encourage exporters, importers & investors to co-operate with its container terminal and dry port. The incentives include a 50% reduction in reefer power tariffs and 10 days free storage of import containers.
