Latest News – Page 928
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News
New multi-national box terminal in Russia
Russian, Chinese and North Korean investors are planning to open a new container handling facility at Primorskii Krai in Russia. The facility, which will eventually be able to handle 400,000 teu annually, will be built in phases.
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Russia to back Ust-Luga bonds
Ust-Luga Port in Russia is to issue state-backed bonds worth $695m.
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NewsNZ volumes down but boxes up
Forsyth Barr senior investment analyst Jeremy Simpson''s review of the annual reports of 11 New Zealand ports has revealed that total cargo volume comparably fell during the year despite a slight average increase in container throughput.
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New Baltic Sea NOx Study published
Annual ship emissions of nitrogen oxides in the Baltic Sea could be cut by around 270,000 tons by 2015 by the application of an emissions charge, according to a new study entitled "Market-based instruments for NOx abatement in the Baltic Sea."
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Hamburg needs to upgrade infrastructure
Companies using the Port of Hamburg have called upon the government to rapidly implement port facility expansions.
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Tauranga performance praised
A market report prepared by Morningstar research unit, AspectHuntley, has praised the Port of Tauranga for doing a "remarkable" job of returning a 7.3% increase in net profit after tax to NZ$45m (US$ 33.6m) during the recent global recession-affected financial year.
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Port of Kolding wins Danish Ports Initiative Award
Copenhagen...The award was given to a Danish Port that had taken an extraordinary initiative within sustainable development, environment, energy and climate.
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NewssTRATEGIST COPY
Just as the "old paths" in ship finance will not adequately meet future needs it is equally clear that the traditional banking sector will not be able to meet all the requirements of the international ports sector.
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NewsAPM Terminals
Port and terminal operators are looking for ways to take costs out of their systems and provide the most efficient service possible, says Allison Enedy, director of communications at APM Terminals Americas.
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Aden seeks more transhipment traffic
The Port of Aden is looking to expand its infrastructure to enable it to attract higher levels of transhipment traffic. The two existing terminals are managed by a joint venture between a state-owned company and DP World. Design work on the planned extension is begin in 2010.
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NewsPorts free of Dubai woes - almost
The ports industry released what must have been a collectedly-held breath when on Wednesday the Government of Dubai finally told investors that DP World and its debt "are not included in the restructuring process for Dubai World."
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NewsBio-energy tie-in for UK ports
It seems UK ports are increasingly floating themselves on a Green revolution. Last week the Port of Tyne signed a 10 year agreement to handle and store between 0.5 million and 1.4 million tonnes of biomass per annum.
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NewsSpanish and Portuguese ports 'worst EU performers'
Of all the European Union countries, ports in Portugal and Spain have reportedly fared worse in the current economic downturn, with traffic down 12.3% at the former and 12% at the latter in the last quarter of 2008.
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Tuxpan terminal tender issued
A container terminal tender has been issued by the Mexican Port of Tuxpan in the State of Veracruz.
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NewsCrane study shakes things up
Concerns around the vulnerability of container cranes to even moderate earthquakes has triggered a US-based seismic performance study which is due to take place this week.
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Responding to recession
The ports of Long Beach and Los Angeles have drawn up plans to eliminate the claiming process for cargo carried by clean trucks.
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DP World detects market stabilisation
DP World has detected stabilisation in the decline of container traffic - despite a 6% drop in traffic in Dubai for the third quarter of this year.
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NewsManzanillo win for ICTSI
ICTSI has just beaten the competition for the $771 million terminal concession at Manzanillo.
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Antwerp reduces dues
Antwerp Port Authority has frozen most of its dues at 2008 levels to combat losses and lend a hand to the struggling shipping industry.
