Latest News – Page 996
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News
Chinese to fund Hambantota Harbour
The Chinese government has agreed to fund 85% of the $360m cost of building the new Hambantota Harbour in Sri Lanka. The loan will have to be repaid within 15 years at an interest rate of 0.9%, including a four-year grace period.
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NewsPorts must invest to meet demand, says PTP
Harun Johari, chief executive of Malaysia's Port of Tanjung Pelepas (PTP), has spoken out on the need for ports to invest in handling to meet mushrooming container trade.
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Ship and shore
A significant increase in the number of accidents threatening assets and environment has led to an increasing demand for the training of ship and shore personnel in the same exercise, says VTS (vessel traffic system) and VTS simulator specialist Transas.
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NewsShelf life
What is the shelf-life of a simulator? GlobalSim says the first crane simulator it sold is now over ten years old and was recently upgraded, with new computers, motion controller, projector and software installed. Many of the original components could be re-used, says Clyde Stauffer.
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NewsGame plan (please delete earlier version)
As new computer hardware and software technologies evolve, crane and material handling equipment simulators will continue to get more realistic, says Clyde Stauffer, vice-president of US-based GlobalSim. "We take major advantage of a lot of the technologies developed for the computer games industry. Specifically, as image generation hardware increases in ...
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NewsAnswering the 'what if' question
In training situations or in feasibility studies, simulators can provide answers to the "what if?" question. Felicity Landon reports on the latest trends
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NewsTighter belts
Global credit crunch and port finance provision tightens but the year still starts with some "new wave" deals, as Mike Mundy reports
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Whiplash, what next? (Viewpoint)
With "Wall Street whiplash" another phrase is coined to sum up the recent snakes and ladders effect taking place on Wall Street and mirrored on other stock exchanges around the world, not least the FTSE.
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Russians invest in Finland
Russian transport company Severstraltrans has bought a 50% stake in Finnish container terminal operator Multi-Link Terminals and Container Depot from Finland''s Container Finance Group.
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NewsBabcock & Brown continues acquisitions spree
The Australian company Babcock & Brown Infrastructure has acquired a 43% stake in the Belgian Westerlund Group, which has offices in the ports of Antwerp, Rouen, Marseille, Tilbury and the Chinese city of Changshu.
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NewsJICT container expansion continues
Hutchison Port Holdings is continuing to expand its Jakarta operation to meet the demands of customers such as APL, Maersk and CMA/CGM.
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NewsSmaller box terminal at Savona
The proposed Vago Ligure container terminal at the port of Savona being promoted by APM Terminals is to be "re-sized". The blow to APM comes after the proposal was referred by local authorities to Italy''s Environment Ministry.
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NewsHPH raises curtain on Mexican facility
HPH has officially opened its $244m facility at the Port of Lazaro Cardenas, Mexico.
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NewsChittagong ups fines on reefers
As a congestion-busting exercise, Chittagong Port authority has increased penalty rates fourfold for reefer containers remaining within the port for more than four days. The previous $9 a day charge has risen to $36.
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Lightening strike slows RBCT
It took Africa''s Richard Bay Coal Terminal two weeks to return to normal operations following a lightning strike at the end of last year.
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Green light for Ferrol phase II development
Ferrol-San Cibrao Port Authority has approved the second phase construction of its outer harbour extension.
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Legal challenge to quotas at Newcastle
Small mining companies in Australia are expected to challenge Newcastle port''s decision to allocate 2008 export capacity based on rail transport contracts. This follows the inability by all parties concerned to agree to a capacity system.
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Chiapas ups storage capacity
The Mexican port of Chiapas has almost completed construction of a $2.83m container storage facility, which is due to open by the end of January 2008. There will be 750 slots for empty containers and 84 for reefer boxes in the 2,000 sq m facility.
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News2008 box trade to grow by 8%
UK analyst, Clarksons Research Services, expects world container traffic will grow by 8% this year in tandem with a 12% rise in handling capacity.
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Ferrovial/Cyes scoop Prat contract
Barcelona Port authority has awarded infrastructure specialists Ferrrovial and Cyes the contract to rebuild the collapsed portion of the new Prat quay.
