North America – Page 81
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ORIENT TO ABANDON NORTH AMERICA
Hong Kong-based Orient Overseas (International) Ltd is to sell terminals it operates at Staten Island New York, in New Jersey and two in Vancouver, raising an estimated $1bn.These are expected to generate $107m in earnings during the year.
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HAMILTON SECURES LAND
Hamilton Port Authority has snapped up Stelco''s Inc Rod Mill, in a deal that includes 103 acres of waterfront property.
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SAVANNAH SALES FOR KONE CRANES
Georgia Ports Authority has splashed out more than $50m for four super post-panamax ship-to-shore container cranes and 15 all-electric RTGs from Konecranes.Deliveries will start in the spring of 2007 and continue until April 2008.
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DPW ARGENTINE EXPANSION
DP World is to invest $100m to expand terminal facilities at the port of Buenos Aires, where it is the managing partner of Terminales Rio de la Plata. Not only is the stevedoring group looking at investing in a new mega-port project in the country, it will also be investing ...
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Immense interest in P&O Ports' US terminals
Around 100 companies have declared an interest in terminal assets held by P& O Ports in the US.
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NewsTacoma bond issue
The Port of Tacoma has issued $100m in revenue bonds with an effective fixed interest rate of less than 4%.
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P&O NA teams with Tideworks
Tideworks Technology has announced the successful deployment of its container terminal management suite with P& O Ports North America in Tampa, Florida.
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Americas sustain containerport throughput
Globalisation and the rise of China as the world''s manufacturing centre have accelerated containerport demand in the Americas in recent years, according to a study from Ocean Shipping Consultants Ltd.
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Santos concession provokes outrage
A local councillor in the Brazilian city of Santos has criticised the decision by the local port authority to award an area of 80,000 sq m on the left bank to incumbent container terminal operator Santos Brasil without going through the process of an open tender.
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Take the next dance with Charleston
The port of Charleston expects to receive clearance to construct a new 1.4m teu capacity container terminal before the end of the year at the former Charleston Navy Base.
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NewsMaersk Line signs to GPA
"We're expecting the permitting process to be cleared in November, " says Byron Miller, director of public relations at South Carolina State Ports Authority.The world's largest container liner Maersk has signed a 20-year agreement with Georgia Ports Authority (GPA), with the inclusion of a 10-year renewal option to allow for ...
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Inchcape to double up by 2010
Inchcape Shipping Services (ISS), the world''s largest privatelyowned marine management services company, is planning to double its business by 2010. The company was acquired earlier this year by the Dubai Government-owned investment group Istithmar PJSC following ISS being put up for sale by its parent Electra Investment Trust Plc. Initially, ...
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Savannah growth
The Port of Savannah handled 173,415TEU in the month of April 2006, a 12.7 per cent increase over the same period last year.
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NewsCartagena seeking regional hub status
The Colombian port of Cartagena handled 549,860TEU last year and is anticipating growth in 2006 of more than 150,000 additional containers. This is due to the arrival, in March, of a new Asia-Caribbean service operated by Maersk with 5,000TEU vessels.
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NewsSantos develops huge expansion programme . . .
Santos Port Authority (Codesp) is to develop a major new operating area at Barnabe Bagre as a public-private partnership in tandem with the Federal Government. This will expand this particular zone of the port to 6 million square metres incorporating no fewer than 50 berths.
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. . . and operators add equipment
The main container terminals at the port of Santos intend to increase their productivity this year through the purchase of new cranes financed through tax breaks made available by the government.
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NewsWildlife habitat preserved in Tacoma
Expansion of facilities at Tacoma may be creating thousands of jobs, but it is also benefiting wildlife.
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NewsEverglades eco plans
Balancing economic growth with ecological concerns is never easy - this is the challenge discussed by Broward County Port Everglades Department staff, approximately 60 Broward County residents and environmental experts, looking to generate ideas about how the South Florida port can further its environmental stewardship. Participants in the Environmental Workshop ...
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NewsOperator sought for Cape Fear River
North Carolina State Ports Authority is seeking one or possibly two companies interested in building a new container terminal on Cape Fear River in Brunswick County.
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No shortage of interest in P&O
Following the political outcry in Washington over P& O''s change of ownership to Dubai''s DP World, both trade and private equity buyers have already expressed interest in P& O''s US port assets that are once more up for grabs. Some industry sources put the likely value of the company at ...
