World News – Page 101
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NZ government closes in on Auckland
The New Zealand government has confirmed its next step in light of Cabinet’s position that freight operations in Auckland are no longer viable.
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Trade war hits Californian port
Cargo volume dropped 3.5% in November at the Port of Long Beach as restrictive tariffs continued to affect the national supply chain.
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UK port operator in “major restructure”
A big UK port operator has confirmed it is in the “process of a major restructure” involving compulsory and voluntary redundancies.
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DP World Sokhna enters trilateral partnership
DP World Sokhna recently entered into a trilateral partnership to serve as the hub for all construction material imports needed to build the central business and financial district of Egypt’s new administrative capital.
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Port corporation denies market power misuse
A port corporation in Australia has denied it has breached competition law after the Australian Competition & Consumer Commission (ACCC) started legal action against it in its first case taken under the amended misuse of market power provision.
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US100m container expansion project begins
A global terminal operator has initiated the circa US100m second phase expansion of its terminal in the Democratic Republic of the Congo (DRC).
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CAD$300m for port project
Canada Infrastructure Bank (CIB) is committing up to CAD$300m in financing for a new container terminal in the country.
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Study reveals cost of closing Auckland’s port
A new study has revealed the cost of closing the Port of Auckland following the publication of two economic reports which the Ports of Auckland (POAL) said show that the idea of moving Auckland’s port to Northland is “seriously flawed”.
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“Serious threat” to fair competition warning
Feport has warned regulators about what it deems to be a “serious threat” to fair competition within the maritime logistics chain.
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NIRAS wins Tanzanian port masterplan contract
NIRAS is heading an international consortium that has just signed a deal with Tanzania Ports Authority for the strategic development of the country’s ports during the next 25 years.
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Port operator raises US$2.3bn for investment
A global port operator has raised US$2.3bn through bond listings in Dubai and will use the capital raised for debt refinancing and to fund growth opportunities with the goal of boosting its end-to-end logistics capability.
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TASMANIAN SHIPPERS HAVING TO SUCK UP COSTS
Tasmanian shippers are positive despite increasing infrastructure charges being applied by terminal operators, as Iain MacIntyre discovers.
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Indonesian port stake to be sold
A construction company is planning to sell its stake in an Indonesian port to fund new infrastructure projects.
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"Texas chicken" concerns in the Houston ship channel
The Port of Houston Authority''s commissioners voted to limit arrivals of container ships and shut down two-way traffic in the Houston Ship Channel. Gordon Feller investigates the impact.
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Sale of port assets to fund company takeover
A major shipping group plans to part-fund a company takeover through a sale of port assets.
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Auckland port report "seriously flawed"
Two new economic reports show that "the idea of moving Auckland’s port to Northland is seriously flawed," Ports of Auckland (POAL) has said.
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MONTREAL SUCCESSFULLY MOVES ON TO THE NEXT STEP
Continued growth is being accommodated with new capacity at Montreal. AJ Keyes discovers how the port is well-placed for future success.
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QUEBEC GOES DEEP TO TARGET US MIDWEST TRAFFIC
Quebec Port Authority (QPA) plans to enter the container port business. It has Hutchison Ports and Canadian Railway on board already, but is it viable, asks AJ Keyes.
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THE TIMES THEY ARE A CHANGING IN HALIFAX
A new president and CEO, global terminal operator involvement and growing competition shows that 2019 is proving to be an eventful year for the Port of Halifax, as AJ Keyes discovers.
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GREAT EXPECTATIONS - THE ROBERTS BANK CHRONICLES
Roberts Bank2 remains Vancouver Fraser Port Authority’s preferred option to add capacity. AJ Keyes assesses the latest position and looks at recent developments at the port.