World News – Page 102
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NewsSoutheast Asia takes reinvention seriously
Southeast Asia, once considered a pool of low-cost labour, is attempting to ditch its old labels and loosen the grip of some established institutions, writes Stevie Knight
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NewsCall for Tema Port expansion probe
The Tema West Constituency chairman of Ghana’s governing New Patriotic Party (NPP) has said that negotiations on the contract for APMT’s $1.5bn Tema Port expansion project were not properly carried out and that the deal is financially questionable.
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NewsMajor port operator battles “headwinds”
The outgoing group chairman of PSA International has described 2018 as “beset by … headwinds” in a year which saw annual net profit down 2.3%.
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NewsMedcenter Container Terminal sale agreed
Contship Italia and Terminal Investment Limited (TIL) subsidiary Itaterminaux have executed a share purchase agreement for the sale of 50% of CSM Italia Gate, the company which owns 100% of Medcenter Container Terminal (MCT) in Italy.
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NewsDebt and service losses force terminal closures
Grupo Libra will close its Libra Terminais operation at the Port of Santos after CMA CGM switched three services to other terminals and the terminal operator feels the strain of its struggle with debt.
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Port Klang welcomes foreign investment
Expansion of Port Klang in Malaysia using foreign and Chinese money is being encouraged, Malaysian Transport Minister Anthony Loke has said.
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NewsFrench port deal for Chinese silicon giant
Marseille Fos Port Authority and Quechen Silicon Chemical have signed a construction agreement for the Chinese company’s €105m project to build a plant on a 12-hectare site in the Fos industrial zone, adding to speculation about China’s growing influence in Europe.
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NewsYilport joins battle for US terminal
Yildirim Holding Inc. said it has lined up the financing for its subsidiary Yilport Holding to bid for a multiyear concession for the Long Beach Container Terminal in California.
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NewsMultiple crashes in Dover Op Brock initiative
In the UK, a no-deal Brexit initiative under which lorries going to the Port of Dover are granted access to an entire side of a motorway has witnessed a number of collisions in its first two days of operation.
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Douala container terminal put to tender
The Port Authority of Douala (PAD) has launched a restricted international tendering to select a new concessioner for the renovation, modernisation, operation and maintenance of the container terminal at the Port of Douala-Bonabéri in Cameroon.
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NewsRedefining ‘impact’: LA’s automation debate
As APM Terminals has recently found to its cost, sentiment can trump both plans and contracts, especially when it concerns automation at Los Angeles.
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NewsAutomation protects jobs, stresses APM Terminals
Automating the Port of Los Angeles’ Pier 400 will protect business and jobs in “an increasingly challenging environment”, APM Terminals has said following a decision to postpone a construction permit to allow it to carry out modernisation work.
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NewsAutomated LA trucks delayed after protest
The Los Angeles Board of Harbor Commissioners has voted to postpone a construction permit for APM Terminals’ driverless electric cargo trucks amidst backlash from Los Angeles union officials.
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NewsSudan to make over US$2bn from terminal deal
The Sudanese government will make €2.13bn ($2.44bn) over a 20-year period from a deal to transfer Port Sudan’s container terminal to Filipino port operator International Container Terminal Services, Inc. (ICTSI) to expand port capacity, a government official has said.
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NewsBeira port holds up in cyclone
The Port of Beira in Mozambique has sustained only limited damage from Cyclone Idai, a storm in south-eastern Africa described by the United Nations as potentially the worst disaster to ever hit the Southern Hemisphere.
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NewsStrikes hang over Brazil's leading port
Casual dockworkers supplied by OGMO at Santos, South America’s largest port for containers, have entered their third week of strike action and continue to demand a return to 25% of the shift allocation.
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NewsDramatic hike in US ports' economic impact
The total economic value that US coastal ports provide, in terms of revenue to businesses, personal income and economic output by exporters and importers, has risen 17% in the last five years, from $4.6tr to $5.4tr.
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NewsOperators campaign more for Mombasa business
Petitioning behind the scenes by global operators trying to get a foothold in Kenya’s Port of Mombasa has increased following reports that government is eager to concession its container terminal.
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NewsNew tool to aid UK port policy development
The Marine Management Organisation (MMO), an agency of the UK Government, has commissioned a marine consultant to ''map'' shipping’s value to help underpin the development of port marine plan policies.
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NewsPSA Intl takes first steps in Eastern Europe
Port operator PSA International has joined forces with Australian investment management firm IFM Investors and the Polish Development Fund (PFR) to acquire the Port of Gdansk’s Deepwater Container Terminal Gdansk (DCT Gdansk), Poland’s biggest box terminal.
