World News – Page 116
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NewsNew port targets a sustainable Arctic
The development of a new Icelandic port that could enable sustainable development of the Arctic and help to make emergent shipping routes safer is set to offer multiple natural benefits.
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NewsDP World seeks bigger Latin America stake
DP World is looking at concessions in up to seven Latin American ports in the next year, according to the company’s chief operating officer.
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NewsSeattle Terminal 5 set for modernisation
The Port of Seattle’s Terminal 5 in the US state of Washington is set to “return to use as a premier international container terminal” after both building and lease agreements were approved by the managing members of The Northwest Seaport Alliance (NWSA).
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NewsNigerian access road issue remains
Attempts by the Nigerian government to mend access roads to the country’s Lagos Port Complex and Tin Can Island Port Complex to address the issue of port congestion might result in the problem going away for around four or five years only to return in a worse state than at ...
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NewsLoke responds to Melaka Gateway suit
A judicial review application has been lodged in Malaysia challenging the Minister of Transport''s decision to revoke a port operating licence for the $10bn Melaka Gateway integrated deep-sea port venture.
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NewsNavis helps SAGT prepare for growth
Cargotec firm Navis and Sri Lanka’s South Asia Gateway Terminals (SAGT) have agreed a deal to use Navis optimisation and analytics services to help the terminal prepare for growth.
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NewsPort charges under scrutiny in Ghana
Fees and charges at ports in Ghana which do not have the approval of parliament will be withdrawn to create an enabling environment for investors and businesses.
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News
HPH seals deal for world's largest STS hub
KA Petra Sdn Bhd (KA) has signed an agreement with Hutchison Port Holdings to become a strategic partner in jointly developing the world’s largest ship-to-ship (STS) transfer hub in Malaysia.
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NewsTruckers open fire on Australia surcharges
In Australia, the latest controversial “port infrastructure” surcharges put in place by stevedores have seen opposition from truckers.
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NewsBox throughput up in Latin America
Ports in Latin America and the Caribbean saw container throughput rise by 7.7% year-on-year in 2018.
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NewsDjibouti ordered to pay US$385m to DCT
DP World secured another legal victory this week when the Djibouti government was ordered to pay US$385m plus interest to Djibouti port operator Doraleh Container Terminal (DCT) for breaching its exclusivity rights by developing container facilities at Doraleh Multipurpose Terminal.
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NewsBatu Ampar investment to rival PSA Singapore
Indonesia''s state port operator PT Pelabuhan Indonesia I (Pelindo I) has invested S$115m into the Port of Batu Ampar to raise its competitiveness in a move which may pit it against PSA Singapore.
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NewsItapoá secures major IDB loan
Brazil’s Porto Itapoá, a private-use terminal located in Santa Catarina state, has concluded a financing package worth $116m to boost capacity.
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NewsConditions still not right for Ilo investment
Gustavo Jáuregui, managing director of the National Chamber of Commerce of Bolivia, has stated that neither Bolivia nor Peru have yet made significant-enough progress to enable them to make public-private co-investment in the Port of Ilo, which is viewed as a genuine alternative to the Chilean Puerto de Arica for ...
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NewsLocked horns and bad blood in Djibouti
DP World’s unceremonious eviction from Djibouti sends a chilling message to other foreign investors. Alex Hughes reports
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NewsA region of port powerhouses
China may dominate the port top ten, but it’s not the only country making sure its voice is heard in East Asia, finds Kate Jones
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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.
