World News – Page 122
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China Merchants eyes three-port growth plan
China Merchants Group has issued RMB10bn ($1.47bn) worth of bonds to fund the development of the ports under Liaoning Port Group in China.
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Terminal operators under fire at Indian port
The Competition Commission of India (CCI) has ordered Maersk and DP World to withdraw customer advisories which it says could hamper growth at Jawaharlal Nehru Port Trust.
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Robust US container trade faces uncertainty
Record high levels of inbound laden containers were experienced on both US coasts in October, but BIMCO has warned uncertainty lies ahead due to US-China trade relations.
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China funding puts ports at risk
Kenya could lose the Port of Mombasa to the Chinese government if the government-owned Kenya Railways Corporation (KRC) defaults on a substantial payment owned to Exim Bank of China.
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Incumbents welcome to Valencia concession
Valencia has confirmed that incumbent operators are free to participate in the tender for its fourth container terminal with no requirement to increase current capacity levels.
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Unions intervene in Buenos Aires dispute
Union leader Hugo Moyano is attempting to scuttle a government plan to create a single container terminal concession at the Port of Buenos Aires as of 2020, replacing five existing concessions.
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Yilport supports innovation contest
Global port operator Yilport is backing a Port Innovation Contest to encourage solutions to the current challenges facing the industry.
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Major operator celebrates surging volumes
PSA International boosted volumes by 9.1% year-on-year in 2018 on the back of “slow but steady” growth in global container trade volumes.
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Legislation preventing investment in Brazilian ports
José Di Bella, chief executive of the Brazilian Association of Port Terminals, has stated that centralised decision-making in the country’s ports sector is deterring investment.
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São Paulo governor wants Santos privatised
The governor of São Paulo State, João Doria, is to ask Brazil’s president, Jair Bolsonaro, to privatise the Port of Santos. He has labelled the current facility as "inefficient" and costly.
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Newcastle box terminal benefits
A container terminal at the Port of Newcastle could provide a A$6bn (US$4.1bn) boost to the New South Wales economy as well as significantly reducing truck trips through Sydney by 2050, according to a new report.
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NSW to more than triple volumes by 2045
NSW Ports is forecasting a growth in containers through its port gateways from 2.4m teu to between 7.5m and 8.4m teu per year by 2045.
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Auckland announces hydrogen project
A hydrogen-generating plant is to be built by Ports of Auckland (PoAL) to power hydrogen fuel-cell vehicles as part of the port’s programme to become a zero-emissions business by 2040.
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Auckland to revamp supply chain
Ports of Auckland (PoAL) and the National Road Carriers’ Association (NRC) have announced a joint commitment to drive significant changes within Auckland’s overheated supply chain.
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Global operator boosts Latin America portfolio
DP World is set to expand into Chile after signing an agreement for a 71.3% stake in Puertos y Logistica S.A. (“Pulogsa”) from Minera Valparaiso and other shareholders associated with the Matte Group.
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Wilmington contractor dies after fall
A man has died following a fall from a storage container at the Citrosuco plant at the Port of Wilmington Delaware, in the US.
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Unsolicited Davao Sasa bid gains traction
Chelsea Logistics Holdings Corp. is getting closer to gaining the approval of the Philippine Ports Authority (PPA) for its plan to modernise the Davao Sasa Port in the Philippines.
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US shutdown threat 'not yet a crisis'
As the US partial government shutdown continues the maritime industry has raised concerns over operational stability as security, customs and air safety workers are facing being unpaid, but ports appear yet to be impacted by the situation.
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Draft emergency declared in Colombia port
The Mayor of the Colombian city of Barranquilla has declared the lack of draft in the main port as a national emergency.
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Boluda identifies possible Valencia bidders
Spain’s Confederación General del Trabajo trade union reports that Vicente Boluda, president of both Boluda Corporación Marítima, which operates the Boluda shipping company, and Valencian business association Asociación Valenciana de Empresarios, has put forward his favourites to win the concession for Valencia’s fourth container terminal.