World News – Page 123
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Valparaíso reels from strike blows
2018 was not a good year for container traffic at the Chilean Port of Valparaíso, which registered a 15.9% drop in throughput. For the year, traffic amounted to 903,313 teu.
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NewsCOSCO moves in on South American port
COSCO SHIPPING Ports Limited will establish its first greenfield subsidiary in South America by acquiring 60% stake in Terminales Portuarios Chancay S.A. (Chancay Terminal) from Volcan Compañía Minera S.A.A. for US$225m, with an initial payment of US$56m.
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NewsSwedish ports crippled by strikes
Sweden’s ports are continuing to face the fallout from a dispute over a collective bargaining agreement (CBA) led by the Swedish Harbour Workers’ Union (SHWU), as the organisation’s workers take part in strikes across multiple ports in the country.
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NewsSupport for billion-dollar Libyan port
Libya’s government authorities in the East and West have formally agreed to jointly support the billion-dollar development of what is expected to become one of North Africa’s most highly-automated and largest deep-sea ports near the city of Susah in Libya.
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NewsPorts handcuffed on planning for Brexit
Uncertainty over Brexit arrangements has made it difficult for ports to commit to investments that may help them prepare for changes, the British Ports Association (BPA) has said following the publication of a survey that found little or no planning has been done.
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NewsDP World attacks “predatory” Chinese firms
Chinese companies are engaging in “predatory” behaviour by seizing assets of countries that default on loan agreements, the chairman of DP World has said.
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NewsUS ports feel pain of government shutdown
US ports are suffering delays to development projects in addition to the threat of loss of business as a result of the partial government shutdown, an American Association of Port Authorities (AAPA) conference call has revealed.
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NewsChina 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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NewsTerminal 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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NewsRobust 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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NewsChina 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.
