World News – Page 164
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NewsWorld Bank backs Dar es Salaam
Capacity at Tanzania''s Port of Dar es Salaam looks set to increase to 25 million tonnes over the next seven years thanks to a World Bank grant of US$12 million.
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NewsValue of Cosco’s Noatum stake questioned
Chinese port operator Cosco Shipping Ports (CSP) faces a “probable write-down” when the Spanish assets of its latest investment, Noatum Port Holdings (NPH), are tested for impairment, analysts have said.
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NewsFund's grand plans for LA terminal
A global investment firm has signed a definitive agreement to acquire 90% of Global Gateway South (GGS) a leading terminal in the North American Port of Los Angeles.
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NewsPort of Esbjerg explores expansion potential
The Port of Esbjerg in Denmark is considering expanding by 975,000 metres square.
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NewsStevedoring strike settled in Spain
The strike by Spanish stevedores is coming to an end, as stevedores reach individual agreements with terminal operators frustrated by the inability of the owners’ association, Anesco, to negotiate a country-wide agreement.
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NewsGE completes Tiplam engineering
An engineering, supply and commissioning project for Brazil’s Port of Santos has resulted in improved cargo loading, discharging and stowing efficiency.
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NewsDon’t underestimate China’s role in the Med
China’s desire to create a ‘hub of hub ports’ in the Mediterranean should not be underestimated, an economist has stated at TOC Europe.
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Less carriers, more terminal overcapacity by 2025
A more transparent industry with just six to eight global carriers and simplified processes - this will be the shape of the container shipping industry eight years from now, according to an outlook delivered at TOC Europe.
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NewsPort of Fujairah expansion
A 35-year agreement will see UAE’s Abu Dhabi Ports develop port infrastructure and manage operations at the Port of Fujairah.
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NewsBacklash feared on US East Coast port spend
Unrealistic investment in deepening and expanding ports on the US East Coast could lead to a dramatic backlash, a leading economist has warned.
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NewsPatrick surcharges contested by customers
Infrastructure surcharges imposed by stevedoring company Patrick at its Australian terminals are being blamed on higher rents and taxes, but customers have reacted strongly to the new list of charges.
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NewsAnother win for Adani’s Abbot Point expansion
The Queensland Supreme Court has rejected moves to put a stop to the controversial expansion of the Abbot Point coal terminal by the Adani company.
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NewsToll moves ahead with Dampier acquisition
Logistics company Toll is completing the purchase of the Dampier Supply Base in Western Australia from MMA Offshore. The purchase was foreshadowed in February and the final details have been confirmed following approvals received from the Australian Competition and Consumer Commission and Foreign Investment Review Board.
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NewsDiversification propels Prince Rupert Port
18.9m tonnes of goods were processed last year at the Port of Prince Rupert, executives revealed at its annual public meeting last week.
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Metro Ports wins Burns Harbor bulk concession
Metro Ports has been chosen as the new bulk terminal operator at the Port of Indiana-Burns Harbor, the Ports of Indiana has announced.
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NewsLA/LB work around truck protests
Truck drivers and warehouse workers from companies serving America’s Long Beach and Los Angeles ports have gone on strike to protest against work contracts which they say deny them the same rights as employed workers.
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New Veracruz terminal tender
In Mexico, Veracruz port authority (API) has issued a tender for the construction and operation of a new terminal in the port’s expansion area in Vergara Bay. This replaces an earlier tender that had to be withdrawn upon the insistence of the competition authority (Cofece).
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Latin American box traffic in decline
The latest port ranking table published by the Economic Commission for Latin America and the Caribbean (CEPAL) shows that container traffic in 2016 dropped by 0.9%, reinforcing the overall negative trend in recent years.
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Further Panama Canal extension mooted
If demand warrants it, the Panama Canal could be further extended before 2025, according to Canal administrator, Jorge Quijano.
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NewsBrazil announces new infrastructure investment plan
The Brazilian government is putting together a new infrastructure investment plan – Advance – to replace the Accelerated Growth Programme, first introduced in 2007. This latest initiative has been motivated by the 1% growth in GDP recorded in the first quarter of this year.
