World News – Page 170
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NewsSix US ports snare TIGER funding
The news that six US ports have snared Transportation Investment Generating Economic Recovery (TIGER) funding this year has been welcomed, but there is the notion that the funding should go towards a broader range of port projects.
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NewsMoody's flags Chinese port pressures
A new report from Moody’s Investors Service has highlighted that port operators in China are facing headwinds from slower economic growth and weaker throughput outlook.
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NewsPorts America extends Tampa concession
Ports America has extended its container agreement at Port Tampa Bay which will be valid through May 2046 and its also inked a new five-year breakbulk concession with two one-year extension options.
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Challenges for Asian rated port operators
The resilience of Asian port operators is being tested by weak commodity prices, high capital expenditure commitments and a liner industry struggling with overcapacity, according to Moody’s Investors Service.
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Israeli ports beset by problems
Members of the Israel food industry have gathered at a meeting of the Maritime Traders Association to warm of soaring food prices, according to the Jerusalem Post.
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Auckland relocation sites announced
Manukau Harbour and the Firth of Thames have been selected as the two potential sites for a possible future relocation of Ports of Auckland (PoAL).
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Review and redundancies at Taranaki
A net reduction of seven staff has been actioned by Port Taranaki following a four-month business review encompassing all areas of port operations.
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Investment opportunities at Faw
It seems that there may be new investment opportunities on the table for local and foreign companies at Al-Faw Port in Basra.
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Napier port development gets NZ$25m boost
The New Zealand government has announced NZ$25m (US$17.6m) worth of road access improvements to Napier port as one of the first actions of Matariki, the Hawke’s Bay Economic Development Strategy.
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NewsPort of Long Beach helps battle pollution
The Long Beach Board of Harbor Commissioners has authorised the framework for a unique, voluntary $46.4m program to lessen the impacts of port-related pollution on the community.
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Angola to spend $1.3bn on ports this year
The Angolan government has confirmed that it is to spend more than $1.329bn in 2016 on three port infrastructure projects located in Cabinda and Zaire provinces.
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Iquique Phase 2 work to start early next year
Phase 2 development of Iquique port in northern Chile should start by October at the latest, according to Iquique Port Company (EPI), when the bidding process is expected to be launched.
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DP World to explore opportunities in Taiwan
DP World and Taiwan International Ports Corporation (TIPC) have signed a Memorandum of Understanding to explore growth opportunities in Kaohsiung Port’s Terminal 7 in Taiwan.
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NewsQinhuangdao port issues profit warning
Qinhuangdao Port has issued a warning to its shareholders and potential investors to expect a substantial fall in net profits for the first quarter of 2016.
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NewsKuantan's Asian transhipment aspirations
Kuantan Port Consortium (KPC) is building its New Deep Water Terminal (NDWT) which it says will become a major transhipment hub on the east coast of Malaysia for trade in and out of Asia.
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NewsGPA gets go ahead for new inland terminal
The Georgia Ports Authority (GPA) has approved a spending package of US$19.7m to construct its new Appalachian Regional Port terminal in Chatsworth, Georgia.
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NewsAdvent mulls Brazilian port sale
Advent International is said to be considering a sale of its stake in the Brazilian container port, Terminal de Conteineres de Paranagua SA, according to local sources.
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All change for Buenos Aires
In the first half of 2017, the government of Argentina is to launch a tender linked to land reclamation in the port of Buenos Aires, which aims to create new quays able to accommodate the largest vessels afloat.
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Brazil investigates BNDES’ bankrolling of Mariel
The Brazilian Minister of Transparency, Monitoring and Control, Torquato Jardim, has revealed that he is investigating why Brazil helped finance construction of the Cuban Port of Mariel. Explaining the reason for the investigation, he noted: “It generates no market for the Brazilians.”
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NewsAntwerp to collaborate with Bandar Abbas
Antwerp Port Authority signed a collaborative agreement with Shahid Rajaee Port Authority, which controls the Port of Bandar Abbas in Iran, to develop trade between the two regions.
