World News – Page 172
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Brexit threatens EU port throughput statistics
The announced Brexit – Britain’s exit from the European Union - will have a very visible impact on EU port throughput statistics, according to award-winning port economist Theo Notteboom.
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Government approves port in Tami Nadu’s Enayam
The NDA government has approved a proposal to build a major port at Enayam near Colachel in Tamil Nadu, worth INR25bn ($3.7bn).
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No to Buenos Aires port privatisation
Ports in the Argentinean province of Buenos Aires will not be privatised, Marcelo Lobbosco, heads of the ports department, has said.
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Work suspended on Colombia's Aguadulce port
The mayor of Colombia’s Buenaventura, Eliécer Arboleda, has ordered all work on the new Aguadulce port to be suspended.
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Minister signals go ahead for new Chilean hub port
Chile''s Foreign Minister used his Twitter account to confirm that construction will now go ahead of a new deep water port at San Antonio, in Valparaíso''s southern zone. The announcement co-incided with the opening of the new locks of the Panama Canal.
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DP World Australia boasts of 100% VGM accuracy
DP World Australia claims it has achieved 100% verified gross mass (VGM) of all containers travelling through its Australia ports following changes to Safety of Life at Sea (SOLAS) legislation, which came into effect on July 1.
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Malaysia’s Kudat to benefit from funding
Sabah Ports Authority has allocated RM6m ($1.47m) to upgrade Kudat Port’s facilities, Bernama, Malaysia’s national news agency has reported.
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PTP ready to invest RM8.6bn
Malaysia’s biggest single port operator, Port of Tanjung Pelepas (PTP), is ready to invest more than RM8.6bn ($2.1bn) under a plan to increase the port’s capacity.
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Sapangar to benefit from extra funds
Malaysia’s government has increase the funding for development of Sapangar Bay Container Port, in Sabah Province.
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North UK ports broker collaboration pact
In the wake of Brexit, major ports across the north of the UK have agreed to unprecedented collaboration to ensure their unified voice is heard by government.
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Peel Ports partners with MSC
Mediterranean Shipping Company (MSC) has committed vessel support to Peel Ports to help make marine trials at Liverpool2 a success.
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PSA International launches ‘Living Lab’
PSA International, together with the Economic Development Board (EDB) and the Maritime and Port Authority of Singapore (MPA), has launched the PSA Living Lab, a living laboratory in Singapore for the port and logistics industry.
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Investors shy away from Brazil investment
Political instability, difficulties in securing finance and legal uncertainty resulting from changes to regulatory frameworks have combined to deter potential foreign investors to Brazilian infrastructure projects, according to Fernando Marcondes, partner at L.O. Baptist-SVMFA.
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Finance informs Yildirim acquisition and growth strategy
Savvy crafting of financial structures is a critical pillar of Yilport’s plans to be become a top ten global port operator by 2025.
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DP World lists $1.2bn Sukuk
DP World group chairman and chief executive Sultan Ahmed Bin Sulayem rang the market-opening bell on June 27, to celebrate the listing of $1.2bn Sukuk on Nasdaq Dubai.
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Expanded Panama Canal open for business
The first commercial transit of a neo-panamax vessel through the expanded Panama Canal took place on June 26, ushering in a new era of global trade.
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‘Cool heads’ needed in response to UK ‘out’ vote
As the United Kingdom voted in favour to leave the European Union, the whole country is left in uncertainty, including the UK shipping industry.
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Rotterdam streamlines inter-terminal moves
APM Terminals, ECT and RWG have made an agreement with the Dutch Tax and Customers Administration to end the requirement of physical customs documents in order to transfer containers from one Maasvlakte terminal to the other.
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New Zealand ready for VGM
Maritime New Zealand (MNZ) senior communications and media advisor Steve Rendle believes the local shipping industry now has practical working arrangements in place to accommodate the new verified container weight (VGM) regulations.
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Auckland relocation political hot potato
Auckland’s future port location is looming as one of the key issues in New Zealand’s October local authority elections, with three Mayoral candidates publicly backing a move out of the city at a recent debate.