World News – Page 189
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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.
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NewsMarseille powers ahead with expansion works
Two main construction projects at the French port Marseille Fos which will enable it to handle mega-ships are nearing completion.
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Thailand looks to regional co-operation
Senior Thai officials have outlined the country’s plans to further develop the country’s port sector.
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Myanmar admits to development “challenges”
Problems with Myanmar’s ports were outlined at the 14th ASEAN Ports and Shipping Conference in Bangkok.
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ICTSI secures Victoria terminal funding
Victoria International Container Terminal (VICT) has signed a syndicated loan facility with seven global financial institutions.
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NewsChina to cut back on foreign infrastructure investment
China, which has shown interest in funding numerous new port and infrastructure projects in developing countries, is now having to re-evaluate its position given Venezuela''s wish to default on Chinese debt.
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NewsSpain stevedoring reform depends on port finance
Spain''s Economic Development Minister Ana Pastor has sent a second proposal to the European Commission in respect of reform of the country''s stevedoring model. This follows a second referral about this subject to the European Court of Justice.
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NewsEcuador showcases port potential
The government of Ecuador has calculated that foreign investment in its ports will have reached $2.1bn by the end of the current year, according to vice president Jorge Glas.
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NewsChina’s ports face overcapacity crisis
According to experts, overcapacity in China’s ports will be more severe than that in steel and cement in the near future, Xinhua reports.
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China Merchants in Melbourne contest
China Merchants will join two other companies in the final stage of the bidding process for the 50-year lease of the Port of Melbourne.
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World Bank loan for Port Harcourt
The World Bank''s private sector arm, the IFC, has granted $73.5 million for the build of a new port terminal in southern Nigeria, says Reuters.
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Cosco finally seals Piraeus deal
The sale of a controlling stake in the Port of Piraeus to the Chinese container shipping and terminal operator Cosco has finally been signed off, according to local sources
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NewsNascent halves LBCT truck turn times
US-based Nascent Technology has worked with Long Beach Container Terminal (LBCT) to automate its marine terminal, helping to more than halve truck turn times.
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NewsEU launches Belgian and French tax probes
The European Commission has opened two in-depth probes to check if corporate tax exemptions granted under Belgian and French law to ports'' economic activities are in line with EU state aid rules.
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Cambodia requests Laem Chabang access
The Cambodian Commerce Minster has called on Thailand to consider giving Cambodia access to the Laem Chabang port.
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Two new FEPORT members
Baltic Container Terminal (BCT) which is located at the Port of Gdynia in Poland and the Adriatic Gate Container Terminal (AGCT), at the Port of Rijeka in Croatia, have become members of FEPORT.
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NewsCMIT 'out of the storm'
APM Terminals’ Vietnamese Cai Mep International Terminal is "out of the storm... but not home yet", according to managing director Robert Hambleton.
