World News – Page 193
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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.
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Kalmar completes employee negotiations
Kalmar, part of Cargotec, has completed employee co-operation negotiations with labour unions in Lidhult, Sweden.
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Consultations come to a close
Trade unions FNV and CNV Vakmensen, together with Rotterdam container companies and the Port of Rotterdam Authority, have concluded consultations on employment in the container industry.
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NewsGPA awarded $44m transportation grant
Georgia Ports Authority (GPA) has received a $44m Fixing America’s Surface Transportation (FAST) grant from the US Department of Transportation to increase rail capacity at the Port of Savannah.
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Dockers take part in union action day
Dockers in ports across six continents took part in a union action day on July 7, including thousands of dockers belonging to the International Dockworkers’ Council, the International Transport Workers’ Federation and the European Transport Workers’ federation.
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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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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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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.
