World News – Page 193
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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.
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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.
