World News – Page 194
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Weak market prompts Abbott Point downgrade
The weak global coal market has seen ratings agency Moody''s Investor Service downgrade Adani Abbot Point Terminal''s outlook to negative, and its senior secured bank credit facility rating drop to Ba2 from Baa3.
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NewsDutch ports appeal EU tax decision
A number of port authorities have decided to appeal the European Commission decision which states that Dutch sea ports must pay corporation tax from 1 January 2017.
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NewsUS government funds Virginia expansion
The US General Assembly has signed off on an unprecedented $350m state-backed bond deal giving the Port of Virginia the money it needs to expand capacity at Norfolk International Terminals, according to local reports.
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NewsLimassol port pilots on indefinite strike
Limassol port pilots have announced an indefinite strike starting on Monday April 21, 2016.
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NewsTampa encouraged by funding increase
Port Tampa Bay commended the Florida Legislature for an increase in the minimum statuary amount for seaport funding through the Florida Seaport Transportation and Economic Development (FSTED) programme.
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Ecuador promotes Manta-Manaus corridor
Ecuador''s Overseas Trade Minister, Diego Aulestia, recently travelled to the Brazilian state of Amazonas to consolidate a trade corridor linking the port of Manta with Brazil''s port of Manaus.
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NewsGulftainer registers strong performance in 2015
The world’s largest privately-owned and independent port operator Gulftainer recorded a strong performance in 2015, with an overall growth of 4% across its global portfolio.
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ICTSI earnings drop in 2015
International Container Terminal Services Inc, or ICTSI, posted significantly lower net income in 2015, due to non-cash and one-time charges.
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NewsRecord year for Port of Baltimore
Containers and car imports at the Helen Delich Bentley terminal have helped the Port of Baltimore to a record year in 2015, proving that Maryland is ‘open for business’.
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NewsMounting objection to EU port legislation
The European Parliament has voted to approve port services regulations that are designed to address restrictive practices at EU ports.
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NewsEnvironmental concerns over Marseille Fos development
A key development project at Marseille Fos port will be reshaped to allay the environmental worries of residents and authorities in the area.
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NewsEuropean container port competition ‘complex and intense’
Container port competition across Europe has become increasingly complex and intense, creating a market in which all players can no longer record growth, according to a recent academic study by Portecomonics.
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NewsABP and Unite take port regulation fight to Strasbourg
Representatives from the dock workers union, Unite, and Associated British Ports (ABP) have travelled to Strasbourg to urge members of the European Parliament to reject the European Commission’s proposal for a new port services regulation.
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NewsPeel Ports Great Yarmouth offshore windfarm co-investment
ScottishPower Renewables’ £2.5bn East Anglia ONE offshore windfarm has selected Peel Ports Great Yarmouth as the port for construction and installation activities.
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NewsMaersk subsidiary latest to introduce new Liverpool service
Seago, the intra-European shipping line which is part of Maresk Group, is to launch a new cargo route between Algeciras-Liverpool-Dublin.
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NewsFigures show Rotterdam ‘attractive for business’
Rotterdam is ‘attractive for business’ says chief financial officer, as the port authority releases its annual figures showing turnover is up and profit development is sound.
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NewsBrazil prepares next round of port tenders
Brazil''s ports department, SEP, is to issue six new tenders for port terminal concessions on March 31, which will require combined investment of $443m.
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NewsPortuguese government drops Barreiro from budget
The Portuguese government has dropped the new Barreiro container terminal in Lisbon from its list of development projects for 2016. Instead, this has been replaced by a drive for enhanced co-ordination between the ports of Lisboa and Setúbal.
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NewsPlanning ahead
Nigeria is gearing up for major expansion of its port capacity to cater for future growth, explains Richard Rowe
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Mixed results for Kiwi ports
Port of Tauranga has reported a comparable 9.4% dip in net profit after tax to NZ$38.56m for the six months to December 31, 2015 - albeit the result is a NZ$56,000 improvement on last year’s interim when comparing underlying profit after tax figures.
