World News – Page 198
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NewsDP World to build new Ecuadorian port
DP World is to invest a total of $1.2bn in building the new Posorja deep water port in Ecuador. In the first phase, $530m will be required.
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Yildrim to upgrade Puerto Bolívar
The Ecuadorian president Rafael Correa has confirmed that a memorandum of understanding has been signed with the Turkish terminal operating group Yildrim to implement a new terminal at Puerto Bolívar. The MoU covers the final design, financing, equipment acquisition, operation and maintenance. This will translate into an initial investment of ...
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Sines president suggests PSA could leave
The president of Sines port authority, João Franco, has warned that the existing container terminal concessionaire, PSA, could leave the port if the government does not agree to its proposal for a concession extension and to extend the breakwater.
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NewsTerex and Konecranes merger on hold
US cargo handling specialist, Terex Corporation, has announced that it is putting on hold its merger with Finnish crane manufacturer Konecranes amid speculation that it will instead accept a buy out from Chinese manufacturer Zoomlion Heavy Industry Science & Technology Co. Ltd.
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NewsDundee ready for UK decommissioning onslaught
Forth Ports Limited has announced that it plans to make a large investment in the Port of Dundee.
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NewsStudy group identifies Auckland alternatives
The Port Future Study’s Consensus Working Group (CWG) has released initial work identifying a long list of areas being considered as options to meet Auckland’s future demand for port activities.
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NewsCargotec excited by potential of 'megatrends'
Finnish cargo-handling giant, Cargotec, has released its 2015 annual review, highlighting ‘megatrends’ which offer new opportunities.
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NewsTilbury poised for significant expansion
Forth Ports is poised for dramatic expansion at the Port of Tilbury after acquiring the adjacent site of the now-closed Tilbury Power Station.
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NewsAsciano dumps Brookfield for Qube
Australian freight logistics company, Asciano, has formally rejected a takeover offer by Canada’s Brookfield Asset Management Inc. after it failed to match a higher bid from Asciano’s rival Qube Holdings Ltd.
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Sydney rebranding precursor to new terminal announcement?
The Harbour Port Development Partners (HPDP) and the Port of Sydney have announced its proposed new container terminal will be known as Novaporte.
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JSW eyeing distressed Indian port assets
Indian conglomerate, JSW Group, is looking to buy debt-laden port assets in the country as part of a strategy to expand its ports capacity, according to a report by Reuters news agency.
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APM Terminals drives portfolio growth
APM Terminals has announced that its increased investment capital in 2015 generated $4.2bn in revenue, a profit of $645m on the year before.
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NewsFelixstowe readies box weighing solution
The Port of Felixstowe has confirmed that it will offer a container weighing service to ensure UK shippers comply with new international regulations that will come into effect this summer.
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NewsAAPA: Obama's budget a 'disappointment'
The American Association of Port Authorities (AAPA) has expressed disappointment in President Obama’s 2017 fiscal budget, calling it ‘grossly imbalanced’.
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NewsKenya cancels Mombasa concession
Kenya Ports Authority (KPA) has sacked five bosses because of the mismanagement of the second container terminal at the Port of Mombasa.
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NewsRotterdam to take part in platooning challenge
The Port of Rotterdam has announced that it will be taking part in the European Truck Platooning Challenge, a trial initiated by the Netherlands as part of its 2016 Presidency of the European Union to develop the method further and bring it to people’s attention.
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NewsWildcat strikes to end at Ashdod
The Israeli government''s Finance and Transport Ministries, the Ashdod Port workers'' committee and the General Federation of Labour (Histdrut) have struck a 10-year deal in respect of reform at Ashdod Port.
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Nicaragua to build new $400m Caribbean port
In Nicaragua, the National Port Company (EPN) is planning to build a new terminal at Bilwi, Puerto Cabezas, to accommodate cargo from the north of the country that is currently handled by the ports of Limón, in Costa Rica, and Cortés, in Honduras.
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Colombia moves on three new ports
The Colombian Ministry of Transport and the country''s National Infrastructure Agency (ANI) are currently moving ahead with three new port projects: the ports of Antioquia, Puerto Solo (Valle del Cauca) and the Sociedad Portuaria Gráneles del Golfo (Córdoba).
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Europe and UAE drive DP World growth
DP World Ltd has announced growth of 3% in 2015 driven largely by European and UAE terminals.
