World News – Page 255
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Tangshan issues bonds
On November 13, the Tangshan port group issued medium-term bonds worth $64m, which have a maturity of five years. The issue was underwritten by China Minsheng Bank.
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NewsAPMT homes in on Nigeria
Global terminal operator APMT and consortium partners have announced plans to develop a new greenfield mega port project and free trade zone at Badagry in Lagos State, Nigeria.
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NewsMore trouble at Port of Oakland?
Officials from the Port of Oakland are assuring partners that operations will not be affected by Service Employees International Union (SEIU) Local 1021 labour actions, due to take place tonight and tomorrow.
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NewsKeeping up with the neighbours
In 2011, the decision to situate a new box handling facility opposite the Port of São Francisco do Sul raised a few eyebrows, especially since that port is also improving its own facilities for handling containers.
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Açu port cost rises 7%
LLX Logistica, which is building Brazil''s new Açu deep water port in the state of Rio de Janeiro, has announced that the cost of the project has risen by 7% to $1.5bn. This reflects adjustments to the budget.
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NewsGulftainer wins Tripoli terminal concession
Sharjah-based operator Gulftainer has won a 25 year concession for a new container terminal at the Port of Tripoli in Lebanon, following an intensive bidding process.
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Babitonga Bay's opposing beauties
While the Itajaí River Port Complex is the state’s largest box hub, it is the port of São Francisco do Sul that leads the rankings in overall cargo, having handled 9.87m tons in 2011, compared with 9.61m tons in 2010.
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Santos deemed Brazil's second worst port
Santos is the second worst port in Brazil in which to do business, according to a survey undertaken by the Institute of Logistics and Supply Chain.
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Queensland stamps on port progress
The Queensland government has decided there will be no new ports created for the next ten years.
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Lawsuit threatened over stalled Kwinana port
The Western Australian Government is being sued for over A$1bn (US$1.03bn) by building entrepreneur Len Buckeridge over a stalled port project.
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Oakajee project on the backburner
Japanese company Mitsubishi has indefinitely mothballed a plan to develop an iron ore port and rail link at Oakajee in Western Australia.
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Big ships remain elusive for Melbourne
Melbourne’s hoped-for growth in larger ship visits, after its channel deepening, has been slower than expected.
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Saudi Arabia spending spree
Saudi Arabia is planning to invest $914m in port development in the short term to cater for growing demand.
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Three’s a crowd at Brisbane
Doubts have been cast on the viability of having three container stevedores compete at the Port of Brisbane.
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NewsKeeping up the pace
A flurry of port development up and down the Brazilian coast compensates for weak infrastructure elsewhere on the continent. Alex Hughes reports
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NewsPort of Genoa plans capability adjustments
A new masterplan is being created for the Port of Genoa in a bid to meet the needs of the new generation of larger container ships.
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NewsAusterity strikes hit European ports
Austerity strike action hit a number of European ports this week, which led to a halt of some operations, according to reports from agent Inchcape Shipping Services (ISS).
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NewsICTSI acquires Hijo shares
International Container Services (ICTSI) has acquired subscription rights to forty million common shares in Hijo International Port Services Inc. (HIPS).
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NewsRussia looks East for trading tips
Russia is looking to “diversify” its economy in order to reduce its dependency on crisis ridden Europe, which at present accounts for roughly half of its foreign trade.
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NewsNew Liverpool terminal set to go ahead
After a consultation period with no objections, Peel Ports’ £300m plan to build a new container terminal at the UK''s Port of Liverpool are set to go ahead.
