World News – Page 264
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NewsTraffic returns after price war
The traffic has returned to German ports after the price wars of 2009, and a “realignment of market share” has been seen in 2011.
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Five in the frame for Manta
The Ecuadorian government will issue a tender in December for the Port of Manta management contract.
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NewsDP World pumps up UAE capacity
DP World has announced that it is to expand its flagship Jebel Ali port, creating an additional 4m teu. This will take total capacity to 19m teu by 2014.
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NewsNew terminal inauguration in Senegal
West Africa’s new largest container terminal, Terminal à Conteneur, developed and operated by DP World, has been offically opened in Senegal.
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NewsOakland slams proposed blockades
The Port of Oakland has spoken out against the planned Occupy blockade due to take place across all west coast seaports next week on 12 December.
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NewsUS freight rail strikes averted
It appears that the US freight rail strike planned for tomorrow has been averted, thanks to a last minute agreement between railroad representatives and the unions.
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Over enthusiastic Customs threat to Vallarpadam
The new container shipping service linking the Indian port of Kochi to ports in Europe could be suspended by operator CMA-CGM Hapag-Lloyd if customs officials continue to check seals on all transhipment containers passing through the Vallarpadam terminal.
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News'Panama Effect' keeps West Coast guessing
What might be called the Panama Canal Syndrome is keeping port planners and executives on the alert over the effect the widened canal will have on US West Coast port traffic.
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NewsDouble trouble depresses volumes
Canada and the environment converge on US West Coast ports, as Martin Rushmere discovers
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NewsTanzania to tackle Tanga congestion
Tanzania Ports Authority is embarking on a huge expansion exercise at Tanga Port in order to meet forecasted traffic growth that will surpass 4m teu by 2028 and to ease current congestion.
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NewsHutchison's Harwich extension on the back burner
Following a request from Hutchison Port Holdings, the UK''s Secretary of State for Transport has approved a 10 year extension to the company''s option to build a new $469m container port at Harwich.
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Tanger Med signs three-year agreement
Several months of strikes at Tanger Med have come to an end following an agreement between port stevedores and terminal operator Eurokai Contship Italia.
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NewsPLA hub investment tops £10m
The Port of London Authority in the UK has completed the latest development project at its hub Denton Wharf taking total investment there to a tune of £10m, but there''s expansion to come.
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Maersk ‘no fear’ of overcapacity
Maersk Line chief executive, Nils Smedegaard Andersen, has stated that the shipping line’s current structure means that it has no need to fear the predicted overcapacity that will envelop the industry over the next four years.
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Santos secures terminal loan
The Inter-American Development Bank has closed a $430m syndicated loan with four international banks to build a new private mixed-use container and liquids terminal at Brazil’s Santos Port.
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Yantian takes Shenzhen stake
Yantian Port Holdings is to take a 35% stake in a Shenzhen-based container terminal operator, in which it plans to invest $73.99m.
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Chennai and Ennore merger mooted
India''s Shipping Ministry is considering the merger of Chennai and Ennore ports, a move prompted by a High Court decision to force Chennai to transfer the handling of coal and iron ore to Ennore.
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Peru to invest $3bn in ports
Over the next five years, Peru is to spend $3bn on modernising its ports network.
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Coronel to invest $100m
Chile’s Puerto Coronel is to invest almost $100m in 2013-2014 in expanding existing installations.
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Puerto Lirquén pursues share issue
Chilean port operator Puerto de Lirquén is seeking permission to issue shares worth $86m.
