World News – Page 281
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MMX to undertake IPO
Brazil''s Securities Commission has given the MMX mining company authorisation to undertake an initial public offering to acquire PortX, which owns the assets of the so-called Sudeste super port. PortX was created by the partial break up of LLX, which is the logistics subsidiary of EBX. In total, the IPO ...
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Lithuania seeks port investment
Lithuania''s Transport Ministry has confirmed that it is seeking investors willing to participate in the construction of a new deep water port, which will be taken forward as a concession.
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Cosco takes fresh look at port investment
The chief executive of Cosco has revealed that the company may well resume its investment in ports.
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NewsControversial Eilat port privatisation snowballs
Despite ongoing discussions with disgruntled unions and opposition from the Ministry of Defence, Israel’s Eilat is to be sold by the state at a cost of $29m.
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Ex-Patrick boss investment
The former head of Patrick Stevedores, Chris Corrigan, has moved closer to re-entering the Australian ports business. His company Qube Logistics is to pay A$106m (US$115m) to buy DP World’s stake in POTA Holdings, which provides road and rail services to ports and also operates full and empty container parks.
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Toll considers fresh investment
Former ports investor Toll Group says it will consider new acquisitions after securing a three-year, US$400m facility from its bankers. The financial arrangement gives the group flexibility and supports its planned investment in growth via both capital expenditure and acquisition.
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NewsHedland development plan unveiled
BHP Billiton is seeking government approvals for the comprehensive development of its outer harbour facility in Port Hedland, which includes landside infrastructure and marine development.
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Costa Rica development gets green light
Construction of the contested new container terminal in Costa Rica’s Limón province has been pegged for an early 2013 start.
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LA/LB press ahead with developments
Long Beach and Los Angeles ports are to press ahead with a series of expansion projects.
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Sweden to offer cold ironing discounts
Sweden has been given the go-ahead by the European Union to reduce port tariffs for those vessels making use of cold ironing when docked in the port. The rationale is that by not making use of on-board engines, the environment of the port will be improved. The measure will be ...
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Vizag no longer India's number one
Visakhapatam Port, India''s leading port for many years, is now firmly anchored in second place behind Kandla, and is predicted to slip further down the league table with the threat of Gangavram hanging over it.
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Peru concession awarded
The Yurimaguas consortium has been awarded a concession to build and manage a new port in the Loreto region of Peru.
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NewsPanamanian ports head Latin America league
The Panamanian ports of Colón and Balboa have topped Cepal’s latest league table of Latin American ports, respectively handling 2.81m teu and 2.75m teu.
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Rio Grande ordered to re-tender contract
A court has told the port of Rio Grande that it must re-issue a tender in respect of emergency environmental services within the next six months, or the contract granted to the current provider, Ecosorb, will be suspended.
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Protests stall Açu port construction
Construction work on the new Açu port being promoted by LLX was interrupted twice in March and April.
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NMPT abandons PPP
New Mangalore Port Trust has abandoned plans for a public-private partnership development of its proposed container terminal.
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Cost overrun hits Tanjung Priok
The bill for the first stage of Tanjung Priok’s North Terminal development has spiralled by 26% from the original forecast, up from $1.02bn to $1.29bn. The hike in prices has been blamed on the change in location for the container terminal, an increase in infrastructure costs for construction of a ...
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NewsNo blasting for Darwin’s LNG project
Blasting at Darwin’s harbour will be replaced by more environmentally friendly dredging methods, after concerns were raised by the community.
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Ust-Luga PPP completed
The Russian Baltic port of Ust-Luga has completed construction of the last two of five berths at the multipurpose transhipment terminal. This is the first time such a development has taken place using a public-private partnership involving the Russian Investment Fund, which contributed almost $72m towards the $305m total cost.
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'Unlawful' strikes challenged
Australia’s Fair Work Ombudsman has launched two prosecutions against the Maritime Union of Australia following allegations of unlawful industrial action at Fremantle and Broome.
