World News – Page 286
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Patrick parent profits up
The parent company of Patrick stevedoring company, Asciano, has reported a net profit after tax of A$145.2m (US$153.8m) for the 2010-11 financial year, but blamed “significant industrial relations activity” in the ports division for putting a dampener on its overall performance.
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APM Terminals offloads partial Xiamen stake
APM Terminals is to sell 25% of the stake it holds in the Xiamen Songyu container terminal in China.
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Peru to strengthen Enapu role
Peru says it is going to strengthen the National Ports Administration, Enapu, which will continue to function as the administrator for all the public ports owned by the state.
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Man killed at Tauranga
Tauranga resident, Walter Daniel Crosa, was tragically killed in an accident at the port on August 15.
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Maranhão pushes grain terminal
The Brazilian port of Maranhão is to construct a new grain terminal at a cost of $159m. A tender has been issued based on the facility handling 5m tonnes annually by July 2013. Subsequent expansion could double this.
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Uruguay raises fees by 20%
Uruguay''s National Ports Authority (ANP) is to hike tariffs, which are calculated in US dollars, by 20%.
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Wanganui port bids shortlisted
Wanganui District Council has conducted interviews with the shortlisted four of eight applicants interested in operating its Wanganui port. The applicants are to now report back on a business planning exercise aimed at identifying the potential and cost of restoring a commercial port operation.
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Spanish box traffic up 7.3% for half year
Spain''s National Ports Authority has confirmed that in the first six months of this year container traffic grew by 7.3% to more than 6.5m teu.
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Bahia ports to get PAC2 investment
The ports of Salvador, Aratu and Ilhéus in the Brazilian state of Bahia have secured investment of $300m as part of the national Accelerated Investment Programme 2 (PAC2).
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Belfi eyes Chilean port investment
The Chilean construction company Belfi, whose annual turnover is $400m, is to compete for port tenders, reports managing director Andrés Elgueta. Currently under analysis is participation in the privatisation of both Talcahuano and Coquimbo.
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Cavotec pairs listing with capital boost
New Zealand Stock Exchange-listed Cavotec MSL aims to raise significant capital in tandem with its October transfer to the NASDAQ OMX Stockholm Exchange.
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NewsStrikes cripple US west coast ports
The detention of International Longshore and Warehouse Union president Bob McEllrath yesterday while attending a port protest in Washington sparked wildcat strikes across US West Coast ports today.
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NewsIraqis to mount regular Mubarak protests
A group of Iraqis are to hold weekly demonstrations on the border with Kuwait in protest against the construction of the Mubarak port on Boubyan island. The security services will be deployed to contain any subsequent disturbances from the protests.
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NewsNSW dangles Botany terminal lease carrot
The New South Wales Government is considering refinancing state-owned assets at Port Botany by offering private investors a 99-year lease on Sydney’s box port. The government has announced a “scoping study” to investigate the lease proposal.
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Record Southern grain exports
Grain exports shipped through South Australian ports have attained record levels, according to agribusiness Viterra. A total of nearly seven million tonnes of grain has been exported from the state by 14 exporters since October last year.
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AAPA pleads for continued investment
The American Association of Port Authorities (AAPA) has sent a letter to the Joint Selection Committee on Deficit Reduction asking it to take into account the benefits derived from port activities prior to any cutting of financial resources to the ports.
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ICTSI's Portek share bought out by Mitsui
ICTSI has received $30m for its 16.9% stake in Portek International from new majority owner Mitsui & Co (97.04%).
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Coquimbo privatisation attracts bids
A total of six sets of tender documents relating to the privatisation of the Chilean port of Coquimbo have already been sold, although it is expected that this number will double.
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NewsCargotec-Sweframe court stories differ
SweFrame claims their court battle over intellectual property with Cargotec seems to have turned in their favour, at least at present – but Cargotec’s version is different.
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Brazil squanders port investment
A survey of port investment in Brazil over the past decade by consultants Amaral & Associates has shown that investment of only $728m out of a promised total of $263bn was actually spent. This amounts to just 37% of the stated investment.
