World News – Page 291
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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.
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Manaus concession put back to 2012
The tender for second port concession at the city of Manaus in the Brazilian state of Amazonas will not now be issued until 2012. Originally, the tender was slated for 2010, but was later put back until the second half of 2011, although has now been delayed until early next ...
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APMT profit increases
In the first two quarters of this year, APM Terminals generated revenue of more than $2bn, up 6%. Profits amounted to $304m. Three new port operations commenced: at Cai Mep in Vietnam, at Monrovia in Liberia and at Poti in Georgia.
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Five pre-qualify for Kalibaru
Five bidders have prequalified for the concession to build and operate Kalibaru Terminal at the Indonesian port of Tanjung Priok in a contract that will eventually be worth $1.37bn.
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New tender for Valparaiso
A new tender for the proposed Terminal 2 at the Chilean Port of Valparaiso is to be issued in the first half of 2012.
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US Northwest ports lose out to Canada
Ports in the US Pacific North West say that the mandatory Harbour Maintenance Tax that they have to pay for dredging is forcing grain shipments towards cheaper ports in Canada.
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First strikes at Tanger-Med
Dockworkers at the Eurogate terminal in the Moroccan port of Tanger-Med have gone on a six-day strike demanding similar pay and conditions to stevedores in the adjacent APM Terminals facility.
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NewsRough water ahead for northern Europe
According to the North Europe Port Tracker, despite a very strong second quarter which may rescue total year volumes, the region is in a sharper slow down than anticipated by the industry.
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NewsCan US port security stand up to the cuts?
Ten years on from 9/11, US ports are being asked to enhance their security further, but it’s a troubling issue in the recent environment of budgetary cuts.
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NewsLibyan operations aim toward normality
The European Union is expected to lift sanctions against Libya''s ports today, and operations are looking at getting back to normal as quickly as possible.
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NewsOff the transhipment seesaw
In today''s market, those North African terminals with hub status carved out in transhipment will likely find themselves more stable than those with domestic pull.
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NewsRevolutionary spirit
There remain a myriad of barriers to ''secure'' port investment in North Africa as Stevie Knight discovers
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Brazilian government to participate in ports
Brazil''s federal government has announced that it is to increase its intervention in the management and planning of 16 large ports.
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Chile's Coquimbo considers concession
The Chilean port of Coquimbo will shortly be offered as a concession as a means of expanding its working area and thereby allowing it to more easily accommodate larger vessels.
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NewsDP World celebrates four-fold profit increase
A stronger operating environment pushed DP World''s first-half profits up four-fold, but second half uncertainty could disrupt the profits party, the group cautioned on Thursday.
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NewsUS East coast ports prepare for Irene
The expected landfall of category three Hurricane Irene on Saturday has prompted the US Coast captain of the port North Carolina sector to set Port Condition Whiskey for the state’s Wilmington and Morehead City ports.
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Suape request for $625m funding
The Brazilian state of Pernambuco has asked BNDES for a loan of $625 million to finance upgrades at the north-eastern port of Suape.
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Santos racks up $6bn in investment
The port of Santos will have received combined private and public investment of $6bn by 2024 aimed at improving infrastructure and capacity.
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Mormugao upgrades put on hold
Modernisation of the mechanical ore handling plant at the Indian port of Mormugao has been suspended.
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NewsIndia commits $60bn to national ports
The Indian government has announced that, in partnership with the private sector, it is to invest $60bn into the national port network by 2020 to accommodate increasing levels of growth.
