World News – Page 291
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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.
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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.
