World News – Page 291
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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.
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Uruguay revisits deep water port plan
The government of Uruguay has re-activated a project that first emerged in 2005 to build a new deepwater port at Garzón.
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Cadiz releases terminal tender
The southern Spanish port of Cadiz has issued a tender for a new container terminal.
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Portland ‘critical’ for southern success
The port of Portland is critical for economic growth in the so-called “Green Triangle” of south-east South Australia and south-west Victoria, Regional Development Australia says.
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Investor sought for new Jakarta port
The Indonesian state-owned logistics and industrial park developer, Kawasan Berikat Nusantara (KBN), is seeking an investment partner for a $235m port development in Marunda area of North Jakarta.
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NewsHPH secures inland Sydney logistics hub
Hutchison Port Holdings (HPH) has been appointed operator of the Enfield Intermodal Logistics Centre, located 18 kilometres from Port Botany.
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NCC expands into logistics
Russia’s National Container Company (NCC) has established a rail and truck operator, NCC Logistics.
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Kuwait mobilises army to defend Mubarak
Kuwait has mobilised military forces on Bobian Island, at the end of the Shatt al-Arab waterway, to protect its Grand Mubarak Port development from possible interference from Iraq.
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Itajaí revokes non-tendered legal contract
The Superintendent at the Brazilian port of Itajaí is to cancel the contract signed with a local law firm, following a recommendation by the public prosecutor''s office of the state of Santa Catarina.
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Salary readjustment in Paranaguá
Seven hundred port workers at the Brazilian port of Paranaguá and Antonina have received a pay adjustment of approximately 27%. Their salaries have been effectively frozen since 2009.
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Cepal slams lack of Latin America investment
The Economic Commission for Latin America and the Caribbean (Cepal) has criticised the lack of investment in Latin American ports, warning that existing infrastructure is inadequate to absorb increasing export potential from the region.
