World News – Page 295
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NewsRecovery still 'uncertain' for some
It''s a mixed picture that is emerging from the dust of the downturn, and there seems to be quite a lot of latitude when projecting trends.
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NewsReturn of Mexico’s mega-port plan
Mexico’s seaborne traffic is booming and this has set the stage for the return to the table of the mega-port project, Punta Colonet.
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NewsMore bumps for Lyttelton
Since the Lyttelton Port of Christchurch (LPC) admitted that it is battling subsidence following earthquake damage in September, the port has had to deal with speculation about the size of its insurance claim.
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Portek closes European office
Singapore-based Portek has closed its European office and shut down Portek Europe SA.
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Third Chennai box terminal approved
India''s Cabinet Committee on Infrastructure has given the green light for a project to build a large new container terminal in the port of Chennai. This will require investment of $800m and will be offered as a build-operate-transfer project, as part of a 30-year concession. Construction will take seven years ...
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The Philippines pushes full privatisations
Philippine Port Authority (PPA) is to privatise five ports in Visayas and Mindanao as a means of attracting private sector investment in infrastructure projects. To be put out to tender are Davao, Cagayan de Oro, Iloilo, General Santos and Ozamiz. All ports operated by the PPA are expected to be ...
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TCB commits to major investment
Barcelona''s TCB group is to invest €800m ($1.1bn) on expanding its port interests over the next five years. The investment will effectively double its existing handling capacity to 8m teu. Terminals in Buenaventura (Columbia), Ennore (India) and Ho Chi Minh (Vietnam) are all under development.
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New Mangalore box terminal to rise from ashes
New Mangalore Port Trust is reconsidering how to attract investors to build a new container terminal.
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Bolívar launches long-awaited tender
Ecuador’s Puerto Bolívar has finally issued a tender to build Berth 5 after nearly 17 years of planning. Total investment of $43m will be divided between the government and the Port Authority. The quay, which will be 240 m long, will be equipped with quayside gantry cranes to allow containerised ...
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San Francisco cold-ironing first
The Port of San Francisco has become the first in California to introduce a cold-ironing system. Initially, this will be available at Pier 27, which is used mainly by cruiseships.
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Strong US growth recorded
Import cargo volume at the US’s major retail container ports is expected to be up 11% in October over the same month last year and should continue to see strong year-over-year growth.
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Spain cuts port investment
Spain’s state budget for 2011 has allocated 18% less in port funding compared with 2010. A total of €1.15bn ($1.56bn) will be made available, down on the €1.28bn ($1.74bn) invested in 2010.
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Jade nets major contracts
Christchurch (New Zealand)-based Jade Software has won contracts to supply its container and general cargo terminal operating system to two marine terminal management companies in Iraq and Georgia.
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NewsPort Integration project takes off
Speedy, cost-effective freight flows that contribute to regional competitiveness while reducing environmental impact are at the centre of a new European ports project.
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Go ahead given for Dragados-SPL sale
Spain''s competition authority has given the green light to JP Morgan to acquire Dragados-SPL from existing owner ACS. The acquisition is being made at a cost of €720m ($977m). The assets will be controlled by a new company, Turia Port Investments.
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New South American port mooted
The governments of Bolivia, Paraguay and Uruguay are seeking finance from the South American Regional Infrastructure Integration Initiative fund to finance pre-feasibility studies for the construction of a deepwater port on Uruguay''s Atlantic coast. The fund was set up by 12 South American countries to promote regional infrastructure integration.
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DP World returns to 2008 levels
In the first nine months of 2010, DP World global traffic rose 15% to 36.7m teu, marking a return to 2008 levels.
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Marlborough suffers further losses
A 2% fall in revenue to NZ$17.8m (US$13.7m) and an after-tax loss of NZ$9.4m (US$7.2m) has been recorded by Port Marlborough during the financial year to June 30, 2010, a further 20% fall on the after-tax loss it incurred the previous financial year.
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Transnet bonds target infrastructure
South African ports operator Transnet is planning a $1bn bond issue early next year to fund infrastructure upgrades to include offloading 7,300 km of branch railway lines as private-sector concessions.
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Taman tender imminent
A tender is to be issued to design a new deep water port in Taman, Russia, which will be able to handle 85m tonnes of dry and liquid bulk. Terminals handling grain, coal, metal, containers and fertiliser are planned.
