World News – Page 297
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Turkish Canal mooted
The Turkish prime minister has revealed his government is looking into a project to build a canal connecting the Black Sea with the Mediterranean paralleling the Bosporus Strait, one of the world''s busiest waterways.
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Marine corridor looks for partnership developer
The Port of Stockton and the Port of West Sacramento will be making available their Requests for Proposal (RFP) for a terminal operations and facilities manager for its M580/I80 Marine Highway Corridor Project.
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NewsEssar Ports shares go to market
Essar Ports stock has, following its demerger from Essar Shipping Ports & Logistics, realised a market capitalisation of around Rs 5,000 crore (USD$1,106m) from its entry onto the National and Bombay Stock Exchanges (BSE and NSE).
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Box discharge units bought by Adelaide
Three innovative units that allow containers to be used for bulk and discharged straight into a ship’s hold have been bought by DP World Adelaide.
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Viterra gains Montreal’s grain terminal
The Montreal Port Authority (MPA) has agreed that global agribusiness Viterra will lease and operate MPA’s Grain Terminal.
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NewsVietnam hub development stalls
It seems that the Van Phong project may have been the victim of the region''s success. The latest news is that work has been suspended for a year, with only a fraction of the necessary piling in place.
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NewsCall to tackle US harbour tax misuse
America’s use of its federal Harbour Maintenance Tax came under fire as House Transportation and Infrastructure Committee chairman John Mica spoke out against its misappropriation.
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NewsDownturn playing to privatisation push
The downturn has given some countries further justification for transport infrastructure privatisation, but care needs to be taken that funds are directed to the projects with the largest long-run social benefits.
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NewsRoom for investment
“Investment is a difficult question for those managers sitting in a European port,” says Richard A Butcher, group marketing and sales director of IMS UK.
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NewsShift in emphasis
Southern European ports need to focus on the move to feeder roles and value-add solutions to survive. John Bensalhia reports
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NewsBest bets for investment
Investment in ports located in South East Asia’s fastest growing economies will accelerate in the coming years, according to leading analysts and operators.
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NewsMaersk CFS blaze kills two
A fire that broke out at the container yard Maersk CFS Annex in Ennore, India last week killed two people and injured nine.
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NewsValparaiso tender dead in the water
The controversial concession for Valparaiso’s new Terminal 2 has stalled after the bid deadline passed without any offers.
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The perennial intra-Asian trade puzzle
The rate of growth of the intra-Asia container trades in recent years has been subject to much debate.
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NewsBoxed in by trade growth
Booming intra-Asia box movements have increased the clamour for more port investment in South East Asia. Michael King investigates
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NCC dry port to simplify logistics
In April 2011 Russia’s National Container Company (NCC) started to use the recently approved dry port technology at Logistika-Terminal (LT).
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NewsSheerness turbine deal could overhaul port
The Port of Sheerness has signed an option agreement with Vestas which would see 70 hectares of port land handed over for a wind turbine manufacturing and installation facility.
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NewsDP World share consolidation gets green light
DP World shareholders have approved a 1 for 20 share consolidation to “better reflect the value of the company”.
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NewsIndustrial unrest rocks Australian ports
Australia’s deteriorating industrial situation in the port sector is worrying the country’s shipping bosses.
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World Bank part funds Santos expansion
A subsidiary of the International Finance Corporation is to provide a long-term loan of $97m to finance expansion of container handling facilities at the port of Santos, in a project that will cost a total of $907m.
