World News – Page 303
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NewsEyeing the anomalies of port law
A new academic organisation has been launched with an inaugural lecture entitled, “The scope of the law ends where the port area begins - the anomalies of port law”, delivered by Professor Eric Van Hooydonk.
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Continuing expansion in Baltic
DB Schenker Rail Polska continues to invest in expanding its facilities at Szczecin and Swinoujscie Baltic Sea ports in order to increase its transhipment capacity.
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Hyundai to build Kuwaiti port
Hyundai Engineering and Construction Company of South Korea, in a joint venture with local company the Kharafi Group, has been awarded a $1.1bn contract by Kuwait to build a new port near the border with Iraq. This will open in 2015 with four berths.
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Global given new terminal area
New York & New Jersey Port Authority has acquired a 98-acre area occupied by Global Terminal, adjacent to the Northeast Auto Terminal. Global will now be offered a 37-year concession contract, allowing it to continue handling containers at the former vehicles terminal, which occupies an area of 170 acres.
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NewsPursuing iron ore export opportunities
With buyers looking to diversify their purchases of iron ore to avoid reliance on Brazil and Australia, and India enjoying a shipping cost advantage into China, iron ore port developments have been moving apace.
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Vancouver air awards
A user-friendly incentive for shipping lines that reduce emissions has been launched by Port Metro Vancouver.
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Maputo extends agreement
Maputo Port Development Company in Mozambique has had its concession agreement extended for an additional fifteen years, taking the contract to 2033.
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Solutions suffering from ports’ power play
Port owners and shipping companies are flexing their muscles when it comes to supply chain negotiations, according to an independent market survey of nearly 200 industry port owners, consultants and contractors.
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NewsEnthusiasm for Pipavav shares points the way
Gujarat Pipavav Port has raised Rs5.08bn ($107m) from its floatation, Rs1 per share over that agreed by the anchor investors.
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NewsUkraine ports hold up grain shipments
While Ukraine''s government has delayed official quotas on grain exports, it seems customs at Odessa, Nickolayev, and Ilyichevsk ports have already put a de facto ban in place.
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Uganda offered land for port on Tanzania coast
Tanzania has offered Uganda land adjacent to the port of Tanga, which is close to the Kenyan border, to build its own import-export facility. At present, landlocked Uganda has to make use of Mombasa Port, which is currently highly congested.
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Newcastle secures expansion funds
Finance has been secured for an A$900m (US$807m) expansion at Newcastle, the world’s largest coal export port, with export capacity at the New South Wales port planned to reach 180m tonnes per year by 2013.
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NewsA positive landscape for private investors
Indian trade is pushing new boundaries but port capacity is struggling to keep up, writes Michael King
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Melbourne dredging comes in under budget
The Port of Melbourne has completed its dredging project nearly a quarter of a billion Australian dollars under budget.
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Ukraine to privatise ports
The head of the State Property Fund Ukraine has reiterated that Ukrainian ports will definitely be privatised.
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LPC adds inland resource
Lyttelton Port of Christchurch (LPC) has acquired 7.3 hectares of industrial land adjacent to its inland port operation, CityDepot.
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Second box terminal for Dar es Salaam
Construction of a $450m second container terminal at the port of Dar es Salaam is expected to begin early next year. Since 2004, box traffic at the port has grown by 15% a year, although the existing container terminal area has remained static. The new terminal will have a 600,000 ...
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NewsSize will matter in Middle East
Saudi’s Red Sea Gateway Terminal (RSGT) in Jeddah Islamic Port is betting on the outlines of the Middle East’s maritime industry being substantially pushed by the bigger sizes of vessels entering the market.
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Qingdao to have largest global iron ore terminal
The Chinese port of Qingdao has revealed plans to build the world''s largest iron ore handling terminal. A total of six berths will be opened at Dongjiakou harbour, boosting capacity to 192m tonnes by 2030. This new facility will act as a national dry bulk distribution centre by the end ...
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Russia needs ports investment
Russian ports are a good medium-term investment, according to an analyst at Gazprombank. Alexei Atapov said that Russian port infrastructure is currently inadequate and lacks capacity. As a result handling charges are high and terminal operators can make very high profits.
