World News – Page 306
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NewsUS budget cuts run counter to depth
Georgia Ports Authority''s request for $105m from America’s 2012 fiscal budget for deepening works at Savannah has been refused.
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DP World volumes up
DP World announced it handled 49.6m teu across its 50 terminals in 2010, an increase of 14% against the prior year.
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DP World – a model worth studying
American business students would learn a great deal from DP World’s business model: that’s the conclusion from a group of academics from some of America’s leading universities who visited the company’s HQ and facilities at Jebel Ali.
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Sinotrans to partner Nanjing port authority
Nanjing port authority has signed a contract with Sinotrans to undertake a $155m restructuring of the river port. Sinotrans will take a 45% stake in the new Nanjing Port Group; it already has a 10% stake in the new container terminal.
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NewsICTSI makes ‘best-managed’ list
International Container Terminal Services, Inc (ICTSI) was recently included in Euromoney’s Best-Managed Companies in Asia for 2011.
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NewsUK port snags wind farm manufacturer
Great Yarmouth port has been successful in snaring a proportion of the UK''s alternative energy market with the announcement that a wind farm foundation manufacturer is to set up shop at the port’s new, deep water outer harbour.
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NewsEquity acquisition funds TCP
A private equity firm is to acquire half of the shares of Brazil''s third-largest container terminal.
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Kiel’s “best ever”
Kiel handled 5.8 million tons of cargo last year, the best result ever recorded by the port. This was an 19,3 % increase over the previous year and considerably more than even the 5.3 million tons handled in 2007, the year before the economic crisis. Managing director Dr Dirk Claus ...
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Private sector key to Indian development
The Indian government believes that the private sector will handle half of the nation’s cargo by 2015.
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NewsKolkata lands in controversy
Troubles between Kolkata Port Trust (KoPT) and the state of Orissa’s local government about the port’s extension of its land are sparking threats of legal action.
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NewsRelief for Aussie ports as cyclone passes
Australian ports breathed a collective sigh of relief as they managed to escape relatively unscathed from the passing of Cyclone Yasi last month.
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NewsApapa improvements on the table
The Apapa container terminal has, as APM Terminals admits, had some “very challenging times” recently, but improvements and negotiations aimed at sorting out the delays are underway.
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Manta casts around for cargo
The Ecuadorian port of Manta is trying to attract coffee, cacao, banana and fish cargo generated by the Manabí region of the country that is currently shipped out via Guayaquil or Puerto Bolívar.
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Yanbu dry bulk facility
Saudi Ports Authority has signed a $36m contract to build a dry bulk berth at Yanbu commercial port. Work will take no more than 24 months.
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Syria to upgrade ports
Syria has announced a budget of $800m to develop its ports and shipping industry by 2015, partially driven by the reconstruction of neighbouring Iraq.
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New box terminal for Cadiz
Cadiz Port Authority has issued a tender for the construction of a new container terminal at the port. Construction will take 46 months, with a partial handover of territory after 34 months. The first phase opening will offer a quay of 598m and alongside draft of 16m.
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NewsGetting back on track
Dave MacIntyre investigates the long term implications for flood-hit Australia’’s coal export crisis.
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Libra to invest heavily in Brazil
Brazilian container terminal operator, the Libra group, plans to spend $713m over the next five years to double its handling capacity. In all, $327m will be spent at its installations in Santos, where it has five operating areas. A further $149m has been allocated to its Rio de Janeiro operation ...
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Peru's ports need $2bn
Lima Chamber of Commerce estimates that Peru needs to invest $2bn to improve the quality of its ports, equivalent to 20% of all the transport infrastructure requirements in the country.
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Barcelona’s rail connection
In early January, Barcelona’s two existing container terminals became the first in the country to have a standard gauge rail connection with the rest of Europe. The new Tercat terminal under construction will also be linked during the first quarter of this year.
