World News – Page 306
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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.
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Chittagong efficiency in the firing line
Bangladesh''s Shipping Minister has put forward plans to boost efficiency at the port of Chittagong by the end of 2010, kick-starting the project with consultations with stakeholders.
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Fortaleza nets infrastructure funding
Brazilian Ports Minister, Pedro Brito, has made available $10.27m to the Ceará ports authority for the improvement of the Port of Fortaleza. Part of the money will be spent on upgrading paving and on building a general warehouse. A new installation for reefer containers will also be acquired.
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NewsChilean port tenders inspire bidders
Container terminal tenders for Valparaíso’s Terminal 2 and San Antonio’s Terminal Costanera Espigón have attracted interest from 17 potential bidders.
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Abbot Point tender released
Expressions of interest for the 99-year lease of Abbot Point Coal Terminal have been invited by the Queensland Government. The Government plans to privatise a large proportion of state export infrastructure, and is expecting the lease offer to attract strong interest from infrastructure and pension fund investors.
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NewsSnow forces UK port closures
Heavy snow and icy conditions have brought two of the UK’s main hubs to a standstill, with Southampton and Felixstowe both shutting up shop today.
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Callao terminal up and running early
The latest and largest container terminal on South America’s west coast has been officially opened, a year ahead of schedule after just over two years of construction work.
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Revenue up for Essar
The ports division of Essar Shipping Ports & Logistics Ltd has announced a revenue increase of 53% for the quarter, year-on-year.
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Antwerp introduces major investment programme
The port of Antwerp has unveiled a $2.2bn investment programme, which it will implement over the next 15 years. The amount is double its previous budget and aims to increase its competitiveness, as well as maintaining its position as Europe''s number two port. As from 2011, port dues will be ...
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Brazil’s u-turn on concession extensions
The Brazilian government has declared that it will not extend concession agreements signed by port terminals before the 1993 Modernisation of Ports Act in contradiction to a resolution passed by the National Waterway Transport Agency (Antaq) allowing such renewals.
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Paperless ports to boost Brazilian throughput
Brazil''s Ports Secretariat (SEP) is to tackle a lack of information, communications problems, non-registered documents and a lack of operational security at its ports.
