World News – Page 308
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Singapore maintains discounts
Containerships calling at the Port of Singapore will now be able to take advantage of the 20% reduction in port dues until 30 June 2012 following a decision to extend the concession by a further two years. Container vessels represent 14% of the total number of calls at Singapore ports.
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New terminals for Colombo
The port of Colombo in Sri Lanka is to build three new terminals, spending $334m on redeveloping the port, with finance sourced from the Asian Development Bank and Sri Lanka Ports Authority.
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UK port traffic picture hazy
The UK’s Department of Transport has published provisional statistics on freight traffic at its major ports which shows, at best, ports suffering from a slight fall with exports helping figures somewhat.
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Worked killed at Tauranga
A 61-year-old man died of severe head and chest injuries after being struck by a forklift at the Port of Tauranga on the night of June 21.
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Saudi Arabia takes first privatisation steps
Saudi Arabia''s eight state-owned ports will be managed by an independent company as part of a gradual privatisation process, Saudi Ports Authority has announced.
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DP World denies disagreements with Egyptian government
Media speculation that DP World is in dispute with the Egyptian government over Sokhna Port has been publicly denied by the Emirates-based operator.
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Complaints continue from Paita
Exporters using the Peruvian port of Paita, as well as the local chamber of commerce, have revealed that there are irregularities in the contract signed between Terminales Portuarios Euroandinos (TPE) and Proinversión, the state body which awarded its concession.
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Ningbo IPO
Ningbo Port Company is to raise $1.9bn via an initial public offering on the Shanghai stock exchange. Analysts, however, believe that interest in transport stocks is on the decline, especially given uncertainty over recovery from the global recession.
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Tariff war killing haulage firms in Indonesia
The current tariff war at the Indonesian Tanjung Priok Port is threatening to put several more road haulage companies out of business.
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Antwerp snaps up terminal stake
Antwerp Port Authority has taken a stake in the Beverdonk Container Terminal, the open access terminal along the bank of the Albert canal in Grobbendonk.
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NewsUK box port set to expand
Teesport has announced an expansion of its container facility from its current capacity of 235,000 teu to 450,000 teu. However, this first phase could be scaled up to almost double the present investment of £15m.
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Recession hits Piraeus
Piraeus Port Authority reported a loss of €33.6m ($41.4m) last year compared with a profit of €5.6m ($6.9m) in 2008. The deep recession being experienced by Greece is also dramatically cutting the amount of cargo being handled this year.
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Victorian about-face
Victoria’s Liberal-National opposition party is pressing the state government to include the private sector in a fast-tracked plan for a container terminal at the port of Hastings. The party said it would look to possible public-private partnerships, perhaps including the road and rail infrastructure for the port. Previously, the Victorian ...
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Dry bulk an important asset
In addition to containers, Chile''s San Antonio is also an important port for regional bulks, although volumes dropped 14% last year to 4.15m tonnes as a result of the global recession.
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NewsNo stranger to competition
For Sociedad Portuaria Regional de Buenaventura SA (SPRBUN) general manager Domingo Chinea, competition is nothing new in the Colombian port.
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NewsShrewd asset management gives Virginia the upper hand
The Virginia Port Authority (VPA) has brought APM Terminals'' high tech Virginia box terminal under its wing, which means VPA now controls most of the major operations throughout the whole of Virginia’s ports area.
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News“Business as usual” at LA despite staff walkout
A seven-day strike by clerical workers at the Port of Los Angeles has yet to hit day-to-day operations with managers taking up the slack of striking staff.
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NewsPeel Ports boss ‘has left with immediate effect’
Peel Ports chief executive Stephen Baxter has left the company ‘with immediate effect’, an internal company announcement has confirmed.
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NewsAustralian ports gain project investment
Two major initiatives are boosting port expansion and development in Australia – one is part of new Australian agreements with China. The other is a major initiative by the New South Wales government.
