World News – Page 309
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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.
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Port Botany racked with congestion
The new IT system at DP World''s Port Botany container terminal in Australia has been blamed for serious delays at the facility.
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NewsGlobal funds win Brisbane lease
An investment consortium has won the right to a 99-year lease to operate the Port of Brisbane.
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PSA-Sical challenges Tuticorin exclusion
PSA-Sical has approached India''s Supreme Court to overturn an exclusion on bidding for the concession to convert Berth 8 at the port of Tuticorin into a container terminal. Given that the company already operates an alternative facility in the port, it was excluded from any future bidding on monopoly grounds.
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Dalian prepares IPO
Northern China''s largest port operator, Dalian Port, is to undertake a $556m IPO, consisting of the sale of 1.2bn shares to its major shareholder, PDA Corporation, as part of a share placement. Citic Securities will underwrite the offering.
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Stevedores strike tarnishes French port reform
Industrial action has marred the introduction of the French ports law reform.
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Manaus tender deadline extended
Brazil''s Ports Secretariat (SEP) has extended the deadline for bids to build a new port at the city of Manaus for a second time. The port is required to service the Manaus Industrial Estate. The initial deadline was set for August 31, but later extended to November 12. Interested bidders ...
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Panama Canal ties in with Galveston
The Panama Canal Authority has signed a Memorandum of Understanding (MoU) with the Port of Galveston to facilitate international trade and generate new business by promoting the “All-Water Route”, the route from Asia to the US East and Gulf Coasts via the Panama Canal.
