World News – Page 313
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Zeebrugge breakbulk terminal launched
International Car Operators (ICO) and Rhenus Holding Belgium have formed a joint venture company, Zeebrugge Breakbulk Terminal (ZBT), to cater for the breakbulk and project market. The terminal will be located at the Port of Zeebrugge’s deep and short-sea quays at its Noordelijk Insteekdok (Northern Inlet Dock).
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Top ports accused of loss-leading
New Zealand Institute of Economic Research (NZIER) senior fellow Brent Layton has challenged the prevalence of local authority ownership in the local port scene and effectively accused two of the country’s leading ports of loss-leading.
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Bonds issue by TPG
Tianjin Port Group is to undertake a short-term issue worth £147m, with a maturity of 365 days and underwritten by China Merchants Bank. Revenue generated is required to replenish working capital and finance ongoing engineering projects.
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Singapore reduces dues concession
The recovery in the global economy and shipping industry has prompted the Port of Singapore to reduce its port dues concession.
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NSW ports' minister announced
New South Wales has a new Minister for Ports and Waterways. Eric Roozendaal has been chosen by Premier Kristina Keneally and will also remain as Treasurer. Mr Roozendaal had six months in the role in 2005/06 and says he is committed to delivering improved ports infrastructure.
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NewsKenya asks for Lamu bids
Kenya is constructing a new port, just north of Mombasa, as part of an ambitious plan to open a trade corridor to Africa’s interior.
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NewsMajor investment for Ukraine ports
Ukraine''s Ministry of Transport & Communications has said it is seeking private sector investment to the tune of $470m at the ports of Illichivsk and Yuzhny.
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NewsNarrowing field for Brisbane sale
There are just two bids left for the port of Brisbane and its 10 million tonne coal facility, as investors Infratil and HRL Morrison have now dropped out.
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NewsPressure on to revive expansion plans
With economic prospects now brighter, the latest Drewry report notes that a revival of expansion plans in some areas may be too slow to avoid congestion.
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NewsChristchurch open but assessing quake damage
Lyttelton Port of Christchurch (LPC) says its priority is “keeping the port operational so that the essential food, fuel and other supplies needed by Christchurch can get through” despite suffering earthquake damage.
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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.
