World News – Page 322
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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.
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NewsEnnore boxes won by Euro-Indian bid
This week saw the concession for the first container terminal in Ennore, Chennai’s new challenger, finally being settled. The tender has caused interest primarily because of the growing strategic importance of the automotive sector on India’s east coast.
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NewsBig ships still pose a challenge
Although ports and terminals may have passed the "stress test" of the recent decline in global container volumes, there are still challenges to come, including handling the larger ships now entering the market says Christian Laursen of APM Terminals.
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NewsProposed “tax holiday” for LA port businesses
Port of Los Angeles executive director Geraldine Knatz has welcomed the proposal of a “Business Tax Holiday” for new businesses opening in Los Angeles.
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NewsInternational ports confirm commitment to cluster study
An agreement has been signed that brings a wide ranging and international group of port clusters together with Valencia port to examine best practice issues.
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NewsUK budget brings backdated rates reprieve
This week''s UK Budget announced funding to waive £175m of backdated business rates demands that had been levied on ports businesses.
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Marco Polo call passes landmark
With 101 proposals received by the call deadline, the third Marco Polo II call for project proposals has attracted a record number of submissions in 2010, beating all previous calls since its 2007 launch.
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NewsUkrtranscontainer will have its day in court
The claim by Ukrtranscontainer (UTC) against the Ukrainian Government for investment rights violation is moving into the European Court of Human Rights.
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NewsPort Botany expansion benefits region
Construction companies and workers across New South Wales have reaped the rewards from the State Government’s A$1bn (US$876m) Port Botany Expansion project.
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NewsNo more bids for Forth Ports – for now
A recent spate of takeover bids for the UK''s Forth Ports has come to an end, with would-be suitor Northstream withdrawing a last-ditch attempt to secure the interest of Forth’s board with a £15.00 ($21.70) per share proposal.
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NewsMobile's pledge to stay open, despite spill
The Port of Mobile has said that remaining open to commercial traffic even in the face of the Deepwater Horizon disaster is a necessity, given the economic trials caused by the oil spill.
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NewsZeebrugge terminal share goes to SIPG
Shanghai International Port Group (SIPG) has acquired a 25% stake in Belgium’s multi-user Zeebrugge box terminal from APM Terminals (APMT), for €27.16m ($33.7m).
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Limon's $950m price tag
Plans to build and operate a new port complex in Costa Rica''s eastern Limón province have attracted a $950m price tag, port authority president Allan Hidalgo has said.
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La Union opens for business
El Salvador''s La Union port opened on May 31, after receiving the ship and port facility security code (ISPS code) approval required to begin operations, an official from maritime ports authority AMP has confirmed.
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E-petition to end piracy
An unprecedented coalition of organisations have joined forces to back a global e-petition demanding concrete action “to end the piracy that is putting lives at risk and threatening world trade”.
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NewsNigeria climbs Onne up
The Port of Onne''s West Africa Container terminal (WACT) has recorded container volume growth of 18% through May 2010, compared with the same period in 2009, as West Africa and other economically emerging markets set the pace for trade recovery.
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NewsIndia’s antimonopoly policy “a disadvantage”
A controversial Indian antimonopoly port policy that is being formulated to encourage more players to invest in the sector may actually be regressive according to some industry sources.
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NewsOperators struggle to tackle excessive downtime
An exclusive market report by Trelleborg Marine Systems and Port Strategy magazine reveals that 75% of downtime in many ports is unscheduled and likely to be costing the industry large amounts of money due to reduced operating efficiency.
