World News – Page 322
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India to force ports to offer compensation for congestion delays
The Indian government is looking into the possibility of forcing ports to pay compensation to traders if their cargo is delayed because of congestion at the port. The proposal from the Commerce Ministry has been passed to the Shipping Ministry for final consideration.
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Taranaki safety concerns
Members of Taranaki’s port community have expressed strong concern that safety and efficiency is being compromised by the absence of a local maritime safety inspector (MSI).
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Commercial pressures bear on Tongling
The ex-chairman of Tongling Port Group, Wu Zhaolai, has said that the recent sale of his former company to a local conglomerate may not be the best way forward for the development of the port city.
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IPOs delayed at Israeli ports
IPOs at both Haifa and Ashdod ports in Israel have been suspended given that the Finance Ministry and port operators have failed to resolve a series of outstanding issues.
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Trieste/Monfalcone seeking to create major box facility
Trieste Port Authority has confirmed its interest in a project put forward by the UniCredit Group to build a large platform spanning Trieste and Monfalcone ports capable of handling 3.2m teu/year. The project has already received preliminary approval from several Italian ministries, although the funding will be entirely from the ...
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Port Botany gains green approval
For the second year running Port Botany’s Container Terminal Expansion has been given the tick of approval from an audit looking at environmental and planning impacts.
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NewsPort predictions need to evolve
Since the downturn, the world of forecasting has suddenly become much more complicated, and the industry needs to stop ''dumbling down'' port traffic predictions, according to Graham Cox of Maritime Traffic Forecasts.
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NewsLatin America investing in ports
In the last two years, ports in Chile, Colombia, Panama and Peru have invested $1.38bn in upgrading port infrastructure, while Brazil''s ports have spent $1bn since 1995.
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NewsSoutheast Asia forum inks 26 projects
Port and shipping companies from China and Southeast Asian countries have agreed to strengthen cooperation in a bid to handle increasing volumes at the fifth Pan-Beibu Gulf (PBG) Economic Cooperation Forum, a participant told PS.
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Abu Dhabi to issue bonds
Abu Dhabi Port Company is preparing a $1bn bond issue for early 2011 as a means of financing Khalifa Port & Industrial Zone. The National Bank of Abu Dhabi has been appointed as financial adviser, although no arranger has yet been appointed.
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CMA CGM linked to West Java investment
CMA CGM has been linked to a new 10,000-hectare port development at Cilamaya, Karawang, in West Java. This new facility, which will have a 10m teu capacity, is scheduled to replace Tanjung Priok port over the next 5-10 years.
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Global shipping fleet feeling affect of congestion
A recent snapshot study suggests that congestion at global ports is on the increase, particularly in respect of bulk carriers.
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NewsDammam facing major congestion
Problems at Saudi Arabia”s Dammam port has prompted some shipping lines to threaten a boycott, transferring calls to other ports in the Gulf.
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DP World postpones London listing
Port operator DP World has clarified its position on its planned London listing to Port Strategy.
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NewsHalf of Santos’ venture sold to APMT
Brasil Terminal Portuario (BTP), a new container terminal being built in Santos, is to be 50% owned and managed by APM Terminals since Terminal Investment Limited has just sold it a half share in the venture.
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Fraud uncovered in Apapa
APM Terminals claims to have uncovered fraud worth $153,000 involving six customs agents working at its Apapa terminal in Nigeria.
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Iskenderum to be privatised
Turkey''s Privatisation Administration has put back the bidding deadline for a 36 year-concession at the Mediterranean port of Iskenderun from August 4 to September 16. Initially, the port was offered to the private sector in 2005, although the tender was cancelled in December 2006 by the Council of State.
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Congestion surcharges applied at Jawaharlal Nehru
Several shipping lines have applied congestion surcharges for containers passing through Jawaharlal Nehru Port, although the Port Trust and container train operators deny accusations of congestion. An additional $60 per teu is now being levied by lines such as Maersk.
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Second Montevideo box terminal getting second look
Authorities in Uruguay are taking a second look at the project to build a second container terminal in the port of Montevideo.
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Financial scandal linked to Port Klang
Ling Liong Sik, a former Malaysian Transport Minister, has been charged as part of $1bn scandal linked to Port Klang Free Zone. Ling’s involvement was in persuading the government to spend an additional $227m on acquiring additional land for the Free Zone development.
