World News – Page 322
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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.
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Uganda offered land for port on Tanzania coast
Tanzania has offered Uganda land adjacent to the port of Tanga, which is close to the Kenyan border, to build its own import-export facility. At present, landlocked Uganda has to make use of Mombasa Port, which is currently highly congested.
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Newcastle secures expansion funds
Finance has been secured for an A$900m (US$807m) expansion at Newcastle, the world’s largest coal export port, with export capacity at the New South Wales port planned to reach 180m tonnes per year by 2013.
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NewsA positive landscape for private investors
Indian trade is pushing new boundaries but port capacity is struggling to keep up, writes Michael King
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Melbourne dredging comes in under budget
The Port of Melbourne has completed its dredging project nearly a quarter of a billion Australian dollars under budget.
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Ukraine to privatise ports
The head of the State Property Fund Ukraine has reiterated that Ukrainian ports will definitely be privatised.
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LPC adds inland resource
Lyttelton Port of Christchurch (LPC) has acquired 7.3 hectares of industrial land adjacent to its inland port operation, CityDepot.
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Second box terminal for Dar es Salaam
Construction of a $450m second container terminal at the port of Dar es Salaam is expected to begin early next year. Since 2004, box traffic at the port has grown by 15% a year, although the existing container terminal area has remained static. The new terminal will have a 600,000 ...
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NewsSize will matter in Middle East
Saudi’s Red Sea Gateway Terminal (RSGT) in Jeddah Islamic Port is betting on the outlines of the Middle East’s maritime industry being substantially pushed by the bigger sizes of vessels entering the market.
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Qingdao to have largest global iron ore terminal
The Chinese port of Qingdao has revealed plans to build the world''s largest iron ore handling terminal. A total of six berths will be opened at Dongjiakou harbour, boosting capacity to 192m tonnes by 2030. This new facility will act as a national dry bulk distribution centre by the end ...
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Russia needs ports investment
Russian ports are a good medium-term investment, according to an analyst at Gazprombank. Alexei Atapov said that Russian port infrastructure is currently inadequate and lacks capacity. As a result handling charges are high and terminal operators can make very high profits.
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Chile needs to speed up port investment process
Ricardo Sanchez, head of the Infrastructure Services Unit of the Economic Commission for Latin America, says Chile faces a 14.4% annual traffic growth in its ports in the near future.
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Investment regenerating Central American ports
Ports in Central America are investing as a means of remaining regionally competitive, according to the Central American Commission for Maritime Transport (Cocatram).
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Ports lobby for reclamations
New Zealand’s port companies are lobbying to repeal part of the 2004 Foreshore and Seabed Act and once again be granted a fee simple title on new land created as a result of reclamation.
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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.
