World News – Page 322
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Kochi port to sell land to tide it over financial difficulties
India''s Shipping Ministry has given Kochi Port Trust permission to release some of its land for a period of 60 years to help it during the current financial crisis. In all, 20 acres of waterfront on Bolghatty Island and a further eight acres in Marine Drive have already been offered ...
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NewsPANYNJ city-port developments secured
The Port Authority of New York and New Jersey has agreed to purchase approximately 130 acres of property at the Marine Ocean Terminal at Bayonne (MOTBY), a significant expansion of port facilities and one that will position the region’s port for future growth.
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NewsHonours for clean air initiatives
Five local maritime and cargo companies that have taken extraordinary steps to improve air quality collected honours at the third annual Air Quality Awards, presented by the ports of Long Beach and Los Angeles.
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IRSL to operate new Pars port complex
The operation of seven berths at Pars Port Complex in Iran has been transferred to the Islamic Republic of Iran Shipping Lines, which will also have responsibility for future investment.
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Russia to up port investment
The head of the Investment and Development Committee of the Association of Commercial Sea Ports has said that Russia will invest $42m, compared with $50m last year, in improving port infrastructure.
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New face throws cap into Brisbane bidding ring
New Zealand infrastructure investor Infratil has announced it is interested in adding its name to the bidding groups for the 99-year lease over Port of Brisbane being offered by the Queensland government.
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NewsIndian port expansion conference
An event is being planned to tackle some of the more specific issues thrown up by Indian port expansion plans. The region’s ports are facing high growth, but Lieve Dries, COO of Noppen, points out efficiency is lacking.
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NewsRussian box throughput rise
The aggregated throughput of the National Container Company terminals in St Petersburg and Novorossiysk (FCT and NUTEP) in the first half of 2010 rose by 32% compared to the first half of 2009.
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ESPL grows capacity
Essar Shipping Ports and Logistics’ revenue increased by 18% quarter on quarter. ESPL’s key highlights for the period include the start of operation of its deep draft all weather port at Hazira.
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NewsIndian port services “key area” for Eredene
Eredene Capital has bought an 8.22% stake in a leading Indian port services operator for $11.1m.
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ICTSI’s Asian boost
International Container Terminal Services (ICTSI) has reported promising initial half-year results boosted by Asian demand. Consolidated volume reached 2m teu in the first half of 2010, 26% higher than the same period in 2009.
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Kiel throughput up
Cargo handling in the Port of Kiel increased by 13.4% in the first half of the year to 2.7m tonnes. Further, utilisation of the Ostuferhafen part of the port has risen to more than 80%, underscoring the need to expand its capacity.
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NewsEssar to divide
Essar Shipping Ports & Logistics Ltd (ESPLL) is to split itself into two businesses under the ESPLL parent: Essar Ports and separately Essar Shipping.
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NewsContainers to have ‘banner year’
World containerised trade volumes are forecast to reach nearly 10% growth this year, with a slightly stronger recovery of 10.6% on the main East-West trade lanes, before slowing, according to IHS Global Insight''s World Trade Service.
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NewsUst-Luga will no longer languish
Development of the Ust-Luga Container Terminal (ULCT) is now again underway after the resolution of recent conflict through one party selling its 50% stake in National Container Company (NCC).
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NewsOne hour turnaround in Liverpool
A £1.1m IT system installed at the Port of Liverpool has led to improvements in customer service, with 95% of truck drivers now processed through the port within an hour.
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NewsVolume predictions ‘less science, more art’
Volume forecasts are becoming ‘less of a science and more of an art’, says Robert Hambleton, chief operating officer of the Suez Canal Container Terminal (SCCT) with the implication that local markets will play an increasingly important role.
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NewsMotorways of the sea boost for Marseilles
Eighteen partners from France and Tunisia have signed a new agreement focusing on ro-ro traffic between Marseilles and Tunis-Rades – the first to link Europe and North Africa under the European Union’s Mediterranean ‘motorways of the sea’ project.
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NewsKarnataka iron ore ban slows ports
The Indian region of Karnataka’s ban on iron ore exports hit port movements in August.
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NewsTime to celebrate
After a two-year battle against massive backdated business rates bills, port companies are celebrating a triumph they had scarcely dared to dream of. Felicity Landon reports
