World News – Page 338
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Klaipeda courts private investment
Klaipeda State Seaport Authority is seeking new private sector investment to develop infrastructure in the port. Incoming chief executive Eugenijus Gentvilas has stressed an urgent need for partnership with private capital, pointing out that existing port users should be given the possibility to make investment themselves. He added that with ...
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NewsAshdod port says no to new container capacity
Ashdod Port Company Ltd has written to the Israeli government to state that no new container handling facilities need building in the port for at least 15 years.
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Tender issue for Boubyan island
Kuwait is to issue a tender for the development of a port on Boubyan Island, located at the entrance to the waterway leading to Iraq''s main port in the Gulf.
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Asciano heads to the market
Australian ports investor Asciano is looking to the market to raise A$2bn (US$1.6bn) in order to reduce a debt burden estimated at A$4.9bn (US$3.9bn). The company examined a range of sale and recapitalisation offers in the knowledge that A$2.7bn (US$2.2bn)-worth of the debt is due to be settled this financial ...
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New York developments
The port authority of New York and New Jersey (PANYNJ) has approved the lease extensions that will allow the operation and future development of its Howland Hook Marine Terminal on Staten Island. This means the 202-acre Howland Hook facility''s existing lease will be extended through to 2058.
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NewsHPH backs away from Colombo tender
Hutchison Port Holdings has pulled out of bidding for Sri Lanka''s Colombo South Harbour terminal.
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NewsPSA-Sical prohibited from Tuticorin bid
PSA-Sical Terminals Ltd has been barred from bidding for the concession to operate a new container terminal at the southern Indian port of Tuticorin.
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B&B fund finds new identity
The part of Babcock & Brown that, among other interests, owns ICS Logistics, a leading operator of break bulk sea ports in Florida, Louisiana and Alabama, may have found a way out from under their parent company''s troubled shadow.
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Terminal 75 out to tender
Kaohsiung Harbour Bureau is to issue an international tender for the concession to operate Terminal 75, which is to be vacated in August by Maersk. Previously, China Ocean Shipping group had been rumoured to have been offered a lease.
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Double whammy for Brazil's Vitoria
There has been a double dose of good news delivered for the Brazilian port of Vitoria as, firstly, the Espirito Santo state government has promised to invest Reais242m ($125.4m) in the port and then Ports Minister Pedro Brito promised that the Reais117m dredging programme would be the next in Brazil ...
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Sierra Leone to privatise port authority
Sierra Leone Ports Authority is soon-to-be privatised by the National Commission for Privatisation. The commission has already concluded a survey and put together a written report, which has been discussed by all stakeholders. Employees of the ports authority are said to be supportive of such a move.
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DP World to sell equity stake as profits fall
Dubai-based private equity fund, Abraaj Capital, has been linked to a 15% stake in DP World, an approach that has been confirmed by the terminal operator.
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Government out of time on Farfán
Local sources claim that the proposed Panamanian mega-port of Farfá n will not now be implemented by the current government, which to date has been one of its biggest backers. Numerous attempts to build the port have been paralysed by a number of legal challenges.
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Break bulk cargo crippling Saigon
Limited capacity at Saigon port in Vietnam has led to unprecedented congestion of break bulk consignments. A maximum of 25 vessels can access berths at any one time and in recent months more than 15 vessels have been forced to wait at anchor for want of available slots. The Port ...
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Deadline extension for Colombo South Harbour
Bidders interested in building and operating the South Harbour at the Sri Lankan port of Colombo have been given a deadline extension until July 15, to compensate for changes that were introduced to the terms and conditions. The initial deadline had been set at June 15.
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NewsGraduates for APM leadership
Graduation ceremonies were held in May for the APM Terminals Magnum/Magnet leadership class of 2007 in The Hague, Netherlands.
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SSS terminal tender at Barcelona
Barcelona port authority is scheduled to issue a tender in respect of a new short sea terminal in the third quarter of this year, some 12 months later than originally planned. Expected to bid are two Italian operators: Grandi Navi Veloci and Grimaldi Ná poles.
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Port Said tariff incentives
Port Said Container and Cargo Handling Co has implemented a range of pricing discounts to encourage exporters, importers & investors to co-operate with its container terminal and dry port. The incentives include a 50% reduction in reefer power tariffs and 10 days free storage of import containers.
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SP-PSA starts up with 'Alexandrite'
SP-PSA International Port, Vietnam''s first deep sea container terminal, has celebrated the official start of operations at its new terminal in Ba Ria - Vung Tau province with the arrival of the APL Alexandrite.
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Prescott Lock opens
The new Prescott Lock, which gives barges of up to 350 tons direct access via the Thames and Bow Back Rivers to the UK''s London Olympics site at Stratford, has opened.
