World News – Page 339
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NewsDP World linked to London IPO
DP World is being linked with the possible sale of shares on London''s stock exchange, with the company hoping to join the FTSE 100 index of shares.
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Criticism aired of CAP port acquisition
Juan Rassmuss, director of Invercap, the parent company of Chile’s CAP, has criticised the management of CAP for the purchase of the port of Las Losas from its CMP subsidiary at a cost of $23.7m.
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Short sea project in California gains $30 million in TIGER grants
Short sea shipping, albeit of the container on barge variety, along designated Marine Highways, got a glimmer of good news. A trio of ports in Northern California has been awarded $30 million, under the Transportation Investment Generating Economic Recovery (TIGER) program. In project expected to cost $69.3 million overall, truck ...
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Chennai looks for terminal share partner
Chennai Port Trust is discussing with PSA-Sical the possibility of sub-letting part of its new container terminal, given that it is currently handling fewer than 20,000 boxes.
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NewsSouthern ports merger gains pace
Port Otago’s sole owner, the Otago Regional Council (ORC), has declared strong interest in merging with Lyttelton Port of Christchurch (LPC) and has voted to consult its public on the issue.
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Maersk reports first loss for 60 years
Maersk has reported its first annual loss for 60 years and also forecasts making a modest profit in 2010 given its inability to increase prices.
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HPH sacks Amsterdam management team
Hutchison Port Holdings has dismissed the 11 of its 12 senior management team at Amsterdam Container Terminal.
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NewsIndustry slams UK Government policy
The UK government has recently received two severe rebukes over its ports and shipping policies from significant industry players, who have called developments hasty and “half-baked”.
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Marco Polo programme call for proposals
The 2010 call for proposals for a portion of the €64m ($88m) Marco Polo fund has been published on the organisation’s website.
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NewsAntwerp aims at international stakes
Antwerp has just announced it has its eye on acquiring stakes in foreign projects, and Nico Vertongen, a director of Antwerp’s newly created subsidiary, Port of Antwerp International (PAI), tells Port Strategy why.
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NewsThings are looking up – if you have the cash
Despite the pressure of increased environmental compliance, 2010 will be a good year for anyone in the shipping industry with cash and access to finance, said shipping accountant and adviser Moore Stephens.
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NewsNew port for West Bengal
The Indian government has recently proposed partially funding the development of a port on Sagar Island in West Bengal, hoping to release the bottleneck that presently strangles the area.
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NewsIndian Ocean: A businessman's paradise?
Mauritius is leading the Indian Ocean pack with its willingness to engage foreign investors, as Stuart Pearcey discovers
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NewsPorts still feeling impact of Chilean quake
The Chilean port of Valparaiso is reported to be 90% operational following the recent earthquake, however ports close to the epicentre at Concepcion have fared less well.
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NewsSustainable vision for Hamburg dock
Maritime engineering and environmental consultancy Royal Haskoning has just won first place in a competition to create a concept for Hamburg’s central dock area, based on a sustainable urban maritime development.
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NewsLiberian development goes to APM
APM has won a 25 year concession at the Port of Monrovia in Liberia as part of a public tender process.
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On the right tracks
Rail and road links are opening apace – necessary since China is pulling in larger and larger amounts of natural resources through its ports.
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NewsA value-for-money approach
APM terminals’ Asia Pacific operation has been in the thick of the recent industry upheavals, and while there are some positives signs of growth, the squeeze is still on.
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NewsUS abandons 100% scanning target
The latest United States budget has moved away from the aim of scanning 100% of US-bound container cargo at over 700 foreign ports.
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NewsForth bids spark expectations
The battle for Forth Ports, owner of some of the UK’s largest facilities, is heating up with the company’s share price positively reflecting the strong interest.
