World News – Page 341
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Libra keeps foot on investment
The Brazilian terminal operator Libra Terminais says it will continue investing despite the downturn in the economy.
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NewsUK's pre-budget report disappointment
Expressing frustration at the UK government''s refusal to cut duty on fuel as well as its stand on raising National Insurance Contributions, Roger Williams, CEO of the United Kingdom Warehousing Association (UKWA) has said "it was perhaps over-optimistic to expect any favours."
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T4 to start operations in Tangier in 2014
Marsa International Tangier Terminals is to assume management of T4 at the new Port of Tangier Med II. The 30-year concession was awarded last year to a consortium consisting of Marsa Maroc, PSA and SNI, although it is not clear whether PSA is still involved. The facility is slated to ...
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Aussies e-learn IMDG code
An IMDG Code e-learning course by Exis Technologies has now been included on the Australian Maritime Safety Authority''s website. This comes in advance of the mandatory training for all shore side staff involved in dangerous goods transport by sea that will take effect from January 2010.
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NewsNational Policy Strategy: increased investment
Setting out the UK government''s conclusions on the need for advancing port infrastructure, a new draft National Policy Strategy (NPS) has highlighted the need for increased investment over the next two or three decades and projects a definite requirement for increased capacity in the years ahead, despite the current downturn.
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Cuba commits to ports modernisation undertaking
The expansion of the Panama Canal has prompted Cuba to fund the expansion and modernisation of its three main ports in collaboration with China and Venezuela.
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Green issues
The clearance of a seven-year Environmental Impact Report logjam is one of the most important port issues from the point of view of the Marine Exchange of Southern California.
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NewsIndia to Liverpool link
Since around 60% of current trade from India to the UK is ultimately being delivered to within a 150-mile radius of the Liverpool, the local port authority has put two and two together, and looked at opening up a direct shipping service to the west coast of India.
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New transhipment port for Costa Rica
The National Concessions Board of Costa Rica is to permit technical studies to be carried out for a $700m transhipment terminal close to the existing Port of Moí n on its Atlantic coast. Results are expected within a year and a tender will be issued in mid-2011 should these suggest ...
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North Harbour development on track in Manila
A joint $312m bid by Metro Pacific Investments and Harbour Centre Port Terminal has been accepted by Philippine Ports Authority for the development and operation of the North Harbour at Manila.
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New multi-national box terminal in Russia
Russian, Chinese and North Korean investors are planning to open a new container handling facility at Primorskii Krai in Russia. The facility, which will eventually be able to handle 400,000 teu annually, will be built in phases.
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Russia to back Ust-Luga bonds
Ust-Luga Port in Russia is to issue state-backed bonds worth $695m.
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NewsNZ volumes down but boxes up
Forsyth Barr senior investment analyst Jeremy Simpson''s review of the annual reports of 11 New Zealand ports has revealed that total cargo volume comparably fell during the year despite a slight average increase in container throughput.
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Hamburg needs to upgrade infrastructure
Companies using the Port of Hamburg have called upon the government to rapidly implement port facility expansions.
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Tauranga performance praised
A market report prepared by Morningstar research unit, AspectHuntley, has praised the Port of Tauranga for doing a "remarkable" job of returning a 7.3% increase in net profit after tax to NZ$45m (US$ 33.6m) during the recent global recession-affected financial year.
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NewsAPM Terminals
Port and terminal operators are looking for ways to take costs out of their systems and provide the most efficient service possible, says Allison Enedy, director of communications at APM Terminals Americas.
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Aden seeks more transhipment traffic
The Port of Aden is looking to expand its infrastructure to enable it to attract higher levels of transhipment traffic. The two existing terminals are managed by a joint venture between a state-owned company and DP World. Design work on the planned extension is begin in 2010.
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NewsPorts free of Dubai woes - almost
The ports industry released what must have been a collectedly-held breath when on Wednesday the Government of Dubai finally told investors that DP World and its debt "are not included in the restructuring process for Dubai World."
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NewsBio-energy tie-in for UK ports
It seems UK ports are increasingly floating themselves on a Green revolution. Last week the Port of Tyne signed a 10 year agreement to handle and store between 0.5 million and 1.4 million tonnes of biomass per annum.
