World News – Page 344
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Second Tuticorin box terminal tender
Following a delay of four years, a tender encompassing construction of a second container terminal at the south Indian port of Tuticorin is finally to go ahead. The original tender resulted in legal action by PSA-Sical, which had been excluded from bidding. The new terminal has an estimated cost of ...
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Israel to privatise Ashdod and Haifa
The Israeli government is to go ahead with the privatisation of the Ashdod and Haifa port companies.
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Indonesia to limit port concessions to 30 years
In draft legislation, the Indonesian government is planning to limit all port concessions to no more than 30 years.
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Hutchison to issue bonds
Hutchison Whampoa Limited, the parent company of Hutchison Port Holdings, has begun marketing the sale of $3bn in bonds.
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Asciano in stable position
Australian port investor Asciano has reported success with its capital-raising programme but remains cautious on the prospects of full economic recovery.
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MOL renews LA lease
Mitsui OSK Lines subsidiary TraPac has renewed its long-term lease contract for a container terminal at the Port of Los Angeles.
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NewsBilbao stevedores go on short time working
Bilboestiba APIE, the main stevedoring group at the port of Bilbao, has withdrawn an earlier redundancy plan after consultations with workers.
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TICTS loses exclusivity
Tanzania International Container Terminal Services has lost its right to exclusively handle containers in the port of Dar es Salaam for 25 years.
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Drastic measures for Greymouth
An asset-sale, reduction to skeleton three-person staff and returning of governance to the Grey District Council are among measures being pursued for the debt-ridden Port of Greymouth.
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Brazilian port contracts under scrutiny
Brazil''s Commission on Financial Oversight is to investigate contracts awarded for work worth $285m at 16 of Brazil''s ports. These involve dredging and infrastructure, as well as upgrades to existing installations.
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Injury time down for APM
APM has revealed positive results from its drive for a ''safety culture'', reporting a decline in Lost Time Injury Frequency (LTIF) to rate of 4.8 from 7.7 a year ago.
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Primeport advocacy formed
Representatives of workers, business and local Government have established a "Timaru Port Network" to advocate for the port and user''s interests, following Fonterra switching the majority of its local Clandeboye dairy exports to rival Lyttelton Port of Christchurch.
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US figures still in decline
The latest US containerised import statistics reveal a 19.3% drop in the second quarter of 2009 compared with the same period last year, according to PIERS Trade Horizons.
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NYK pulls out of Tacoma terminal agreement
The Japanese terminal group Nippon Yusen Kaisha (NYK) has cancelled plans to build a dedicated container terminal at the US port of Tacoma, which would have required investment of $300m.
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NewsSantos needs $5bn investment
The port of Santos needs investment of $5bn to prevent capacity restraints stifling economic growth, a recent study has concluded.
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Antwerp applauds invoking of deepening treaty
The Dutch government has implemented a treaty on deepening the Scheldt estuary, a move supported by Antwerp Port Authority.
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NewsBox terminal projections face heavy scrutiny
The ''build it and they will come'' attitude for container terminals is out, according to Romain Py, senior partner, JP Morgan Asset Management-Infrastructure Investments.
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NewsBanks open for limited port business
Banks offering finance to ports are "open for business", according to DnB NOR Bank, but "opening hours are limited".
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NewsUK government urged to act now to protect port assets
UK port executives have urged the government to start supporting the port industry, or risk losing out on business to mainland Europe.
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NewsNgqura unloads its first ship
The new deepwater Port of Ngqura, South Africa, has welcomed its first commercial containership - the MSC Catania.
