World News – Page 345
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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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Yangshan now biggest port in the world
China claims that the new Shanghai Yangshan port that entered operations this autumn is the world''s largest in terms of container handling. Construction began in 2002 and culminated in the building of 16 berths along 5.6 km of coast. Capacity will be in the region of 10m teu.
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Gulftainer invests in the future
United Arab Emirates-based Gulftainer is optimistic that throughput at its Sharjah Container Terminal "may show some growth" this year in defiance of the global downturn.
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NewsThroughput boost for Syria's TICT
Syria''s Tartous International Container Terminal (TICT) recorded a 44% increase in container throughput during the first six months of the year over the same period in 2008 and is gearing up for a further increase in volume and vessel calls over the coming months, according to Romeo Salvador, TICT general ...
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Danes asked to fund Vietnamese ports
The Vietnamese prime minister on a visit to Denmark asked the Danish Premier for financial aid to develop seaports. This follows the inauguration of a new Maersk service linking Vietnam to US Pacific ports.
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NewsBy-passing the Gulf
Are port infrastructure development projects aimed at placing Saudi Arabia as the transhipment hub of the Middle East? Patrik Wheater reports
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Cargill terminal tender issued
The Dockworkers Company of the State of Sã o Paulo (Codesp) has issued a tender for the bulk solids terminal formally managed by Cargill, whose own contract expired in 2005, but was temporarily extended for four years. A new award is expected to be made by early November at the ...
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3i eyes third port project in India
The London-based private-equity investor, 3i Group Plc, which has amassed a $1.2bn infrastructure fund for India, has announced it is seeking a third investment opportunity in the country.
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Chittagong corruption commission
Bangladesh''s Anti-Corruption Commission has appointed a three-person team to look into corruption allegations at the port of Chittagong. The decision was prompted by a request from the Shipping Ministry.
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Uganda to open Mombasa box terminal
A reciprocal agreement between Uganda and Kenya is to result in the construction of a dry dock and container terminal in the port of Mombasa to handle cargo from Uganda. These, it is hoped, will help reduce congestion. A 3,075-acre piece of land has been identified at the port and ...
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Private sector installed on Magdalena River in Colombia
Colombia will receive $62m over the next 30 years from private-sector companies operating seven river port concessions and 24 coastal port concessions along the Magdalena River.
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NewsMore pressure on UK warehousing to come
As a consequence of changes to the Empty Property Rate (EPR) taxation in the UK, it has emerged that landlords are demolishing perfectly good warehouse property as a way of avoiding paying the substantial amounts of tax that unoccupied facilities now incur.
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Chinese ports report growth
In July, the combined throughput of China''s coastal ports reached 500m tonnes, a growth of 12.9% over the corresponding 2008 month.
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south africa shorts
As many as 2,500 South African merchant seafarers could be trained to form a pool of talent as navigation and engineering officers and deck crew members in the offshore industry.
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American Association of Port Authorities in Freight Stakeholders Coalition
The Freight Stakeholders Coalition, a group made up the American Association of Port Authorities (AAPA) and shipper and surface transport trade associations in the US, is seeking a unified approach to Federal transport funding.
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Cosco reports drop in box traffic
Cosco Pacific reported a 6.7% loss in traffic during July to 3.78m teu.
