World News – Page 345
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Concepción struggles to retain box traffic
The Argentinian port of Concepción is struggling to hang on to the container feeder service that has made calls for the last two years. The lack of dredging on the Uruguay River has called into question the retention of the service. Compounding the problem, Logisur, the handling company, is now ...
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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.
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NewsPiraeus makes a profit
Turnover at the Greek port of Piraeus was up 32% in the first six months of 2009, resulting in a small net profit for the port authority.
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Victoria to be expanded
The Espirito Santo Port Authority (Codesa) has published a tender in respect of the lengthening and expansion of berths 101 and 102 at the port of Victoria. Together with a previous dredging contract, investment of $134m is being made. By 2010, as a result of the work, capacity will have ...
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Chilean ports in the red
André s Rengifo, the director of Chile's Port Company Systems, has said that the country's public ports will all post negative figures in 2009.
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Asciano writedowns put brakes on AutoStrads
Australian port investor Asciano has delayed the roll out of its advanced AutoStrad automatic container straddle carrier positioning technology.
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Libra to consolidate three terminals operation
Libra Terminais has presented proposals to the authorities to unify its two operational areas into a mega-terminal handling containers.
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NewsProfessor takes the Transnet helm
The challenge of running South Africa''s national transport businesses is hardly academic, and yet it''s been put into the hands of one - Geoff Everingham, a university professor.
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APM plans Santos terminal
APM Terminals is to present a project to Santos Port Authority to operate a container terminal at Prainha in the Guarujá region of the port. It would require investment of $700m and include construction of 700 metres of quay to serve a terminal with a capacity of 1.2m teu.
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NewsTransnet pushes ahead with expansion
South Africa''s port regulator is pushing ahead with expansion plans across the board. Stuart Pearcey reports
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Vietnam port loan
Vietnam Oil and Gas has signed a £ 3.7bn loan deal with the Petroleum Technical Services Corporation (PTSC) and the Vietnam Joint Stock Commercial Bank for Industry and Trade to invest in the Hon La Port project. The loan period is ten years.
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Southern NZ merger report commissioned
A report on the consequences of a merger between the South Island's two largest ports is to be delivered by Auckland consultancy Antipodes in October.
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NewsTanger-Med II to boost Moroccan boxes
The Oxford Business Group, a London-based think tank, believes that the decision to go ahead with the Tanger-Med II project in Morocco suggests that there is significant potential in the country for future development.
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Cold ironing comes to Vancouver
Vancouver has become the third world port to introduce cold-ironing, which allows berthed vessels to make use of mains power supply when in port.
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Maersk invests in Luanda
Maersk Angola is to invest $95m in the construction of a second line terminal in Luanda as a means of improving the overall port infrastructure. Investment would be carried forward in stages. The need for the terminal has been justified on grounds that it will make operations run smoothly and ...
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Tianjin posts loss
Tianjin Port Development ended the first half of 2009 with a net loss of $2m. Container traffic handled by the company was down by 6.7% and bulk by 8.4%. Revenue reached $83m compared with $91m the previous year.
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NewsBBI poised to offload PD Ports for $1
The recapitalisation of Australian port investor Babcock & Brown Infrastructure has taken a massive step forward, with Canadian infrastructure investor Brookfield Asset Management taking a 49.9% stake in the Dalrymple Bay Coal Terminal.
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PSA issues bonds
PSA International aims to raise $500m through a bond issue, being arranged by JP Morgan, Nomura International and DBS Bank.
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Burgos cuts a fifth of its workforce
The Bulgaria port of Burgas is to make 20% of its workers redundant as a result of the economic crisis. This will mean that 275 employees out of a total of 1,300 will lose their jobs. Older workers and pensioners will be shed first, with others released on a rolling ...
