World News – Page 347
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NewsTT Club slips into deficit
Mutual insurer the TT Club has reported what it terms "satisfactory" financial results for 2008 amid market conditions which have drastically reined back earnings elsewhere in the insurance industry.
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Ceres identity shift
Amsterdam''s Ceres Paragon terminal has changed its name to Amsterdam Container Terminals (ACT) effective immediately. The name change follows a share-swapping agreement, signed in December 2008, when Hutchison Port Holdings became the majority shareholder of Ceres Container Terminals Europe.
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NewsTraffic downturn widespread across US
US container ports on both coasts are acutely suffering from major downturns in traffic.
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NewsOakland concession granted
Ports America beat off the competition to win a 50-year concession for five container terminals at the US Port of Oakland.
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New York/New Jersey's flat figures
Year-end throughput figures for the US Port of New York and New Jersey (PANYNJ) make ugly, albeit expected, reading reporting flat growth in container activity for the first time since 1993.
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Cosco cements relations with Piraeus
Cosco has officially been granted a 35-year concession by the Greek government to run the port of Piraeus.
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NewsComing together - or pulling apart?
It is not, yet, a community - you only have to look at a list of countries that comprise East Asia - China, Japan, Taiwan and Korea - and you can see why there is difficulty in considering the region as a whole.
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NewsJapan - from under its shell
Japan has always been a difficult market to crack. Not only has the country a traditionally protectionist mentality toward its own industries - especially when it comes to any perceived Chinese encroachment - but it is only just recovering from its last grim interlude of recession.
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NewsMonty's transhipping its way forward
Another heavyweight contender for a spot in the hub port ring of East Coast South America is Montevideo, where Belgian terminal operating company Katoen Natie is already making its mark with the Terminal Cuenca de la Plata (TCP) facility.
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Kiel celebrates box first
Kiel has handled its first container as part of a new service between Riga and the Baltic port. It aims to turn round 10,000 teu in its first year, with growth planned beyond that.
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Taiwan - off the starting block
The tiny economy of Taiwan has hailed the unfreezing of relations with China as the economic starting pistol it was waiting for. China, while saying it is not giving up on its idea of sovereignty over the island, is allowing direct shipping for the first time in sixty years.
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Even more Brazil photos
Many Brazilian port watchers are fearful for the future of the Sepetiba Tecon box terminal once the Hamburg Sud facility opens at Itapoa - probably in around the first quarter of 2010.
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NewsFreeze on sea freight funding
A hold has been placed on New Zealand''s second sea freight development funding round, while the Government considers whether changes are required to its policy statement.
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NewsPLA and DP World look for ways to push London Gateway forward
Reducing the depth of the planned dredge and changing the phases of construction are two options being considered as the Port of London Authority and DP World discuss ways to drive forward the London Gateway development despite the economic downturn.
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NewsChavez seizes ports
Venezuelan President Hugo Chavez has announced the central government will retake the administration of the country''s ports and airports from state governments, in a move which has generated fierce controversy in the South American country.
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NewsThe big ships are coming: but where will they go?
Ports on South America''s East Coast are vying for the undivided attention of the lines,as Rob Ward finds out
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HITT wins VTS order
HITT is to fit a E1m ($1.3m) vessel traffic system in the Angolese port of Lobito. The installation is to be completed this year.
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Cameroon builds iron ore export terminal
The government of Cameroon has given the green light for a $160m iron ore export terminal. This will have a 22-metre long berth and be able to accommodate vessels of up to 250,000 dwt.
