World News – Page 354
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Stevedoring agreement for Algeciras Bay
A new stevedoring agreement at Algeciras Bay port will bring "stability, availability and social peace", according to the port authority.
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Markets kills Muuga project
The Port of Tallinn has cancelled the project to build new handling facilities at the Port of Muuga, given the difficulty in raising the necessary investment capital and an inability to sign an agreement with the operator, the Chinese Port of Ningbo, which had backed the original idea.
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Belgiums invest in Poland
Belgium-based SEA-invest has bought a majority stake in Poland''s Port Polnocny. This company operates a terminal in the Port of Gdansk exporting coal and liquid bulk.
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Harbourmaster coverage trimmed
Small South Island bar harbour, Westport, has ceased employing a deputy harbourmaster and dropped its 24-hour harbourmaster cover, citing a lack of port traffic.
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Brazil undaunted by box downturn
Container terminals in Brazil are forecasting throughput decreases of up to 12% this year; in 2008, throughput rose by almost 4% to around 4.63m teu.
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Santos makes an early start in re-tendering
Santos Port Authority has begun preparing tender documents covering port terminals whose current contracts come up for renewal within the next few years. This will affect at least 10 terminals. Three of these will be affected this year, a fourth in 2010 and six more in 2011.
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La Coruña sustainability report first
The Spanish port of La Coruña has become the first in the country to issue a Sustainability Report ans is the first in Europe to be awarded top marks by the Global Reporting organisation, which noted the port''s transparency, commitment and social responsibility.
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Massive upgrade for Cartagena
A total of $150m is being invested in the Colombian port of Cartagena on the Caribbean coast to upgrade its container handling facilities. This will allow it to compete with Jamaica''s Kingston and Panama''s Colón.
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Nigerian port levy ruled 'illegal'
The Port Development Levy in force over the past nine years in Nigeria has been ruled as illegal by a Senate committee.
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Shanghai slow down reported
Shanghai Port handled around 28.5m teu last year, although had been forecast to reach 30m teu. This compares with 26.2m teu in 2007.
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Bahía Blanca upgrade
The Argentinian state is to invest $450m in a new ring road and a rail connection at the Port of Bahía Blanca to increase its competitiveness.
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Easing congestion
Congestion was an issue at DP World''s flagship terminal at Jebel Ali for part of last year, but the company says the problems were resolved by a series of initiatives - including expanding yard capacity, working with customers to manage berthing times, and increasing storage fees to "encourage" shippers to ...
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IDB backs Indonesian development
The Gabion Container Terminal (TPK) project at the Port of Belawan in northern Sumatra could receive up to $2bn in funding from the Islamic Development Bank.
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Chinese to invest in Greek ports
On the back of the $3.4bn contract signed by Cosco to manage the Port of Piraeus for 35 years, the president of China has promised to increase his country''s maritime investment in Greece.
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NewsDP World set to cut costs
One of the largest global terminal operators, DP World, has just confirmed that although it increased throughput by 8% over 2007, it is preparing to cut costs and minimise cash outflow.
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NewsItajai follow-up
Despite trying to deal with the continuing problems caused by tragic flooding in the port of Itajai and its environs - which killed more than 130 in the Brazilian state of Santa Catarina - the new mayor of Itajai has ordered widespread changes of personnel and the opening up of ...
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APM loses interest in El Salvador
El Salvador''s Port Authority, Cepa, is to issue a tender in respect of privatisation of the La Unión-Acajutla port complex in the second quarter of this year.
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Algerian agreements
DP World signed agreements with the Algerian government in November, to take over the operation of the ports of Algiers and Djen-Djen.
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NewsHPH might lose Manta
Hutchison Port Holdings has pulled out of the Thessaloniki terminal in Greece and is reportedly under investigation in Ecuador for allegedly failing to move on promised investments for the Manta cargo port.
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Yingkou bond issue
Shanghai''s Yingkou Port Liability company is to issue $175m in corporate bonds with a maturity of 10 years, although this will depend on market conditions. The money will not be used to finance new projects, but instead allow the company to repay bank loans and supplement working capital.
