World News – Page 355
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News'Partnerships and innovation' brings success
Its down to partnerships and innovation, claims the New Zealand''s Lyttelton Port of Christchurch, which has delivered a strong performance for the 2008/2009 financial year. Normalised profits for the year came to $10.6m (US$7.7m), up 2.9% on last year''s figure of $10.3m.
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Diverse New Zealand financials released
An unchanged underlying profit before tax of NZ$11.4m (US$8.5m) and comparable 4% increase in revenue to NZ$55.1m (US$41.2m) for the 2008-2009 financial year was recorded by CentrePort Wellington.
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Punta Colonet
Mexico''s transport and communications ministry has revised bidding rules for the Punta Colonet port project in Baja California state.
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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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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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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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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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NewsNgqura unloads its first ship
The new deepwater Port of Ngqura, South Africa, has welcomed its first commercial containership - the MSC Catania.
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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.
