World News – Page 355
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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 ...
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Talking up Punta Colonet
Despite an effective suspension on the development of the Punta Colonet mega-port project in Mexico since April, the head of the Ministry of Communications and Transport, Juan Molinar Horcasitas, announced in August that the project is still effectively live.
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Victoria unveils state port plans
The Australian state of Victoria has launched a new state port plan which merges the Melbourne and Hastings port authorities and outlines future developments for Hastings and Geelong.
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Box recovery signs at Marseilles
Marseilles Fos registered a slight 4% increase in container traffic for the first eight months of the year, buoyed by a 23% rise in traffic at its deepsea Fos terminal.
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NewsPD Ports gets down to study
PD Ports has teamed up with the UK''s Teesside University to launch a Foundation Degree for port industry workers.
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Puerto Rico
Concessioning of Puerto Rico''s Las Americas port (PLA) will go ahead, law firm Mayer Brown partner Joseph Seligman has said.
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NewsUS traffic down to 2002 levels
Figures released in the US suggest that the country''s ports will handle 12.3m teu in 2009, equivalent to an 18.8% year-on-year drop - the fewest containers handled since 2002.
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Transnet's new COO
Transnet Port Terminals has appointed former general manager of sales, logistics and commercial, Nosipho Damasane, as the company''s new chief operating officer following Solly Letsoalo''s departure to the private sector.
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Brisbane ups fees
Brisbane has raised wharfage and harbour charges by 6% across the board, the first time in 27 years it has raised its fees. The increase reflects the cost of infrastructural investment and inflation. A new scale of charges for coal has not yet been detailed.
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NewsAuckland Port holds surcharges
Ports of Auckland is to postpone its Fuel Adjustment Factor (FAF) surcharges until January 1 in recognition of the current "challenging trading environment".
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NewsIndia investing $4bn in ports
India''s Ministry of Shipping is to award contracts for 28 projects worth $4.11bn in 2009-10.
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Portuguese port growth outstrips Spain's
Ports in Portugal have grown faster than those in Spain in spite of the recent economic crisis, according to Portuguese officials.
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Hull opens all-weather terminal
Associated British Ports'' Hull has converted its steel terminal to an all-weather 10,000 sq m terminal to store dry bulk materials, forest products and paper. It also continues to handle steel products.
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NewsAPMT opens Dubai office
Operator APM Terminals has inaugurated its regional head office in Dubai for its Africa, Middle East & Indian subcontinent region.
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NewsPort Authority of New York and New Jersey Completes Preliminary Study of Bayonne Bridge
The Port Authority of New York & New Jersey (PANYNJ) has released results of a US Army Corps of Engineers (Corps) analysis of the air-draft restricting Bayonne Bridge.
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NewsBrazil ports
Brazil''s Oderbrecht, an engineering and construction company, in partnership with Dubai-based ports operator DP World, has acquired a majority stake in a Brazilian port, Empresa Brasileira de Terminais Portuarios (Embraport) in Santos City, Sao Paulos state, media reports have said.
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Valencia now largest Mediterranean box port
The Spanish port of Valencia is now the fifth largest in Europe in terms of containers.
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NZL claim heads to court
Port of Tauranga has lodged declaratory judgement proceedings in the New Zealand High Court in an attempt to resolve the terminal dispute with NZL Group.
