World News – Page 359
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Cosco moots Australasian port investment
Cosco Group global chairperson and chief executive Captain Wei Jiafu has signalled his organisation may be weighing up investment in the Australasian port sector.
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Los Angeles offers traffic incentives
Los Angeles Port Authority is considering coughing up $10 per teu for all new traffic that switches to the port to help offset a 5% volume decrease over the first three quarters.
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Kenyan bonds to fund port investment
Kenya is to invest $4.4bn in road and port development projects by 2012. Bonds will be issued to raise the necessary money to further develop Mombasa and build a second port at Lamu
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Chinese box growth continues to slow
Figures released for October showed that volumes handled by Chinese major ports were up 6% year on year, 2.1% lower than the rate in September.
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Capacity increases for eastern ports
Two south-east European ports are expanding their container operations based on 2008''s rapid increases.
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NewsSouth Island ports talk merger
Port Otago and Lyttelton Port of Christchurch have signed a memorandum of understanding to explore a merger of their respective port operations.
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NewsThe winners
Which ports come out on top in the competition to attract and build shortsea business? "Generally speaking, the winning ports are those which recognise the business potential of shortsea and then take the initiative without waiting for government action [such as Motorways of the Sea funding], by engaging in direct ...
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Brazil investment 3
President Lula of Brazil has signed an agreement for some Reais4bn ($1.7bn) to be spent on a brand new port complex for Ilheus, in the state of Bahia.
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Brazil investment 2
Having cemented its presence at the southeast Brazilian port complex of Itajai - via the Portonave box facility - Mediterrenean Shipping Company (MSC) is now ready to build a base at Pecem, in the northeast of the country, according to the Pecem port authority.
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NewsCollaborate or compete?
''Take the partnership approach'' seems to be a common theme among those looking for ways to increase the use of shortsea shipping in Europe. But when does "partnership" mean "collaboration", and will that bring in the competition police? Felicity Landon reports
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Boldua to hub out of Las Palmas
Boluda Lines is to consolidate all of its West African traffic at the Port of Las Palmas. The line will now run a 632 teu containership from Spain and Morocco to Gran Canaria, where a 320 teu ship will take them forward to Mauritania and Senegal.
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NewsGlobal impact of UN Rules 'variable'
The proposed convention on carriage contracts (Rotterdam Rules) presently passing through the UN will have "variable" consequences for terminal operators, warns insurance company TT Club.
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NewsSeattle to take disciplinary action
The Port of Seattle''s war on fraud moved up a notch following the conclusion of an investigation conducted by former US Attorney Mike McKay.
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Brazil ploughs ahead with investment programme
Senior Brazilian government minister, Dilma Rousseff, has stated that she is undeterred by the current disturbances in the international financial markets.
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Private sector pulls out of projects
LLX Logistica has announced it is suspending the project to build a port at Peruí be, on the coast south of Sã o Paulo.
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El Salvador mulls ports privatisation legislation
The government of El Salvador has drawn up plans to change legislation to transfer port operations to private sector concessionaires.
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Grindrod reveals Maputo plans
South Africa''s Grindrod Group has unveiled its plans for the further development of the port of Maputo in Mozambique.
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NewsRe-nationalisation of Nigerian ports mooted
Lagos state officials have called for seaports at Apapa and Tin Can Island to be taken into state ownership so that better and improved road links can be built.
