World News – Page 363
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NewsA third of shipping lines face bankruptcy
Experts in the Far East have suggested that more than one third of the current number of shipping companies may go bankrupt in 2009, because of the global economic downturn.
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NewsDownturn "blessing in disguise"
The global economic downturn could be a "blessing in disguise" for the port industry and investors in the industry, according to APM Terminals chief executive Kim Fejfer.
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NewsStrong Amsterdam figures re-affirm need for second lock
The urgent need for a second large sea lock in Ijmuiden is making itself felt ever more acutely, according to Port of Amsterdam chief executive Hans Gerson.
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NewsU.S. Port Infrastructure- Return of PPP
While considerable buzz surrounds potential infrastructure investment by the US Federal Government, a record-sized privatisation transaction may be in the offing, perhaps part of a broader resurgence of public-private-partnerships in the US for facilities already in operation.
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Madryn traffic down
The southern Argentinian port of Madryn has suffered significant reduction in the export of many of its core products: aluminium, fish, wool, stone and ceramics. Port workers are worried that high charges are forcing exporters to switch cargo to Santa Cruz and Deseado ports. Madryn also suffers from high labour ...
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Strong volumes from Canada's princely port
Canada''s Port of Prince Rupert sidestepped the global economic slump to record a "moderate" increase in traffic in 2008.
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Nice for SA
South Africa''s Transnet Port Terminals has opted for NICE surveillance equipment to improve security at its ports and ensure compliance with country''s infrastructure regulations.
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New Colombian coal port planned
Glencore and nine Colombian coal mining companies are planning to build a new port in the north of the country costing $1bn and capable of exporting 60m tonnes of coal annually.
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Mexican tenders must comply with national strategic plan
The head of Ports Development and Administration in Mexico has said that tenders for new port projects, such as those in Lá zaro Cá rdenas and Manzanillo, are being revised in order to adapt them to the objectives set out in the national strategic plan.
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Buenaventura competition threat
Colombia''s Buenaventura port company expects to face difficult competition over the next two years from other Atlantic coast of ports in the same region. Santa Marta and Barranquilla pose stiff competition in terms of dry bulk, while Cartagena is the main container handling rival following major investment in equipment.
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New Cambodian port
A new port is to be built at the Cambodian capital city of Phnom Penh. The facility, which is due to enter service by the end of this year or early next year, will cost $25m and will be located on the lower Mekong River close to the existing port.
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Three Indian PPPs
The Indian government has given its approval for three port projects involving public-private partnership deals costing $409m. These encompass container terminals at Ennore ($282m) and Tuticorin ($62m), as well as a coal terminal in Goa ($67m).
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Hooghly Estuary dredge on cards
Lanka Hydraulic Institute Ltd is to undertake modelling studies on behalf of RRM as part of a draught improvement programme on the Hooghly Estuary, which gives access to the Indian port of Calcutta. At the moment, sediment build up is making it virtually impossible for major vessels to access the ...
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NewsTallinn's expansion plans still on track
The Port of Tallinn has signed a ¢ 40m ($50.7m) loan agreement with the European Investment Bank (EIB) on what port spokesperson Sven Ratassepp described to Port Strategy as "highly favourable rates" and hopes to have additional funding in place by the end of the second quarter.
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NewsPaita concessioning
One of Peru''s leading logistics companies has confirmed its interest in the concessioning of Paita, as signals emerge of accelerated port reform.
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Cargill remains at Santos
Cargill has been given permission to continue exporting soya, millet and derivatives from its grain terminal in the port of Santos despite its concession having expired.
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NewsGladstone mass job creation confimrs positive undertones
Australia''s Gladstone Ports Corporation has bucked the "recession" trend by creating new job positions in its own organisation and also stimulating employment opportunities in its wider Queensland hinterland.
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Congestion still rampant in Nigerian ports
Nigeria''s Ministry of Transport has set up two task forces to reduce port congestion.
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Suez terminal rises 34% in 2008
Suez Canal Container Terminal has recorded growth of over a third for the second year running.
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GTI now India's leading container terminal
Gateway Terminals India (GTI) has overtaken the DP World-owned Nhava Sheva International Container Terminal to become India''s leading container handling facility.
