World News – Page 363
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Algeciras downbeat on short term box figures
Algeciras Bay Port Authority has agreed a series of very modest container traffic figures over the next five years.
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Transnet appointments
Former chief operating officer for Transnet''s container business, Solly Letsoalo has taken over as chief of operations at the company. Reporting to Mr Letsoalo will be a team of divisional executive managers, each tasked with a separate sector of operations: Siyabulela Mhlaluka will be in charge of the container sector, ...
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Mombasa cancels tender for second grain handler
Kenya Port Authority unexpectedly cancelled a tender for a second grain handler at the port of Mombasa just three days before the bidding deadline.
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NewsValencia no 1 Spanish box port
The Spanish Port of Valencia has overtaken Algeciras as the country''s leading container port.
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Port body to service north-east
A dedicated bulk ports corporation is to be set up in Queensland with another body set to administer the far north''s smaller "community" ports.
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NewsMadagascar investment continues
Madagascar International Container Terminal at Toamasina, run by Philippines-based International Container Terminal Services (ICTSI) through a 20-year concession signed in 2005, is also looking for transhipment; Madagascar International Container Terminal Services (MICTS) has stated its ambitions to be "Africa''s secondary hub".
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NewsPort Reunion
Port Reunion is looking to increase its transhipment business, and the expansion of its container terminal this year is a key part of this ambition.
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Sinking property values hit NZ financials
Port Taranaki recorded a comparably flat net after-tax profit of NZ$4.76m (US$2.9m), 16% rise in revenue to NZ$43m (US$26.4m) and new container throughput record of 59,586 teu during the 2007-2008 financial year. Profit was predominantly affected by higher operating expenditure and write-offs associated with a failed coal trade bid.
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Demonstrators close Bangkok
Pro-democracy demonstrations in Thailand have begun to impact negatively on the nation''s ports. Bangkok has in recent months already suffered a complete one-day shutdown due to agitation from anti-government protesters, prompting prompted shipping lines to divert cargo to Laem Chabang.
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Major investment for Freeport
Freeport Container Terminal in the Bahamas is to undertake an upgrade programme costing $300m.
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Maersk downsizes at Kaohsiung
Maersk has slashed the number of containers it handles at Kaohsiung by 20%, less than the rumoured 50% reduction. The company will no longer call at berths 118 or 119, instead transferring containers to berth 75, adjacent to berths 76 and 77, where the company handles the majority of its ...
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Melbourne record
Melbourne has set a new Australian record for box movements, handling over 6,600 containers a day in August. Total container throughput for the month was a record 205,066 teu, 13% up on the previous record of 202,397 teu in October 2007
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Boskalis serious about Smit
Boskalis is to make an all-share offer for maritime services company Smit. After its earlier ¢ 1.1bn ($1.48bn) bid for the company was rejected, it increased its equity stake in Smit from 6.7% to 10.5%, allowing it to call an extraordinary meeting of shareholders to discuss a new bid.
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NewsAttorney general challenges Colombia's concessions law
Colombia''s attorney general has asked the Constitutional Court to make changes to the law granting port terminal concessions.
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Western Mediterranean side
Larger, newer terminals in the western Mediterranean are helping to address an issue that should be of concern to all terminal operators - how to rationalise the speed of growth in ship capacity with that of the terminals they must use.
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NewsIsraeli courts order strikers back to work
Striking Israeli port unions are the subject of legal action being taken by the Manufacturers'' Association and the Chambers of Commerce, who claim that strike action is in contempt of court.
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Challenge for UK rail?
While the north of the UK will see the opening of the Northern Gateway Container Terminal at Teesport in 2011 with a container capacity of 1.5m teu, the capability of the surrounding rail infrastructure may not be up to the job, according to Martyn Pellew, group development director for PD ...
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Brazlian operator halts investment
Brazil''s LLX Logistica has decided to suspend investments in the Port Brasil terminal project in Peruibe municipality, Sao Paulo, the company said in a press release.
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NewsNo end in sight for US West Coast ports malaise
Plummeting volumes at US West Coast ports could be the precursor to long term erosion of the US Pacific coast shipping dominance, according to Drewry Shipping Consultants.
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ABP backs clients in UK ratings row
The property revaluation that looks likely to add millions to rate bills for ABP clients at Hull has hit the port company just as hard, said Matt Jukes, Port Director at Hull and Goole.
