World News – Page 364
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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.
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Western Mediterranean shorts
Italy''s largest seaport is poised to become even more significant with the announcement of European funding to develop a liquefied natural gas terminal with an annual capacity of 1.2m cu m.
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NewsWestern Mediterranean review
The western Mediterranean is undergoing a metamorphosis and not all ports will survive the transformation, as Stuart Pearcey reports
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China Shipping terminal shift
China Shipping Container Lines is to assume control of China Shipping Terminal Developer from its parent company, the China Shipping (Group), for $380m. This company manages ports both within China and overseas.
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NewsUK rating agency forced to explain backdated rates fiasco
The UK''s Valuation Office Agency (VOA) came under fire in a heated parliamentary committee meeting in London yesterday for its "completely unacceptable" enforcement of backdated business rates on UK port occupiers without adequate consultation.
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NewsContainer slowdown small help to capacity crunch
Drewry Shipping Consultants has provided a brief oasis of hope for container terminals in an otherwise parched industry in its annual global container terminal operators review.
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NewsNZ snippet articles (Nov 2008)
New Zealand port company directors and shareholders need to take a wider view of the potential value and efficiencies that could be secured via combinations and mergers, according to South Port chairperson John Harrington.
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Bribery rampant in Ghana's ports
Ghana''s Minister of Ports, Harbours and Railways has conceded that there is massive bribery, pilfering and corruption in the local ports industry.
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Nantong stake sold
State Development and Investment Corporation subsidiary SDIC Communications plans to sell the 12.32% stake it holds in Nantong Port Group Company. The other two shareholders in the company have first refusal in acquiring the stake.
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Booking for Bledisloe
After successful implementation at the Axis Fergusson Container Terminal, Ports of Auckland''s vehicle booking system is now being introduced to Axis Bledisloe.
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Mackay coal pledge
The Queensland government has promised residents of Mackay that the port will not be used to export the region''s large reserves of coal. Instead, the exports will be channelled via the existing coal specialist ports of Hay Point, Dalrymple Bay and Abbott Point. Local residents have been concerned at the ...
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Berth number eight for Virtsu
Two Estonian construction companies have signed a ¢ 5.05m ($7.2m) agreement to build Berth 8 at the port of Virtsu. The contract for a 160 metre long quayside, alongside draft of seven metres and construction of a 280 metre access road is scheduled for completion in October 2009.
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NewsUnderinvestment in developing world ports exacerbating container downturn
Drewry Shipping Consultants latest container market review has painted a bleak picture of short term prospects for lines and ports.
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3i eyes south India
The 3i Group is apparently considering investing up to $219m for a 26% stake in a southern Indian port operator, believed to be Krishnapatnam Port Company, which is developing a deepwater port in Andhra Pradesh.
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NewsBiggest mobile crane in Europe
The largest mobile harbour crane in Europe has been delivered ready-for-use to RHB, the stevedoring and warehousing company, at Waalhaven North Side 4 in Rotterdam.
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NewsICTSI bags Brunei concession
Philippine port darling International Container Terminal Services Inc (ICTSI) has won its tender to build and operate a container terminal in Brunei, according to local reports.
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NewsMombasa tackles congestion head on
Kenya''s key port of Mombasa is winning the battle against port congestion after enforcing 24 hour operations.
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BMT points the way for Riga
The Port of Riga, Latvia, has appointed BMT Transport Solutions to assist in its development strategy. This strategy will consider issues such as cargo flow, financial forecasts, and the European Union policy on intermodality as well as community impact, encouraging ecologically clean cargo and ensuring technical capacity within the port.
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Russia upgrades Baltic ports
More than $2bn will be invested in container and ro-ro facilities at Russia''s Baltic ports over the next four years. At present, a significant proportion of this traffic passes through ports in Finland or the Baltic states. The extra investment, it is hoped, will redress the balance.
