World News – Page 369
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News
Rotterdam in Malaysian venture
Rotterdam Port Authority has signed a memorandum of understanding with Malaysia''s Palm Oil Industrial Cluster to develop the Port of Lahad Datu on the island of Borneo. The eventual port could cover an area of 5,500 hectares.
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NewsJebel Ali slashes congestion times
Delays at DP World''s flagship Jebel Ali facility in Dubai have been cut from as long as a week to less than a day following the introduction of higher storage charges.
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Cook Islands
The Asian Development Bank (ADB) is providing $15.5m to expand Avatiu Port, the Cook Islands'' main international port, it has said.
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3i invests in India
The international investment group 3i is to buy a 24% equity stake in the Krishnapatnam Port Company for $200m. This company is to develop and operate a new port on India''s east coast.
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Tauranga attracts grain
South Australia''s ABB Grain recently commenced a new export wheat trade from Port Lincoln to the Port of Tauranga with a 16,000-tonne shipment onboard the Hong Kong-registered Sheng Mu.
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Port hands over headaches
Developing a 40 year relationship, Kalmar has been awarded a three-year service contract to supply empty container handling capacity to the Port of Gothenburg in Sweden.
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Toe into green water for Tilbury
With pressure on ports to both reduce emissions and fuel consumption, ''greener'' units like Kalmar''s hybrid straddle carrier are gaining attention.
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Port Said to undertake serious development
Port Said on the Suez Canal could receive investment of $5.42bn to expand existing facilities. By 2015, the Port will be handling more than 50m containers.
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NewsHelsinki brings it together
Despite its teething problems on opening, the Helsinki port of Vuosaari finally got into its stride last week.
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NewsPD news story
Plummeting freight rates from the Far East into Northern Europe have put the spotlight on the costs of inland haulage and encouraged shippers to consider new routes, according to Martyn Pellew, PD Ports group marketing director.
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NewsLos Angeles reigns in
Only a month after announcing construction contracts of around $383.7m which would create thousands of jobs in the region, the Port of Los Angeles has decided to pull back current spending by nearly $21m as it juggles its commitments in the face of falling volumes.
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Mar del Plata 'in chaos'
The leader of the SUPA trade union at Argentina''s Port of Mar del Plata has claimed that labour activities at the port are in chaos.
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Private sector ups investment in Bilbao
By 2011, the private sector will have invested ¢ 330m ($416.8m) in the Port of Bilbao. Of that, ¢ 222m ($280.4m) will be for four bio-diesel plants and one manufacturing ethanol.
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Five in the frame for Tuticorin
Tuticorin Port Trust has shortlisted five companies for its second container terminal. These are: PSA-Sical (which operates the existing terminal), Oceanic Transport, Chettinad Logistics, Afcons Infrastructure and Larsen & Toubro. Investment of $62.65m will be required during the 30-year lease period.
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Good return for Lyttelton
Lyttelton Port of Christchurch has returned a comparable 7.3% rise in net after-tax profit to NZ$10.3m (US$5.7m) and 9.2% increase in revenue to NZ$83.4m (US$45.9m) for the 2007-2008 financial year.
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Mota-Engil back in Silopor race
Mota-Engil has been readmitted to the Silopor port privatisation process following a judicial intervention, which decided that the decision to exclude it from bidding was ''excessive''. The 25-year concession includes the silos at Trafaria and Beato in the Port of Lisbon.
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Tanger-Med II gets development cash
Tanger-Med Port is to receive a loan of $180m from Tangier Mediterranean Special Agency and the Arab Fund for Economic and Social Development.
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When it comes to the crunch
When it comes to the crunch, do "green" issues, and hence sea transport, still remain important?
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Yangtze hub port opens
Yangkou Port has opened for business in China on a man-made Island in the Yellow Sea, which is linked to the mainland by a 30 kilometre causeway.
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News'Landmark' for Kiel
Construction work has begun on Kiel''s new Schwedenkai Terminal, after renovation of the old terminal building was deemed uneconomical.
