World News – Page 369
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Nigerian forwarders strike
A strike by freight forwarders in the Nigerian port of Lagos cost the country an estimated $27m during its first three days. So serious was the dispute that the federal minister of transport immediately met with the strikers to find a solution. Freight forwarders have accused terminal concessionaires of acting ...
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NewsFirm financials from ICTSI
Philippines darling International Container Terminal Services Inc bucked the start of the economic downturn to produce strong 2008 year-end figures.
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NewsRedundancies at Southampton docks
There are to be 60 redundancies at Southampton docks, with even more of the contracted workforce going in response to the "severe decline in UK containerised volumes," says the terminal operator, DP World.
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Declining work for Spanish dock workers
Dramatic drops in traffic at Valencia at the end of 2008 have continued into 2009, leaving some 400 dockworkers with practically no work to do.
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ICTSI's Ecuador inauguration
ICTSI''s Ecuador unit has inaugurated three new quay cranes and eight rubber-tyred gantries at its Guayaquil facility. Hailed by the operator as the "most modern containerised cargo handling equipment in the country", the cranes are the first of their kind to be used in Ecuadorian port operations.
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New Lagos deep water port planned
Nigeria''s Sifax group, which is involved in port concessions and in the management of bonded warehouses, has revealed it is in discussions with DP World regarding the construction of a modern port complex somewhere in the Lagos region. Although no further details have been yet made public, the Dubai-based operator ...
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NewsCobelfret to mothball Dartford Terminal
UK operator Cobelfret has responded to falling volumes with a decision to mothball its Dartford terminal and transfer its Ostend and Rotterdam services to its Purfleet terminal on the other side of the Thames.
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NewsTT Club slips into deficit
Mutual insurer the TT Club has reported what it terms "satisfactory" financial results for 2008 amid market conditions which have drastically reined back earnings elsewhere in the insurance industry.
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Ceres identity shift
Amsterdam''s Ceres Paragon terminal has changed its name to Amsterdam Container Terminals (ACT) effective immediately. The name change follows a share-swapping agreement, signed in December 2008, when Hutchison Port Holdings became the majority shareholder of Ceres Container Terminals Europe.
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NewsTraffic downturn widespread across US
US container ports on both coasts are acutely suffering from major downturns in traffic.
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NewsOakland concession granted
Ports America beat off the competition to win a 50-year concession for five container terminals at the US Port of Oakland.
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BBI draws up Gladstone stake shortlist
Dalrymple Bay Coal Terminal (DBCT) owner Babcock & Brown Infrastructure (BBI) has drawn up a shortlist for a selling a stake in the terminal.
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New York/New Jersey's flat figures
Year-end throughput figures for the US Port of New York and New Jersey (PANYNJ) make ugly, albeit expected, reading reporting flat growth in container activity for the first time since 1993.
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Cosco cements relations with Piraeus
Cosco has officially been granted a 35-year concession by the Greek government to run the port of Piraeus.
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NewsComing together - or pulling apart?
It is not, yet, a community - you only have to look at a list of countries that comprise East Asia - China, Japan, Taiwan and Korea - and you can see why there is difficulty in considering the region as a whole.
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NewsJapan - from under its shell
Japan has always been a difficult market to crack. Not only has the country a traditionally protectionist mentality toward its own industries - especially when it comes to any perceived Chinese encroachment - but it is only just recovering from its last grim interlude of recession.
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NewsMonty's transhipping its way forward
Another heavyweight contender for a spot in the hub port ring of East Coast South America is Montevideo, where Belgian terminal operating company Katoen Natie is already making its mark with the Terminal Cuenca de la Plata (TCP) facility.
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Kiel celebrates box first
Kiel has handled its first container as part of a new service between Riga and the Baltic port. It aims to turn round 10,000 teu in its first year, with growth planned beyond that.
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Taiwan - off the starting block
The tiny economy of Taiwan has hailed the unfreezing of relations with China as the economic starting pistol it was waiting for. China, while saying it is not giving up on its idea of sovereignty over the island, is allowing direct shipping for the first time in sixty years.
