World News – Page 370
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Yingkou bond issue
Shanghai''s Yingkou Port Liability company is to issue $175m in corporate bonds with a maturity of 10 years, although this will depend on market conditions. The money will not be used to finance new projects, but instead allow the company to repay bank loans and supplement working capital.
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Chinese to invest in Greek ports
On the back of the $3.4bn contract signed by Cosco to manage the Port of Piraeus for 35 years, the president of China has promised to increase his country''s maritime investment in Greece.
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NewsDP World set to cut costs
One of the largest global terminal operators, DP World, has just confirmed that although it increased throughput by 8% over 2007, it is preparing to cut costs and minimise cash outflow.
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NewsItajai follow-up
Despite trying to deal with the continuing problems caused by tragic flooding in the port of Itajai and its environs - which killed more than 130 in the Brazilian state of Santa Catarina - the new mayor of Itajai has ordered widespread changes of personnel and the opening up of ...
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APM loses interest in El Salvador
El Salvador''s Port Authority, Cepa, is to issue a tender in respect of privatisation of the La Unión-Acajutla port complex in the second quarter of this year.
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Lekki wins Nigerian hub hearts
Nigerian Ports Authority and the Lagos state government have given promoters of the Lagos Free-trade Zone approval to build a private the seaport at Lekki, 60 kilometres from Lagos.
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NewsLondon Gateway under way
DP is starting work on the biggest development within the Port of London for more than 100 years. The 1,500 acre London Gateway will combine a fully automated deepwater container terminal and Europe''s largest logistics park.
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Archangel trading at 50% of capacity
Last year, the Russian Port of Archangel handled 5m tonnes, equivalent to 50% of capacity.
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Cosco still interested in Farfán
Despite being announced four years ago, the project to build the Panamanian port of Farfán has yet to make progress.
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NewsDP upbeat on Aden
Expansions into Yemen and Algeria in recent months have taken DP World''s network to a total of 48 terminals in 27 countries. Felicity Landon finds out about the latest moves
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Mexico to modernise ports
Mexico''s Transport and Communications Secretariat has issued two tenders worth $62.7m in respect of port terminal modernisation at Mazatlán and Guaymas. The former consists of a multi-purpose facility requiring investment of $23.5m, while the latter is to invest $39.2m in a projected container terminal.
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Guaymas issues box tender
Mexico''s west coast port of Guaymas has issued a tender in respect of the construction and management of a new container terminal. Expected investment will be $40m and the facilities are expected to be operational in April 2010 with a capacity of 100,000 teu/year.
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Costa Rican unions oppose ports privatisation
Trade union leaders in Costa Rica continue to oppose Limón-Moín''s privatisation plans claiming that it would not be in the interest of workers because the port complex is currently profitable.
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Strike greets DP World handover at Aden
DP World has now officially taken over management of box handling at the Port of Aden under a joint venture with the Yemen Gulf of Aden Port Corporation.
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Aussy operation extends automated fleet
Patrick Stevedores has ordered another set of fully automated straddle carriers, bringing the total at the Fisherman Islands terminal in Brisbane to 27 - all of which are being looked after on a Kalmar maintenance contract that has been in place since the operation was in its testing phase.
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Patrick raises landside game
Following a series of criticisms of the stevedoring industry, Australia''s Patrick Terminals claims that it now considers landside operations equally important to its oceanside obligations.
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Hybrids amongst the flock
DP World''s UK terminal in Southampton has opted for two hybrid versions in an order for 15 Kalmar straddle carriers.
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Mobile box terminal opens
Mobile Container Terminal, a joint venture between APM Terminals and the Terminal Link subsidiary of the CMA CGM group, has started operations at the US port of Mobile. Its current capacity of 350,000 teu/year will rise to 800,000 teu/year as new infrastructure is added.
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DP World unfazed by economic downturn
DP World says that the economic downturn will not have any impact on completion of the new international transhipment terminal at Kochi in India.
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NewsAnother Rubb for Maher
Maher Terminals has erected yet another fabric structure - its 14th - this time for salt and sand storage at the Port Elizabeth facility in New Jersey.
