World News – Page 370
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Harbourmaster coverage trimmed
Small South Island bar harbour, Westport, has ceased employing a deputy harbourmaster and dropped its 24-hour harbourmaster cover, citing a lack of port traffic.
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La Coruña sustainability report first
The Spanish port of La Coruña has become the first in the country to issue a Sustainability Report ans is the first in Europe to be awarded top marks by the Global Reporting organisation, which noted the port''s transparency, commitment and social responsibility.
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Nigerian port levy ruled 'illegal'
The Port Development Levy in force over the past nine years in Nigeria has been ruled as illegal by a Senate committee.
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Shanghai slow down reported
Shanghai Port handled around 28.5m teu last year, although had been forecast to reach 30m teu. This compares with 26.2m teu in 2007.
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Massive upgrade for Cartagena
A total of $150m is being invested in the Colombian port of Cartagena on the Caribbean coast to upgrade its container handling facilities. This will allow it to compete with Jamaica''s Kingston and Panama''s Colón.
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Easing congestion
Congestion was an issue at DP World''s flagship terminal at Jebel Ali for part of last year, but the company says the problems were resolved by a series of initiatives - including expanding yard capacity, working with customers to manage berthing times, and increasing storage fees to "encourage" shippers to ...
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IDB backs Indonesian development
The Gabion Container Terminal (TPK) project at the Port of Belawan in northern Sumatra could receive up to $2bn in funding from the Islamic Development Bank.
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Bahía Blanca upgrade
The Argentinian state is to invest $450m in a new ring road and a rail connection at the Port of Bahía Blanca to increase its competitiveness.
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Algerian agreements
DP World signed agreements with the Algerian government in November, to take over the operation of the ports of Algiers and Djen-Djen.
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NewsHPH might lose Manta
Hutchison Port Holdings has pulled out of the Thessaloniki terminal in Greece and is reportedly under investigation in Ecuador for allegedly failing to move on promised investments for the Manta cargo port.
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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
