World News – Page 374
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Major investment for Freeport
Freeport Container Terminal in the Bahamas is to undertake an upgrade programme costing $300m.
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Demonstrators close Bangkok
Pro-democracy demonstrations in Thailand have begun to impact negatively on the nation''s ports. Bangkok has in recent months already suffered a complete one-day shutdown due to agitation from anti-government protesters, prompting prompted shipping lines to divert cargo to Laem Chabang.
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Maersk downsizes at Kaohsiung
Maersk has slashed the number of containers it handles at Kaohsiung by 20%, less than the rumoured 50% reduction. The company will no longer call at berths 118 or 119, instead transferring containers to berth 75, adjacent to berths 76 and 77, where the company handles the majority of its ...
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Melbourne record
Melbourne has set a new Australian record for box movements, handling over 6,600 containers a day in August. Total container throughput for the month was a record 205,066 teu, 13% up on the previous record of 202,397 teu in October 2007
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Boskalis serious about Smit
Boskalis is to make an all-share offer for maritime services company Smit. After its earlier ¢ 1.1bn ($1.48bn) bid for the company was rejected, it increased its equity stake in Smit from 6.7% to 10.5%, allowing it to call an extraordinary meeting of shareholders to discuss a new bid.
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NewsAttorney general challenges Colombia's concessions law
Colombia''s attorney general has asked the Constitutional Court to make changes to the law granting port terminal concessions.
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NewsIsraeli courts order strikers back to work
Striking Israeli port unions are the subject of legal action being taken by the Manufacturers'' Association and the Chambers of Commerce, who claim that strike action is in contempt of court.
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Challenge for UK rail?
While the north of the UK will see the opening of the Northern Gateway Container Terminal at Teesport in 2011 with a container capacity of 1.5m teu, the capability of the surrounding rail infrastructure may not be up to the job, according to Martyn Pellew, group development director for PD ...
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Brazlian operator halts investment
Brazil''s LLX Logistica has decided to suspend investments in the Port Brasil terminal project in Peruibe municipality, Sao Paulo, the company said in a press release.
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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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Western Mediterranean side
Larger, newer terminals in the western Mediterranean are helping to address an issue that should be of concern to all terminal operators - how to rationalise the speed of growth in ship capacity with that of the terminals they must use.
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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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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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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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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.
