World News – Page 377
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South American trade body in offing
A formal invitation to set up a regional trade body for private port companies throughout South America was made at the TOC Market Briefing in Guayaquil September 17.
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Basra port reopens
Basra''s Al-Maaqal port has re-entered service following four months of renovation work. All equipment has been upgraded and quays renovated.
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New Zealand profit growth for some ports
Recent financial year announcements have included the Port of Tauranga declaring a comparable 7% rise in after-tax net profit to NZ$42.1m (US$27.6m) and 15% lift in revenue to NZ$148.8m (US$97.4m).
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Haicang project sold
Xiamen International Port Company is to sell a project that it is developing in Haicang port to Haicang International Container Terminals Ltd for $59.6m. The project includes Berth 1, which will become a container handling facility.
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Colombo South Port development under way
Tenders for the new Colombo South Port development are expected to be issued soon.
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GPI is platform for growth
N-Trans has transferred its port assets to newly-formed subsidiary, Global Ports Investments (GPI).
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NewsIsraelis dockers strike over legal changes
Israeli port unions are in a bitter dispute with the government over its plans to privatise port infrastructure.
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NewsValparaiso contractor questions delay project
A major overhaul of Valparaí so port facilities will be delayed until 2009, due to uncertainty over current contractor Von Appen''s future participation in the process.
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US West Coast box decline
In the first seven months, container traffic at the port of Seattle was down 8% to 1.02bn teu. At Los Angeles and Long Beach, there were downturns of 6.1% and 9.4% respectively to 4.5m teu and 3.7m teu.
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NewsTanjung Priok branded 'unsafe'
Indonesia''s director-general of Customs and Excise has branded Tanjung Priok as "unsafe", because unauthorised visitors are able to move freely into the restricted areas, if they are prepared to bribe officials.
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No IPO for Ningbo
The current weakness of global markets means that China Ningbo Port Group will not undertake an initial public offering this year, according to China Merchants Holdings, which holds a 5.4% stake in the company. The IPO is, however, needed to raise money to fund expansion.
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NewsHPH abandons Indian plans
A "confusing" operating climate in India has not deterred Hutchison Port Holdings from considering future investment options in the country, the company has confirmed.
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Tauranga dispute settled
A brief collective employment dispute between the Port of Tauranga and the Rail and Maritime Transport Union has now been resolved. Successful mediation avoided the industrial action previously announced by the union. Details of the deal, which is understood to be for two-years, have been kept confidential.
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NewsAuckland moots Tauranga offer
Ports of Auckland has announced plans to make an offer for Port of Tauranga''s container business and has appointed investment bank Cameron Partners as financial adviser.
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Tuapse stevedores strike to recover $2.9m
Following a ruling by a local judge that workers at Tuapse Trading Seaport were being incorrectly paid for nightshift working, stevedores voted with their feet and brought operations to halt for much of the month of August.
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NewsGeorgia Ports move on identity cards
Georgia Ports Authority (GPA) has confirmed it will require all workers at the ports of Savannah and Brunswick to hold Transportation Worker Identification Credentials (TWIC) from as early as December 2008.
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NewsBatumi upgrade
Batumi International Container Terminal (BICT) has added two new Gottwald mobile harbour cranes (model HMK 260E) to its operations.
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Paraguay favours roads
Paraguay says it is evaluating investment in its river port infrastructure. However its main focus will be on upgrading road infrastructure to improve access to and from the ports.
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Oman doubles Duqm funds
The government of Oman has doubled investment for the Duqm Port and Dry Dock project to $1.81bn to boost the overall capacity and size, therefore making it suitable for very large bulk tankers to be accommodated.
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APM registers 27% revenue growth
APM Terminals has reported good first half-year results, realising a net growth of $185m compared with $51m on last year.
