World News – Page 377

  • News

    South American trade body in offing

    2008-09-23T12:24:00Z

    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.

  • News

    Basra port reopens

    2008-09-22T12:24:00Z

    Basra''s Al-Maaqal port has re-entered service following four months of renovation work. All equipment has been upgraded and quays renovated.

  • News

    New Zealand profit growth for some ports

    2008-09-22T12:24:00Z

    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).

  • News

    Haicang project sold

    2008-09-21T12:24:00Z

    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.

  • News

    Colombo South Port development under way

    2008-09-19T12:24:00Z

    Tenders for the new Colombo South Port development are expected to be issued soon.

  • News

    GPI is platform for growth

    2008-09-18T12:24:00Z

    N-Trans has transferred its port assets to newly-formed subsidiary, Global Ports Investments (GPI).

  • Port Strategy: nation's dockers are frustrated by proposed legal changes
    News

    Israelis dockers strike over legal changes

    2008-09-17T12:24:00Z

    Israeli port unions are in a bitter dispute with the government over its plans to privatise port infrastructure.

  • Port Strategy: remodelling of the port's second terminal is stalled until next year
    News

    Valparaiso contractor questions delay project

    2008-09-17T12:24:00Z

    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.

  • News

    US West Coast box decline

    2008-09-17T12:24:00Z

    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.

  • Port Strategy: Customs official criticises open access at Indonesian port
    News

    Tanjung Priok branded 'unsafe'

    2008-09-17T12:24:00Z

    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.

  • News

    No IPO for Ningbo

    2008-09-17T12:24:00Z

    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.

  • Port Strategy: Hutchison remains keen to move ahead in India
    News

    HPH abandons Indian plans

    2008-09-17T12:24:00Z

    A "confusing" operating climate in India has not deterred Hutchison Port Holdings from considering future investment options in the country, the company has confirmed.

  • News

    Tauranga dispute settled

    2008-09-17T12:24:00Z

    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.

  • Port Strategy: on-off talks on the pairing of Auckland and Tauranga seems to be on again
    News

    Auckland moots Tauranga offer

    2008-09-17T12:24:00Z

    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.

  • News

    Tuapse stevedores strike to recover $2.9m

    2008-09-16T12:24:00Z

    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.

  • Port Strategy: TWICs will be rolled out by the end of the year at Savannah
    News

    Georgia Ports move on identity cards

    2008-09-16T12:24:00Z

    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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    News

    Batumi upgrade

    2008-09-15T12:24:00Z

    Batumi International Container Terminal (BICT) has added two new Gottwald mobile harbour cranes (model HMK 260E) to its operations.

  • News

    Paraguay favours roads

    2008-09-13T12:24:00Z

    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.

  • News

    Oman doubles Duqm funds

    2008-09-12T12:24:00Z

    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.

  • News

    APM registers 27% revenue growth

    2008-09-12T12:24:00Z

    APM Terminals has reported good first half-year results, realising a net growth of $185m compared with $51m on last year.