World News – Page 380
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NewsBrazil investment
Brazil''s President Lula has signed a decree that will clarify rules for companies interested in investing in the South American country''s huge port infrastructure programme, paving the way for some Reais19bn ($9bn) of national and international port investment.
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Gladstone gets gassy
The Queensland port of Gladstone is consolidating as Australia''s major port for liquefied natural gas (LNG) shipments. Arrow Energy, LNG Ltd and Shell are planning a 1m tonnes/year LNG export plant at Gladstone''s Fisherman''s Landing. GLNG is also proposing to develop a mid-scale 2.6m tonnes per annum plant
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NewsFinland mega port project opens for business
Touting itself as the "most modern of the Baltic harbours", Finland''s massive port relocation project is to open this month.
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GPPL offering
Gujarat Pipavav Port Ltd (GPPL) has filed its draft prospectus with the Securities and Exchange Board of India for an initial public offering of 5bn Rupees ($100.2m). The shares will be listed on the National Stock Exchange and the Bombay Stock Exchange. GPPL has as its major shareholder APM Terminals.
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Container and LNG infrastructure lacking in Europe
A study prepared on behalf of the European Commission identified a ''mounting need'' for investment in port infrastructure, specifically to handle containers and liquefied natural gas.
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Algeciras downbeat on short term box figures
Algeciras Bay Port Authority has agreed a series of very modest container traffic figures over the next five years.
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Transnet appointments
Former chief operating officer for Transnet''s container business, Solly Letsoalo has taken over as chief of operations at the company. Reporting to Mr Letsoalo will be a team of divisional executive managers, each tasked with a separate sector of operations: Siyabulela Mhlaluka will be in charge of the container sector, ...
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Mombasa cancels tender for second grain handler
Kenya Port Authority unexpectedly cancelled a tender for a second grain handler at the port of Mombasa just three days before the bidding deadline.
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NewsAssociation provides common platform
The port authorities of Madagascar, Mauritius, Mayotte, Reunion and Seychelles are all members of the Association of Ports of the Indian Ocean Islands (APIOI), which was officially established last year.
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NewsValencia no 1 Spanish box port
The Spanish Port of Valencia has overtaken Algeciras as the country''s leading container port.
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Port body to service north-east
A dedicated bulk ports corporation is to be set up in Queensland with another body set to administer the far north''s smaller "community" ports.
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NewsMadagascar investment continues
Madagascar International Container Terminal at Toamasina, run by Philippines-based International Container Terminal Services (ICTSI) through a 20-year concession signed in 2005, is also looking for transhipment; Madagascar International Container Terminal Services (MICTS) has stated its ambitions to be "Africa''s secondary hub".
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NewsPort Reunion
Port Reunion is looking to increase its transhipment business, and the expansion of its container terminal this year is a key part of this ambition.
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Sinking property values hit NZ financials
Port Taranaki recorded a comparably flat net after-tax profit of NZ$4.76m (US$2.9m), 16% rise in revenue to NZ$43m (US$26.4m) and new container throughput record of 59,586 teu during the 2007-2008 financial year. Profit was predominantly affected by higher operating expenditure and write-offs associated with a failed coal trade bid.
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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.
