World News – Page 380
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Qatar box terminal boost
Qatar is to build a new container terminal on a 1.08m sq m site at Kovalam. It will have a capacity to handle 5.3m teu when all three phases have been completed. Draft will be 20 metres.
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Philly box terminal
A new container terminal is to be built on land formerly occupied by the Navy at Philadelphia. This will be taken forward as a public-public partnership. A concession award is to be made by 2010 and the installation will become operational three years later.
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Salalah attracts 10
A total of 10 companies have bid for the contract to design and supervise the expansion of Salalah Port in Oman. Halcrow, Consulting Engineering Services, Dar al Handasah, Khatib & Alami, Jurong International Consulting, Korea Port Engineering Corporation, Sakoo Consulting Engineers, Cowi & Partners, Conser & Partners and Selhorn have ...
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Big loan for Fujairah
Fujairah Port has been granted a $245m syndicated loan arranged by the National Bank of Fujairah and the Commercial Bank of Dubai. Some of the money will be used to expand container handling facilities aimed at attracting larger vessels.
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NewsReal port value vital to UK economy
UK port contributions to the nation''s gross domestic product remain strong but the number of employees in direct port employment is down, according to a new report from the Crown Estate.
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NewsAPM calls for "culture of safety"
APM Terminals wants to get its rivals on board for its "zero tolerance" stance on accidents and injuries.
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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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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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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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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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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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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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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.
