World News – Page 382
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Callao will reach capacity limit in 2010
Lima''s chamber of commerce has warned that Callao port will reach full capacity by 2010 and that investment in alternative outlets such as Paita and Pisco must be speeded up to help manage traffic. Even a new development being funded by DP World is still seen as insufficient to cater ...
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100% box scanning for Karachi?
Following a successful pilot programme at the Pakistani port of Qasim, US officials are now extending measures to scan all US-bound containers at the port of Karachi.
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Kochi copes with congestion
If a container is left in the stacking yard at the port of Kochi for more than 15 days, it will now automatically be moved to a private container freight station as a congestion-busting measure.
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NewsSlowdown in Yangtze Delta
Ports in the Yangtze River Delta have reported a slowdown in container throughput growth in the first half of this year.
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NewsNew bids for Chennai box terminal
Chennai Port has invited fresh bids for its Mega-Container Terminal after changes to the terms and conditions of the concession pushed the forecast cost up to $787m.
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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.
