World News – Page 389
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Deutsche Bank buys assets in New York
Deutsche Bank group company RREEF has been granted permission to acquire Maher Terminals by the Port Authority of New York-New Jersey.
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Uruguay upgrading river port traffic...
Uruguay plans to spend $160m over the next five years on reactivating trade at the ports of Salto and Paysandú, as well as upgrading facilities at Montevideo, Fray Bentos and Colonia.
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San Antonio seeks to expand
Attempts by the Chilean port of San Antonio to expand into an adjacent 88.6 hectare area are being opposed by many in the city, as it would mean the destruction of the park that currently occupies the site.
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Goldman Sachs buys into SSA Marine
Goldman Sachs has acquired a 49% stake in SSA Marine, although it is not known how much was paid for the shares.
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NewsPanama Canal expansion contracts awarded
The $5.25bn extension of the Panama Canal will be undertaken through the placing of eight contracts.
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Three ways discussed of privatising El Salvador's ports
El Salvador''s National Port Authority is looking into three possible methods of awarding concessions at the ports of La Unión and Acajutla.
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Newsthe irony of africa
Further port privatisation will be crucial to reducing trading costs for West African nations, as Mike King dscovers
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Buenos Aires blockage
Container traffic is climbing in Buenos Aires but short term plans to install newcapacity are still stalled. Mike Mundy reports
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NewsThe ride of a lifetime
China''s dizzying box growth is unparalleled in history,and Wing Kah-goh hears the high adrenaline container rollercoaster is far from over
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NewsShipping lines want piece of Brazilian port action
Across the estuary from Navegantes lies the port of Itajai, the third biggest port for containers in Brazil, with more than 600,000 teu handled in 2006.
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Chennai commits investment
Chennai Port Trust will invest € 267m ($361.2m) over the next two to three years as throughput in the last financial year rose 13%. Half of this investment will be spent on a new dedicated elevated expressway linking the port with National Highway 4.
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Upgrade loan for Vyborg
A multi-purpose port situated in the Gulf of Vyborg, about 113km from St Petersburg, will be helped in its ¢ 233m ($366m) modernisation by a ¢ 115m ($180.7m) loan from the European Bank of Reconstruction & Development.
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Latvia eyes Russian/Asian cargo
Latvia''s is set to carve out a role for itself as a transhipment and handling centre for containerised cargo to and from Russia, China, Korea and other Asian states, according to officials. To add further value, the country will provide additional logistics and transport infrastructure.
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Suape gets greener
The Brazilian Port and industrial complex at Suape is to invest $9.84m in environmental projects up to 2010. These will be funded through the sale of land in the industrial area.
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Russia goes deeper
A new deep water port is to be built at Karelian Belomorsk in Russia, 376 kilometres from Petrozavodsk.
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CVRD to invest in Oman
CVRD is to invest $1bn in Oman in the construction of an iron ore pelletisation plant and distribution centre at the Port of Sohar, which is also collaborating financially on the project. Annual throughput will be 7.5m tonnes of pellets.
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Colombia woos private investors
Private investors are being the opportunity to commit cash to three new port projects in Colombia.
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Chittagong to go private
Pacific International Line in collaboration with Container Terminal Services are favourites to be awarded the concession to operate Chittagong Container Terminal. Other bidders are Everest Enterprise Ltd and incumbent terminal operator SAIF Powertec.
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El Salvador port privatisation overhaul
The Autonomous Port Executive Commission of El Salvador is seeking private sector investors to take over management of its ports.
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NewsBirth of the super-port
Hong Kong and Shanghai have barely stopped for breath over the last 50 years, as Wing Kah-goh explains
