World News – Page 396
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America witness birth of ports goliath
AIG Highstar Capital, owner of and investor in Ports America, MTC Holdings and Amports, has restructured its business to create a single management structure for the entire enterprise.
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Spaniards invest in India
A consortium consisting of Gammon India, Gammon Infrastructure and Dragados-SPL of Spain has been awarded a 30-year concession to develop an offshore container terminal at the Port of Mumbai.
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HPH commits to $150m Jakarta expansion
Jakarta International Container Terminal is investing $150m in a bid to expand capacity to over 3m teu.
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Transas nets Cochin VTS order
Port equipment specialist Transas is to supply, install and commission a Vessel Traffic Management System (VTS) at Cochin Port.
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Manzanillo 'fastest growth' claim
The Mexican port of Manzanillo handled 1.5m containers in 2007 compared with 1.25m containers in 2006, equivalent to growth of 20%. These figures have led the port to claim its place among the three fastest growing ports in the world.
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NewsRotterdam celebrates European first
Rotterdam became the first European port to break through the 400m tonnes throughput barrier in 2007 after final figures for the year revealed a 6.4% increase over 2006, to 406m tonnes.
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NewsQatar throws $6bn at port development
The Gulf state of Qatar is to spend $6bn on developing a deep sea port to the north of Mesaieed covering an area of 20 sq km. Initial capacity will be 2m teu, rising to 6m teu by 2030, when the entire complex will be fully operational.
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NewsChina powers past 100m teu mark
In 2007, Chinese ports breached the 100m teu mark at the end of November, with a special ceremony held at the port of Tianjin.
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NewsMacquarie invests in Busan
Macquarie Korea Infrastructure Fund (MKIF) is to invest $277m in Busan New Port Container Terminal - the concession company with the right to develop, operate and maintain the Busan New Port Phase 2-3 in Korea.
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MoS services to double Vigo throughput
Motorways of the Sea services should double traffic at the port of Vigo within five years to 4m tonnes/year with an expected eight additional vessel calls a day. These will operate on the route linking Algeciras, Vigo, Saint Nazaire and Le Havre. Other services will link Gijon and Saint Nazaire, ...
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NewsHPH confirmed as mystery Drogheda operator
Drogheda Port Company (DPC) has finally confirmed Hutchison Port Holdings (HPH) is the "world class operator" that will run its new ¢ 300m ($443.6m) deep-water port in Ireland.
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NewsCFM chairmans slams Maputo monopoly
The chairman of CFM, Rui Fonseca, Mozambique's publicly-owned ports and rail company, has commented that it was a serious mistake leasing the port of Maputo to a single private consortium.
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Valencia advances Levante expansion
Valencia Port has issued a tender in respect of a new outer protection dike, which will enable expansion of Levante quay to go ahead.
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Valencia vehicles development
Valencia Terminal Europa is to invest ¢ 15.7m in a new vehicles terminal at Dique del Este in the port of Valencia.
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Foreign groups linked to Iranian investment
ICTSI and India's Hinduja Group have both been linked with a possible 45% equity acquisition involving Iran's Tidewater Middle East Marine Services Company, which is currently owned by the Ports and Shipping Organisation.
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Malaysia relaxes crane import restrictions
Malaysia is to relax laws allowing local operators to import cranes from abroad.
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Vietnam seeks maritime investment
Vietnam is seeking investment from both domestic and foreign sources to expand and develop the country's ports sector, expected to handle 200m tonnes of cargo in 2010 and 400m tonnes in 2020.
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CMA CGM in Xiamen investment
CMA CGM, in partnership with Xiamen municipality and Hong Kong-based New World Services, is to undertake a joint-venture construction of a new container terminal at Haicang, in the port of Xiamen. This is due to enter service in 2009.
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New box terminal in Jacksonville
Mitsui OSL Lines'' dedicated container terminal in the US port of Jacksonville is due to become operational in early 2009. It will be known as the TraPac Jacksonville terminal and will be operated by MOL via its TraPac Inc subsidiary as part of a concession granted in 2005.
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Extra 1.2 million TEU capacity for Santos
The proposed new Brasil Terminal Portuá rio (BTP), which is to be built in the port of Santos, will move 1.2m teu/year, the equivalent of 75% of throughput reported at the port in 2006. Europe Terminal, the biggest shareholder in the project, says the facilities will be built on the ...
