World News – Page 407
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NewsBeirut looks to the sea
The port of Beirut authority is considering a $40m project to reclaim an area of 150,000 sq m.
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Varna to build box terminal
The Bulgarian port of Varna is to build a new container terminal through a joint venture including municipal authorities in Varna. Private sector involvement in the ¢ 90m ($130.6m) will be restricted to 30%. Work is scheduled to start at the end of this year.
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NewsSepitiba to expand to hub status
CSN is to invest $17m in the container terminal it operates at the Brazilian port of Sepetiba. Expansion of the terminal will allow it to function as a distribution hub for both cabotage and deep sea services.
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New port to take shape
Work on new $62m Vietnam port jointly developed by forwarding company Gemadept (51%) and steel sheet manufacturer Hoa Sen Group (45%) is to start in April.
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NewsICTSI enjoys healthy income
Surging net profits for Philippines-based International Container Terminal Services Inc have cemented the port operator''s strong market position.
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NewsKGL rolls out ports fund
KGL Investment Company has established a $500m fund to finance port projects in emerging markets.
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NewsFrench now open to privatisation
The French government has introduced a ports reform programme, which will allow the privatisation of cargo handling at ports.
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NewsFelixstowe
Two ship-to-shore gantry cranes at Felixstowe''s Landguard Terminal ended up in a mangled heap on the quayside at the weekend after a ship delivering three new ship-to-shore cranes to the port broke loose from its moorings in high winds and crashed into them.
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Tanzania opens eight ICDs
Eight private companies in Tanzania have been licensed to operate inland container depots (ICDs) as a means of providing capacity relief for the container terminal at the port of Dar es Salaam.
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Vietnam confident on 2008 port success
The head of Vietnam's Maritime Administration believes that 2008 will be a banner year for the country's ports following an injection of investment capital.
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EIB funds Rotterdam expansion
The European Investment Bank has granted a ¢ 900m ($1.3bn) loan to the Port of Rotterdam to finance infrastructure expansion. The financing contract for the first ¢ 100m ($145m) has already been signed.
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Ten JVs in Longkou
The Chinese port of Longkou has increased throughput in the last five years from 6.2m tonnes to 25m tonnes. Ten private investment and corporative agreements have been reached with more than 10 shareholders in areas such as containers, liquid and dry bulk.
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NewsHutchison Moves INto Brisbane
A formal agreement has been signed by Hutchison Port Holdings (HPH) to lease two new container berths (Berths 11 and 12) from the Port of Brisbane Corporation (PBC).
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Plans for an A$1bn (US$896m) ocean terminal at Townsville have moved closer with the release of an environmental impact statement. The development includes construction of a terminal with international-standard cruiseship facilities, and residential and marina precincts. Construction could begin this year and be complete in 2010.
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NewsBARRY PARKER New initiatives in North American port funding
Politicians are coming at the US congestion crisis from a number of angles. But will there be a workable solution offered asks Barry Parker
