World News – Page 411
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NOL terminal spin-off
Shipping line Neptune Orient Lines is to create a separate business for its container terminal unit known as APL Terminals.
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Malta Freeport expands
CMA CGM is to invest ¢ 130m ($188.6m) in expanding the Malta Freeport container terminal, which the group first acquired in 2004. This will boost throughput from 1.9m teu to 3m teu.
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Private operators eye openings in Brazil
Brazilian National Waterways regulator, Antaq, is reviewing the possibility of allowing new private port terminals to be established.
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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.
