World News – Page 411
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Singapore property price pull
Property prices in Singapore could make it difficult for authorities in that country to expand port facilities in the longer term, claim experts in Malaysia.
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Shanghai now number two
Shanghai has overtaken Hong Kong to become the second largest container port in the world.
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Japan funds Angolan rehab
Japan is to provide $65m to rehabilitate the Southern Angolan ports of Lobito and Namibe by 2010. According to Japanese consultants, Lobito needs $35m of upgrading work and Namibe $30m.
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NewsPTP positions itself for box dominance
The government of Malaysia is to rationalise traffic at the ports of Tanjung Pelepas and Johor. The former will henceforth concentrate purely on container traffic, while Johor will specialise in non-containerised cargo. Both are owned by MMC Corporation.
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Chinese capacity constraints
Chinese experts predict that by 2010 national ports will be handling 8bn tonnes of cargo annually and 170m teu. Existing capacity is for 5.6bn tonnes and 93m teu.
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NewsBreaking the mould
HPH’ s muscling in on the Brisbane scene could have far-reaching implications for Australia’ s operations sector.
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NewsPatrick takeover cuts Toll in two
Toll Holdings,Australia’ s largest logistics and ports concern, has split into two following the takeover of container terminal operator Patrick Corp.
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Inland port scheme attracts key supporters
New Zealand railway network provider, Ontrack, is backing a NZ$6m-7m ($4.6m-$5.4m) plan to develop Ports of Auckland’ s Wiri inland port into a raillinked facility potentially capable of handling 200,000 teu per year, writes Iain MacIntyre.
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NewsDeepening Woes
Melbourne’s much-needed dredging programme is still a long way off becoming a reality.
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Log exports boom carves a path for NZ ports
New Zealand’ s forestry exporting ports are flourishing, with a construction boom in Asia and export log restrictions in Russia pushing the price of locally-produced logs up 20% over the past year,writes Iain MacIntyre.
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Coastal shipping waits for chance to shine
Coastal shipping advocates in New Zealand will soon discover if the Government intends putting their transport mode on an equal footing with road and rail in funding and policy decisions.
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NewsFirst hurdle fall
New Zealand’ s two key ports have walked away from the merger negotiating table, but at what cost?
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NewsStrength of Sydney
The Australian port welcomes a broad range of cargoes through its doors, as Iain MacIntyre reports
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NewsWake-up call
Time for a serious rethink on regulating port pricing in India’ s major ports. Mike Mundy explains why
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NewsPersonal banking
India needs to capture private sector investment if it is to realise its full future potential. Gordon Feller reports
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NewsNew mobile cranes for ICTSI Syria
ICTSI subsidiary Tartous Inter-national Container Terminal has contracted manufacturer Liebherr for two new mobile harbour cranes, a first for Syria. Tradition-ally, container handling in the country has been undertaken by geared vessels.
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DP World commits to long-term financing
DP World plans to issue both conventional bonds and Islamic bonds as a means of extending its debt maturity profile.
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Saqr to boost berthage
Four new berths have been commissioned at Saqr Port in the United Arab Emirates. These 795 metre long berths will bring to 12 the number of operational berths available to shipping. The port recently opened a new 350,000 teu container terminal operated by KGL Ports.
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Two Ngqura box terminals
Private-sector companies are going to be asked to bid for two large container terminals at South Africa' s Ngqura Port, which will require investment of € 841m ($1.1bn). These will be able to handle 3m teu annually, with expansion potential to eventually handle 4m teu.
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Ashdod investigated for nepotism
Israel' s State Comptroller is investigating reports of nepotism at Ashdod Port Company Limited. Of concern is the fact that most employees being hired already have family members working for the company. No new hiring will take place at the port until the report conclusions have been released.
