World News – Page 424
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NewsNicaragua to invest at least $50m
Nicaragua''s National Port Authority is to borrow $50m over the next five years to invest in upgrading ports.
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NewsNo space for Tampico terminal
The proposed multi-purpose terminal at the port of Tampico is not viable, because it will increase congestion in the surrounding urban area, a heavily touristic area, local sources have said.
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TUI SELLS MONTRÉAL MAJORITY
TUI, owner of shipping line Hapag-Lloyd, has sold an 80% stake in Montréal Gateway Terminals to Morgan Stanley. The company acquired the initial stake after its buyout of CP Ships.
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BUENAVENTURA WINDFALL
The Colombian government has allocated $450m to the port of Buenaventura.
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P&O PORTS GETS THE RUBB
Storage facility manufacturer Rubb Buildings has installed a new facility at P& O Ports Dundalk Terminal in Baltimore.
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NY-NJ wants in on DP World profit
The New York-New Jersey port authority has asked DP World for a "transaction or transfer fee", amounting to as much as $84m, as part of the $450m sale of former P& O ports assets in the state, news reports have claimed. But DP World spokesperson Mohammad Sharaf said: "They ...
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New tender for Guayaquil
The government of Ecuador has not ruled out launching a new tender for the concession to run the port of Guayaquil, while in the meantime it has commenced restructuring of the port authority both there and in the cities of Manta, Esmeraldas and Puerto Bolívar. Guayaquil, it is argued, needs ...
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Chile for China?
Doubts have been cast on the effectiveness of using Chilean ports to export goods from South America''s Atlantic coast to destinations in Asia. In part, this is because export cargo from Uruguay and Argentina is not as important as was previously thought.
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NewsSSA Marine switches to ethanol
SSA Marine has introduced a programme to reduce noise emissions from handling equipment at container terminals where it operates.
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NewsSting of success
Booming Brazilian trade has filled the country''s coffers, but port infrastructure works are now achingly overdue, as Rob Ward finds out
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Early doors
The opening of long-awaited Brazilian box terminal Navegantes ahead of schedule could be a breath of fresh air for the country''s congested ports.Rob Ward reports
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NOL QINGDAO PROJECT
Neptune Orient Lines of Singapore and Chinese partner the SITC Maritime (Group) have established a joint-venture to build and manage the new container terminal at the Chinese port of Qingdao to implement the concession it was awarded in 2005.
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VIETNAMESE PORTS NEED $3.7BN
Vietnam has said it needs $3.7bn to build and upgrade existing ports throughout its territory by 2010.Van Phong in Khanh Hoa province and Lach Huyen in Hal Phong city have been identified as the ports with the best growth potential.
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PORTEK SHARE SOLD
Stockholm-based Bromma Group has bought a 25% equity interest in Bromma Far East (Singapore) from Portek International, to give it sole ownership of the company.
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PTP KALMAR LINK
The Port of Tanjung Pelepas is to upgrade its rubber-tyred gantry fleet with Kalmar''s Fleetview fleet management system.Marking the first order for the system in Asia, the upgrade will be completed by April 2007 and will allow port control room staff to monitor the real-time positioning and efficient control of ...
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Chittagong embraces private sector
Saif Powertec Ltd has been awarded an exclusive cargo handling contract to manage Chittagong Container Terminal, bringing to an end the former stevedoring model previously preferred by the port authority. Initially, the private sector company will run the terminal as part of a pilot scheme, undertaking activities both on the ...
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Plans advance for Vallarpadam
DP World, container handler at the Indian port of Cochin, has submitted plans to the port authority for the proposed Vallarpadam transhipment terminal.
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Paradip builds two berths
India''s Paradip port is to issue tenders within the next three months for the construction of two new berths; one to handle iron ore exports, while the other will concentrate on imported coking coal.
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NewsMalacca Strait fund call
Japan''s The Nippon Foundation has spear-headed a call for a cost-sharing scheme to protect the future of the Straits of Malacca and Singapore.
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Riding the Malaysian transhipment wave
Ports in Malaysia posted a 12% volume increase last year in containers with a total of 13.6m teu handled, compared with 12m teu in 2005.
