World News – Page 428
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MANTA HANDOVER COMPLETE
Hutchison Port Holdings has handed over the Ecuadorian Port of Manta to Terminales Internacionales del Ecuador (Tide),marking the start of a 30-year concession.The original agreement, which had seen the transfer taking place on January 1, 2007, was put back by one month on the back of paperwork difficulties.
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Colombian/Venezuelan ports link floated
The National Highways Institute of Colombia (Invías) has been given the go-ahead to implement a $103m highway and port project,which aims to link Pacific coast ports to Venezuela''s Atlantic coast. The project encompasses improving the navigability of river access and also building new roads.
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Bromma boosts South America business
The main access will be between Buenaventura and Puerto Lopez on the Meta River, from where there will be improved access to Puerto Ordaz in Venezuela. "We are delighted with the many successful partnerships we continue to develop with container terminals in Latin America, Mexico, and the Caribbean" said Lars ...
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Ecuadorians fear competition from outsiders
Small port terminal operators in Ecuador are somewhat worried by the emergence of major port development projects, such as Manta and Posorja.
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US PURCHASE FOR KALMAR
Kalmar has acquired American service company Port Equipment Service to "strengthen its position in US ports".The deal, sealed at an undisclosed sum, will see the founders of PES, Dan Stevens and Tom McDonough, continuing to run the existing intermodal and port service business,while the entire Port Equipment Service operation will ...
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Scanning partnership to improve security
Container radiation scanning specialist VeriTainer and shipping optical character recognition developer APS Technology have teamed up to offer high-tech box identification at ports.
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NewsLibra moots Santos investment increase
The Libra Group, Brazil''s leading port container operator, is looking to invest $12m in Terminal 37 at the port of Santos, which would also involve the acquisition of two quayside gantry cranes, each of which would cost $6m. In 2006, Libra ploughed $23m into the terminal in the form of ...
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Port wants to keep short sea discounts
Santos Port Authority (Codesp) has asked the Port Authority Council (CAP) to be allowed to keep offering 50% discounts for transhipment and cabotage traffic in the port for at least a further six months.
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Taiwan has opened Qingdao terminal
Taiwan-based shipping line, Evergreen, has inaugurated a new $300m container terminal at the Chinese port of Qingdao. It will provide logistics support to vessels linking China, South Korea and Japan.
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ICTSI swoops on Shandong terminal
Global port operator International Container Terminal Services Inc (ICTSI) has bolstered its Asian port holdings with a majority share in a Chinese operator.
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China's bright star still shining
"China''s port industry shows a promising future", a recent report from Research in China has found. The study estimates that China''s port handling capacity will increase by 80% or more from 2006 to 2010 and by 2010 the annual handling capacity of Chinese ports will top 6bn tonnes. Container handing ...
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Klang and Incheon pool resources
Port Klang and Incheon Port have signed a Memorandum of Understanding (MoU) to improve trade, traffic and services between the two ports. Last year, Port Klang handled 22,000 teu from Incheon Port, a rise of 37.5% from 16,000 teu in 2005. Total throughput from South Korea was 142,000 teu in ...
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NewsOOIL terminal division sale awaits official seal
Hong Kong-based Orient Overseas (International) Ltd (OOIL) deal to sell its terminal division to Canada''s Ontario Teachers'' Pension Plan for $2.35m is awaiting approval from shareholders and competition authorities.
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WEST BENGAL FEASIBILITY
The tender for a feasibility study for a deep-water port in West Bengal has attracted bids from consultancy firms in the US, Europe and China. In addition to drawing up the report, the winning bidder will have to maintain an association with the project until it is fully implemented.
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INDIANS FINANCE PORTS
India''s private-sector is forecast to invest $7.67bn in the domestic port industry over the next six years.The 276 potential projects will require total investment of $12.4bn, which will be state-funded where possible.
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CHINESE INVEST IN INDONESIA
Two Chinese companies - China National Property Administration Council and Qili Holdings - are making substantial investments in the Indonesian province of Papua. Biak Port will benefit from the construction of a new container terminal.
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HORIZON PRESENCE IN KOREA
Dubai-based Horizon Terminal Ltd recently inaugurated its joint-venture Horizon Taeyoung Korea Terminals in partnership with the Taeyoung Group, expanding the company''s terminal network in the Korean port of Ulsan. A 130,000 sq m expansion area will be created, capable of accommodating vessels of up to 30,000 dwt at a cost ...
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CHINA SHIPPING SEEKS MALAYSIAN OPPORTUNITIES
China Shipping Terminal Development, part of the China Shipping Group, is rumoured to be negotiating an equity stake at the Malaysian port of Tanjung Pelepas, although this has been officially denied.The company is also in talks with Port Klang box terminal operator Westport, with the same aim in mind.
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SHANGHAI SHARES UP
Shares in Shanghai International Port (Group) Company Ltd are now being traded on stock exchanges in both Shanghai and Shenzhen.Despite being valued at above the company''s initial expectations, the shares rose by 3% in early trading.
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SHENZHEN CONCENTRATES OWNERSHIP
DP World is to sell a stake in two of its three Shenzhen terminals for $229m to China Merchants Holding, which has also agreed to the purchase of further equity currently held by minority shareholder Swire.This would allow three box facilities to merge ||under the Mega SCT name.
