World News – Page 430
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NewsChile issues ports policy
The Chilean government has released its new national ports'' policy, which emphasises the need to award more terminal concessions as a means of boosting competition.
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Portland and Vancouver trade volume to double
A study undertaken by the Port of Portland Commission has forecast a doubling of trade volume in the Portland/Vancouver region by 2035. The study highlights the need to plan and invest to increase the capacity of trade and transportation support while reducing the negative impacts on the region''s liveability.
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CORMAGDALENA RIVER UPGRADE
Colombia has invested ¢ 350,000 in upgrading the navigability of the Cormagdalena River, which gives access to the port of Barranquilla. It has also improved safety at existing ports along the river and added flood protection.
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LONG BEACH UPGRADES CRANES
Long Beach Container Terminal has awarded Vycon with an order for green energy storage systems for six of its rubber-tyred gantries.
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NewsManta concession worries regional rivals
The awarding of a concession to Terminales Internacionales del Ecuador (Tide) to operate the Ecuadorian port of Manta has worried operators and ports in neighbouring Colombia and Peru.
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Zeebrugge lures the big boys
Samskip and terminal operator PSA HNN have announced that they are to cooperate in the development of the Port of Zeebrugge as an important hub for shortsea container activities in Northern Europe.
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NewsEurope's port powerhouse
As Antwerp looks to cash in on a regional capacity deficit, Rotterdam gets the all-important go-ahead for its long term expansion
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A hive of Activity
Across the Port of Rotterdam there are nearly 50 major development projects either under way or close to starting, including two liquefied natural gas (LNG) terminals, four electricity plants and eight new terminals for a variety of commodities.
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Maasvlakte 2 in figures
Maasvlakte 2, Rotterdam''s new port and industrial zone, is to be built right on the North Sea.Development is expected to take place over the next 20 to 30 years. The development will add 20% to the present port and industrial area, measured in hectares, and treble the port''s container handling ...
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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.
