World News – Page 433
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Peru calls halt on ports privatisation
Proinversión, promoter of private sector investment in Peruvian companies, has temporarily halted the concession process covering the country''s five main ports until a master development plan has been drawn up for each.
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NewsPortland on track
The Port of Portland Commission has approved the second of two rail construction contracts for a project that will help increase intermodal volumes through the Port''s Terminal 6 container facility.
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US "sweet spot' for ports
Craig Fuehrer, director in the group at Deutsche Bank Securities, the bank handling the sale of DP World''s US facilities, was mum about details of the bidding process, in a presentation at a Marine Money ship finance conference in New York.
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NewsCCT threatens Coco Solo legal action
Management of Colon Container Terminal (CCT), an Evergreen subsidiary, is to take legal action against Panama Maritime Authority (AMP), because it believes that its rights to operate in the Atlantic coast port of Coco Solo are being infringed. According to CCT, Colon Oil and Services SA, a concessionaire in Coco ...
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COLOMBIAN PORT COMPANIES NEGOTIATE EXTENSION
The Colombian Transport Minister has revealed that an initial agreement has been made between the government and the port companies of Santa Marta, Barranquilla and Buenaventura in respect of the renewal of their management agreements.
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SANTOS TENDERS FOR VIABILITY STUDY
A tender issued by the Santos Port Authority will consider the economic viability for a proposed concession of Vopack Brasterminais Armazéns Gerais,on the so-called continental side of the port at Barnabé Island.The concession, which is currently held by a Dutch group, is due to expire within the next three years.
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TACOMA BUDGET APPROVED
The Port of Tacoma Commission has given the go-ahead to a 2007 budget of $102.5m, an increase of 12.6% over 2006. The commission also authorised port staff to issue general obligation bonds to refund debt, up to the value of $75m.
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KERALA PORT PLAN
The Indian state government of Kerala is planning construction of a new port at Beypore, near Kozhikode.This will be taken forward as a joint-venture between the private sector and both the state and national governments.
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BUSAN LURES CMA CGM
Korea''s Busan New Port has attracted CMA CGM to its Phase 2-3 expansion programme, subject to government approval. CMA CGM reached an agreement with Hyundai Industry Development Consortium, developer and operator of four berths of Phase 2-3 at Busan New Port, to invest in the project.The agreement follows a government ...
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SINGAPORE SOFTWARE
A new internet-based service to better predict the state of the currents at a given period, not only on the approaches to the port, but also alongside the berths themselves has proved popular in the Port of Singapore.
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NewsColombo identifies Cochin as major threat
Colombo Port Authority has publicly recognised the threat being posed by DP World''s new box handling facility, Vallarpadam International Transhipment Container Terminal, currently under construction at the port of Cochin. Within eight years, this will handle around 15 times as many containers as it does today.
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State bureaucracy killing Indian orders.
State-run ports in India are failing to provide private sector manufacturers with sufficient work in respect of new crane and equipment construction. A slow decision-making process and onerous terms and conditions in contracts have been blamed for the slowdown,which has led to only limited bids in response to state-issued tenders.
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NewsChennai Port to build wind farm
Chennai Port Trust has announced plans to build a wind farm at a cost of $16.8m. The tender is due to be issued shortly for what will be the first project of its kind undertaken by Indian ports. Chennai Port annually consumes 30m units costing $6.7m, which the governing body ...
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News1,000,000th teu
International Container Terminal Services Inc''s (ICTSI) Manila container terminal celebrates hitting 1m teu for the fifth straight year, proof, it says, of the terminal''s recovering volume growth. ICTSI''s net income for the third quarter was $9.1m, up 25% over the corresponding period in 2005.
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Tianjin returns to PSA for expansion joint venture
Tianjin Port Authority has given its goahead for a third phase expansion of its container terminal at a cost of $840m. The project is being taken forward by Tianjin Port Pacific International Container Terminal, which is a joint-venture between PSA China (49%) and Tianjin Port Group (51%). It involves construction ...
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NewsLocal Support National Success
US West Coast ports agree that they can only tackle the many pressing issues facing them if they engage with the community, and get their message across beyond the confines of the port, as David Foxwell explains.
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Columbia River deepening "key infrastructure project"
A proposed deepening of the Columbia River has become "one of the most important infrastructure projects in a generation", according to the Port of Portland''s marine director Sam Ruda. Mr Ruda tells Port Strategy: "We''re always focused on the Federal Water Resources Development Act and annual federal appropriations bills for ...
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NewsLet Battle Commence
Mediterranean Shipping Company has had enough of what it sees as a non-competitive environment in the Port of Buenos Aires and is making a stand. Mike Mundy reports on the war being waged
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MSC's complaints on draught in Buenos Aires centre on the following:
In a ground-breaking move,Mediterranean Shipping Company (MSC), has filed a major complaint with Argentina's anti-trust authority that alleges there are "no real alternatives as regards port terminal service providers"and therefore that "its operations in the port, as well as Argentine foreign trade, are exposed to the risks, abuses and prejudice ...
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NewsNorthern lights
The port of Hong Kong is being eclipsed but its port operators are still raking it in through smart investments outside of the former number one hub
