World News – Page 442
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PANAMA ADDS QUAYS
The government of Panama is to build a series of 12 quays in the province of Colón.
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PORTS AMERICA GOES LIVE
On March 17, DP World completed the sale of its former P& O Ports US assets to the AIG Global Investment Group, which will henceforth market them as Ports America.
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NY/NJ SETS RECORD
Cargo throughput at the Port of New York and New Jersey hit record levels in 2006. The rise has prompted the port authority to commit to a $2bn investment programme over the next 10 years.
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Biometrics question safety at US ports
A Federal programme aimed at improving maritime security in the US may well result in up to one million port personnel having to undergo additional background checks and obtain biometric identification cards.
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NewsICTSI granted Guayaquil concession
ICTSI has been granted a 20-year concession to manage the Ecuadorian port of Guayaquil. Its initial priority will be to reinforce existing quaysides at a cost of around $168m, taking two years to implement. Total investment across the 20 years of the concession will be around $800m.
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US short-sea shipping call
Short-sea shipping is the only answer to the US capacity crunch, according to Charles Raymond, chairman, president and chief executive of Horizon Lines. In his view,rising container imports are placing extreme pressure on an already strained transportation infrastructure.
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NewsChennai two terms confirmed
Chennai Port Trust has released the terms of the recently-awarded PSA-Sical 30-year concession to operate the second container terminal in the port.
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PORT MARLBOROUGH ESTABLISHES PROPERTY SUBSIDIARY
A new subsidiary company, Port Properties, has been created by Port Marlborough to manage its NZ$50m ($36.8m)- valued property assets.The move is a reflection of the volume and scale of the property development activities likely to be undertaken at the port over the next few years and will also enable ...
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BUSY TIME FOR GISBORNE PORT
Eastland Port is expecting to report considerable increases in the volume of forestry and squash exported this financial year. Log throughput is expected to rise about 50% to 600,000 JAS tonnes and squash to double to 30,000 tonnes, with "additional kiwifruit volumes" also mooted.
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MELBOURNE CHANNEL
The Victorian Government has released a supplementary environment effects report into the proposed channel-deepening project for the Port of Melbourne. The report includes data from more than 40 technical studies and a trial dredge.
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PORT HEDLAND EXPANSION
Expansion plans approved by BHP will see Port Hedland reclaim the title of Australia''s largest port by 2010. The fourth stage of BHP''s A$2.3bn ($1.9bn) Rapid Growth Project will boost the port''s iron ore capacity to 155m tonnes per year.The expansion involves upgrades from the mines to the port, including ...
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NewsTauranga withdraws from merger talks
Port of Tauranga has formally withdrawn from merger discussions with Ports of Auckland, despite stating that a merger would generate "significant financial benefits" to customers and shareholders alike.
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NewsFremantle halts new terminal plans
The Western Australian port of Fremantle has put a halt in the shortterm to any further consideration of a third container terminal in the Inner Harbour. Mediterranean Shipping Company had proposed to redevelop Berths 11 and 12 on North Quay as a container terminal. But for the moment the port ...
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Auckland truckies breathe sigh of relief
A range of congestion-addressing measures recently employed by the Ports of Auckland have reduced truck queues to less than half an hour at both Axis Fergusson and Axis Bledisloe container terminals.
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HPH Brisbane winner
An operating duopoly on Australia''s east coast is set to be upended by the arrival of Hutchison Port Holdings (HPH).
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Double demand on Marlborough
the port operation itself and quite of lot of undeveloped land and resources,” he said. “ Another encouraging sign is the logging, which had not been performing that well, but is improving at the moment.
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Auckland overcomes congestion blight
Removal of a large backlog of empty containers and continued personnel recruitment have significantly improved congestion at the Ports of Auckland.
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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.
