World News – Page 442
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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.
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TYRE SHORTAGE CRISIS
A global tyre manufacturing shortage is forcing New Zealand container terminal operators to alter ordering patterns and even seek new supply lines to keep their large wharf machinery in operation.
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NEW ZEALAND INTERIMS
New Zealand port companies who have recently published financial results for the six months to December 31, 2006 include: Northport - NZ$7.5m (US$5.2m) after-tax profit (up 834%) and NZ$9.4m (US$6.5m) (up 217%); Port of Tauranga -- NZ$21.3m (US$14.8m) after-tax profit (up 56%) and NZ$73.7m (US$51.2m) revenue (up 20.7%); Lyttelton Port ...
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TAURANGA BOXES CLEVER
NZX service vessel Dolores was recently completely discharged at the Port of Tauranga by three cranes over a 23.2-hour period. The resulting 2064 container moves were completed at an average vessel rate of 91 moves per hour and average crane rate of 31.7 movers per hour.The world standard for crane ...
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PORT WALCOTT INVESTMENT
Mitsui Iron Ore Development is to invest $284m to increase the export capacity for iron ore at Australia''s Port Walcott, situated at Cape Lambert, rising from 55m tonnes to 80m tonnes a year.
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DP World calls off Australian merger
DP World has abandoned plans to merge its Australian subsidiary P& O Maritime Services with offshore oil services firm Mermaid Marine Australia. An agreement, which had been reached by both sides in December, would have involved a share swap, leaving DP World with a 60% stake in the joint company. ...
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Geelong considers intermodal freight options
The Australian city of Geelong is toundertake a detailed study of theimpact an intermodal terminal wouldhave in enhancing its freight anddistribution networks
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Newcastle policy reversal
Port Waratah Coal Services has asked the Australian Competition and Consumer Commission to approve a revised capacity balancing system for the port of Newcastle.
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NewsNorthern port merger in doubt
Competition lawyers believe New Zealand''s Commerce Commission will prove a difficult obstacle to any potential merger plans between the ports of Auckland and Tauranga.
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Melbourne prospects boost
A deepening project proposed for Victoria''s Port Phillip Bay has been given the thumbs-up by the treasurer of Victoria, John Brumby.
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NewsCavotec to launch share offer
A share offer in the range of NZ$25m (US$17.4m) to NZ$50m (US$34.8m) is expected from NZXlisted international company Cavotec MSL.
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Call for South Island freight hub
A "two islands, two hubs" solution is required to rectify "distortions" in New Zealand''s logistical and transport sectors, according to Canterbury Manufacturers'' Association (CMA) chief executive John Walley. Particularly incensed about the lack of a local roll-on roll-off option to Australia for companies based in the South Island, Mr Walley ...
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NewsEastern Allure
India has the promise that port investors look for but there remains significant scope to enhance its attractiveness. Mike Mundy reports There is no disputing that India needs new port capacity and where new port capacity is needed there are opportunities.
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DPW to boost traffic by 50% over three years
DP World''s chairman, Sultan Ahmad Bin Sulayem,has revealed that over the next three years the company intends to boost its global container throughput by 50%.
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NewsPioneering tug design breaks Europe
US towage company Seabulk is looking to build on its first break into the European market with its patented Ship Docking Module (SDM) tug design.
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NewsJones to take up ABP mantle
Former Mersey Docks and Harbour Company (MDHC) boss Peter Jones has been appointed chief executive of Associated British Ports (ABP) from April 1. He will take over from Bo Lerenius, 60, who is retiring from ABP after eight years as chief executive.
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WALLHAMN AND KALMAR TEAM UP
Wallhamn,Sweden''s largest private port,has signed a deal with Kalmar for the financing, insurance, leasing and maintenance of two reachstackers, one 33-tonne fork-lift truck,one 25-tonne fork-lift truck, four terminal tractors, four 8-tonne fork-lift trucks, and a number of smaller Linde trucks.
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ROTTERDAM LEGAL SUCCESS ...
The Port of Rotterdam Authority has come out on top in a $26m claim lodged by Commerzbank. A Rotterdam court dismissed the claim, which stemmed from the end of August 2004,when it emerged that the former chief executive of the Port Authority had allegedly authorised guarantees for bank loans worth ...
