World News – Page 452
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NewsFelixstowe gets green light
At time of press, Felixstowe''s expansion plans - Felixstowe South - were expected to get the green light from Government imminently. This follows news late last year that Hutchison Port Holdings'' neighbouring project at Bathside Bay was also likely to get the go-ahead together with P& O Ports'' London Gateway ...
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NewsPort services directive buried
The European Parliament has rejected the second Proposal of the European Commission to regulate market access to port services with a massive majority of 532 out of 677.
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CADIZ BAY INVESTMENT PLAN
The Proposal is now expected to be withdrawn altogether. Cadiz Bay Port Authority is to invest ¢70m in the 2006-2009 period as part of its recently published strategic plan. The main projects involve extensions of the Marques de Comillas and Reina Sofia quays in Cadiz Harbour.
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NewsSINES REPORTS MODEST 2005 PROFIT
The Proposal is now expected to be withdrawn altogether.The port of Sines is forecasting a net profit of between €200,000 and €400,000 for 2005. Despite its modest nature it is the first profit to be made for six years. For 2006, a profit of up to €5m is forecast. 2005 ...
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BARCELONA
Leading architect, Renzo Piano's plan involves the relocation of the airport to a new manmade island and the conversion of the old site into a new container terminal.Hutchison Port Holdings (HPH) has signed a conditional agreement with Grupo Mestre of Spain to acquire a majority stake in Terminal Catalunya (TERCAT) ...
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SHORTSEA
Rotterdam's container movements jumped by more than 12% to 9.3m TEUs whilst Antwerp registered 6.5m TEUs up nearly 7% on the previous year.The UK's Sea & Water forum has published its 2005 Water Freight Review. The book gives an account of the main trends and characteristics of inland, coastal and ...
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MTL investing in Dachan Bay
The contract for consultancy was awarded to Singapore's Jurong Consultants and made on behalf of Horizon Singapore Terminals Pte Limited (HSTL).Hong Kong's MTL is to invest US$867m in developing the second phase of the Dachan Bay container terminal in Shenzhen which will consist of the construction of four deepsea berths. ...
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WEST BENGAL
The contract for consultancy was awarded to Singapore's Jurong Consultants and made on behalf of Horizon Singapore Terminals Pte Limited (HSTL).The government of West Bengal is assessing the feasibility of building an offshore container terminal modelled on Yangshan.
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YANGSHAN
Chairman Sultan Ahmad Bin Sulayem said: "The only valid bid for P&O is from DP World.PSA has emerged as the likely operator for the phase two development of Yangshan near Shanghai according to Liu Zuoliang, chairman of Shanghai Tongsheng Investment. The second phase will require investment of at least US$743m.
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PARADIP
Chairman Sultan Ahmad Bin Sulayem said: "The only valid bid for P&O is from DP World.Paradip Port Trust remains unhappy with earlier proposals it received to build three new berths, one of which will be a deep draught facility. It may therefore invite fresh bids or ask for modifications on ...
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IMPSA on a roll
Chairman Sultan Ahmad Bin Sulayem said: "The only valid bid for P&O is from DP World.The Malaysian-Argentinian IMPSA Port System crane manufacturing company is to deliver eight additional quayside gantry cranes to the Malaysian ports of Northport, PTP and Penang by the end of 2006. The three Northport cranes which ...
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NewsChina needs dry-bulk investment
Industry professionals have identified a problem with Chinese ports handling iron ore and coal imports. Perennial delays it is claimed, are harming economic growth.
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CHINESE PORTS IN HONG KONG IPOS
Tianjin Port Development Holdings is seeking to raise US$100m on the Hong Kong stock exchange while Xiamen International Port aims to raise $150m through an IPO on the same exchange. They hope to attract investors following a 30% increase in box traffic at both ports during 2005.
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NewsCalcutta Port Trust
Chairman Sultan Ahmad Bin Sulayem said: "The only valid bid for P&O is from DP World.Calcutta Port Trust has appointed Delhi-based Consulting Engineering Services to undertake a feasibility study for new jetties on the banks of the Hooghly River at Diamond Bay. Each of these multi-purpose facilities will be capable ...
