World News – Page 453
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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 ...
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Eurogate acquires Tanger 2
Chairman Sultan Ahmad Bin Sulayem said: "The only valid bid for P&O is from DP World.A consortium of terminal operators and shipping lines has been awarded a 30-year concession to operate the second container terminal at the port of Tanger Med. The operator, Eurogate/Contship Italia, has a 40% stake in ...
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Colombo's facelift
The government of Sri Lanka is to invest US$1bn in order to boost capacity at Colombo to 4m TEUs. This will involve the construction of the Colombo South Harbour project which will occupy a 600-hectare site. The facility, which will have 12 berths, is to be developed in two phases. ...
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NZ ports mull post merger reshuffle
New Zealand''s ports are jostling for business as a potential over-tonnaging situation develops following Maersk''s absorption of P& O Nedlloyd and its subsequent withdrawal of that line from services such as the " Eastabout" and " Westabout" Vessel Sharing Arrangements (VSAs) to Europe.
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Raising the roof in Tema
Ghana''s local stevedores association has appointed a lawyer to object to a concession granted to SDV and AP Moller to run the new Tema container terminal. The local stevedores say the procedure has not been transparent and that the process, involving a state asset, didn''t go to open tender as ...
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KLANG OPTS FOR DIESEL-ELECTRIC STRADS
The local stevedores were originally encouraged when investing in their operating licences, to also make investments in cargo handing equipment and other assets.Klang Container Terminal has opted for the construction of the 11 new straddle carriers with diesel electric transmission which makes it the first port in Southeast Asia to ...
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NewsIndian infrastructure needs US$150bn
India''s Transport Minister, T R Baalu, recently announced that his country is seeking up to US$150bn to fund port, road and other transport infrastructure projects.
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CHENNAI
The local stevedores were originally encouraged when investing in their operating licences, to also make investments in cargo handing equipment and other assets.India's government has given permission for Hutchison Port Holdings to bid for the second container terminal at the port of Chennai. This follows an earlier decision to allow ...
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COCHIN
The local stevedores were originally encouraged when investing in their operating licences, to also make investments in cargo handing equipment and other assets.Cochin Port Trust is to undertake an inquiry following the collapse of Q-4 berth at Mattanchery Wharf which resulted in the loss of 3,500 tons of salt. The ...
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NewsCalifornia governor
During 2008, PANYNJ reported that total container traffic in the port was 5.27m teu, compared with 5.3m teu in 2007.California governor Arnold Schwarzenegger has proposed spending over US$222bn on infrastructure including port projects without raising taxes following a call for more investment by four of his predecessors. Part of the ...
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NewsCarolinas' ambitions
Nine shipping lines and terminal operators form part of three proposals submitted to the South Carolina State Ports Authority (SCSPA), requesting participation in the development of a new three berth, 280 acre terminal in Charleston on the former US Naval Complex, SCSPA has announced.
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TAX BREAK PROMPTS BRAZILIAN INVESTMENT
The decision to waive import charges on port handling equipment for three years has prompted a rethink on the level of investment originally envisaged for the Acu Terminal, in Sao Joao da Barra. This should help speed up implementation of what is a $1bn initial development phase. The terminal, which ...
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NEW YORK/ NEW JERSEY
The port authority has outlined core marketing and operational strategies focusing on adding all-water services to and from Asia
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Libra promises capacity boost
In the next two years Santos port operator Libra Terminais is to boost box handling capacity by 50%. However, this depends on the port authority carrying out two commitments it agreed to when awarding the company the concession for Terminal 35: realigning an existing rail link which is disrupting productivity, ...
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NewsClub ponders anti-smoking laws
Spain has joined the increasing list of countries that prohibit smoking in enclosed public spaces. Canada, Norway and New Zealand as well as certain states of the US such as California, Florida, New York and Washington have already enacted legislation, while in the UK, Parliament will be deciding the issue ...
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NewsDPW still confident
DP World believes its bid for P& O will succeed, despite the intervention of Singapore''s PSA in the takeover contest.
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NewsMarket overcomes safety fears
A few years ago public unease about new LNG terminals looked set to limit the aspirations of the US, the biggest potential market for LNG imports. But things are changing as Mike Corkhill, editor of LNG World Shipping, reports.
