World News – Page 462
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ICTSI REGGIANE ORDER
Interested parties will have to partially finance construction of the facility, although public investment of ?396.3m is also earmarked.As part of a $25m programme, Madagascar International Container Terminal Services, which belongs to ICTSI, has placed an order for four mobile harbour cranes with Italian manufacturer Reggiane. Also on order are ...
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NewsCargotec swoops on BMH
Pneumatic unloading specialist BMH Marine looks set to be swallowed up as Cargotec continues to strengthen its bulk handling hand.
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DP World eyes Crete
A DP World management delegation recently made a working trip to Greece to review port operations there. The officials visited Piraeus, Thessaloniki and Tympaki in Crete.
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REVENUE DECLINE AT PIRAEUS
Piraeus port authority has reported a 3.8% drop in revenue during the first quarter. This amounted to € 34.5m compared with € 35.9m in the corresponding 2005 period.
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NewsLisbon to expand Liscont
Lisbon Port Authority has conceded that it may knock down existing buildings in Alcantara Dock in order to double the operating area of Liscont Container Terminal, which is currently handling in the region of 320,000 teu/year.
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Senator Lines hits out at Italian ports
Senator Lines has accused Italy''s ports of failing to invest adequately in terminal and hinterland infrastructure. Chief executive Hans-Hermann Mohr said that, with notable exceptions such as Contship, PSA and Cosco, investment had been inadequate.
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APM Le Havre terminal on course for 2007
APM Terminals and the French Port Company Perrigault, which operates Terminaux de Normandie in the Port of Le Havre, have been awarded a 36-year concession to operate a new container terminal in the Port 2000 area of Le Havre.
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KGL AWARDED DAMIETTA
At present, ships drawing up to 13m-13.5m can access the facility; dredging will deepen this to 15m. The work is needed to stop cargo migrating to either Djibouti or Durban. Kuwait terminal operator KGL Port International, which forms part of the Kuwait & Gulf Link Transport Company, has been awarded ...
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DP World plans flotation
DP World is to undertake an initial public offering within 18 months. The world''s third largest terminal operator has said that it must undertake an IPO given its global status, which has to be matched by a global shareholding base.
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LIEBHERR UPS KHORFAKKAN RTGS
The $6.8bn that the company paid for P&O Ports last February and the $3bn it expects to invest in new container terminals and on expanding existing facilities will likely influence the eventual size of the IPO. Senior vice president for corporate strategy, Yuvraj Narayan commented that raising the additional capital ...
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Durban port expansion sorely needed
Durban Port manager Basil Ndlovu has said that throughput growth of 16%18% annually over the last five years means that the proposed ¢ 1.72bn expansion into the Bayhead area of the port must start as soon as possible.
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NewsMenas cuts navigation dues in Gulf
Navigation dues for ships calling at ports in the Middle East Gulf have been substantially reduced effective July 1 by the Middle East Navigation Aids Service (Menas).
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Namibia invests in expansion
Namibian Ports Authority is to invest € 58.79m in expanding capacity at its ports in Walvis Bay and Luderitz. Walvis Bay presently generates an annual throughput of 3.3m tonnes, which is equivalent to 30%-40% of total capacity.
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APM TERMINALS CRITICISED IN NIGERIA
Complaints have been made to the government of Nigeria regarding the activities of APM Terminals at the Lagos Port Complex.
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Take the next dance with Charleston
The port of Charleston expects to receive clearance to construct a new 1.4m teu capacity container terminal before the end of the year at the former Charleston Navy Base.
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NewsMaersk Line signs to GPA
"We're expecting the permitting process to be cleared in November, " says Byron Miller, director of public relations at South Carolina State Ports Authority.The world's largest container liner Maersk has signed a 20-year agreement with Georgia Ports Authority (GPA), with the inclusion of a 10-year renewal option to allow for ...
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Inchcape to double up by 2010
Inchcape Shipping Services (ISS), the world''s largest privatelyowned marine management services company, is planning to double its business by 2010. The company was acquired earlier this year by the Dubai Government-owned investment group Istithmar PJSC following ISS being put up for sale by its parent Electra Investment Trust Plc. Initially, ...
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NewsSingapore vs Hong Kong: the same old story?
Age old competition continues to drive Singapore to new heights, but Malaysian up-starts could put a spanner in the works, reports Peter Trevalyn
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DP WORLD EYES GWADAR
DP World is negotiating the possibility of assuming operational management of Pakistan''s Gwadar port.
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NewsLPC opens vehicle terminal
New Zealand''s Lyttelton Port of Christchurch has opened a fully-sealed and secure facility to handle an import vehicle trade which has grown 31% over five years to an annual 53,450 units.
