World News – Page 483
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DRAGADOS SPLASHES OUT
Spanish stevedoring group Dragados-SPL intends to invest € 74.5m on various projects during the current year of which the opening of the initial phase of the Malaga container terminal will absorb € 20m.
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ASSORE'S WARNING
Assore''s financial director, Chris Cory, says capacity constraints at railways and ports in South Africa could hold back exports. " With the surging demand of China, the only limits on our exports of iron ore at the port of Saldanha are at the port and on the railway."
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FOURTH TERMINAL FOR KARACHI
The tender will combine BOT with concession contracts but is for all six terminals as a single contract and operators will not be able to bid for individual terminals. The tender closes on 1 September.Karachi is to build a fourth container handling facility, which will be known as the Country ...
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BARCELONA PLANS THIRD TERMINAL
The tender will combine BOT with concession contracts but is for all six terminals as a single contract and operators will not be able to bid for individual terminals. The tender closes on 1 September.Barcelona port authority (APB) is to invest €70m in building its third container terminal, which will ...
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SINGAPORE TO INVEST IN MYANMAR PROJECT?
Survey work has commenced on a deep-sea port project at Mawlamyine in the southern Myanmar state of Mon. The new facility is intended to contribute to a major eastwest trade route across southeast Asia which links Vietnam''s Danang Port in the east to Mawlamyine in the west. These two points ...
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NewsTYNE DOCK TAPS INTO EU FUNDING
The tender will combine BOT with concession contracts but is for all six terminals as a single contract and operators will not be able to bid for individual terminals. The tender closes on 1 September. Port of Tyne is investing £6m on an industrial development project at ...
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NewsImmingham expands ro-ro facilities
ABP is to go ahead with a £ 35m ferry terminal at Immingham. The new five berths riverside facility is based on a 25 year agreement with ferry operator DFDS. The 50 acre site is at Immingham''s outer harbour and will take 18 months to complete.
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Forth Ports hoping for better half
Forth Ports, Britain''s third-largest ports operator hopes to make progress in 2004, despite lower first-half operating profit. Forth operates eight ports, including Dundee and Tilbury, with six ports on the Forth estuary. The company said it expected first-half earnings for its ports business to fall short of the £ 16.7m ...
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Savannah paves way for 50% increase
The port of Savannah has completed an expansion to accommodate double-digit growth. Phase one of the pavement upgrade to Container Berth 3 is also complete thus improving capacity by continuing the port''s plan to switch the terminal to a stacked operation. The Phase one capacity-upgrade of Gate 3 is also ...
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NewsLiverpool bids for World Heritage status
Last year's first-half operating result rose by 20% from the previous year as it Tilbury facility improved its performance.Mersey Maritime, the organisation representing Merseyside's maritime sector has welcomed the announcement that Liverpool's bid to become a World Heritage site has been approved by the United Nations. Liverpool's waterfront site reflects ...
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Iraqis take over but SSA stays for time being
As from the beginning of July, responsibility for ports in Iraq passed to the new Iraqi Port Authority (IPA) technically bringing an end to the fiveyear concessions awarded by the Coalition Provisional Authority to SSA Marine and AP Moller to manage the ports of Umm Qasr and Khor Al Zubair. ...
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PERU SEEKS ASSISTANCE FOR NATIONAL PORTS PLAN
Peru''s national ports authority (Enapu) is seeking international technical cooperation for studies linked to the development of the national ports plan.
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LI KA SHING GOES SHOPPING AGAIN
Li Ka Shing''s Hutchison Whampoa (HWL), parent company of HPH, is buying a 12% stake in South Korea''s Hyundai Merchant Marine (HMM). The move follows his recent acquisition of 15% of China Shipping Container Lines and his disposal of 5.6% of Orient Overseas Container Line.
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Further investment at Maputo
The IPA is to receive $1.5 billion from international donors according to Mahmood Salih Abdul-Nabi, the incoming director general, who says that the authority is considering the possibility of perhaps eventually seeking a single management company to run both ports in a privatised environment, with AP Moller responding by saying ...
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BRAZIL GETS NEW SOYA FACILITY
Bunge and Cargill are seeking international partners to develop the new Maranhao Grain Terminal (Tegran) in Brazil in a project costed at $46m. The facility will be able to load soya at the rate of 4,000 tons hourly; there will be six silos, each of which will have a capacity ...
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NewsMaasvlakte 2 gets the nod
The State, the municipality of Rotterdam and Port of Rotterdam have concluded an agreement on financing for the construction of Maasvlakte 2, the plan to expand the port of Rotterdam. The construction of Maasvlakte 2 will cost ?2.575 billion. According to the agreement, the State will take a 33.3% interest ...
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BEIRUT MULLS BIDS
ICTSI, CMA CGM and International Maritime Associates of the US have been shortlisted for the 10-year contract to operate Beirut''s $150m container terminal, three years after Dubai Ports Authority pulled out. The Lebanese government is expected to reach a decision this autumn.
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LA PLATA FARMED OUT
La Plata may well be offered as a single 30-year concession to a prospective management company. The facility, located 75km south east of Buenos Aires, currently has annual traffic of 6m tons but needs investment of $25m in services and equipment provision as well as $15m in upgraded infrastructure.
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COSCO SET FOR EUROPEAN INVESTMENT
Port of Rotterdam ceo Willem Scholten: "This an extremely important agreement. The expansion will give businesses the opportunity to grow in Rotterdam. Maasvlakte 2 will be an excellent location. Right on the sea, and with good hinterland connections.COSCO Pacific is said to be negotiating to take a 2025% shareholding in ...
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NewsCSXWT increases stake in Pusan
CSXWT has purchased an additional 0.5% equity in Pusan Newport Company, the concession consortium for the development of the Pusan New Port project in Busan. The transaction brings CSXWT''s shareholding in the project to 25%. Samsung Corporation also holds 25% in the consortium. In addition, CSXWT holds exclusive right to ...
