World News – Page 484
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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 ...
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Stock listing for Qingdao
Qingdao Port Group has been granted permission to undertake a stock exchange listing to raise capital to expand capacity. The flotation will take place either on Shanghai''s A-share Market or abroad. Qingdao is already China''s third largest container port and the 14th largest overall in the world, but could enter ...
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NewsTeesport floatation will spur expansion plans
It will be port business as usual in Hartlepool if the newly independent PD Ports gets the approval it now wants for its proposed £ 500m property project development around Victoria Harbour.
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NewsTranshipment terminal for Shannon
Plans for a € 350m investment to transform the River Shannon Estuary into one of Europe''s largest cargo hubs have been announced by state-owned Shannon Foynes Port Company (SFPC), an investment that, it is claimed, represents the largest ever boost to infrastructure in the western half of Ireland.
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NewsXiamen Haicang dredging completed
A key component is the construction of a new deepwater container transhipment terminal at Ballylongford, County Kerry, at an estimated cost of €250m, a terminal which is expected to capitalise on the acute congestion at existing European container ports such as Rotterdam, Antwerp and Bremerhaven.The newly broadened and deepened navigation ...
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DALIAN SIGNS UP PARTNERS
A key component is the construction of a new deepwater container transhipment terminal at Ballylongford, County Kerry, at an estimated cost of €250m, a terminal which is expected to capitalise on the acute congestion at existing European container ports such as Rotterdam, Antwerp and Bremerhaven.Cosco Pacific has signed a strategic ...
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Big plans move forward at Santos
Santos port authority, Codesp, is lobbying for the 50-berth Barnabe-Bagres project to go ahead, possibly in the form of a public-private partnership. The price tag is estimated at $654m of which just $40m is currently allocated by the state although the national parliament could provide more money as part of ...
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Laem Chabang tenders
Thailand''s deepwater port of Laem Chabang is to get six new terminals in a tender believed to be worth $400m.
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NewsBotany Bay's future under scrutiny
This month an independent inquiry will examine whether Sydney Ports Corporation (SPC) should be allowed to go ahead with the first major land expansion at its Botany Bay container port in 30 years. Kevin Chinnery reports.
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P&ONL facilitates Rotterdam's mating game
Every fortnight vessels of P& O Nedlloyd''s container fleet take fresh seawater from the Atlantic to Rotterdam in their ballast tanks. While the ship is worked at the terminal, a small tanker comes alongside and the water is pumped aboard from the bigger ship''s tanks. The tanker sails to Rotterdam''s ...
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NewsPort boss calls for end to unreasonable rejections
Economic policy has to give greater recognition to the role played by Welsh ports and deal fairly and efficiently with proposals to develop them if the contribution they make to national and local economies is to continue, the chief executive of Wales'' largest port has warned.
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NewsAAPA
The American Association of Port Authorities (AAPA) has awarded the Port of Houston Authority for its development of a trash-skimming programme along the Buffalo Bayou. The Houston project, initially developed by Houston''s Buffalo Bayou Partnership, was one of 152 entries submitted by 37 ports worldwide for consideration for the AAPA ...
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Klang introduces CSI surcharge
"The feat marks the first time that a container has been successfully tracked intransit without any 'blackouts' associated with limited satellite or cellular network coverage, line-of-sight obstructions or reliance upon costly ground-based infrastructure, " boasts ceo Vaibhav Malawade. The container was even tracked consistently when positioned in the centre of ...
