World News – Page 497
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Spaniards bring LPG to Mexico
Spanish company Repsol-YPF has made an initial payment of $3.4m to the port authority of Mexico''s Lazaro Cardenas port as part of its concession to establish an LPG terminal there.
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Kingston Wharves has new shareholder
The 44% stake in Kingston Wharves held by Grace, Kennedy has been bought by Jamaican/ Canadian billionaire Michael Lee Chin for $10m, thus ending the company''s relationship with the port, which has gone back over many decades.
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Five new LNG terminals for Mexico
Mexico''s Transport Ministry (SCT) claims that five current LNG terminals will absorb $3bn in investment.
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NewsPortek and HPH unlock horns
Singapore' s crane leasing, engineering and terminal operating group Portek International seems to have patched up its relationship with the Hong Kong HPH group. Hutchison reportedly decided to end certain equipment leasing and maintenance agreements when Portek apparently attempted to woo Maersk Sealand away from HPH' s Tanjung Priok terminal ...
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Docas wants new blood in Rio
Attempts by the federally owned Docas management company of the Brazilian port of Rio de Janeiro to attract new business to the port are being seriously questioned by local companies.
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Expansion begins at Bridgetown
Barbados port authority has commenced implementation of a $100m reform and expansion plan centred on Bridgetown Port. $17m will be spent on rehabilitating existing facilities, including moving the sugar terminal. $13m will be spent on a new cruise pier, of which $4m will be generated by the port authority and ...
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BCT phase I complete
ICTSI' s Baltic Container Terminal (BCT) has been shopping for equipment to complete the first phase of its 15-year, $80m expansion programme. The list includes one Panamax ship-to-shore crane from Kone, four RTGs from Kalmar and eight prime movers also from Kalmar.
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Arica concession on the block
Empora, the port company which manages the Chilean port of Arica, has received expressions of interest from four operators interested in assuming management control of berths 1 to 5 at the port.
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Opportunities on hold following hung parliament in Phnom Penh
By any standards, port operations in the Cambodian capital of Phnom Penh, located on the confluence of the Tonle Sap and Mekong rivers, are low key. But that has not stopped port authority director Hei Bavy from outlining an ambitious strategic plan for the future.
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NewsSokhna development on track
Vopak-Horizon Fujairah Limited, (VHFL), a joint venture between Holland''s VOPAK and Horizon Terminals Limited (HTL), a wholly-owned subsidiary of Emirates National Oil Company (ENOC), has struck a joint venture with Egypt''s Sokhna Bunkering Company, (SONKER), with the aim of building a bulk liquids terminal at Sokhna Port, 40 km south ...
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Iraq cranks up oil exports
The Al Amaya oil terminal in southern Iraq, which was effectively destroyed during the war with Iran, is currently exporting 400,000 barrels a day from two reopened berths.
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Iquique Terminal in expansion mode
Iquique Terminal International (ITI), which began a 20-year management concession of the northern Chilean port in 2000, boosted net profit by 109% in 2003 to $1.28m.
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Kandla box terminal project losing steam
The US$46m container terminal project at the Indian port of Kandla, currently the object of a third BOT concession attempt, has attracted interest from just five local companies.
