World News – Page 497
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NewsIsrael's Jubilee Port stays within state
In 2003, Israel''s national ports authority made an operating profit of $74.75m on revenues of $459.35m, down 2% over 2002. Following a $90.13m transfer of cash back to the state, the organisation remained in financial equilibrium on the year. $368.34m of total income was derived from operations, $36.61m from financial ...
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NewsDPI to manage Kochi/Cochin
Dubai Ports International, the overseas management arm of Dubai Ports Authority (DPA) offered to share a staggering 33.3% of total revenue with the Indian government when bidding for a concession to run a major new transhipment facility at the port of Kochi/Cochin. Only two other companies bid: the IL& FS ...
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APMT assumes control of Pipavav
APM Terminals, which currently holds a 12.5% stake in India''s first private port company, Gujarat Pipavav Port Ltd (GPPL), is to assume management control of operations as part of a restructuring plan which will also see it buy the 37% stake held by Sea King Infrastructure Ltd. However, with current ...
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MSC in Fos2XL deal..
This process has been given the blessing of the Indian authorities, who have given permission for foreign direct investment to be increased from 49% to 100%. The money raised via the share issue is needed to fund construction of a new dedicated container terminal which will have an annual capacity ...
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NewsCavotec presses for cold ironing in California
Supplying shore-side electricity to ships at berth - or " cold ironing" - is cost effective for certain types of vessels that call regularly in Long Beach, that use a lot of power, and that spend a lot of time in port, according to a study commissioned by the port.
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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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NewsMelbourne accelerating dredging programme
Port Phillip Bay: 30% of the worlds container vessels cant get inThis process has been given the blessing of the Indian authorities, who have given permission for foreign direct investment to be increased from 49% to 100%. The money raised via the share issue is needed to fund construction of ...
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NewsSETBACKS SETUBAL
The Setubal Port Administration has embarked on a privatisation process that flies in the face of the widely anticipated benefits of a more competitive and lower cost operating environment.
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UK's ports lukewarm on "Motorways of the Sea" project
The European Parliament has adopted new guidelines for the trans-European transport network that include the " Motorways of the Sea" initiative.
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NewsLondon proves its worth in reducing traffic chaos
The specialist heavy-lift multi-purpose pontoon, TERRA MARIQUE, loaded with Concorde GB-OAA has successfully completed its journey down the river Thames and up the North Sea to the aircraft''s destination in Scotland.
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Dibden rejected
UK Transport Minister Tony McNulty has accepted the recommendation of the Dibden Bay Inquiry Inspector to turn down proposals for a new container terminal on Southampton Water.
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NewsSokhna gets new equipment
Egypt''s Ain Sokhna port will install transportation security equipment provided by the American Science and Engineering Inc.
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And will the UK be ready?
It is questionable whether the UK Government can move at the necessary speed to ensure realistic and safe maritime logistics security systems are in place by July, as required by the ISPS Code. TRANSEC in the UK is currently undertaking assessments and reviews only of the key ports, approximately 30 ...
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NewsHOPES FOR TRADE BONANZA FUEL INVESTMENT PLANS
1st May saw ten new member countries, and 75m more people, join the European Union. What are the strategic aspirations and development plans of their ports and what can they offer? Tom Todd, Mike Mundy and Nick Elliott report.
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NewsPOLAND: BIG IS BEAUTIFUL
Poland offers the largest market out of all the new countries joining the EU and has recently been the subject of strong container traffic growth at the nation''s premier port gateway, the Baltic Container Terminal (BCT) in Gdynia.
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NewsGERMAN PORTS BATTLE BULGES AND EYE THE FUTURE
Germany''s seaports, including its now integrated former GDR facilities, expect to benefit greatly from the EU''s eastern extension, reports Tom Todd.
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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.
