World News – Page 497
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Maersk diversifies across southern Spain
Maersk Sealand is negotiating with Dragados with a view to basing its enhanced North African container services at Terminales del Sudeste, which the construction company is building at the southern Spanish port of Malaga.
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NewsCaribbean WHIRLWIND
The battle for transhipment volumes in the Caribbean is stronger than ever, reports Rainbow Nelson .
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NewsA TALE OF Two Rivers
Well-crafted strategies are fine but don''t always expect your neighbours to agree with them reports Tom Todd
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P&OP volumes up
P& O Ports has announced its Q2 throughput was 26% up on Q2 2002 with 22% attributable to organic growth. Globally the company handled 2.743m TEUs in Q2 and 5,217m year-to-date up from 4.086m in the same period last year.
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Tarragona goes south
Puerto de Tarragona, which holds a concession to develop the Argentinean port of Rosario, has started work costing $2m at terminals 1 and 2.
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Tianjin to double capacity
Tianjin is to invest $2.18bn to expand its facilities to rival those of Shanghai. At present the northern port is China''s fourth largest having handled total traffic of 129m tonnes in 2002.
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NewsTeesport steels itself
PD Teesport has expanded its conventional cargoes by 24% (700,000 tons) over a recent six month period. Both its cargo handling facilities at Tees Dock and Hartlepool have seen growth which has resulted in the need to employ 50 additional stevedores.
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NewsCoal Greymouth's catalyst
Greymouth''s owners, the Grey District Council, have approved a staged approach to developing the west coast South Island, New Zealand port, with the object of matching development with customer commitments.
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Russians get go-ahead..
Preliminary construction of a new deep-sea port at Vostochny in the Kaliningrad Region has started. Located close to the town of Baltiisk, the port will be used by container lines as well as passenger and freight ferries linking Baltiisk, Ust Luga and ports in Germany.
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Piraeus IPO at last
Piraeus Port Authority (OLP) has finally gone ahead with its Initial Public Offering on the Athens Stock Exchange. 25.5% of OLP''s stock has been floated and was oversold by almost 20 times.
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ICTSI boosts revenues
Improved top line revenues resulting from continuing volume growth combined with minimal increases in operating costs have enabled ICTSI to produce consolidated gross revenues of $64m, up 38% over last year''s first half revenues.
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Aguadulce study
US consultants Moffatt & Nichol are due to complete a feasibility study for the proposed Colombian port on the Aguadulce Peninsula by the end of this year.
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Pension problems delay investment
A senior official at South Africa''s Public Enterprises Ministry, Dr Ian Phillips, conceded recently the national ports authority had had to support a huge financial burden in attempting to keep afloat the pension fund of its holding company Transnet. By 1999, Transnet was having to find US$253m simply to service ...
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News..Meanwhile in Siberia
Volumes at Vostochny International Container Services (VICS) increased by 48% in the first half of 2003. Under the joint management of CSX World Terminals (CSXWT) and P& O Ports since 1995, the increase is in addition to growth of 145% since 1999.
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NewsJNPT gets third box terminal
The third container terminal being developed by India''s Jawaharlal Nehru Port is almost certain to be offered as a concession based on minimum guaranteed throughputs (MGTs), rather than revenue sharing.
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NewsPSA policy shift nets Cosco
PSA Corp' s sale of a 49% stake of its Pasir Panjang terminal to Cosco follows a policy shift by the state-owned operator.
