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Money vs expertise
01 Mar 2007
This issue’s article, Easy Money, highlights the increasing attractiveness of the ports sector to investment banks, infrastructure and pension funds. They are now figuring to an increasing extent in the growing port facility resale market – a deal just announced providing further evidence of this,namely the sale of Maher Terminals, US to RREEF Infrastructure, a part of RREEF Alternative Investments, the global alternative asset management business of Deutsche Bank.
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Troubles and tussles on Spain’s Mediterranean coast
01 Apr 2007
There are problems at the new Prat Dock container terminal under construction in Barcelona where Hutchison has secured terminal operating rights. Around 500m of the new quay line, that will eventually extend for 1,500m, has suffered a major structural problem putting into doubt the ability of the port authority to deliver the terminal to Hutchison on-time. At the time of writing, no statement was forthcoming from the Port of Barcelona on the exact nature of the problems – it is understood detailed investigations are in the process of being implemented – but some observers were suggesting that a severe delay in the terminal’s construction could be expected which could eventually be as much as two years.
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Empty congestion: what in the World is going on?
01 Apr 2007
Let me start with an apology. I just cannot get away from the subject of port congestion. The most recent problems have been caused by weather, labour relations (or rather the lack of them) and empty containers. There are also voices blaming the constant growth in containers coming from Asia.
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The not-so-simple port alternative
01 Apr 2007
So you want to be a ship-to-ship stevedore? Where do you start? What do you need for kit? Any suggestions on risk management?
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Capacity drain
01 Apr 2007
It is an interesting phenomenon of the 21st Century that the international container handling market has seen available containerport capacity dry up in so-called mature markets. It happened on the US West Coast and the UK in 2004, and arguably it is happening again now in northern Europe.
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