Tuesday 2 December 08 - 21:30
 

News Americas

  • Philadelphia port plan under threat

    01 May 2007

    Philadelphia’s maritime community has come out guns blazing in a battle to stop prime waterfront acreage falling into the  hands of a non-marine business.   

  • RREEF finds nourishment in Maher

    01 May 2007

    An affiliate of the RREEF fund, a Deutsche Bank entity investing in infrastructure assets, has confirmed that it will be acquiring Maher Terminals – active in New York and gaining a foothold in British Columbia. Prices in this private deal were not disclosed,  but the frenzy created by funds chasing a desirable asset class has driven prices to levels between 15  x and 20 x the levels of annual cash flows.   

  • Palermo environmental study illegal

    01 May 2007

    An environmental license granted to Palermo Port has been ruled illegal and may be revoked,putting port development in doubt.   

  • Work starts on West Coast security centre

    01 May 2007

    The Port of Long Beach broke ground on a $20m security command and control centre in April.   

  • VYCON plumps for Alternative offering

    01 May 2007

    VYCON, the California-based manufacturer of high-cycling energy storage flywheel systems, has made a public offering on the Alternative Investment Market (AIM) of the London Stock Exchange, in a move it says will raise more funds for the continued development of its emission and fuel reduction technology.    

  • VENEZUELA AND CUBA IN PORT JV

    01 May 2007

    Venezuela’s Ministry of Infrastructure has been instructed to set up a joint company with Cuba, which will be known as Bolivariana de Puertos (BPSA), to modernise, rehabilitate, equip and build ports in both countries. Equity will be divided 51 in favour of Venezuela.  

  • PANAMA ADDS QUAYS

    01 May 2007

    The government of Panama is to build a series of 12 quays in the province of Colón.  

  • PORTS AMERICA GOES LIVE

    01 May 2007

    On March 17, DP World completed the sale of its former P&O Ports US assets to the AIG Global Investment Group, which will henceforth market them as Ports America.  

  • NY/NJ SETS RECORD

    01 May 2007

    Cargo throughput at the Port of New York and New Jersey hit record levels in 2006. The rise has prompted the port authority to commit to a $2bn investment programme over the next 10 years.  

  • Biometrics question safety at US ports

    01 May 2007

    A Federal programme aimed at improving maritime security in the US may well result in up to one million port personnel having to undergo additional background checks and obtain biometric identification cards.   

  • ICTSI granted Guayaquil concession

    01 May 2007

    ICTSI has been granted a 20-year concession to manage the Ecuadorian port of Guayaquil. Its initial priority will be to reinforce existing quaysides at a cost of around $168m, taking two years to implement. Total investment across the 20 years of the concession will be around $800m.   

  • US short-sea shipping call

    01 May 2007

    Short-sea shipping is the only answer to the US capacity crunch, according to Charles Raymond, chairman, president and chief executive of Horizon Lines. In his view,rising container imports are placing extreme pressure on an already strained transportation infrastructure.  

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