Latest News – Page 1041
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New Zealand financials
Recent financial results reported by New Zealand ports included the year-end from South Port, which reported a comparable 8.6% dip in after-tax profit to NZ$2.23m ($1.7m) and 1% drop in revenue to NZ$14.6m. ($10.8m).
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Maximising supply chain opportunities between its six business units is expected to see the Eastland Group achieve a comparable 16% increase in net after-tax profit to NZ$5m ($3.7m) in the current financial year.
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Chittagong in the ascendancy
Recent figures posted by Chittagong Port clearly show that productivity is improving following privatisation of Chittagong Container Terminal.
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Two new deep-sea ports for Vietnam
Vietnam National Shipping Lines is to build a deep-water port in the Van Phong industrial development zone requiring $184m of investment.
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NewsIndustry team takes on ironing challenge
An industry team comprising cable specialists Nexans, shore-based power and mooring specialist Cavotec and electronics company SAM Electronics is to offer shore-based power solutions or ''cold ironing'' to the ports and shipping sectors.
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Sixth box terminal for Kaoshiung
Yang Ming is to invest more than $360m in what will be the sixth container terminal at the port of Kaohsiung.
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Malaysia eases equipment sourcing restrictions
The Malaysian Ministry of Finance has suspended the law requiring port authorities to source gantry cranes from one nominated manufacturer, on the back of complaints from ports who have experienced serious delivery delays.
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NewsIndian partner complements Gulftainer's expansion plans
United Arab Emirates-based terminal operator Gulftainer has inked an agreement with one of the fastest growing corporate entities in India to broaden its reach in the ports and transport arena.
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Kalmar's 'green' crane popular
Vietnam''s Saigon Newport Company (SNP) has confirmed an order for a further ten E-One rubber-tyred gantry (RTG) cranes, destined for Phase I of Tan Cang-Cai Mep International Container Terminal.
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Bulk material handling specialist Vigan Engineering has purchased AS-C Projects Limited''s pneumatic unloader Simporter technology as part of a deal to take over all activities of the UK-based bulk handling expert.
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Antwerp plugs into SAM
SAM Electronics is to supply an On-shore Power Supply facility for Antwerp''s Independent Maritime Terminal, allowing up to three containerships to connect to it for approximately three days within any one week while berthing.
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NewsRising star of 'portcentric' logistics
"Portcentric" logistics is all the rage on the south coast of the UK, as the Port of Southampton commits to providing more space for companies that offer portcentric solutions.
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In an unusual twist in the business of port land sales, Philadelphia''s maritime interests have filed a lawsuit against the port authority''s proposed plan to use waterfront property for non-maritime business.
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The "triple net" lease model pioneered by the Port of New York and New Jersey (PANYNJ) in its latest terminal transactions puts the onus of investment squarely at the door of investors, writes Barry Parker.
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NewsMaking the calculations
Ports and terminals which choose the outsourcing route for their equipment maintenance can remove the uncertainty of maintenance and life cycle costs, says Kalmar''s Rob van Hove. And increasing numbers appear to be moving down that path.
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Longer opening hours boost Mombasa cargo
Cargo volumes handled by the port of Mombasa have increased following the decision to extend the opening hours for gate services.
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The end of an era for cavalier port purchases
The last two or three years have seen burgeoning interest in investing in new port infrastructure and as part of this a new generation of investors have emerged, including parties such as private equity concerns and infrastructure funds.
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Cosco to set up transhipment hub in the Philippines
Cosco is looking into the possibility of establishing a major new transhipment hub in the Philippines, which would require investment of up to $3bn.
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NewsPSA investment supports local economy
PSA''s S$5bn ($3.3bn) decade-long investment in Singapore''s Pasir Panjang Terminal will take the operator''s total handling capacity to 35m teu when completed in 2009 and supports some 6,000 jobs locally, according to Kuah Boon Wee, PSA chief executive Southeast Asia and Singapore Terminals.
