Latest News – Page 1060

  • News

    MORE NPA WORKERS CUT

    2007-05-01T16:26:00Z

    The Nigerian Port Authority has made a further 3,000 workers redundant, bringing to 6,000 the number offloaded in the last eight months. It has borrowed ¢ 91m ($123m) to finance the cuts.

  • News

    NUADIBÚ UPGRADE

    2007-05-01T16:26:00Z

    The government of Mauritania has issued a tender in respect of expansion and upgrade work at the port of Nuadibú for ¢ 20.4m ($27.6m).

  • News

    KUWAITIS TO EXPAND TANGA

    2007-05-01T16:26:00Z

    Kuwait and Gulf Link Port International have signed an agreement to build a series of deep water berths in Mwambani Bay, which forms part of the Tanzanian port of Tanga.The work, which includes the provision of handling equipment, has been costed at $400m.

  • News

    Dar es Salaam told to clean up its act

    2007-05-01T16:26:00Z

    Tanzania''s prime minister recently made a surprise visit to Dar es Salaam port following increasing problems with congestion. He met with officials  and private terminal operators, after which he instructed both the port authority and revenue authority to work 24 hours-a-day until congestion had been reduced.

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    News

    Grain monopoly at Mombasa

    2007-05-01T16:26:00Z

    A master plan covering the next 25 years, which was put together by Kenya Port Authority and approved by the government, proposes to concentrate bulk grain handling at a single terminal at Mombasa until at least 2028.

  • News

    Salalah plans massive expansion

    2007-05-01T16:26:00Z

    The Port of Salalah is to increase capacity by more than 200% over the next seven years according to its new master plan. Berth 5 is due to come online by the second quarter of this year and Berth 6 by the first quarter of 2008.These will add 969 metres ...

  • News

    Philadelphia port plan under threat

    2007-05-01T16:26:00Z

    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.

  • News

    RREEF finds nourishment in Maher

    2007-05-01T16:26:00Z

    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 ...

  • News

    Palermo environmental study illegal

    2007-05-01T16:26:00Z

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

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    News

    Work starts on West Coast security centre

    2007-05-01T16:26:00Z

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

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    News

    VYCON plumps for Alternative offering

    2007-05-01T16:26:00Z

    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.

  • News

    VENEZUELA AND CUBA IN PORT JV

    2007-05-01T16:26:00Z

    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%:49% in favour of Venezuela.

  • News

    PANAMA ADDS QUAYS

    2007-05-01T16:26:00Z

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

  • News

    PORTS AMERICA GOES LIVE

    2007-05-01T16:26:00Z

    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.

  • News

    NY/NJ SETS RECORD

    2007-05-01T16:26:00Z

    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.

  • News

    Biometrics question safety at US ports

    2007-05-01T16:26:00Z

    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.

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    News

    ICTSI granted Guayaquil concession

    2007-05-01T16:26:00Z

    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.

  • News

    US short-sea shipping call

    2007-05-01T16:26:00Z

    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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    News

    Future-proof

    2007-05-01T16:26:00Z

    Bremen/Bremerhaven secures feedership role for the future as JadeWeserPort project gets go-ahead. Tom Todd reports

  • News

    Changing tide of German opinion

    2007-05-01T16:26:00Z

    Few now appear to doubt the future strategic importance of what will be Germany’ s only deep-water container terminal: the idea, once scoffed at, appears to have literally grown on Germans.