Latest News – Page 1121
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NewsMaersk/P&O Nedlloyd merger to boost PTP throughput
The merger of Maersk and P& O Nedlloyd should eventually result in the transfer of 1m TEUs from Singapore to Malaysia''s port of Tanjung Pelepas (PTP).
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MUMBAI
Issued in July, the bonds are in S$250,000 (US$151,000) denominations. Three-year bonds will bear interest at the six-month Singapore dollar swap offer rate less 0.06% per annum, and 10-year bonds will earn 2.83% interest per annum, both payable semi-annually.Eleven of 12 bidders for the Mumbai port box terminal project have ...
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LAEM CHABANG
Issued in July, the bonds are in S$250,000 (US$151,000) denominations. Three-year bonds will bear interest at the six-month Singapore dollar swap offer rate less 0.06% per annum, and 10-year bonds will earn 2.83% interest per annum, both payable semi-annually.The Port Authority of Thailand has confirmed that Hutchison Port Holdings (HPH) ...
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NewsSalalah to add two berths
Salalah: more berths, more cranesIssued in July, the bonds are in S$250,000 (US$151,000) denominations. Three-year bonds will bear interest at the six-month Singapore dollar swap offer rate less 0.06% per annum, and 10-year bonds will earn 2.83% interest per annum, both payable semi-annually.Salalah is to add two further berths at ...
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ORISSA
Issued in July, the bonds are in S$250,000 (US$151,000) denominations. Three-year bonds will bear interest at the six-month Singapore dollar swap offer rate less 0.06% per annum, and 10-year bonds will earn 2.83% interest per annum, both payable semi-annually.The Korean steel producer Posco is to invest $900m in the construction ...
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News..whilst JA gets an injection of new equipment
Jebel Ali Port has begun the commissioning of the world''s largest quayside gantry cranes.
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NewsKuwait appoints Drewry
The Kuwait Fund for Arab Economic Development has retained Kuwait Consulting & Investment Co. (KCIC) and Drewry Shipping Consultants to analyse the prospects for a new US$1.2bn port at Bouyban Island.
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..'but older facilities not forgotten either..
Neither Port Rashid nor Hamriya Port are to close to enable commercial development of what are Dubai''s oldest harbours to go ahead, even though extensive property development is taking place around them.
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Jurong to expand at home and abroad
Jurong is to expand its activities in Indonesia, Vietnam and China. At the same time, given a 54% increase in traffic in the first two quarters of 2005 to 444,000TEUs, plans are also being hatched to expand facilities at its home base. Five new quayside gantry cranes are to be ...
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NewsCourt clears way for second Chennai terminal
Madras High Court has cleared the way for a second container terminal concession to be awarded in the port of Chennai.
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DPA to up capacity to 55m TEU by 2030?
Dubai Port Authority (DPA) will have the capability of handling 55m TEUs by 2030.
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MINA ZAYED
Much of this will come from the opening of the initial phase of the new Jebel Ali Terminal 2 which will add 5m TEU capacity in July 2007. This will be a deep draught facility with gantry cranes capable of handling fifth and sixth generation container vessels.Dubai Port Authority (DPA) ...
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NewsEmbattled Hong Kong cuts charges
Having lost its premier position as the world''s leading container terminal to Singapore, Hong Kong now finds its position as China''s number one port also under threat from domestic rivals. As a result, plans have been announced to cut vessel charges by 5.3% to US$7.33 for every 100 tons of ...
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YANGSHAN
According to a local survey, Hong Kong's share of traffic emanating from southern China fell continuously from 1996 to 2003. This decline may well be halted if the reduced charges can persuade some shippers to tranship containers at Hong Kong which would have previously been placed on direct services out ...
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JNPT Port Trust could lose control of box terminal
A recent diagnostic study undertaken on the Indian port of Jawaharlal Nehru has suggested delaying implementation of the proposed fourth container terminal and also taking away from the port trust operational responsibility for the Jawaharlal Nehru Port Container Terminal. The report also identifies a major bottleneck in container-rail services, which ...
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MOL builds Jacksonville terminal
Mitsui OSK Line (MOL) is to build a US$200m container terminal at Jacksonville, which will open within two years. The 30-year lease agreement was signed in August with the Jacksonville Port Authority.
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NewsSo far so good with US war on congestion
Having learned last year''s hard lessons, America''s ports are successfully avoiding gridlock after investing in both equipment and personnel. More contingency time has been built into schedules, and while ships are still arriving full, they are not having to wait around for a berth. This is in sharp contrast to ...
