Latest News – Page 1184
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News
Piraeus IPO at last
Piraeus Port Authority (OLP) has finally gone ahead with its Initial Public Offering on the Athens Stock Exchange. 25.5% of OLP''s stock has been floated and was oversold by almost 20 times.
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ICTSI boosts revenues
Improved top line revenues resulting from continuing volume growth combined with minimal increases in operating costs have enabled ICTSI to produce consolidated gross revenues of $64m, up 38% over last year''s first half revenues.
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Aguadulce study
US consultants Moffatt & Nichol are due to complete a feasibility study for the proposed Colombian port on the Aguadulce Peninsula by the end of this year.
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Pension problems delay investment
A senior official at South Africa''s Public Enterprises Ministry, Dr Ian Phillips, conceded recently the national ports authority had had to support a huge financial burden in attempting to keep afloat the pension fund of its holding company Transnet. By 1999, Transnet was having to find US$253m simply to service ...
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News..Meanwhile in Siberia
Volumes at Vostochny International Container Services (VICS) increased by 48% in the first half of 2003. Under the joint management of CSX World Terminals (CSXWT) and P& O Ports since 1995, the increase is in addition to growth of 145% since 1999.
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NewsJNPT gets third box terminal
The third container terminal being developed by India''s Jawaharlal Nehru Port is almost certain to be offered as a concession based on minimum guaranteed throughputs (MGTs), rather than revenue sharing.
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NewsPSA policy shift nets Cosco
PSA Corp' s sale of a 49% stake of its Pasir Panjang terminal to Cosco follows a policy shift by the state-owned operator.
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PSA Corp cuts wages
PSA Corp has negotiated pay cuts with its unions in an effort to be more competitive.
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NewsGRABBING OPPORTUNITIES
Times are tough for grab manufacturers and any change of fortunes are over the horizon, writes Benedict Young
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NewsSUPER CRANE
Andrew Foxcroft tracks the inexorable growth of the super post-panamax ship-to-shore gantry and explains why terminals are right to favour them.
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NewsCould Do Better
Steve Cameron assesses the imperatives to achieving better recruitment and training practices in the ports sector.
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NewsTERMINAL ATTRACTION: WHAT'S THE DEAL?
In the first of a two-part analysis, Nick Elliott talks to institutional lenders about their criteria for lending to the developing world' s port sector.
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NewsTAKING THE RISK: Heavyweight Strategies
Neil Davidson , a director of Drewry Shipping Consultants, evaluates the strategic aims of the global container terminal operators with a particular eye on the risk factor.
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NewsUNDERWRITING FOR BEGINNERS
Looking at your average modern container port during one of its quieter moments in the day you would hardly credit how many risks are concentrated in these few acres of hard stand, sheds and handling equipment.
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NewsTyne's push pull
The Port of Tyne has improved cargo handling of non-palletised goods at its Tyne Dock by purchasing a Loron fork-mounted Push Pull from B& B Attachments.
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NewsEurogate orders STSs . . .
Kalmar is to supply two ship-to-shore (STS) container cranes to EUROGATE' s Container Terminal Hamburg (CTH). The contract includes an option for a third crane.
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Bromma launches Bluetooth functionality
Bromma is making Bluetooth technology available on its SCS2 system for easier accessibility to spreader diagnostics. Bluetooth, an open specification that allows for wireless data communication, uses a globally available frequency band for worldwide compatibility.
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News. . . whilst HHLA takes strads
Following an order from HHLA of Hamburg for eight of its sixth generation CSC340 straddle carriers Kalmar has been awarded two further contracts by HHLA, one for 12 more CSC340 machines and another for four ESC440 machines with an option for four more.
