Latest News – Page 926
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News
Delays to Tanger-Med II
Questions are being asked about the second stage development of Morocco''s Tanger-Med Mediterranean transhipment hub.
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NewsJordan ports body hits a wall
The Ports Corporation of Jordan, which is due to be transformed into a standalone company, could take longer than expected.
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One bid for new Colombo box terminal design
A single consortium, consisting of Aitken Spence and China Merchant Holdings, has bid for the contract to design and build the proposed new container terminal in the Sri Lankan port of Colombo. The bid is being technically checked prior to a contract being signed.
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Significant box losses at Barcelona
The port of Barcelona is on course to handle a maximum of 1.86m teu this year, a decrease of 700,000 teu over 2008.
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NewsTauranga posts strong first half figures
Port of Tauranga banked a net profit of NZ$45.2m (US$ 30.9m) for the year ended June 30, 2009, a 7% increase on 2008.
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Raised to new heights
After ten years of operating two Kalmar rubber-tyred gantry (RTGs) cranes, Buenos Aires Container Terminal Services has looked to Cargotec Argentina to raise the performance of their existing RTGs from 1 over 4 to 1 over 5 containers high.
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NewsGrowth planned at Teesport
PD Ports has completed the first phase of an expansion programme to develop its existing container terminal handling facilities at Teesport, UK.
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Hamburg levels still subdued
Throughput at the Port of Hamburg remains stunted, but hopes are that second half figures will reflect a stablisation and the start of recovery.
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Indian concession could be re-tendered
The government of the Indian state of Andhra Pradesh is reviewing the concession for the Machilipatnam port project that was awarded to the Maytas Infra-led consortium, given the failure to achieve financial closure. This requires investment of $328m, which should have been in place on April 21.
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Storm warnings
The TT Club''s revised edition of its comprehensive risk mitigation guide for windstorms, offers valuable information and advice on how to minimise storm damage to installations and customers'' cargoes.
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Venezuela privatises ports
The government of Venezuela has signed a decree terminating concessions of all private port terminals in the country. Henceforth, these will report to state-owned companies Bolipuertos and Puertos del Litoral Central. To date, no compensation has been given to owners for the seizure of their assets.
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Second half recovery forecast for Chinese ports
Recently published statistics suggest that traffic at Chinese ports is making a recovery.
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Two new terminals for Tianjin
According to official Chinese sources, construction began on 28 July of two new terminals in the port of Tianjin. These were the Nanjiang Special Ore Terminal and the Shenhua Coal Terminal. The former, which will have a 23m tonne capacity, will require investment of $430m, while the latter will require ...
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Love thy neighbour
The business world has witnessed unprecedented collaboration between competitors during the economic downturn that would have seemed unthinkable a few years ago.
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Dragados-SPL privatisation now without rail interests
JP Morgan is reported to still be interested in acquiring Dragados-SPL from the Spanish ACS group, although it is said to be hesitant about buying the port assets given the high price being asked and the depressed state of the container market.
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Buy in bulk to save costs
In the interests of keeping operator costs at a minimum throughout the lifetime of cable reel equipment, many operators purchase cables and reels together as a package, says Cavotec Specimas ERTG product manager, Diego Sanchez.
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NewsEvaluating the options
HFW''s Connie Chen discusses restructuring port investments in the current economic climate
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News
Plug pulled on Jebel Ali 3
The current state of the global container market has prompted DP World to delay its $1.5bn investment in a proposed third terminal at Jebel Ali. The project will be re-visited once business prospects improve. Completion of Terminal 2 earlier this year brought capacity to approximately 11m teu, which is viewed ...
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NewsInnovating to stay connected to customers
Stuart Pearcey investigates the all-important link between cable suppliers and the end client
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Electrifying anodes for NJ facility
South Jersey''s new Port Beckett Terminal at the US Port of Camden is investing in cathodic protection for its electrical conduits.
