Latest News – Page 1062
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NewsVYCON plumps for Alternative offering
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.
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VENEZUELA AND CUBA IN PORT JV
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.
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PANAMA ADDS QUAYS
The government of Panama is to build a series of 12 quays in the province of Colón.
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PORTS AMERICA GOES LIVE
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.
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NY/NJ SETS RECORD
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.
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Biometrics question safety at US ports
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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NewsICTSI granted Guayaquil concession
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.
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US short-sea shipping call
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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NewsFaster, safer, more secure
Manufacturers of auto-mooring equipment for ports and harbours see only benefits for users,as David Foxwell explains
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Salalah tests put MoorMaster through its paces
Patrick Rosenwald, technical director of Cavotec Specimas, believes that the benefits of the MoorMaster automated mooring system are best illustrated by the results of testing done at the Port of Salalah in Oman in the summer of 2005.
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NewsFinnish record breakers
Kotka''s monster gate operating system will unite two competing operators without compromising data privacy. Felicity Landon reports
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NewsChennai two terms confirmed
Chennai Port Trust has released the terms of the recently-awarded PSA-Sical 30-year concession to operate the second container terminal in the port.
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PORT MARLBOROUGH ESTABLISHES PROPERTY SUBSIDIARY
A new subsidiary company, Port Properties, has been created by Port Marlborough to manage its NZ$50m ($36.8m)- valued property assets.The move is a reflection of the volume and scale of the property development activities likely to be undertaken at the port over the next few years and will also enable ...
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BUSY TIME FOR GISBORNE PORT
Eastland Port is expecting to report considerable increases in the volume of forestry and squash exported this financial year. Log throughput is expected to rise about 50% to 600,000 JAS tonnes and squash to double to 30,000 tonnes, with "additional kiwifruit volumes" also mooted.
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MELBOURNE CHANNEL
The Victorian Government has released a supplementary environment effects report into the proposed channel-deepening project for the Port of Melbourne. The report includes data from more than 40 technical studies and a trial dredge.
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PORT HEDLAND EXPANSION
Expansion plans approved by BHP will see Port Hedland reclaim the title of Australia''s largest port by 2010. The fourth stage of BHP''s A$2.3bn ($1.9bn) Rapid Growth Project will boost the port''s iron ore capacity to 155m tonnes per year.The expansion involves upgrades from the mines to the port, including ...
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NewsTauranga withdraws from merger talks
Port of Tauranga has formally withdrawn from merger discussions with Ports of Auckland, despite stating that a merger would generate "significant financial benefits" to customers and shareholders alike.
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NewsFremantle halts new terminal plans
The Western Australian port of Fremantle has put a halt in the shortterm to any further consideration of a third container terminal in the Inner Harbour. Mediterranean Shipping Company had proposed to redevelop Berths 11 and 12 on North Quay as a container terminal. But for the moment the port ...
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Auckland truckies breathe sigh of relief
A range of congestion-addressing measures recently employed by the Ports of Auckland have reduced truck queues to less than half an hour at both Axis Fergusson and Axis Bledisloe container terminals.
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HPH Brisbane winner
An operating duopoly on Australia''s east coast is set to be upended by the arrival of Hutchison Port Holdings (HPH).
