Middle East – Page 27
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Major new Qatari port
Qatar''s Finance Minister has announced the construction of a new $5.5bn port at Mesaieed, located to the south of Al Wakra. Driving the project is the perceived need to bring down import costs.
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DP World IPO?
DP World is to raise a $2.7bn syndicated loan to finance overseas investment and gentle corporate costs.
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Jebel Ali to see major hike in trade
DP World believes it will be able to increase throughput at Jebel Ali to 40m teu within four years as a result of expanding regional trade.
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Big spend in Israeli ports
Israel Ports Development & Assets Co Ltd has published a tender worth $40m for the design of new port infrastructure.
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NewsHistoric first for Israel privatisation
Haifa will benefit from Israel's first privately-owned portThe permit - the first of its kind in Israel - was granted by the Finance and Transport ministries. However, as part of the terms and conditions of the permit, Israel Shipyards is only allowed to handle 5% of all Israeli imports. But ...
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DAMIETTA TERMINAL AWARD
Two Egyptian construction companies, Arab Contractors and Archirodon, have been awarded a $240m contract to build 2.3 km of berthing line at a new container terminal at the port of Damietta.
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DP World ditches LSE flotation
DP World has decided not to go ahead with a $5bn flotation on the London Stock Exchange as a means of funding future expansion and acquisition projects because it believes it will now be cheaper to issue debt.
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NewsNew mobile cranes for ICTSI Syria
ICTSI subsidiary Tartous Inter-national Container Terminal has contracted manufacturer Liebherr for two new mobile harbour cranes, a first for Syria. Tradition-ally, container handling in the country has been undertaken by geared vessels.
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DP World commits to long-term financing
DP World plans to issue both conventional bonds and Islamic bonds as a means of extending its debt maturity profile.
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Saqr to boost berthage
Four new berths have been commissioned at Saqr Port in the United Arab Emirates. These 795 metre long berths will bring to 12 the number of operational berths available to shipping. The port recently opened a new 350,000 teu container terminal operated by KGL Ports.
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Ashdod investigated for nepotism
Israel' s State Comptroller is investigating reports of nepotism at Ashdod Port Company Limited. Of concern is the fact that most employees being hired already have family members working for the company. No new hiring will take place at the port until the report conclusions have been released.
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PSC SEEKS CONTRACTS
Oman-based Port Services Corporation, which operates and manages Port Sultan Qaboos, has revealed that it is seeking additional port management possibilities both within Oman and also abroad. Initially, negotiations are to be made for the operational and management contract for Khasab Port.
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KGL AND TATWEER JV
KGL Ports International has signed a memorandum of understanding with Qatar-based Tatweer Infrastructure Company to undertake joint port infrastructure projects wherever they present themselves.
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DPW JEBEL ALI INVESTMENT
DP World has placed an order for 129 terminal trailers with global handing solutions provider Gaussin.The trailers, due for delivery this summer, will operate in the new Terminal 2 expansion phase of Jebel Ali Port container facility
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DP World profits take a tumble
DP World reported a net profit of $216.9m in 2006 compared with one of $242.5m in 2005.
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Yellow card for Haifa strikers
The Labour Court in the Israeli city of Haifa has determined that local port workers will be personally fined € 182 ($248) for every hour that they go on strike. Should the strike exceed 12 hours, the fine will rise to € 273 ($372).
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Jordan prepares Aqaba tender
Jordan is readying itself for a $3bn project to relocate its only port, Aqaba, to deeper waters 20 km south to expand its handling capacity. The government has confirmed that it has started the study of tender documents for the new port, which will include general cargo, industrial bulk and ...
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Dar es Salaam terminal offer
Tanzania Port Authority is to go ahead with the privatisation of operations at the Dar es Salaam’ s general cargo terminal. An outside operator is expected to be in place by June.
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NewsKhor Fakkan boasts record moves
Gulftainer’ s Khor Fakkan Terminal produced record handling figures of 237 moves per hour with four super post-panamax cranes when the CMACGM La Traviata called last month.
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Salalah plans massive expansion
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 ...
