Europe

The Spanish Port of Valencia has overtaken Algeciras as the countrys leading container port.

The UKsValuation Office Agency (VOA) came under fire in a heated parliamentarycommittee meeting in London yesterday for itscompletely unacceptable enforcement of backdated business rates on UK portoccupiers without adequate consultation.

Drewry Shipping Consultants has provided a brief oasis of hope for container terminals in an otherwise parched industry in its annual global container terminal operators review.

Drewry Shipping Consultants latest container market review has painted a bleak picture of short term prospects for lines and ports.

Port-based businesses across the UK are reeling from the effect of abackdated business rate charge that will put many out of business.

Fifteen jobs under threat on the back of falling car volumes at Copenhagen Malmö Port (CMP) have been saved in an agreement thrashed out with unions.