News

TERMINAL OPERATIONS

TERMINAL OPERATIONS

Port surveillance systems and equipment must be cost-effective, dependable, able to operate in potentially severe weather conditions in a maritime environment, require minimum maintenance and repair and have the availability of a…

1st January 2007

SECURITY BRIEFING

1st January 2007

POST SCRIPT

POST SCRIPT

The end of 2006 and very early part of 2007 saw industrial action in Europes ports on a scale that has not been experienced for some time. The last week of December…

1st January 2007

Mind your Ps

1st January 2007

THE INSURER

THE INSURER

It is said that generals have a strong tendency to prepare for the war they last took part in. And marine underwriters are not so different in this respect. The last financially…

1st January 2007

Fighting the Last War

1st January 2007

THE STRATEGIST

THE STRATEGIST

One of the more interesting announcements at the beginning of 2007 is that the opposition party in the US, the Democrats, are to fast track legislation which within three years aims to…

1st January 2007

Crippling implications of US initiative

1st January 2007

THE ECONOMIST

THE ECONOMIST

Private equity firms and other non-public shareholder groups such as Dubai Ports World (DPW), have entered the global ports and terminals marketplace to drive up values in the industry. Perhaps the initial…

1st January 2007

Is the great equity bubble about to burst?

1st January 2007

VIEWPOINT

VIEWPOINT

It is interesting to note that an officer of Kenya Ports Authority has suggested that congestion problems in Dar es Salaam are worse than those prevalent in Mombasa, and that as a…

1st January 2007

Learning Curve

1st January 2007

ASIA

ASIA

Chinas port industry shows a promising future, a recent report from Research in China has found. The study estimates that Chinas port handling capacity will increase by 80% or more from 2006…

1st January 2007

Chinas bright star still shining

1st January 2007

ASIA

ASIA

Port Klang and Incheon Port have signed a Memorandum of Understanding (MoU) to improve trade, traffic and services between the two ports. Last year, Port Klang handled 22,000 teu from Incheon Port,…

1st January 2007

Klang and Incheon pool resources

1st January 2007

ASIA

ASIA

Hong Kong-based Orient Overseas (International) Ltd (OOIL) deal to sell its terminal division to Canadas Ontario Teachers Pension Plan for $2.35m is awaiting approval from shareholders and competition authorities.

1st January 2007

OOIL terminal division sale awaits official seal

1st January 2007

ASIA

ASIA

Two Chinese companies - China National Property Administration Council and Qili Holdings - are making substantial investments in the Indonesian province of Papua. Biak Port will benefit from the construction of a…

1st January 2007

CHINESE INVEST IN INDONESIA

1st January 2007

ASIA

ASIA

China Shipping Terminal Development, part of the China Shipping Group, is rumoured to be negotiating an equity stake at the Malaysian port of Tanjung Pelepas, although this has been officially denied.The company…

1st January 2007

CHINA SHIPPING SEEKS MALAYSIAN OPPORTUNITIES

1st January 2007

ASIA

ASIA

Shares in Shanghai International Port (Group) Company Ltd are now being traded on stock exchanges in both Shanghai and Shenzhen.Despite being valued at above the companys initial expectations, the shares rose by…

1st January 2007

SHANGHAI SHARES UP

1st January 2007

ASIA

ASIA

DP World is to sell a stake in two of its three Shenzhen terminals for $229m to China Merchants Holding, which has also agreed to the purchase of further equity currently held…

1st January 2007

SHENZHEN CONCENTRATES OWNERSHIP

1st January 2007

ASIA

ASIA

Tuticorin has been given permission to convert its number eight berth into a second container terminal on a build-operate-transfer basis. Five companies, including PSA-Sical and DP World, are in the running for…

1st January 2007

TUTICORIN SECOND BOX FACILITY

1st January 2007

ASIA

ASIA

Four new gantry cranes operated by Chittagong Container Terminals are being underutilised because of the non-corporation of stevedores and also because of the lack of coordinated back-up services.

1st January 2007

Crane chaos in Chittagong

1st January 2007

ASIA

ASIA

Three new berths are expected to open at the South Korean port of Busan this month. Doubling existing capacity to 2.4m teu, these berths will be operated by Pusan Newport Company, in…

1st January 2007

Busan to open new berths

1st January 2007

ASIA

ASIA

Penang Port in Malaysia is to invest $277.78m over the next five years in infrastructure upgrades.

1st January 2007

Penang invests in port growth

1st January 2007

ASIA

ASIA

DP World has rather surprisingly withdrawn from the bidding process at Pakistans Gwadar port. Publicly, it claims this was done for commercial reasons, although there were serious concerns in India about the…

1st January 2007

DP World steps back from Pakistan

1st January 2007

ASIA

ASIA

Busan has scrapped an unpopular container tax, six years after it originally expired. Busan Metropolitan City imposed the $21.56/teu container tax in 1992 in order to fund road construction at the port.

1st January 2007

Busan ditches container tax

1st January 2007

ASIA

ASIA

PSA Sical has been sent a letter of intent by Chennai Port Trust in respect of the concession to run a second container terminal.

1st January 2007

PSA seals Chennai box contract

1st January 2007

OCEANIA

OCEANIA

Australias Toll group has announced plans to spin-off its ports division, which encompasses Patrick Corporation, as well as the Pacific National Railway.The new company will retain 83% of the groups debt.Toll will…

1st January 2007

PATRICK IN TOLL SPIN-OFF

1st January 2007

OCEANIA

OCEANIA

A five-year term as Northports chief executive will come to a close this year when Ken Crean steps down from the role.The position is currently being advertised and Mr Crean says he…

1st January 2007

CREAN TO LEAVE NORTHPORT

1st January 2007

OCEANIA

OCEANIA

The Australian port of Newcastle has reported that queues of ships waiting to dock peaked at record levels of the mid-50s between late November and early December. The port had been operating…

1st January 2007

Join the queue

1st January 2007