World News – Page 159
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NewsCosco acquisition sign of Chinese “consolidation”
The acquisition of Orient Overseas Container Line (OOCL) by Chinese state-owned Cosco and Shanghai International Port Group (SIPG) signifies the agglomeration of the Chinese state-owned enterprises involved in the port sector, an analyst has said.
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Myanmar encourages foreign investment
Myanmar’s government has made a strong pitch to foreign investors to commit to its ports at the 15th ASEAN Ports and Shipping conference.
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Port of Sihanoukville outlines expansion plans
Sihanoukville, Cambodia’s recently-listed gateway port, outlined its expansion plans at the 15th ASEAN Ports and Shipping Conference.
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Construction defects put back Moín opening
APM Terminals has put back until June 2018 the opening of its Moín container terminal, in Limón, Costa Rica.
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Anesco president resigns
Joaquim Coello has resigned as president of Anesco, Spain’s National Association of Stevedoring and Ship Consignment Companies. Until recently, he had headed up the organisation’s negotiating team that was trying to strike a new agreement with the country’s stevedoring unions.
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Local Maori challenge Lyttelton consent
Ngai Tahi’s legal representation has demanded Lyttelton Port of Christchurch (LPC) commit to a NZ$1m bond to ensure it improves the environment, if consented to deepen its shipping channel from the current low-tide of 12-12.5 metres to about 17-18 metres.
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NewsQatar boycott benefits Oman's ports
Oman, rather than the UAE, is benefitting from the Middle East economic blockade of Qatar, Qatar’s Hamad Port has indicated.
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NewsWorld Bank backs Dar es Salaam
Capacity at Tanzania''s Port of Dar es Salaam looks set to increase to 25 million tonnes over the next seven years thanks to a World Bank grant of US$12 million.
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NewsValue of Cosco’s Noatum stake questioned
Chinese port operator Cosco Shipping Ports (CSP) faces a “probable write-down” when the Spanish assets of its latest investment, Noatum Port Holdings (NPH), are tested for impairment, analysts have said.
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NewsFund's grand plans for LA terminal
A global investment firm has signed a definitive agreement to acquire 90% of Global Gateway South (GGS) a leading terminal in the North American Port of Los Angeles.
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NewsPort of Esbjerg explores expansion potential
The Port of Esbjerg in Denmark is considering expanding by 975,000 metres square.
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NewsStevedoring strike settled in Spain
The strike by Spanish stevedores is coming to an end, as stevedores reach individual agreements with terminal operators frustrated by the inability of the owners’ association, Anesco, to negotiate a country-wide agreement.
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NewsGE completes Tiplam engineering
An engineering, supply and commissioning project for Brazil’s Port of Santos has resulted in improved cargo loading, discharging and stowing efficiency.
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NewsDon’t underestimate China’s role in the Med
China’s desire to create a ‘hub of hub ports’ in the Mediterranean should not be underestimated, an economist has stated at TOC Europe.
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Less carriers, more terminal overcapacity by 2025
A more transparent industry with just six to eight global carriers and simplified processes - this will be the shape of the container shipping industry eight years from now, according to an outlook delivered at TOC Europe.
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NewsPort of Fujairah expansion
A 35-year agreement will see UAE’s Abu Dhabi Ports develop port infrastructure and manage operations at the Port of Fujairah.
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NewsBacklash feared on US East Coast port spend
Unrealistic investment in deepening and expanding ports on the US East Coast could lead to a dramatic backlash, a leading economist has warned.
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NewsPatrick surcharges contested by customers
Infrastructure surcharges imposed by stevedoring company Patrick at its Australian terminals are being blamed on higher rents and taxes, but customers have reacted strongly to the new list of charges.
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NewsAnother win for Adani’s Abbot Point expansion
The Queensland Supreme Court has rejected moves to put a stop to the controversial expansion of the Abbot Point coal terminal by the Adani company.
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NewsToll moves ahead with Dampier acquisition
Logistics company Toll is completing the purchase of the Dampier Supply Base in Western Australia from MMA Offshore. The purchase was foreshadowed in February and the final details have been confirmed following approvals received from the Australian Competition and Consumer Commission and Foreign Investment Review Board.
