World News – Page 178
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Weak market dents Vancouver's optimism
The Port of Vancouver has blamed a softer global economy, the weakened Canadian dollar and a shift of some containerised cargo back to US ports for lighter-than-usual traffic through the port.
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NewsChinese ports feel the pinch
The news that Maersk Line is to end services to and from ten Chinese ports from September in a cost cutting exercise could be construed as an unhappy symptom of China''s growth slow down.
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NewsA revolutionary new way of moving boxes
DP World has signed a Memorandum of Understanding (MoU) with US-based Hyperloop One to explore the value of using innovative Hyperloop systems to move cargo around between its ports.
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Guaymas to play complementary role to Long Beach
In Mexico, the Sonora state government is promoting the Port of Guaymas as a complementary port to that of Long Beach, in California.
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Algeciras to build third box terminal
In Spain, Algeciras Bay Port Authority has issued a tender for the construction and operation of its third container terminal. Interested parties have until November 30 to present bids.
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Colombia needs to confront its logistics bottlenecks
In Colombia, the government and private sector have put together a logistics committee to tackle bottlenecks.
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Penang port attracts investor
Nearly half of Penang Port is to be bought by utilities and infrastructure group, MMC Corp, the company said in a filing with the Malaysian stock exchange.
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NewsYilport seals Puerto Bolívar deal
Yildirim Group’s subsidiary Yilport Holding has secured the rights to Puerto Bolívar Port in Ecuador.
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NewsJurong cements multipurpose aspirations
Jurong Port has officially commenced operations of its Combi Terminal, which is tailored to the requirements of multipurpose vessels.
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NewsDP World dismisses Melbourne claims
Calls by International Container Terminal Services Inc (ICTSI) for more space at Melbourne’s Webb Dock have met with opposition from one of the stevedore’s main rivals.
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Melbourne truck efficiency targeted
Victoria Ports Minister Luke Donnellan has backed the use of high-productivity trucks to boost the movement of freight to and from the Port of Melbourne.
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NewsAuckland and Napier buddy up
A strategic alliance has been made between the Ports of Auckland Limited and Napier Port to provide operational, economic, sustainability and community benefits.
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NewsCentre stage
Could it be ‘all change’ for some of the Mediterranean’s key ports? Felicity Landon reports
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NewsSix US ports snare TIGER funding
The news that six US ports have snared Transportation Investment Generating Economic Recovery (TIGER) funding this year has been welcomed, but there is the notion that the funding should go towards a broader range of port projects.
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NewsMoody's flags Chinese port pressures
A new report from Moody’s Investors Service has highlighted that port operators in China are facing headwinds from slower economic growth and weaker throughput outlook.
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NewsPorts America extends Tampa concession
Ports America has extended its container agreement at Port Tampa Bay which will be valid through May 2046 and its also inked a new five-year breakbulk concession with two one-year extension options.
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Challenges for Asian rated port operators
The resilience of Asian port operators is being tested by weak commodity prices, high capital expenditure commitments and a liner industry struggling with overcapacity, according to Moody’s Investors Service.
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Israeli ports beset by problems
Members of the Israel food industry have gathered at a meeting of the Maritime Traders Association to warm of soaring food prices, according to the Jerusalem Post.
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Auckland relocation sites announced
Manukau Harbour and the Firth of Thames have been selected as the two potential sites for a possible future relocation of Ports of Auckland (PoAL).
