World News – Page 181
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Malaysia’s Kudat to benefit from funding
Sabah Ports Authority has allocated RM6m ($1.47m) to upgrade Kudat Port’s facilities, Bernama, Malaysia’s national news agency has reported.
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NewsPTP ready to invest RM8.6bn
Malaysia’s biggest single port operator, Port of Tanjung Pelepas (PTP), is ready to invest more than RM8.6bn ($2.1bn) under a plan to increase the port’s capacity.
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Sapangar to benefit from extra funds
Malaysia’s government has increase the funding for development of Sapangar Bay Container Port, in Sabah Province.
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NewsNorth UK ports broker collaboration pact
In the wake of Brexit, major ports across the north of the UK have agreed to unprecedented collaboration to ensure their unified voice is heard by government.
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NewsPeel Ports partners with MSC
Mediterranean Shipping Company (MSC) has committed vessel support to Peel Ports to help make marine trials at Liverpool2 a success.
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NewsPSA International launches ‘Living Lab’
PSA International, together with the Economic Development Board (EDB) and the Maritime and Port Authority of Singapore (MPA), has launched the PSA Living Lab, a living laboratory in Singapore for the port and logistics industry.
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Investors shy away from Brazil investment
Political instability, difficulties in securing finance and legal uncertainty resulting from changes to regulatory frameworks have combined to deter potential foreign investors to Brazilian infrastructure projects, according to Fernando Marcondes, partner at L.O. Baptist-SVMFA.
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Finance informs Yildirim acquisition and growth strategy
Savvy crafting of financial structures is a critical pillar of Yilport’s plans to be become a top ten global port operator by 2025.
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NewsDP World lists $1.2bn Sukuk
DP World group chairman and chief executive Sultan Ahmed Bin Sulayem rang the market-opening bell on June 27, to celebrate the listing of $1.2bn Sukuk on Nasdaq Dubai.
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NewsExpanded Panama Canal open for business
The first commercial transit of a neo-panamax vessel through the expanded Panama Canal took place on June 26, ushering in a new era of global trade.
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News‘Cool heads’ needed in response to UK ‘out’ vote
As the United Kingdom voted in favour to leave the European Union, the whole country is left in uncertainty, including the UK shipping industry.
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NewsRotterdam streamlines inter-terminal moves
APM Terminals, ECT and RWG have made an agreement with the Dutch Tax and Customers Administration to end the requirement of physical customs documents in order to transfer containers from one Maasvlakte terminal to the other.
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New Zealand ready for VGM
Maritime New Zealand (MNZ) senior communications and media advisor Steve Rendle believes the local shipping industry now has practical working arrangements in place to accommodate the new verified container weight (VGM) regulations.
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Auckland relocation political hot potato
Auckland’s future port location is looming as one of the key issues in New Zealand’s October local authority elections, with three Mayoral candidates publicly backing a move out of the city at a recent debate.
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Israel proposes offshore port
Israel’s transport minister, Yisrael Katz, has proposed the construction of an artificial island off the coast of Gaza, according to the Times of Israel.
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More delays to Brazilian concession programme
In Brazil, Wellington Moreira Franco, the minister responsible for the country’s port concession programme, has asked for patience in respect of difficulties that have emerged in implementation.
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Posorja to become major industrial zone
Otto Bottger, DP World''s commercial manager for the South American west coast and future director of the Posorja container terminal, has confirmed that the operator is to invest $1.2bn in its latest project.
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Contecon's Posorja legal challenge rejected
A request by Contecon, the ICTSI company which operates the container terminal at the port of Libertador Simón Bolívar de Guayaquil, to have DP World''s Posorja concession suspended as a precautionary measure has been turned down by Ecuador''s competition authority, the Superintendencia de Poder de Control de Mercado (SPCM).
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Auditor General investigates Quetzal contracts
Guatemala’s Auditor General, Carlos Mencos, has filed a criminal complaint in respect of 19 contracts that are in force in the Port of Quetzal (EPQ) on the grounds that they transfer public powers to the private sector.
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Darwin commits to US$18.5m development
Infrastructure investments are being planned for the Port of Darwin that will expand its reefer, general cargo and cruise ship capability.
