World News – Page 242
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NewsMP595 sets Santos Brasil free
Before the approval of Brazil''s port reform bill MP595, national operator Santos Brasil admits that it felt uncomfortable investing in areas outside of public ports as the previous legislation did not entirely allow for the handling of third party traffic.
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NewsMP595 could stimulate massive change in Brazil's ports
The Brazilian Association of Infrastructure and Basic Industries (Abdib) has estimated that the adoption of new ports legislation could stimulate investment of $24.6bn by eliminating barriers to entry for private capital.
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NewsWestports Malaysia set for US$500m listing
Port operator, Westports Malaysia, is expected to list on the local stock exchange in October 2013 in a deal that could raise up to US$500m, according to media reports. The operator manages Malaysia’s main export gateway of Port Klang – one of the main ports along the Malacca Straits linking ...
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NewsFelixstowe doubles rail capacity
The UK’s Port of Felixstowe has opened a new rail terminal which sees the container port’s rail capacity double.
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NewsLyttelton insurance claim breakthrough
New Zealand’s Lyttelton Port of Christchurch (LPC) announced it is reviewing the payment of dividends after a breakthrough in a two year earthquake insurance repair claim, said to be “the largest ever in Australasian history”.
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Essar Ports wins Visakhapatnam bid
Private port company, Essar Ports Limited (EPL), through its wholly owned subsidiary, Vadinar Oil Terminal Ltd, has won a bid for the development of three iron ore berths at India’s Visakhapatnam Port on a build-operate-transfer (BOT) basis.
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NewsYang Ming extends POLA lease agreement
Beijing based marine transport company, Yang Ming, has extended its lease at the Port of Los Angeles (POLA) by 9 years – a move that will provide cargo growth over the next 17 years, says the city’s Mayor, Antonio Villaraigosa.
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NewsPSA acquires stake in Fuzhou terminal
Global port group, PSA International, has acquired a stake in the Fujian Jiangyin International Container Terminal (FJCT) at the Port of Fuzhou in China, making it the second largest shareholder after FPG.
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NewsLiverpool2 port project begins
Peel Ports has welcomed the news this week that Liverpool''s maritime sector in the UK has received a £35m regional growth fund (RGF) grant from the government - now the operator can begin to realise its expansion plans at the Port of Liverpool.
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NewsVancouver labour lockout continues
The lockout is still in force at the US Port of Vancouver after nearly three months prompting the International Transport Workers’ Federation (ITF) to make an official complaint to Mitsui Ltd, owners of the United Grain Corporation (UGC), the company at the centre of the dispute.
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NewsETF concerned over port policy proposals
Following the European Commission’s adoption of a new regulation and communication, ‘Ports: en engine for growth’, earlier this week, the European Transport Workers Federation (ETF) has expressed concerns that the proposals could have on workers in technical-nautical services.
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NewsControversy continues to court Brazilian port reform
Both houses of the Brazilian parliament have voted into law interim measure 595, which it is hoped will greatly increase the competitiveness of the Brazilian ports industry.
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NewsAshdod and Haifa ‘accused’ of box handling oligopoly
The head of Israel''s Anti-Trust Authority has written to both Haifa port and Ashdod port to ask them to meet him prior to them being accused of operating a container handling oligopoly.
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Getting on with the neighbours
For Los Angeles, one of its most urgent projects has just been finished, the 10-year $370m deepening of the main channel from 45 to 53 feet, aimed specifically at the mega-container ships.
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NewsAPMT Liberia on track
APM Terminal’s new wharf at Monrovia Freeport in Liberia has officially opened nine months ahead of schedule, opening the door up to the next stage of the port modernisation project.
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NewsTale of two halves
There''s a clear divide in the ambitions of US West Coast ports, as Martin Rushmere explains
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NewsUpgrading EU seaports
Port Strategy issued a newsflash on 23 May from Siim Kallas, European Commissioner for mobility and transport, on a new initiative to improve port operations and transport connections at 319 key EU seaports.
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NewsMaasvlakte 2 opens
The Dutch Minister of Infrastructure and Environment opened the port expansion project Maasvlakte 2 this week - phase 1 of the project has worked out €150m cheaper than estimated.
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NewsInterest sought for new Oz terminal
The Australian Goverment is calling for interested parties to come forward with a view to developing and operating the Moorebank Intermodal Terminal in Sydney – being called Australia’s major rail freight solution of the future.
