World News – Page 287
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NewsVirginia sees the sharp end of business
It looks as if there may be some uncomfortable times ahead for the staff of the Virginia Port Authority, as the new Board has been directed to “challenge everything” in the port.
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NewsUpdate: Typhoon stops berthing at Ningbo
A very large typhoon, Typhoon Muifa, has continued to gain strength and is likely to make landfall near Qingdao.
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Kenya asks Maersk to drop surcharges
Kenya Maritime Authority has described attempts by Maersk Line to implement additional charges for the handling of empty containers as unjustified and has asked for the surcharge to be withdrawn.
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Russia box market growth to continue
Russia''s container market could grow by 60% between 2010 and 2013 to 6.9m teu, according to research by Drewry.
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Newark undertakes major container expansion
Ports America subsidiary, Port Newark Container Terminal, is to invest $500m to upgrade its facility at the port of New York-New Jersey through a 100 acre expansion.
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Gunvor pulls out of Murmansk buy out
Major oil trader, Gunvor, has cancelled plans to buy a controlling stake in the JSC Murmansk Commercial Seaport (MCS).
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Nigeria accuses concessionaires of contract violations
Nigeria''s Minister of Transport, Idris Umar, has confirmed that the activities of terminal concessionaires in teh country are to be investigated.
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CMA CGM unsure on Batu Ampar port
CMA CGM is considering whether to go ahead with its $470m transhipment port in Batu Ampar in Batam, Indonesia.
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Indonesia prepares for single market
The government of Indonesia plans to upgrade 14 ports to allow them to handle international traffic in time for the creation of the single ASEAN market in 2015.
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Co-operation reigns in South America
As a means of expanding volumes, while at the same time reducing costs, the Brazilian port of Rio Grande is to sign cooperation agreements with terminals in Montevideo and Buenos Aires.
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Binh Dinh plans new port
The Vietnamese province of Binh Dinh is to expand existing ports and build a new one by 2020.
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East Java’s four port plan
East Java is to build four new ports by 2013 at Lamongan, Gresik, Probolinggo and Banyuwangi.
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Myanmar ignores environmental concerns
A new port complex is being built at the town of Dawei in Myanmar under a 10-year project costing $8bn being developed by Thai interests.
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Indonesia postpones bond issue
Indonesian state-owned port operator Pelindo II has postponed a projected bond issue worth between $117m and $234m, citing a lack of major funding needs at the present time.
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Peru confirms DPW Callao lawsuit
The Peruvian Ministry of Transport and Communications has confirmed that DP World is taking legal action for alleged unfair competition linked to the North Terminal concession at its port of Callao.
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Canal port for the Netherlands
A container terminal is to be built at the Medel Business Park in Tiel.
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Mombasa privatisation hurdle overcome
An application by the Mombasa Republican Council to stop Kenya Ports Authority going ahead with the privatisation of the port has failed.
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PSA reveals Teh replacement
PSA is understood to have appointed a new group chief executive to follow in the footsteps of Eddie Teh, who is due to retire at the end of August.
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NewsIndia sets sights on global port domination
India is to set up a state-owned company capitalised at $557m specifically to invest in overseas port and terminal projects. The company will mirror PSA and DP World in scope and be known as Indian Ports’ Global.
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NewsGreece floats Piraeus sell-off plan
The Greek government has put forward a plan to privatise part of the port authorities of Piraeus and Thessalonica - a move hotly contested by local organised labour unions.
