World News – Page 291
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Industry enjoys “renaissance after recession”
Dubbing the rapid recovery of the industry as ‘renaissance after recession’, Drewry’s port specialist Neil Davidson told the annual TOC Europe conference that ports and terminals have enjoyed a “remarkably quick bounce-back”.
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NewsBrazil opens public-private door
The Brazilian government has announced plans to award a concession during the second half of the year for the country''s first public terminal to be built by the private sector.
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NewsMAF green-lights Lotus unti
A revolutionary external sea container wash machine developed by Auckland-based Lotus Wash Systems has received official certification from MAFBNZ.
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NewsWhite paper is short of short ambition
Despite some far reaching and interesting plans, the recent EU Transport White Paper “lacks ambition” on the issue of short and medium distance freight.
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NewsMSP: Both threat and opportunity
Marine Spatial Planning, or MSP, is “both a threat and an opportunity” says Paul Holthus of the World Ocean Council, and it''s an issue that may leave some ocean industries behind.
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NewsMaersk boss delivers ‘wake-up call’ to ports
Maersk Line has issued a “wake-up call” to the port and terminal sector, challenging it to get involved in an industry-wide debate on future-proofing the business.
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NewsBreaking the barriers to co-operation
If you are looking at a large infrastructure project, it is all too easy to fall into the somewhat stereotyped roles and slightly adversarial stance that can exist between contractors, consultants, stakeholders and project owners.
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DP World trading on LSE
DP World has started trading on the London Stock Exchange. The company explains that there was no new capital raised as part of the listing as the aim was to provide an additional platform to help attract a broader range of investors. DP World shares will also continue to ...
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Hurricane season reports
While BOEMRE’s “extreme weather warnings” are primarily aimed at the oil and gas industry, the reports on the 2011 Atlantic Hurricane Season have relevance for other infrastructure bodies.
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Investors hungry for Magampura
Some 13 investors have submitted project proposals for new ventures at the port of Magampura in Sri Lanka. These are expected to generate revenue of $1bn and include cement grinding, warehousing, sugar refinery, petrochemicals, fertilisers and others.
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Council quashes Tarakohe proposal
A marine farming industry proposal to fund commercial development of Port Tarakohe, located at the northwestern tip of the South Island, has been labelled “one-sided” by the Tasman District Council.
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MMX to undertake IPO
Brazil''s Securities Commission has given the MMX mining company authorisation to undertake an initial public offering to acquire PortX, which owns the assets of the so-called Sudeste super port. PortX was created by the partial break up of LLX, which is the logistics subsidiary of EBX. In total, the IPO ...
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Lithuania seeks port investment
Lithuania''s Transport Ministry has confirmed that it is seeking investors willing to participate in the construction of a new deep water port, which will be taken forward as a concession.
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Cosco takes fresh look at port investment
The chief executive of Cosco has revealed that the company may well resume its investment in ports.
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NewsControversial Eilat port privatisation snowballs
Despite ongoing discussions with disgruntled unions and opposition from the Ministry of Defence, Israel’s Eilat is to be sold by the state at a cost of $29m.
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Ex-Patrick boss investment
The former head of Patrick Stevedores, Chris Corrigan, has moved closer to re-entering the Australian ports business. His company Qube Logistics is to pay A$106m (US$115m) to buy DP World’s stake in POTA Holdings, which provides road and rail services to ports and also operates full and empty container parks.
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Toll considers fresh investment
Former ports investor Toll Group says it will consider new acquisitions after securing a three-year, US$400m facility from its bankers. The financial arrangement gives the group flexibility and supports its planned investment in growth via both capital expenditure and acquisition.
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Costa Rica development gets green light
Construction of the contested new container terminal in Costa Rica’s Limón province has been pegged for an early 2013 start.
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NewsHedland development plan unveiled
BHP Billiton is seeking government approvals for the comprehensive development of its outer harbour facility in Port Hedland, which includes landside infrastructure and marine development.
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LA/LB press ahead with developments
Long Beach and Los Angeles ports are to press ahead with a series of expansion projects.
