World News – Page 315
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NewsLatin America investing in ports
In the last two years, ports in Chile, Colombia, Panama and Peru have invested $1.38bn in upgrading port infrastructure, while Brazil''s ports have spent $1bn since 1995.
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NewsSoutheast Asia forum inks 26 projects
Port and shipping companies from China and Southeast Asian countries have agreed to strengthen cooperation in a bid to handle increasing volumes at the fifth Pan-Beibu Gulf (PBG) Economic Cooperation Forum, a participant told PS.
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Abu Dhabi to issue bonds
Abu Dhabi Port Company is preparing a $1bn bond issue for early 2011 as a means of financing Khalifa Port & Industrial Zone. The National Bank of Abu Dhabi has been appointed as financial adviser, although no arranger has yet been appointed.
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CMA CGM linked to West Java investment
CMA CGM has been linked to a new 10,000-hectare port development at Cilamaya, Karawang, in West Java. This new facility, which will have a 10m teu capacity, is scheduled to replace Tanjung Priok port over the next 5-10 years.
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Global shipping fleet feeling affect of congestion
A recent snapshot study suggests that congestion at global ports is on the increase, particularly in respect of bulk carriers.
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NewsDammam facing major congestion
Problems at Saudi Arabia”s Dammam port has prompted some shipping lines to threaten a boycott, transferring calls to other ports in the Gulf.
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DP World postpones London listing
Port operator DP World has clarified its position on its planned London listing to Port Strategy.
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NewsHalf of Santos’ venture sold to APMT
Brasil Terminal Portuario (BTP), a new container terminal being built in Santos, is to be 50% owned and managed by APM Terminals since Terminal Investment Limited has just sold it a half share in the venture.
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Fraud uncovered in Apapa
APM Terminals claims to have uncovered fraud worth $153,000 involving six customs agents working at its Apapa terminal in Nigeria.
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Iskenderum to be privatised
Turkey''s Privatisation Administration has put back the bidding deadline for a 36 year-concession at the Mediterranean port of Iskenderun from August 4 to September 16. Initially, the port was offered to the private sector in 2005, although the tender was cancelled in December 2006 by the Council of State.
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Congestion surcharges applied at Jawaharlal Nehru
Several shipping lines have applied congestion surcharges for containers passing through Jawaharlal Nehru Port, although the Port Trust and container train operators deny accusations of congestion. An additional $60 per teu is now being levied by lines such as Maersk.
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Second Montevideo box terminal getting second look
Authorities in Uruguay are taking a second look at the project to build a second container terminal in the port of Montevideo.
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Financial scandal linked to Port Klang
Ling Liong Sik, a former Malaysian Transport Minister, has been charged as part of $1bn scandal linked to Port Klang Free Zone. Ling’s involvement was in persuading the government to spend an additional $227m on acquiring additional land for the Free Zone development.
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Johor/PTP merger off
Plans to rationalise operations at the ports of Tanjung Pelepas and Johor, which are controlled by MMC Corporation, have fallen through.
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Kochi port to sell land to tide it over financial difficulties
India''s Shipping Ministry has given Kochi Port Trust permission to release some of its land for a period of 60 years to help it during the current financial crisis. In all, 20 acres of waterfront on Bolghatty Island and a further eight acres in Marine Drive have already been offered ...
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NewsPANYNJ city-port developments secured
The Port Authority of New York and New Jersey has agreed to purchase approximately 130 acres of property at the Marine Ocean Terminal at Bayonne (MOTBY), a significant expansion of port facilities and one that will position the region’s port for future growth.
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NewsHonours for clean air initiatives
Five local maritime and cargo companies that have taken extraordinary steps to improve air quality collected honours at the third annual Air Quality Awards, presented by the ports of Long Beach and Los Angeles.
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IRSL to operate new Pars port complex
The operation of seven berths at Pars Port Complex in Iran has been transferred to the Islamic Republic of Iran Shipping Lines, which will also have responsibility for future investment.
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Russia to up port investment
The head of the Investment and Development Committee of the Association of Commercial Sea Ports has said that Russia will invest $42m, compared with $50m last year, in improving port infrastructure.
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New face throws cap into Brisbane bidding ring
New Zealand infrastructure investor Infratil has announced it is interested in adding its name to the bidding groups for the 99-year lease over Port of Brisbane being offered by the Queensland government.
