World News – Page 335
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New multi-national box terminal in Russia
Russian, Chinese and North Korean investors are planning to open a new container handling facility at Primorskii Krai in Russia. The facility, which will eventually be able to handle 400,000 teu annually, will be built in phases.
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Russia to back Ust-Luga bonds
Ust-Luga Port in Russia is to issue state-backed bonds worth $695m.
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NewsNZ volumes down but boxes up
Forsyth Barr senior investment analyst Jeremy Simpson''s review of the annual reports of 11 New Zealand ports has revealed that total cargo volume comparably fell during the year despite a slight average increase in container throughput.
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Hamburg needs to upgrade infrastructure
Companies using the Port of Hamburg have called upon the government to rapidly implement port facility expansions.
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Tauranga performance praised
A market report prepared by Morningstar research unit, AspectHuntley, has praised the Port of Tauranga for doing a "remarkable" job of returning a 7.3% increase in net profit after tax to NZ$45m (US$ 33.6m) during the recent global recession-affected financial year.
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NewsAPM Terminals
Port and terminal operators are looking for ways to take costs out of their systems and provide the most efficient service possible, says Allison Enedy, director of communications at APM Terminals Americas.
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Aden seeks more transhipment traffic
The Port of Aden is looking to expand its infrastructure to enable it to attract higher levels of transhipment traffic. The two existing terminals are managed by a joint venture between a state-owned company and DP World. Design work on the planned extension is begin in 2010.
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NewsPorts free of Dubai woes - almost
The ports industry released what must have been a collectedly-held breath when on Wednesday the Government of Dubai finally told investors that DP World and its debt "are not included in the restructuring process for Dubai World."
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NewsBio-energy tie-in for UK ports
It seems UK ports are increasingly floating themselves on a Green revolution. Last week the Port of Tyne signed a 10 year agreement to handle and store between 0.5 million and 1.4 million tonnes of biomass per annum.
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NewsSpanish and Portuguese ports 'worst EU performers'
Of all the European Union countries, ports in Portugal and Spain have reportedly fared worse in the current economic downturn, with traffic down 12.3% at the former and 12% at the latter in the last quarter of 2008.
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Tuxpan terminal tender issued
A container terminal tender has been issued by the Mexican Port of Tuxpan in the State of Veracruz.
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Responding to recession
The ports of Long Beach and Los Angeles have drawn up plans to eliminate the claiming process for cargo carried by clean trucks.
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DP World detects market stabilisation
DP World has detected stabilisation in the decline of container traffic - despite a 6% drop in traffic in Dubai for the third quarter of this year.
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NewsManzanillo win for ICTSI
ICTSI has just beaten the competition for the $771 million terminal concession at Manzanillo.
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Antwerp reduces dues
Antwerp Port Authority has frozen most of its dues at 2008 levels to combat losses and lend a hand to the struggling shipping industry.
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Cartagena pushes on with El Gorguel
Cartagena Port Authority is planning to start construction of a new container port at El Gorguel in 2013. A tender for an environmental impact assessment is due to be issued shortly.
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Antaq moves to protect private terminals
Brazil''s National Water Transport Agency (Antaq) has issued a new resolution enabling private terminals to continue investing in their operations and expansion, despite them handling third-party traffic.
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Vizhinjam development to go ahead
The $100m development of a container terminal at the Indian Port of Vizhinjam has been given an official go-ahead. A state-owned company, Vizhinjam International Seaport Ltd, will coordinate the infrastructure development work.
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NewsVolumes down, spending up
Volumes have plummeted in the economic downturn, but US West Coast ports remain committed to investment, as Felicity Landon discovers
