World News – Page 346
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Venezuela privatises ports
The government of Venezuela has signed a decree terminating concessions of all private port terminals in the country. Henceforth, these will report to state-owned companies Bolipuertos and Puertos del Litoral Central. To date, no compensation has been given to owners for the seizure of their assets.
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Second half recovery forecast for Chinese ports
Recently published statistics suggest that traffic at Chinese ports is making a recovery.
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Two new terminals for Tianjin
According to official Chinese sources, construction began on 28 July of two new terminals in the port of Tianjin. These were the Nanjiang Special Ore Terminal and the Shenhua Coal Terminal. The former, which will have a 23m tonne capacity, will require investment of $430m, while the latter will require ...
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Dragados-SPL privatisation now without rail interests
JP Morgan is reported to still be interested in acquiring Dragados-SPL from the Spanish ACS group, although it is said to be hesitant about buying the port assets given the high price being asked and the depressed state of the container market.
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Plug pulled on Jebel Ali 3
The current state of the global container market has prompted DP World to delay its $1.5bn investment in a proposed third terminal at Jebel Ali. The project will be re-visited once business prospects improve. Completion of Terminal 2 earlier this year brought capacity to approximately 11m teu, which is viewed ...
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NewsMarseilles Fos seeks two bids
Marseilles Fos has released a tender for a proposed conventional cargo terminal to be developed on the site of the fruit terminal vacated by Agrexco. Preference will be given to bidders intending to use the existing facilities for handling fruit, vegetables and other food products.
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NewsLondon's Lambeth arrives
The first of a new generation of Port of London Authority (PLA) patrol launch has arrived on the Thames.
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Maersk traffic down at all major Spanish ports
In the first four months of 2009, traffic handled by Maersk at the port of Algeciras was down by 180,000 teu. In Barcelona, the carrier has seen a 33% drop and one of 16% in the port of Valencia.
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African port receives massive order
The Zhen Hua ship which sailed into the South African port of Ngqura from China in May delivered equipment and components in excess of $8.8m in value, destined for the Ngqura container terminal (NCT) to be launched in October 2009. Special clearance had to be sought to bring the cranes ...
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NewsIlo Growth
Ilo port in southern Peru is among the fastest-growing container ports in Latin America, according to a report published by Latin Business Chronicle using statistics from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).
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NewsICTSI unveils alternative Argentine terminal plan
Philippines box terminal operator International Container Terminal Services Inc (ICTSI) has outlined in full its plan for a new 1m teu, $400m container facility for the port of La Plata, some 60 km south of the Argentine capital Buenos Aires.
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NewsKatoen Natie Terminal hits out at Uruguay administrator
The president of Katoen Natie Terminal TCP is on the verge of handing over a "Trigger Letter" to the Uruguayan government if it passes a law allowing for another dedicated container terminal to be built in Montevideo.
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NewsLower operating costs for Hanjin
Hanjin New Port Company terminal (HJNC) in Busan, Korea has claimed the designation as the world''s first "horizontal terminal" equipped with an automated management system.
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TCV doubles capacity
Following investment of ¢ 110m ($155m) in its new Llovera Quay, TCV Stevedoring has doubled its capacity in the port of Valencia this year. The new expansion zone is equipped with 430 metres of quay and 50,000 square metres of stacking area.
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Single operator for Coquimbo
Residents of the Chilean town of Coquimbo have lodged complaints against a decision to privatise their local port.
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New dry bulk terminal for Guaymas
Guaymas Port Authority in Mexico has issued a new tender for the construction and operation of a dry bulk terminal.
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NewsCapacity boost continues at Cape Town
Cape Town container terminal''s expansion project has seen several milestones in recent months, and the upward trajectory is set to continue for the next five years while the country''s second-largest port continues its upgrade.
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Bangladesh looks at ports corruption
Bangladesh''s Shipping Ministry''s parliamentary standing committee has set up a sub-committee to investigate alleged corruption and irregularities regarding the contract awarded for container handling at the port of Chittagong. The decision was prompted by the fact that the lowest bidder for the contract was not awarded it.
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Punta Colonet still needed
Mexico should launch the tender for the Peso50bn ($3.75bn) Punta Colonet port project, in Baja California state, to prepare the country for future growth opportunities as and when the global economic crisis ends, local financial group IXE analyst Carlos Gonzá lez has said.
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Japan to finance Mombasa box terminal
A new container terminal is scheduled to be operational at Mombasa by 2013. A Japanese loan of $207m will fund construction costs of the facility which will be able to handle 1.2m teu. Its opening will coincide with the dredging of the access channel, which will also allow it to ...
