World News – Page 369
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Five in the frame for Tuticorin
Tuticorin Port Trust has shortlisted five companies for its second container terminal. These are: PSA-Sical (which operates the existing terminal), Oceanic Transport, Chettinad Logistics, Afcons Infrastructure and Larsen & Toubro. Investment of $62.65m will be required during the 30-year lease period.
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Private sector ups investment in Bilbao
By 2011, the private sector will have invested ¢ 330m ($416.8m) in the Port of Bilbao. Of that, ¢ 222m ($280.4m) will be for four bio-diesel plants and one manufacturing ethanol.
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Good return for Lyttelton
Lyttelton Port of Christchurch has returned a comparable 7.3% rise in net after-tax profit to NZ$10.3m (US$5.7m) and 9.2% increase in revenue to NZ$83.4m (US$45.9m) for the 2007-2008 financial year.
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Yangtze hub port opens
Yangkou Port has opened for business in China on a man-made Island in the Yellow Sea, which is linked to the mainland by a 30 kilometre causeway.
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When it comes to the crunch
When it comes to the crunch, do "green" issues, and hence sea transport, still remain important?
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Mota-Engil back in Silopor race
Mota-Engil has been readmitted to the Silopor port privatisation process following a judicial intervention, which decided that the decision to exclude it from bidding was ''excessive''. The 25-year concession includes the silos at Trafaria and Beato in the Port of Lisbon.
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Tanger-Med II gets development cash
Tanger-Med Port is to receive a loan of $180m from Tangier Mediterranean Special Agency and the Arab Fund for Economic and Social Development.
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Major port development under way in Vietnam
Work has begun on building two deep water ports in Vietnam costing a combined $695m.
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News'Landmark' for Kiel
Construction work has begun on Kiel''s new Schwedenkai Terminal, after renovation of the old terminal building was deemed uneconomical.
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Kenyan bonds to fund port investment
Kenya is to invest $4.4bn in road and port development projects by 2012. Bonds will be issued to raise the necessary money to further develop Mombasa and build a second port at Lamu
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Chinese box growth continues to slow
Figures released for October showed that volumes handled by Chinese major ports were up 6% year on year, 2.1% lower than the rate in September.
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Los Angeles offers traffic incentives
Los Angeles Port Authority is considering coughing up $10 per teu for all new traffic that switches to the port to help offset a 5% volume decrease over the first three quarters.
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Newcastle contract awarded
An A$105m (US$68m) contract to build the port of Newcastle''s third coal terminal has been awarded to the Thiess company. The contract involves building a terminal of 33m tonnes per year capacity, by the end of next year.
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Cosco moots Australasian port investment
Cosco Group global chairperson and chief executive Captain Wei Jiafu has signalled his organisation may be weighing up investment in the Australasian port sector.
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NewsThe winners
Which ports come out on top in the competition to attract and build shortsea business? "Generally speaking, the winning ports are those which recognise the business potential of shortsea and then take the initiative without waiting for government action [such as Motorways of the Sea funding], by engaging in direct ...
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Capacity increases for eastern ports
Two south-east European ports are expanding their container operations based on 2008''s rapid increases.
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NewsSouth Island ports talk merger
Port Otago and Lyttelton Port of Christchurch have signed a memorandum of understanding to explore a merger of their respective port operations.
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NewsCollaborate or compete?
''Take the partnership approach'' seems to be a common theme among those looking for ways to increase the use of shortsea shipping in Europe. But when does "partnership" mean "collaboration", and will that bring in the competition police? Felicity Landon reports
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Brazil investment 3
President Lula of Brazil has signed an agreement for some Reais4bn ($1.7bn) to be spent on a brand new port complex for Ilheus, in the state of Bahia.
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Brazil investment 2
Having cemented its presence at the southeast Brazilian port complex of Itajai - via the Portonave box facility - Mediterrenean Shipping Company (MSC) is now ready to build a base at Pecem, in the northeast of the country, according to the Pecem port authority.
