World News – Page 412
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Richard's Bay to overtake Durban?
The planned expansion of the South African port of Richards Bay could mean that new facilities there for general cargo would be better than those available at Durban. Richards Bay has space available for expansion, whereas Durban is faced with serious space constraints. Authorities are therefore considering construction of a ...
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NewsIndian ports not performing
The Indian government is being criticised for its inability to implement a proposed $12.4bn ports upgrade plan to enable the country to keep pace with growth in traffic.
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SPLA in the dock
Sri Lankan Ports Authority and members of the Cabinet Appointed Negotiating Committee are being legally challenged on their decision to continue to evaluate a bid by Hutchison Port Holdings in respect of the South Container Terminal of the Colombo Port Expansion Project, despite the fact that the bid had been ...
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NewsDave Mac Oz News Snippets
The Australian government has approved foreign investment for the third coal terminal at the port of Newcastle.
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Code of Practice call
A Marine Accident Investigation Branch (MAIB) investigation into the collapse of seven 30-foot containers on the UK-registered Annabella has seen the organisation call for the introduction of a relevant container shipping code of practice.
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Investment continues in Israeli ports
Israel Ports Development & Assets Company Ltd has put forward a $130m investment plan for 2008, which must now be approved by the government. At least 70% of the money will be allocated to container terminal and breakwater development at both Ashdod and Haifa.
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No more Colombian coal barges
A change in the law means that Colombian coal terminals will have to undertake direct transfers to vessels rather than using barges as from 2010.
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Puerto Montt concession deserted
The only bid to operate the Chilean Port of Montt, which was entered by construction company Luis Navarro, was judged to be non-compliant and the tender has been declared void.
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BMT buys Baxter
Consultant BMT has acquired specialist port consultant Baxter Eadie to bolster its international ports and logistics offering to customers.
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NewsGeorgia guarantees space to expand
Georgia Ports Authority has secured 175 acres of prime river-frontage land close to its Ocean Terminal, providing it with ample space to expand in the future.
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Reform needed for Ports Law in Mexico
Port terminal operators in Mexico are campaigning for a reform of the national Ports Law to enable them to widen investment and growth possibilities.
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Portek takes over in Gabon
Portek International has been awarded a 25-year concession to manage the ports of Owendo and Gentil in Gabon. It will do this via its Gabon Port Management subsidiary, which will have a capital of $4m. Investment of $2m has been promised.
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New Peel CEO
Peel Ports, one of Europe''s largest port operators, has appointed Stephen Baxter, the chief operating officer for BAA, as its new chief executive.
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Jiangsu in capacity boost
Jiangsu Lianyungang Port Company in China is to invest $2.6bn over the next three years to boost capacity.
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Private investment in Iranian ports
Since the start of its financial year on March 21, 12 private companies have signed contracts worth $181m to operate in nine Iranians ports, according to official figures.
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Latin America terminal meet
Uruguay is to play host to the first Latin American container terminals meeting in November to promote information sharing and transparency in the region.
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TT Club demands compulsory dangerous goods training
Specialist transport insurer TT Club has called for mandatory International Maritime Dangerous Goods (IMDG) Code training for shore-side handlers.
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NCSP ties to $73m debt facility
Novorossiysk Commercial Sea Port (NCSP) has signed debt facilities to the tune of $73m with Sberbank, the Savings Bank of the Russian Federation, to finance the development of new cargo handling facilities.
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Liquid gold for GIP
Private equity firm Global Infrastructure Partners (GIP) has agreed a joint venture with Zeus Infra-management, in a deal that includes a 74% stake in liquid storage specialist East India Petroleum Limited.
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NewsPorts could be hit by end of IBAs
The British government''s surprise decision to phase out Industrial Business Allowances (IBAs) by 2011 could have a significant impact on ports and cargo handlers who have invested in warehousing and storage buildings, accountancy firm Moore Stephens has warned.
