World News – Page 413
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Investment up in Spanish ports
In 2008, total investment in Spanish ports will reach ¢ 19.8bn ($28.1bn), which is ¢ 3bn ($4.3bn) more than in 2007. For its part, the government will invest ¢ 2bn ($2.8bn), an increase of 32% over 2007.
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NewsGuayaquil port authority workforce cut by half
Half of the workforce previously employed by Guayaquil Port Authority no longer provides services for that body following their transfer to outside companies.
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NewsNew Chilean dry bulk company
Chilean businessman Leonardo Farkas, owner of the Santa Fé and Santa Barbara mining companies, has put together a company, Puerto Atacama SA, specifically to manage and operate dry bulk terminals. He has also expressed an interest in building a new port in Chile at Huasco.
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Congo teams up with Northport
The government of Congo has asked Port Klang stevedore Northport to provide assistance and technical know-how in the development of the new port of Mandingo Kayes, located 40 km from the port of Point-Noire.
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Southern NZ merger talks
"Low-level" merger discussions are understood to have commenced between Lyttelton Port of Christchurch and Port Otago.
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...and for Barcelona
Barcelona Port Authority has approved construction of a bio-diesel plant on its Inflammable Quay. In the meantime, it has received five bids to undertake repair work on Prat Quay, most of which involves domestic construction companies linking up with overseas specialists.
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Congestion in Calcutta
Congestion at Calcutta Dock System has become so bad that stacking of containers has been banned in the yard; instead, boxes must be immediately whisked to container freight stations (CFS) located nearby.
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NewsVolatile results dog NZ ports
A mixed bag of financials from New Zealand''s ports saw Port Taranaki turn an encouraging 114% rise in after-tax profit to NZ$4.8m (US$3.6m) and 25% increase in revenue to NZ$37m (US$28m).
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Bio-diesel plant for Gijon...
Construction has begun in the Port of Gijón of a bio-diesel plant, which is due to open in the first quarter of 2009. Production capacity will be the order of 500,000 tonnes annually, equivalent to 600m litres, under an investment of ¢ 80m ($113.7m).
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NewsDP World up Senegal investment
DP World is to invest ¢ 500m ($710.7m) in port facilities in Senegal, which is 25% more than originally agreed with the government.
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Sweet deal for Nectar
UK-based bulk handling specialist Nectar Group Limited has entered into a joint venture with India”s United Shippers Limited.
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Valencia extends Levante Quay
Valencia Port Authority has issued a tender for a 248 metre extension of Levante Quay, which has a reference price of ¢ 12.4bn ($17.6bn). Alongside draught of 16 metres will be available and the new 32,000 sq m area will be incorporated into the existing TCV Stevedoring concession.
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Brake on box traffic at Novorossisk
Tougher fines imposed on road haulage vehicles carrying overweight cargo are crippling traffic at Russia''s Novorossisk seaport, where operators claim that the only way of resolving the situation would be to double the number of trucks involved in carrying consignments.
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New Russian port
Russia''s Oleg Deripaska company is to build a new port at Imeretin Bay near Sochi capable of handling 5m tonnes a year. The port, which will cost $3bn to build, will accommodate river-sea class vessels of 5,000 dwt.
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Major new Qatari port
Qatar''s Finance Minister has announced the construction of a new $5.5bn port at Mesaieed, located to the south of Al Wakra. Driving the project is the perceived need to bring down import costs.
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NewsHHLA IPO
Hamburg operator HHLA is to undertake an initial public offering in November of 30% of its total equity to be listed on the Frankfurt Stock Exchange. Both private and institutional investors from Germany and abroad will be allowed to acquire shares. This follows a record-breaking 2006 and first-quarter 2007 in ...
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DP World IPO?
DP World is to raise a $2.7bn syndicated loan to finance overseas investment and gentle corporate costs.
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Box slump in California?
The ports of Los Angeles and Long Beach, which were anticipating growth this year of 5%-9%, are now warning that there may well be no increase at all in 2007, or even a slight decline.
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No to coal port at Barú
The Colombian government has refused permission to build a new coal port at Barú , a decision partly influenced by lobbying from the tourist sector, which believes that additional coal loading facilities will detract from the local environment.
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NewsKPA under threat of vessel delay surcharge
To head off the threat of shipping lines imposing a $200 Vessel Delay Surcharge on each teu handled at the Port of Mombasa, Kenya Ports Authority (KPA) has introduced emergency de-congestion initiatives.
