World News – Page 417
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Penang Port to be privatised
Konsortium Logistik Bhd, a consortium of senior executives, and a listed state company have all bid to take over Malaysia''s Penang Port Sdn Bhd.
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Adani Group in IPO
The Adani Group is expected to undertake an initial public offering worth $371m in October in respect of its Mundra Port and Special Economic Zone Ltd Co.
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NewsNY/NJ ties green bond with Rotterdam
The Port Authority of New York and New Jersey has committed to an "information and experiences" sharing agreement with the Port of Rotterdam to strengthen and expand environmental initiatives in both ports.
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"Serious" container capacity shortfall caution
Drewry Shipping Consultants has warned of an imminent "serious" global container terminal capacity shortage in its Annual Review of Global Container Terminal Operators 2007.
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HPH stand-down a boon to Northern Gateway project
Hutchison Port Holdings (HPH) has been swayed away from its tough stance blocking the development of the UK''s Northern Gateway project by developer PD Ports.
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NewsPSA will target feeder traffic at "East Port"
Singapore operator PSA says it will be in a strong position to attract feeder traffic at its new Great Yarmouth container terminal when it opens in 2009.
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NewsEight berths shut down at Karachi
Closed Karachi berths deemed unsafeBerths 10 and 4, which were both more than 40 years old, collapsed during heavy rain in August, prompting the Port Trust to close six others of similar vintage.Karachi had a total of 27 berths and three oil piers, but will now have to work hard ...
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NewsHistoric first for Israel privatisation
Haifa will benefit from Israel's first privately-owned portThe permit - the first of its kind in Israel - was granted by the Finance and Transport ministries. However, as part of the terms and conditions of the permit, Israel Shipyards is only allowed to handle 5% of all Israeli imports. But ...
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Bids called for third Algeciras box terminal
Interested parties have until December 21 to enter bids for a concession to build and operate a third container terminal at the Spanish port of Algeciras.
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Barcelona Port blazes investment trail
They have put together a special-purpose vehicle, Catalana de Infraestructuras Portuarias, in which the port authority will hold a 49% stake and the private sector partner 51%. Having acquired the Mepsa concession on the Inflammables Quay, the company plans to build additional infrastructure in the short term.
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NewsMalmö brings new berth online
Copenhagen''s Malmö Port (CMP) has inaugurated a new pier to meet rising export demands at the Danish port.
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APM Terminals washes hands of Colonet
APM Terminals has abandoned plans to build a container terminal at the proposed Punta Colonet Port in Mexico blaming the extremely high investment demands of the project.
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Nelson Port predicts dip
A slightly reduced dividend is being predicted by Port Nelson over the next few years, primarily as a result of the loss earlier this year of the Maersk Line Asian service call.
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UK ports review puts trust in operators
The UK Ports Policy Review interim report has concluded that a market-oriented approach to port development remains appropriate and that there would “ in general” be no additional benefit from a locally or regionally determinative ports policy.
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NewsThames power trial for Sainsbury's supplies
UK supermarket Sainbury’ s has hailed a success a trial using the London artery of the River Thames to supply its daily product.
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Government committee lambastes Lisbon PA
The Portuguese government' s audit committee (Tribunal de Contas) has declared that the Port of Lisbon Authority (APL) is losing millions of euros annually because of the way it allocates concession contracts, many of which are questionably profitable. The worst contracts are those offered to multipurpose terminals, says the committee.
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NewsCongestion at Vigo causing traffic loss
Vigo is progressively losing competitiveness in the container market because of problems associated with a lack of space and the restricted operations at its frontier inspection post.
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Cargotec CVS Ferrari purchase hits a wall
German competition authorities are demanding “ disproportionate remedy actions” to a deal sealed late last year to bring CVS Ferrari into the Cargotec fold, according to Cargotec.
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Tartous takes delivery of ground-breaking handlers
Crane manufacturer Liebherr-Werk Nenzing has delivered two new mobile cranes to ICTSI’ s Tartous International Container Terminal.
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MAASLAKTE 2 SEALS LINER CONSORTIUM
A consortium of Mitsui OSK Lines, APL, Hyundai Merchant Marine, CMA CGM, and DP World is to jointly establish a terminal operation company “ Rotterdam World Gateway” under a 25-year lease contract with the port of Rotterdam.
