World News – Page 421
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DP World commits to long-term financing
DP World plans to issue both conventional bonds and Islamic bonds as a means of extending its debt maturity profile.
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Saqr to boost berthage
Four new berths have been commissioned at Saqr Port in the United Arab Emirates. These 795 metre long berths will bring to 12 the number of operational berths available to shipping. The port recently opened a new 350,000 teu container terminal operated by KGL Ports.
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Two Ngqura box terminals
Private-sector companies are going to be asked to bid for two large container terminals at South Africa' s Ngqura Port, which will require investment of € 841m ($1.1bn). These will be able to handle 3m teu annually, with expansion potential to eventually handle 4m teu.
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Ashdod investigated for nepotism
Israel' s State Comptroller is investigating reports of nepotism at Ashdod Port Company Limited. Of concern is the fact that most employees being hired already have family members working for the company. No new hiring will take place at the port until the report conclusions have been released.
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South Africa appoints regulator
South Africa is to introduce a National Ports Regulator, which will assume one of the two roles formerly undertaken by the National Ports Authority, whose own activities are now restricted to those of port landlord.
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Lake Nyasa terminal planned
A tender has been issued by Tanzania ports authority in respect of the construction of a port jetty at Mbamba Bay port on Lake Nyasa. Work is slated to commence later this year.
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Lagos management split
Nigerian Port Authority in Lagos has been divided into two separate elements: NPA Western Port and NPA Eastern port, in a bid to speed up response time at the ports and improve efficiency.
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Mombasa grain float
Grain Bulk Handlers Ltd, which operates a grain terminal at the port of Mombasa, is to undertake an initial public offering early next year. Listing of shares will take place on the Nairobi stock exchange.
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NewsComoros dragged into 21st century
Gulfcom, the joint-venture put together by Sharjah-based stevedore Gulftainer to manage Moroni Port in the Comoros Islands, has made drastic changes to working practices.
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APM considers Isla Verde take-up
APM Terminals is currently reviewing plans to expand its activities in the port of Algeciras.
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NewsBilbao box terminals consolidation mooted
Dragados-SPL is believed to be in the final stages of acquiring Bilbao-based box terminal TMB, despite the fact that the company is already the majority shareholder at the rival ATM terminal in the port. This would enable the company to control annual traffic of 500,000 teu.
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APM considers Isla Verde take-up
APM Terminals is currently reviewing plans to expand its activities in the port of Algeciras. This would involve the partial take-up of new land on the expanded Isla Verde Quay. However, this would be predicated on the company gaining a satisfactory collective bargaining agreement with port unions, which would involve ...
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MSC Las Palmas dream
MSC has announced a wish to operate its own terminal in the port of Las Palmas, where it is currently a shareholder in OPCSA. The shipping line accounted for 50% of the 1.4m teu throughput registered by Las Palmas in 2006.
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Up in the World
DP World has promoted Patrick Walters to the position of senior vice president and managing director for its fast-growing Europe and North Africa region. Mr Walters has been with DP World and, previously P& O, for 12 years, in a variety of commercial and financial roles.
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Port Nou becomes itinerant
Activities at Barcelona' s multi-purpose Terminal Port Nou will be temporarily transferred to a 60,000 sq metres site on Adosado Quay during the summer, before finally relocated to a 130,000 sq metre area on Adosado Sur within a period of two years. It plans to invest € 50m ($67.3m) up ...
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Las Palmas beefs up
Las Palmas Port Authority is to build two new outer dykes at a cost of € 59m ($79.4m). One of these will protect an 800,000 sq metre area currently under construction, which will also have 2,000 metres of quayside.
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Football frenzy
Organisers of the Port of Rotterdam Tournament taking place in Holland this summer claim the event brings together teams from “ four of the biggest port cities in the world” . The UK’ s Liverpool FC will be pitted against Rotterdam’ s Feyenoord, China’ s Shanghi Shenhua and Portugal’ s ...
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DP World gains approval for London Gateway
DP World says the first phase of its London Gateway container terminal should be operational in 2010, following approval of the development by the British government at the end of May. Construction of the first container berths is due to start later this year, although DP World must still wait ...
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Tallinn ready to start work in Muuga
Construction work that will double the size of the Port of Tallinn’ s Muuga Harbour is due to start at the end of this year or early in 2008.
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El Prat collapse costs PA a bundle
Barcelona Port Authority has calculated that it has lost € 37.8m ($50.9m) following the collapse of part of the quayside at the new El Prat quay. This will delay transfer of the planned container terminal to operator Tercat until 2010.
