World News – Page 445
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NewsLiebherr fixes sights on Indian subcontinent
Liebherr is looking to build on its position on the Indian subcontinent, keen to be involved in one of the fastest growing economies in the world, which is increasing by 6% a year on average.
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Japan Y22m commitment to support Sri Lanka projects
The Government of Japan has pledged a sum of Yen 21,559m to Sri Lanka under its Official Development Assistance loan scheme in support of development efforts of the country, including the first phase of the Galle Port Development Project.
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NEW TERMINAL FOR SOUTH KOREA
The South Korean port of Pyeongtaek is to build a new private container terminal. The work, which will be completed in 2009, will cost $143.1m.The terminal will be equipped with three quay cranes and have an annual capacity of 375,000 teu.
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MACQUARIE BUYS TERMINAL STAKES
Hanjin Shipping is to sell a 40% stake in six of its container terminals to Macquarie Korea Opportunities Fund. The facilities involved are at Seattle, Long Beach in Oakland in the United States; Tokyo and Osaka in Japan; and Kaohsiung in Taiwan.The cost of the transaction is $252.1m.
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GUANGZHOU DEVELOPMENT AGREEMENT
APM Terminals has entered a joint venture agreement with Cosco Pacific to develop and manage the second phase of the container terminal at the Chinese port of Guangzhou. The port authority will also participate in the management company. The new facility will be operational by mid-2007 and have an annual ...
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COSCO FORMS MANAGEMENT CO
Cosco Ports (71.43%) has formed a joint venture with Quanzhou Port Container Company (28.57%), to be known as Quanzhou Pacific Container Terminal Co Ltd. The company will manage a four berth container terminal in Shihu Harbour, as well as overseeing construction of a fifth berth for containers and a multipurpose ...
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Rosneft commits Tuapse funding
The Russian port of Tuapse is to receive investment of more than $2bn from oil pipeline operator Rosneft, which intends to use the port as its main export outlet.
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Kalmar stakes claim in Thai success
Port equipment supplier Kalmar has broken new ground in Thailand, with more than 20 of its RTGs in operation in the country''s ports.
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NewsHIT smashes through 100m teu barrier
Hongkong International Terminals celebrates the 100m teu handling mark, a world record for Hong Kong''s busiest port. Guest of honour Stephen Ip, Secretary for Economic Development and Labour Bureau (middle),joined John Meredith, group managing director of Hutchison Port Holdings (left) and Eric Ip, managing director of HIT (right) in commemorating ...
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NewsChasing shadows
China''s long shadow has cast traditional marketing strategies in neighbouring Japan,Korea and Taiwan into doubt. Wing Kah-goh finds out how their ports are fighting back
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NewsFighting talk
A five-year plan to boost Taiwan''s ports could move the island back into the premier league
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NewsUnited by Excess
Korean ports must come together to realise the nation''s goal of becoming the centre of Asia''s economic powerhouse
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Busan invites applications for third phase of popular industrial park
Busan invites applications for third phase of popular industrial park
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NewsMiddle Eastern riches
The Gulf is a hotbed of port development as nations vie for cargo business.Alex Hughes makes sense of the frantic pace
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NewsWin-win for Sharjah
Sustained growth in throughput at Sharjah''s key arteries has been attributed to the changing logistics environment in the United Arab Emirates, particularly the core industrial and commercial corridor between Jebel Ali and Sharjah/Ajman.
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One to watch
While Dubai, Abu Dhabi, Fujairah and Sharjah have led the way in port development in the United Arab Emirates,Ras Al Khaimah has played something of a secondary role. However, rising cargo volumes have prompted the Emirate to announce the development a second port facility costing ¢ 23m.
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NewsAqaba's changing fortunes
APM Terminal''s helping hand has lifted throughput at Jordan''s primary port.
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NewsDouble take
Upper Gulf keen to secure its share of region''s port business with additional terminals planned to serve the north
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NewsSouthampton committed to increasing UK box capacity
The Port of Southampton has thrown its bid to increase UK container handling capacity into the ring, pledging to raise current volumes by at least 3.7m teu.
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NINE BID FOR SAGUNTO VEHICLE TERMINAL
Nine companies are expected to bid for the new vehicle terminal at the Spanish Mediterranean port of Sagunto. Investment will total ¢ 2.88m and involve paving 120,000 sq m between Muelle Sur and Muelle de la Costa.
