World News – Page 447
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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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NewsLiving in the past
Japan once had a strong presence in global rankings, but it needs a sea change in portstrategy if it is to regain former glories
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Six in the frame at Karachi
PSA International, APM Terminals and DP World are the three highest profile bidders for the new deepwater container port project due for construction at Karachi.This new facility will be built at Keamari Groyne. Three other companies are also apparently still in the running.
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SSA in Vietnamese venture
The Vietnamese government has approved the establishment of a jointventure between Saigon Port and SSA Marine to manage the SP-SSA International Container Terminal (SSIT) at Cai Mep-Thi Vai. Saigon Port, a subsidiary of Vietnam National Shipping Lines Corporation (Vinalines), already operates five terminals in southern Vietnam, amounting to 3,000 metres ...
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NewsBreakthrough for New Zealand ports as Tauranga and Auckland discuss pairing
New Zealand may be on the brink of finally embracing genuine port rationalisation after the country''s two major container gateways announced they are discussing ways in which the two companies can work together, including the possibility of a merger.
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NewsMooring Systems keen on Cavotec merger
Vacuum-mooring pioneer Mooring Systems has announced plans for a "reverse takeover" with its Dutch business partner Cavotec to form a top- 50 New Zealand-listed company.
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WATERFRONT STADIUM PLAN SLAMMED
New Zealand''s transportation industry has been scathing of a suggestion by Rugby World Cup Minister Trevor Mallard that Ports of Auckland''s Axis Bledisloe container terminal could be used to develop a stadium for the 2011 event. With an upgrade to Auckland''s Eden Park priced at about NZ$300m, the Government has ...
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TAURANGA MAINTAINS LEADING EXPORT STATUS
Statistics New Zealand has confirmed Port of Tauranga is the country''s leading export port, with a total value of goods annually exported of NZ$7.3bn (up 2.8% for the financial year) and annual volume of goods exported of 6.1m tonnes (down 3.3%).
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NZ shipping strategy gathers support
Introduction of a national ports policy and development of relevant port infrastructure to support an enhanced coastal shipping operation are key components of the New Zealand Shipping Federation''s draft maritime transport strategy.
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NewsWharf plan mooted by Marlborough
Port Marlborough has unveiled a multimillion dollar conceptual plan to create an enhanced inter-island ferry terminal and separate its cruise shipping activity on a new 200-metre wharf.
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SPANISH PORTS UP 3.8%
In the first six months of 2006, Spanish ports handled 225.4m tonnes, an increase of 3.8%. Total box traffic amounted to 5.7m teu, 4.1% more than the corresponding 2005 period.
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ALL EYES ON TURKU
Finland''s second largest seaport has invested in IndigoVision''s IP Video site surveillance. More than 4m tonnes of cargo and over 4m passengers pass through the Port of Turku every year.
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TAIM BUYS WESER
The CCTV system includes numerous dome cameras, providing high-quality digital images via a wireless WiMAX LAN, which spans an area around the port of over 10 sq km. Spanish crane manufacturer Taim-Tfg has acquired the German company Weser Engineering GMbH, a subsidiary of Izar Construciones Navales, for ¢250,100.Weser has mining, ...
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MORE RTGS TO SPAIN
The CCTV system includes numerous dome cameras, providing high-quality digital images via a wireless WiMAX LAN, which spans an area around the port of over 10 sq km. Dragados has awarded KCI Konecranes a repeat contract of eight RTG cranes as part of Dragados' expansion project at Terminal de Contenedores ...
