World News – Page 454
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Senator Lines hits out at Italian ports
Senator Lines has accused Italy''s ports of failing to invest adequately in terminal and hinterland infrastructure. Chief executive Hans-Hermann Mohr said that, with notable exceptions such as Contship, PSA and Cosco, investment had been inadequate.
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APM Le Havre terminal on course for 2007
APM Terminals and the French Port Company Perrigault, which operates Terminaux de Normandie in the Port of Le Havre, have been awarded a 36-year concession to operate a new container terminal in the Port 2000 area of Le Havre.
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KGL AWARDED DAMIETTA
At present, ships drawing up to 13m-13.5m can access the facility; dredging will deepen this to 15m. The work is needed to stop cargo migrating to either Djibouti or Durban. Kuwait terminal operator KGL Port International, which forms part of the Kuwait & Gulf Link Transport Company, has been awarded ...
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DP World plans flotation
DP World is to undertake an initial public offering within 18 months. The world''s third largest terminal operator has said that it must undertake an IPO given its global status, which has to be matched by a global shareholding base.
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LIEBHERR UPS KHORFAKKAN RTGS
The $6.8bn that the company paid for P&O Ports last February and the $3bn it expects to invest in new container terminals and on expanding existing facilities will likely influence the eventual size of the IPO. Senior vice president for corporate strategy, Yuvraj Narayan commented that raising the additional capital ...
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Durban port expansion sorely needed
Durban Port manager Basil Ndlovu has said that throughput growth of 16%18% annually over the last five years means that the proposed ¢ 1.72bn expansion into the Bayhead area of the port must start as soon as possible.
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NewsMenas cuts navigation dues in Gulf
Navigation dues for ships calling at ports in the Middle East Gulf have been substantially reduced effective July 1 by the Middle East Navigation Aids Service (Menas).
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Namibia invests in expansion
Namibian Ports Authority is to invest € 58.79m in expanding capacity at its ports in Walvis Bay and Luderitz. Walvis Bay presently generates an annual throughput of 3.3m tonnes, which is equivalent to 30%-40% of total capacity.
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APM TERMINALS CRITICISED IN NIGERIA
Complaints have been made to the government of Nigeria regarding the activities of APM Terminals at the Lagos Port Complex.
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Take the next dance with Charleston
The port of Charleston expects to receive clearance to construct a new 1.4m teu capacity container terminal before the end of the year at the former Charleston Navy Base.
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NewsMaersk Line signs to GPA
"We're expecting the permitting process to be cleared in November, " says Byron Miller, director of public relations at South Carolina State Ports Authority.The world's largest container liner Maersk has signed a 20-year agreement with Georgia Ports Authority (GPA), with the inclusion of a 10-year renewal option to allow for ...
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Inchcape to double up by 2010
Inchcape Shipping Services (ISS), the world''s largest privatelyowned marine management services company, is planning to double its business by 2010. The company was acquired earlier this year by the Dubai Government-owned investment group Istithmar PJSC following ISS being put up for sale by its parent Electra Investment Trust Plc. Initially, ...
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NewsAlternative to Chinese medicine
It is easy to be lured by the headline figures emanating from China, but should investors be turning to Southeast Asia to reap rewards? Peter Trevalyn investigates
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NewsConstantza carves niche as hub of choice
Booming Black Sea business has given this Romanian port the edge. Alex Hughes reports on how transhipment rules Constantza''s roost
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NewsTop slot out of reach for Turkey
Turkey''s ports would like nothing better than to steal the transhipment hub crown from Constantza, but are development options limited without private sector investment, asks Alex Hughes
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NewsFeeders vie for Black Sea business
Approximately 70% of current imports into the Black Sea region are being sourced in the Far East, but opinions are divided on the most effective way to actually reach these markets, writes Alex Hughes
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NewsOdessa snaps at Illichivsk's heels
Just 30 km separates the rival Ukrainian ports of Odessa and Illichivsk, but the management systems employed by the two are worlds apart, reports Alex Hughes
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NewsNorthern ports have more to offer
New study claims that increasing traffic to ports in the north of England will improve infrastructure throughout the UK, reports Felicity Landon
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NewsCrane simulator first for Sri Lanka
Simulator training for port operators has entered a new phase in the Indian Subcontinent with South Asia Gateway Terminals (SAGT) Colombo installing Sri Lanka''s first crane simulation facility.
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TIANJIN IPO OVER-SUBSCRIBED
The IPO issued by Tianjin Port Holdings Ltd was heavily oversubscribed, by as much as 1,700 times.
