World News – Page 508
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NewsJNPT gets third box terminal
The third container terminal being developed by India''s Jawaharlal Nehru Port is almost certain to be offered as a concession based on minimum guaranteed throughputs (MGTs), rather than revenue sharing.
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NewsPSA policy shift nets Cosco
PSA Corp' s sale of a 49% stake of its Pasir Panjang terminal to Cosco follows a policy shift by the state-owned operator.
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PSA Corp cuts wages
PSA Corp has negotiated pay cuts with its unions in an effort to be more competitive.
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NewsCaribbean WHIRLWIND
The battle for transhipment volumes in the Caribbean is stronger than ever, reports Rainbow Nelson .
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NewsA TALE OF Two Rivers
Well-crafted strategies are fine but don''t always expect your neighbours to agree with them reports Tom Todd
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NewsCHINA HOOVERS UP WORLD IRON ORE PRODUCTION
Alex Hughes talks to major iron ore exporters and finds them all responding to China''s spectacular demands
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NewsSouth Africans progressing ports legislation
Additional clauses have been inserted into South Africa''s National Ports Authority Bill enabling Public Enterprises minister Jeff Radebe to direct state holding company Transnet to speed up the privatisation of its ports division if he detects any signs of deliberate foot dragging. Transnet currently generates much of its profit from ...
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Genoa latest to institute CSI
Genoa has become the 14th member port of the Container Security Initiative (CSI). It joins Rotterdam, Le Havre, Bremerhaven, Hamburg, Antwerp, Singapore, Yokohama, Hong Kong, Gothenberg, Felixstowe, Vancouver, Montreal, and Halifax in the US-led scheme.
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Andean inland project gets go-ahead
Chile''s Public Works Ministry has given the goahead for the construction of a new dry port high in the Andes at Los Andes, a central border crossing with Argentina. The concession for the terminal is for 25 years with investment of US$10-16m forecast.
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NewsBeirut aims to crack Iraqi humanitarian market
The UN''s World Food Programme is currently making use of six Middle East ports to direct relief aid through to Iraq. Lebanon has recently joined Syria, Jordan, Kuwait, Turkey and Iran after agreeing to cut several port tariffs at Beirut by 50% and abolish others completely.
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Mazda switches distribution from Antwerp to Barcelona
The Japanese car maker Mazda has moved its Southern Europe distribution hub from Antwerp to Barcelona, where it will make use of Barcelona Autoterminal. The move was prompted by better value added services and good customs clearance. Vehicles will be shipped in from the US, Thailand and Japan on either ...
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APL seeking Chinese terminal investments
APL has revealed that it is in discussions with two Chinese container terminals with a view to taking an equity stake.
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Lazaro Cardenas box terminal out to concession
Francisco Lopez Barredo has been awarded the concession to operate the Terminal Especializada de Contenedores box handling facility at the Mexican port of Lazaro Cardenas. His bid included investment of US$7m compared with US$6.97m offered by ICAVE, US$4.41m by P& O Ports and US$3.86m by the Intercom consortium.
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Dalian invests
The port of Dalian is to double capacity investing US$1.45bn in the next five years having already invested US$143m on box handling facilities. Dalian Container Terminal and Dalian Dagang Container Terminal handled a combined 1.3m TEU in 2002, the 13% boost in throughput effectively pushing the terminal to saturation point.
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Bidding extension for Montevideo m-p terminal
Uruguay''s National Ports Authority (ANP) has extended from May 9 to August 8 the deadline for bids to be received for a 30-year BOT concession associated with the proposed multipurpose terminal at the port of Montevideo.
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Major upgrade for Laem Chabang terminals
The Port Authority of Thailand has earmarked 16bn baht (US$385m) to convert Laem Chabang into a dominant regional hub.
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Funding for Pusan project
Pusan Newport Co (PNC) has received financial backing of US$480m for the construction of its new terminal in Pusan.
