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Port Project

Companies Align to Form Taipei Port Consortium

Taiwan's Evergreen Marine forged an alliance with three local counterparts on Friday to bid jointly for a container port project in Taipei Harbor. Evergreen Marine, Yang Ming Marine Transport Corp., Wan Hai Lines and Evergreen Transport said in a joint statement they would set up the Taipei Port Consortium to issue the bid. Evergreen Marine and Evergreen Transport, members of the giant Evergreen transportation conglomerate, would own a combined 50 percent of the new company, which would have initial paid-in capital of T$800 million. Wan Hai would hold 40 percent, and Yang Ming would own 10 percent, the companies said. The estimated T$20 billion port project, which would be located in Taipei county, aims to bring its first berth with 250,000 20-foot equivalent units (TEUs) capacity into service in 2006, harbor officials have said. The build-operate-transfer (BOT) container project, which has a designed capacity of 1.75 million TEUs, would allow the operator to run the berths for 50 years before handing it back to the state. After completion of its seven berths, the Taipei harbor would rank as the third largest on the island, behind the southern port in Kaohsiung and Keelung.


USCG, MarAd to Convene on Port Pelican Project

The U.S. Coast Guard and the Maritime Administration (MarAd) issued a joint Notice stating that they will hold a public meeting in New Orleans on August 18, 2003 to receive information relevant to the issuance or denial of a federal license for the proposed Port Pelican LLC Deepwater Port project. Written comments on the project should be submitted by October 2, 2003. Source: HK Law


Hutchison To Hold 45 Percent Stake in Container Port Project

Hutchison Whampoa Ltd. would directly hold about 45 percent, not 65 percent, of the phase three of the Yantian container port project in the southern Chinese city of Shenzhen, a Hutchison official said on Thursday. She added that Hutchison has a majority stake in a foreign entity that would hold a 65 percent stake in the project. Through the investment entity, Hutchison would hold an "effective 45 percent", the official said.


APM Terminals Opens New Terminal in Morocco

APM Terminals Tangier, S.A. and the Akwa Group, a Casablanca, Morocco-based partner have announced the opening of Morocco’s newest container terminal to serve the global trade in Morocco and the Western Mediterranean market. Located on one of the most important shipping arteries, the terminal will offer importers and exporters a new gateway to world markets. Over 200 vessels a day pass through the Straits of Gibraltar as they transit on north-south and east-west liner trade routes


APM Terminals and Port of Rotterdam to Cooperate On R&D

Five  year,  global  agreement  to  work  toward  improved  productivity  and  efficiency,  land  utilization, environmental  sensitivity and  public  awareness  of  the  container  terminal  industry  APM  Terminals  and  the  Port  of  Rotterdam  Authority  announce the  signing  of  a  five-year agreement  of


Dutch Green Ports to be Model for Turkey

Photo by DHA

 Netherlands will be a model for Turkey’s ports within an environmentally-friendly Green Port implementation, says Daily News.   Port of Amsterdam and Dutch officials said that they were ready to boost ties with Turkey suring their visit to Istanbul, Marmara, Aegean, Mediterranean and Black Sea Regions (IMEAK) Chamber of Shipping branch in the Aegean province of İzmir.   IMEAK İzmir branch board chairman Yusuf Öztürk announced the work for the Green Port


Status Update: Northeast Gateway

On October 18, 2005, a public scoping meeting was held in Boston, Massachusetts to discuss the proposed Northeast Gateway Deepwater Port project. The purpose of the meeting was to accept the public’s comments regarding the proposed project. The meeting took place from 6 p.m. to 8 p.m. in Faneuil Hall and was preceded by an informational open house from 4:30 p.m. to 6 p.m. A similar public scoping meeting and open house for the Northeast Gateway project took place in Gloucester


Essar Ports Q2 FY15 Net Profit Up

Essar Ports develops and operates ports and terminals and is one of the largest private sector port companies in India

  Essar Ports Ltd. (Essar Ports), part of the Essar, today announced its unaudited results for the quarter ended September 2014. Highlights of Consolidated Results: *Revenue for the quarter increased by 1% at Rs. 435.3 crore as against Rs. 431.6 crore during previous quarter (Q1 FY15)and  increased by 7% from Rs. 405.1 crore during corresponding quarter of previous year (Q2FY14) *EBITDA for the quarter increased by 4% to Rs. 361.4crore from Rs. 346


India to Sign Port Deal with Iran

India to build port in Iran to get more trade with CIS and Gulf India will push ahead this week with plans to build a port in southeast Iran, two sources said, with Prime Minister Narendra Modi keen to develop trade ties with Central Asia and prepared to fend off U.S. pressure not to rush into any deals with Iran. India and Iran agreed in 2003 to develop a port at Chabahar on the Gulf of Oman, near Iran's border with Pakistan


Adani Gets Green Signal on Vizhinjam Port Project

Image: Vizhinjam International Seaport Limited (VISL)

 The Kerala state government has issued an order to hand over consent letter to Adani Ports and Special Economic Zone Ltd (APSEZ) for establishing the Vizhinjam port.    Within seven days Adani group has to give an official reply. Ports Minister K Babu said the final agreement will be signed within 45 days.    Kerala Chief Minister Oommen Chandy said with the handing over of the consent letter all allegations being raised about the opposition to Adani Group has


DP World H1 Profit Soars on Acquisitions

file image (credit Trelleborg)

DP World, one of the world's largest port operators, reported a 50 percent leap in net profit for the first half of this year on Thursday, helped by the acquisitions of the Dubai's Jebel Ali Free Zone and Canada's Fairview Terminal. The company made a profit attributable to shareholders of $608


Jawaharlal Nehru Port Goes for External Commercial Borrowing

Photo: APM Terminals Mumbai

 India’s premier container port, Jawaharlal Nehru Port in Navi Mumbai, has signed an agreement with State Bank of India and Development Bank of Singapore for External Commercial Borrowing (ECBB) to the tune of USD 400 Million at a “very competitive” interest rate to improve


Sovcomflot Profits slip

Projects - The company services large-scale energy projects in Russia and abroad, including Sakhalin-1, Sakhalin-2, Prirazlomnoye, Varandey, Tangguh and Peregrino.

Reviewing the company’s financial and operating results for the first half year ended 30 June 2016, on 23 August 2016, the Executive Board of PAO Sovcomflot (“SCF Group”) noted that despite a tanker market downturn, the company was able to demonstrate strong performance and


Five Vessels Delivered for Qatar’s New Port Project

Photo: NDSQ

Nakilat Damen Shipyards Qatar (NDSQ) has delivered five vessels as part of an 11-vessel order for New Port Project (NPP). Built entirely at the Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City, the vessels were launched and delivered to NPP after successful completion of their


Glencore, Australian Partners Looking at Steep Port Costs

Two partners in port project have entered administration means that port charges are now higher for other backers. Glencore and five other miners backing the world's most expensive coal port in Australia face extra annual charges of A$150 million after the restructuring of one of their partners


SCF's Profit Zoom Fourfold

Sovcomflot is Russia’s largest shipping company, and one of the global leaders in the maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil & gas production. Photo SCF

SCF Group (PAO Sovcomflot) reported steep jump in their net profit to USD 354.5 million from USD 83.9 million in the earlier year. Its gross revenue increased by 7.6 per cent to USD 1,483 million (2014: USD 1,378 million) and its time charter equivalent revenue rose by 18


Heinrich Ahlers Retires from Buss Group

Heinrich Ahlers (Photo: Buss Group GmbH & Co. KG)

Heinrich Ahlers has wrapped-up his remaining responsibilities at the Buss Group, and will begin his retirement shortly before his 65th birthday. He had already relinquished his role as CEO of Buss Port Logistics to his successor Marco Neelsen October 1, 2015.  


India to Boost Iran Port Project, Links to Afghanistan

Indian Prime Minister Narendra Modi on Monday pledged up to $500 million to develop the southern Iran port of Chabahar, in a move to give his country trade access to Iran, Afghanistan and central Asia.   The route is currently all-but blocked by Pakistan, long at odds politically with India


Adani may Withdraw from Australian Coal Mine Project

Gautam Adani Courtesy Adani Ports

 Indian conglomerate Adani Enterprise Ltd may walk away from its proposal to build one of the world's biggest coal mines in Australia, citing long delays caused by legal challenges to the project by groups concerned about the environment.


DP World Wins $1bn Port Project in Ecuador

(Left to right) HE Jorge Glass, Vice President of Ecuador, HE Rafael Correa, President of Ecuador, Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO and Isabel Noboa, Chairwoman of Consorcio Nobis at the signing of the new concession for the development of a greenfield multi-purpose port project at Posorja, Ecuador.

DP World has won a 50 year concession for the development of a greenfield multi-purpose port project at Posorja, Ecuador, 65 kilometers from the country’s main business city of Guayaquil. The $500 million initial investment (Phase 1) will include the purchase of land


DP World Wins New $1bln Port Project in Ecuador

Photo: La Asociación Peruana de Agentes Marítimos (APAM)

 DP World has won a 50 year concession for the development of a greenfield multi-purpose port project at Posorja, Ecuador, 65 kilometres from the country’s main business city of Guayaquil.   The $500 million initial investment (Phase 1) will include the purchase of land


Vancouver Fraser Port Responds to Community Concerns

Centerm courtesy Vancouver Fraser Port Authority

The Vancouver Fraser Port Authority is aware that a public rally has been organized for this weekend by MP Jenny Kwan and community members in opposition to the proposed Centerm Expansion Project. The port authority respects the right of any group to voice concerns and opinions in a public way.


Maritime Projects Continue Shaping Rhode Island’s Future

Photo: U.S. Dept. of Transportation

When I visit Rhode Island, one of the first things I notice its extensive water resources available for tourism, sports and commerce not to mention the ability to move people from one place to another. Next, I think about the dynamic men and women working on and near the water in the maritime


Latin America Ports to Berth Larger Vessels

Photo: Maersk Group

 Foreign trade and energy have boosted economies throughout the Americas. From the USA, to Argentina, Ecuador and the Bahamas, Maersk is helping unleash the region’s potential by facilitating the flow of goods around the globe.  


U.S. Awards $61.8 Mln for Port Projects

U.S. Transportation Secretary Anthony Fox today announced 40 awards totaling nearly $500 million in funding for the  FY 2016 Transportation Investment Generating Economic Recovery (TIGER) grants. Of the 585 applications submitted totaling $9.3 billion in requests, six awards totaling $61






 
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