Haifa Port Sale Expected to Fetch $600m or More, Bidders Line Up
Four investment groups are looking to acquire the Israeli port of Haifa estimated to be valued as high as $600 million with formal bids expected towards October, sources with knowledge of the matter said.Israel is selling its state-owned ports and building new private docks in an effort to encourage competition and bring down costs. At the same time, warming ties with neighboring Arab countries are creating new trade opportunities and Haifa is well placed to become a regional…
Fight Over Port of Melbourne Sale
Victorian Labor is ramping up the pressure on Matthew Guy's Coalition over its decision to block the sale of the Port of Melbourne, reports The Age. Victoria’s plans to raise $6bn by selling the port of Melbourne are in jeopardy: the opposition refuses to support legislation for its sale. The Andrews Government wants to sell the Port of Melbourne lease for 50 years to raise an estimated $5-6 billion to fund its signature transport projects. The Coalition has decided to use its upper house numbers to block the sale of the port over concerns Labor's proposed deal will create a monopoly and cost taxpayers millions in compensation if another port is built.
Port of Melbourne privatization: Boon or Bane?
Investors are now shifting their attention to Victoria's port of Melbourne while the observers pondering with the question whether the looming sale of the Port of Melbourne be a bonanza for the state or a burden for business and consumers? A report in the Age says that the selling the port - or more accurately, leasing it out long-term - is a policy both sides of politics took to November's state election, though each had different ideas about how to use the one-off windfall. The port is the key to Melbourne's fortunes. The locus for more than a third of Australia's container trade, the port and the freight industry that it drives makes up 8 per cent of gross state product - or almost one in every $10 Victoria earns.
SC Ports’ Container Volumes Up 17%
The South Carolina Ports Authority (SCPA) announced today that October volumes were up nearly 17 percent year over year, continuing a growth trend in container traffic well above the organization's financial plan. SCPA handled 164,672 twenty-foot equivalent units (TEUs) in October, up from 141,049 TEUs moved during the same month last year. Fiscal year to date, TEU volumes are up 14 percent and nearly 13 percent ahead of plan. As measured in pier containers, October volume increased 19 percent over the same month last year, with 94,470 boxes moved.
The New Normal for GOM Offshore Vessels?
Offshore vessels in the Gulf of Mexico have become more energy efficient in recent years and are polluting less because of changes in engines, bunker fuels and building materials. At the same time, Gulf of Mexico builders have responded to meet new regulations, customer needs. At Harvey Gulf International Marine in New Orleans, Environmental Compliance Coordinator Nicole Eddlemon said “adoption of energy-saving vessels in the U.S. is driven by North American Emission Control Area or ECA regulations, initiated by the Obama Administration and the U.S.
Port’s CFO First CPA to Get Certification
A. J. Francis was among five professionals of 87 currently enrolled to receive the certification during the recent annual meeting of the American Association of Port Authorities (AAPA). The industry association established the program of seminars and activities in 1994 to encourage and promote professional standards in public port management. Nationwide, 44 port professionals have earned the AAPA certification. “The most rewarding part of the program is the exposure to other sectors of the port industry,” according to Francis, a 20-year employee of the Canaveral Port Authority. “Successful completion of the program also dispels the myth that accountants are only gifted with numbers.
