ICTSI in Talks with Honduran Govt
The global port management company, International Container Terminal Services, Inc. (ICTSI) said that its Honduran unit Operadora Portuaria Centroamericana (OPC) is in talks with the government of Honduras to improve the facilities at Puerto Cortes, Central America 4’s (CA-4).Puerto Cortes, Central America 4’s (CA-4) largest port operated by OPC, can expect faster cargo movement in and around the terminal with OPC beefing up its partnership with Honduran authorities for improved and more efficient port services…
Antwerp Port Focus on Sustainable Modal Shift
The port of Antwerp is to invest 1.4 million euros over the next three years in projects aimed at making port-generated freight traffic smoother and more efficient. The seven projects that have been selected for financial support will together reduce the number of truck trips by up to 250,000 annually. The Flemish government in turn is building on the Call for Proposals by the Port Authority, and in the next few months it will release a further 1.4 million euros for projects to make transport in and around Antwerp more sustainable.
Valencia to Upgrade Three Ports
Spain’s Port Authority of Valencia (APV) has unveiled plans upgrade three of its ports by 2020. The Business Plan approved at the last Board of Directors of the Port Authority of Valencia includes investments in its three ports 56.19 million euros during the year 2017 and plans to invest more than 177 million euros for the period 2018 2020. By enclosures, the Port Authority of Valencia will invest 35.44 million euros in the port of Valencia in 2017. Of these, a 25.55 million euro item stands out for the generation and conditioning of new berths and surfaces.
Financial Support for Coastal Berths in India
The Ministry of Shipping in India has taken up projects worth Rs 2,302 crore (USD 356million) for financial assistance under the Coastal Berth Scheme of the flagship Sagarmala Programme. The Ministry, after due appraisal in consultation with NITI Aayog and Department of Expenditure, has extended the period of the scheme for three years, upto 31st March, 2020 and expanded its scope to cover capital dredging at Major Ports and preparation of DPR for coastal berth project, in Oct 2017.
Managing the New Panamax Containerships
The explosive growth of international boxships is challenging not only the physical infrastructure of North American ports, but also the very nature of the existing supply chains that they impact. The recent dialogue on container shipping has been all about so-called “mega-ships;” those vessels that with larger capacity than those that are already in service at any point in time. In the container trades, as in tanker and drybulk arenas, ocean-going vessels are one link, albeit an important component, within broader supply chains.
Construction of Stockholm Norvik Port Begins
The start of construction of the Stockholm Norvik Port and Norvik Logistics and Business Park was celebrated on 16th September. The ceremony was a well-attended and festive event for both commerce and the general public. Stockholm is one of Europe’s most rapidly growing capital cities and freight volumes are constantly increasing. To facilitate the sustainable and efficient supply of goods to the region Ports of Stockholm is building a new port for rolling goods and container traffic at Norvik, close to Nynäshamn.
FedEx Completes Takeover of TNT Express
US-based FedEx Corp. completed its €4.4 billion ($4.9 billion) acquisition of Dutch TNT Express, , with integration of the companies to start immediately. The companies say customers will interact with each company as they always have and once the integration is complete, FedEx says they will benefit from an expanded global offering. FedEx chairman and CEO Frederick Smith said the deal combines the world’s largest air express network and an “unparalleled” European road network.
Dublin Port Gets Approval for ABR Project
Dublin Port Company today welcomed the decision by An Bord Pleanála to grant permission for the Alexandra Basin Redevelopment (ABR) Project which will transform Dublin Port’s infrastructure and enable it to service the economy for decades ahead. The project will increase the port’s ability to handle large ships by deepening and lengthening three kilometres of the port’s seven kilometres of berths. It will also deepen the port to provide an entrance channel with a depth of at least 10m. The ABR Project is the largest single infrastructure development project in the history of Dublin Port.
HLG Bags Abu Dhabi Port's KIZAD Contract
The Habtoor Leighton Group (HLG) has been awarded a contract with revenue of AED263 million (AUD96 million) for the construction in Abu Dhabi of Khalifa Industrial Zone (Kizad) Area A Secondary Infrastructure (Phase 1B) for Abu Dhabi Ports. The methodology will include extensive dewatering, excavation, pipe-laying and road construction works. HLG has been involved in the construction of different phases of Khalifa Port and Kizad in Abu Dhabi and is very proud to again be selected by Abu Dhabi Ports to deliver this project. HLG CEO and Managing Director, Mr. José A.
Mombasa Port Shows Growth, Increased Efficiency
Shipping activity at Kenya's port of Mombasa, East Africa's biggest, rose by 11 percent in the first half of 2015 as vessel wait times fell, the national port authority said on Wednesday. Gichiri Ndua, Kenya Ports Authority managing director, said the performance reflected progress in the integration of east African countries to ease the flow of trade. The port, a major trade gateway to east Africa, handles imports such as fuel for Uganda, Burundi, Rwanda, South Sudan and eastern Democratic Republic of the Congo. Kenya, which faces increasing competition from other countries like Tanzania and Djibouti in the bid to serve land-locked and rapidly-growing neighbours, said increasing port efficiency is central to its infrastructure plan.
Jawaharlal Nehru Port Goes for External Commercial Borrowing
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 the infrastructure required for “doubling” its existing capacity to 9.85 Million TEUs annually. The ECB of USD 400 Million ( USD300 Million from the SBI & USD100 from DBS) will be primarily utilised by the JNPT…
India Shipping Ministry Enlarges Scope of Sagarmala
India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments for creation of infrastructure for movement of cargo and passenger by sea or National Waterways. This is in line with the Ministry’s port-led- development program-Sagarmala (India's maritime initiative) for creating better infrastructure and promoting costal shipping for saving logistic costs. Under the Scheme, projects…
India to Develop Paradip as World-Class Smart Port City
The Ministry of Shipping is planning to develop Paradip as a world class, globally competitive, smart industrial Port City, Joint Secretary (Ports) Pravir Kishn said. The rationale behind developing Paradip as a smart city is that it already has a Major Port and strong mineral resource presence in the region. These factors will make Paradip a hub for Micro Small & Medium Enterprises (MSME). The on-going Sagarmala programme and the expansion plan of the outer harbor will only increase the port traffic.
Heavy Rains Cause Delays on East Africa Trade Route
Heavy rains near the Indian Ocean port of Mombasa have swept away a road and slowed transport to a trickle on the main trade route into east Africa, officials said on Wednesday. Mombasa port handles imports such as fuel and other vital goods for Uganda, Burundi, Rwanda, South Sudan and eastern Democratic Republic of the Congo. Police officials reported tailbacks of more than 10 kilometres and said delays began at abound 10am local time when a temporary road about 50km from Mombasa was swept away. The road was being used as a diversion while the main highway leading to capital Nairobi was being repaired. "We have been stuck here for over six hours. We are not moving at all.
Record Thames Ridership
A record 9.8 million passengers are using the River Thames, two years on from the launch of the Mayor's River Action Plan, it was announced today. The River Action Plan, launched in February 2013, details a host of measures designed to increase the number of river passengers to 12 million by 2020. Figures from January to December 2014 have shown very positive signs as passenger numbers on River Buses and River Tours increased to 9.8 million, compared to 8 million for the same period in 2013.
Dubai Maritime City Land Development
DAMAC Properties continues its investment programme with plans to develop prime real estate in Dubai Maritime City. DAMAC’s plot of land on the sea-front at Dubai Maritime City will be home to a high-rise luxury tower of serviced hotel residences and further expands the company’s project portfolio in the Emirate. Dubai Maritime City is strategically located north of the main city centre and creek area business district, between Port Rashid and Dubai Dry Docks. The site is connected by a causeway to the wider road network…
Salt, Potash Terminal at Barcelona Port
The ICL Group's Phoenix Plan is breathing new life into the centuries-old salt and potash mines located in the Bages district of central Catalonia. The project covers various fields, such as building a potash and a vacuum salt plant, new rail accesses and a specialised terminal at the Port of Barcelona. The port terminal, involving a total investment of € 69 million, will enable worldwide exports of potash, a mineral essential for fertilising fields, and high-quality salt especially for the chemical industry, and other sectors.
Spending On Transport Infrastructure
Transport infrastructure is a vital social and economic asset. Its construction and maintenance absorb significant resources while decisions on infrastructure have impacts that last for decades. The report Spending on Transport Infrastructure 1995-2011: Trends, Policies, Data and a related database have been released by the International Transport Forum at the OECD. The 2013 edition of the Forum’s annual statistics update presents aggregate trends in inland transport infrastructure investment and maintenance since 1995 and provides data on road, rail, inland waterway, sea port and airport spending for the International Transport Forum member countries for the period 1995-2011. Investment as a percentage of GDP has remained at around 1% since 1995 in the OECD.
PM to Lay Foundation of JNPT's SEZ on 16th August
The Prime Minister Narendra Modi will lay the foundation of a Port- Based Multi-product Special Economic Zone (SEZ) at the prestigious Jawaharlal Nehru Port Trust (JNPT) at Sheva, Navi Mumbai on Saturday, August 16, 2014. The proposed industrial infrastructure in 277 hectares with a total Public and Private investment of INR 4,000 Crore is planned as a Self-Sustainable Integrated Development Project having a potential of generating 1.5 lakh direct and indirect jobs. The ambitious SEZ to be developed through JNPT-SPV (Special Purpose Vehicle) under the Engineering…
SW England Gets £10-M Port Transport Boost
UK's Department of Transport informs that Transport Secretary Patrick McLoughlin has announced a £10 million package to improve sea links between Cornwall and the Isles of Scilly, upgrade roads on the island and carry out ports repairs. The new funding includes £7.3 million towards a £12.8 million scheme to improve harbour infrastructure at both St Mary’s and Penzance and £1.8 million to repair and resurface public roads on the island. "This funding will make a huge difference to the people of Scilly and also to visitors to the island, so vital to the local economy.
SENER Appoints Marine Commercial Director for Mexico
Héctor Martínez has been appointed Commercial Director of SENER’s Marine Strategic Business Unit in Mexico in addition to his responsibility as Commercial Director of the Aerospace Strategic Business Unit in the same division. These are two business sectors with good growth prospects, in which SENER has operated for several years providing Engineering and Construction services. Born in Mexico, Héctor Martínez is an Electromechanical Engineer graduated from the Pan-American University…
Unique Investment Opportunity in Antwerp Port
A unique, particularly attractive investment location of 96 hectares has become available in the port of Antwerp, the second largest port in Europe. The site in the heart of the European Union is particularly suitable for industrial development. The zone offers a number of intrinsic advantages including trimodal access and an existing area of ready-to-use buildings. These are amplified by the environment in which the site is embedded: a port that functions as the gateway to Europe…
Boskalis Sells Dutch Road Maintenance Biz
Royal Boskalis Westminster N.V. (Boskalis) has sold its road maintenance company Aannemingsbedrijf De Jong en Zoon Beheer B.V. and the associated De Jong subsidiaries (De Jong) to the management and Foreman Capital. The De Jong activities were taken over at the end of 2011 as part of the acquisition of MNO Vervat. De Jong is primarily active in the maintenance of the main road network and inland waterways in the Netherlands. Boskalis' strategy in the Netherlands is focused on large and medium-sized integrated projects and an independent maintenance company does not fit in this strategy.