Port News

Unifeeder starts new container service in TeesportJun 11, 2010

PD Ports has announced a new container feeder service into Teesport by Unifeeder - a three times per week service that, will open up the German market via Hamburg and also serve Rotterdam. According to Frans Calje, PD Ports managing director, volumes at PD Ports' two container terminals have increased by 68%, with 58,700 TEU in Q1 compared with 35,000 ...

Nigerian dockers to strike if big oil won't pay for offshore workJun 11, 2010

NIGERIAN ports and harbours face a national strike by the dockers union over payments for offshore work done for Shell, Chevron-Texaco, Agip Energy & Natural Resources, Hyundai Heavy Industry, Mobil and Esso. Some 25 companies are said to be involved in the dispute with Maritime Workers Union of Nigeria (MWUN), whose president, Anthony Emmanuel, has...

Rotterdam channel widening will allow for bigger ships Jun 11, 2010

EUROPEAN Combined Terminals (ECT), bulk stevedore EMO and the Port of Rotterdam Authority have agreed to widen the Amazonehaven from 255 to 305 metres to allow for larger vessels at a cost of EUR175 million (US$208.5 million) beginning 2011. At the same time, EMO will relocate some of its operations to the Hartelstrook on the southern side of the Missis...

Ningbo Port to launch IPO on Shanghai bourse Jun 11, 2010

NINGBO Port Company has filed its prospectus last week to list on the Shanghai Stock Exchange, planning to raise CNY13.25 billion (US$1.9 billion) in the IPO. Proceeds would be used to develop port projects and purchase new port equipment as well as supplement working capital, it was cited as saying in the prospectus, reports Paris-based newsletter Alph...

Saudi Arabia prepares for port privatisationJun 10, 2010

Saudi Arabia plans to create an independent firm that will manage the kingdom's eight ports under a gradual privatisation process. The state-run Saudi Ports Authority has completed privatisation studies of the ports, which will lead to the inception of an independent managing body. Although it is not certain when this entity would be set up, the plan w...

Los Angeles confirms a reduced budgetJun 10, 2010

The Port of Los Angeles has adopted a 2010-11 fiscal year budget for of approximately US$909m which anticipates a 5.3% decline in revenues and targets a 15% drop in operating expenditures. The new budget, which takes effect July 1, 2010 is 19.7% lower than the previously adopted budget for FY 2009-10. "This budget represents a balanced, fiscally respons...

Ceres Terminals leases additional land at BaltimoreJun 10, 2010

The US Maryland Port Authority (MPA) has signed an agreement to lease an additional five acres at its Dundalk Marine Terminal to Ceres Corporation Inc. This will give Ceres, one of the largest stevedoring and marine terminal operators in North America, a total of ten leased acres at Dundalk, where it plans to expand its Ro-Ro and breakbulk cargo operations ...

PD Ports attracts Northern Europe’s largest feeder operator to Teespor...Jun 10, 2010

PD Ports has today announced a new container feeder service into Teesport by Unifeeder, one of Europe’s largest feeder operations.  This new service, which will sail into Teesport three times weekly, will open up the German market via Hamburg and also serve Rotterdam. Frans Calje, PD Ports’ MD unitised, said: “I am delighted to an...

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