International Container Terminal Services, through its wholly-owned subsidiary ICTSI (M.E.) JLT, has signed an agreement with General Company for Ports of Iraq to operate, develop and expand container facilities at the Port of Umm Qasr. “The contract grants ICTSI the rights to manage and operate the existing container facility, reports JOC.
Australian Firm Secures $6.5 Billion For New Iron Ore Port
SYDNEY, April 11 (Reuters) – A small Australian exploration company said it has secured more than $6 billion in equity funding from unnamed investors to build a port and rail network to revive plans for a second iron ore export zone in the country.
Padbury Mining said it was obtaining the funds from private Australian equity investors, who required anonymity, with an initial $470 million due in 40-45 days.
Plans for a port to open up the Mid West region of Western Australia have been around for decades and there was uncertainty over how Padbury, capitalised at A$111 million ($104.52 million), could secure so much capital.
“You could build a moon base with that kind of money,” said James Wilson a mining analyst at Morgans.
Padbury shares soared on the news but were later placed in a trading halt pending the release of the names of investors to the Australian Securities Exchange .
Giant port’s 1,000 km (600 miles) to the north handling a half-billion tonnes of iron ore mined annually by Rio Tinto , BHP Billiton and Fortescue Metals Group have made Australia the world’s biggest exporter of the steelmaking mineral.
Customs staff shortage causes Port Louis cargo thefts
The Mauritius Revenue Authority Staff Association (MRASA) said a lack of customs officers in Mauritius’ main port enabled a highly organised criminal gang to steal high-value cargo with impunity for five months.
Venice Marks Official Opening of New Cruise Terminal
Venice will mark the official opening of its new Cruise Terminal 109-110 on Tuesday, April 15. The new terminal is 14,000 square meters on two levels, with 1,000 seats for passengers, and 84 check-in stations. There are also 500 additional parking spaces with more efficient movement of cars, coaches and trucks. A tunnel allows trucks direct access to the ships for baggage, provisioning and waste disposal. The 12 million euro terminal was completed in 12 months and will be able to accommodate passengers for two ships at time, berthed at the 109-110 and 1070-108 piers.
Expected to be present at the opening are the mayor of Venice, Giorgio Orsoni, the president of the Province of Venice, Francesca Zaccariotto, and the president of the Veneto region, Luca Zaia.
Aegis Group commissions bulk liquid terminal at Pipavav port in Gujarat
Logistics company Aegis Group has made a new bulk liquid terminal at the Pipavav port in Gujarat commercially operational, port operator APM Terminals Pipavav said in a release. "This new infrastructure will act as a cost effective and efficient gateway to service industry's feedstock requirements in specialty chemicals, hazardous chemicals, petrochemicals, petroleum and non-petroleum products for the key markets of North and Northwest India," said APM Terminals Pipavav. The Aegis Group facility is the first of three sub-lease agreements signed by the port with liquid terminal operators for setting up and operating tank farm facilities, said the release. Operator APM Terminals Pipavav on the other hand will provide all port and marine related facilities on the waterfront to ensure seamless cargo handling, it said. Of the total phase I of Aegis Group's plan to build a capacity of 120,000 Kilo Litre of liquid bulk and 2,700 tonne of bulk gas facilities across 31 tanks by second half of FY2015. 13 tanks with a capacity of 70,120 Kilo Litre or over 50 percent of the planned capacity has been commissioned. "With the container and dry bulk business contributing steady volumes and revenue growth, commissioning of the liquid business will add another pillar for future growth of our port," the release quoted Managing Director of APM Terminals Pipavav Prakash Tulsiani as saying. Port Pipavav is India's first port in the private sector, which is located in Saurashtra region of Gujarat.The port handles bulk, container and liquid cargo. Source : Busines Standard
The P3 alliance may have a profound impact on how Spanish container ports develop in the near future.
Currently, each of its three components – Maersk, CMA CGM and MSC – make deepsea calls at Algeciras, Barcelona and Valencia. Maersk – through group member APM Terminals – uses Algeciras as one of its two West Mediterranean hubs (the other being at Tanger-Med), while MSC has its own terminal at Valencia, where it also makes use of Noatum Valencia. Despite the fact that MSC has made it known that it would like major cost savings to be introduced at Valencia, it seems wedded to the port, at least in the short term, while Maersk is highly unlikely to quit Algeciras. Reports from Spain now suggest that Barcelona will be the port to lose out, retaining just two services operated by the new alliance, which will also call at Gioia Tauro, in Italy, Tánger-Med, in Morocco, and Sines, in Portugal. Source : portstrategy.
General 24hrs strike warning for Argentinian ports
Wednesday, 09 April 2014 | Inchcape Shipping Services (ISS) is advising of a potential general strike in Argentina today (Thursday) from 00:00hrs to 24:00hrs. The union-backed strike will see stoppages in various ports by truck, bus and train drivers, pilot boat masters, linesmen, tug boat operators and stevedores.
The strike is expected to affect all shipping operations in the port of San Lorenzo-Rosario. Particularly affected will be transits at Zona comun and pilot boat operations through Rio de la Plata, and the Parana River. In addition, tug boat operatives and stevedores in the ports of Buenos Aires, Necochea and Bahia Blanca have declared that they will join the strike.
Gabriel Curtarelli, General Manager, ISS Argentina, said: “During the strike, we expect to see operations at San Lorenzo-Rosario delayed by a day. The strike will affect all cargoes destined for the port and ships will be required to remain at anchorage if they have been unable to berth prior to commencement of the strike.”