India to sign port deal with Iran, ignoring U.S. warning against haste
(Reuters) - 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, but the venture has made little progress due to Western sanctions on Iran.
Now, spurred on by Chinese President Xi Jinping's signing of $46 billion of energy and infrastructure deals with Pakistan, Modi wants to swiftly sign trade agreements with Iran and other Gulf countries.
"Shipping Minister Nitin Gadkari will travel on a day-long tour to Iran to sign a memorandum of understanding for development of Chabahar port," a Shipping Ministry source with direct knowledge of the matter told Reuters. The deal will be signed on Wednesday, he said.
Encouraged by the prospect of a deal between world powers and Tehran by June 30 on Iran's nuclear programme, after which sanctions could be eased, India recently sent a delegation to Iran to scout for trade, energy and infrastructure deals.
The United States cautioned India and others last week against strengthening ties with Iran ahead of a final agreement. But Indian officials said New Delhi could not ignore its national interest and noted a report that a U.S. energy delegation was visiting Iran. Read more at: https://uk.news.yahoo.com/india-sign-port-deal-iran-ignoring-u-warning-201834316.html#PrLTkMt
Giant shipping cranes from South Korea arrive at Houston port
A ship is shown in the Houston Ship Channel transporting four electric Super Post-Panamax Ship-to-Shore wharf cranes to the Barbours Cut Container Terminal Tuesday, May 5, 2015, in Mogan's Point. The cranes the largest ever built by Konecranes in Mokpo, South Korea, are 289 feet high with a lift height of 204 feet. Four 30-story high cranes arrived at the Barbours Cut Container Terminal in the Port of Houston Tuesday afternoon, completing a more than 70-day journey from South Korea.
The cranes are part of a bigger $700 million revamp of the terminal as the port sees bigger container ships with more cargo.
Two years ago, the port commission approved a $50 million contract to buy and ship the cranes from South Korean manufacturer Konecranes.
According to a statement from the Port of Houston Authority, the new cranes will be able to load and unload ships at 295 feet per minute, almost twice as fast as the current cranes at the terminal.
While the old cranes could reach across ships that were 13 containers wide, the new cranes will be able to reach across those that are 22 containers wide, said Bill Hensel, an authority spokesman. Read more at: www.chron.com/new...
Mexico building first cruise-ship home port in Rocky Point (Puerto Penasco)
ROCKY POINT, Sonora – The sound of heavy machinery scraping against rocks and an overwhelming smell of diesel fuel invade an otherwise serene desert beach where Mexico will spend roughly $100 million building its first cruise-ship home port.
The Mexican government chose to build the port in the sleepy beach town of Puerto Peñasco, better known as Rocky Point, because of its proximity to the United States and potential as a future international tourism destination.
"It is the most important project the city has ever had," said Miguel Guevara, director of promotion and international affairs for the city.
Construction workers spend their days dumping rocks, making concrete blocks and placing them along the breakwater to prepare the port for a January 2017 opening.
Officials said they hope the roughly mile-long port will tap into the growing cruise-ship industry by offering passengers an opportunity to explore the Sea of Cortez.
Proponents said the port could attract 3,000 new weekly visitors and transform the city's economy. Read more at: www.azcentral.com...