Taiwan's Evergreen Marine forged an alliance with three local counterparts on Friday to bid jointly for a container port project in Taipei Harbor. Evergreen Marine, Yang Ming Marine Transport Corp., Wan Hai Lines and Evergreen Transport said in a joint statement they would set up the Taipei Port Consortium to issue the bid. Evergreen Marine and Evergreen Transport, members of the giant Evergreen transportation conglomerate, would own a combined 50 percent of the new company, which would have initial paid-in capital of T$800 million. Wan Hai would hold 40 percent, and Yang Ming would own 10 percent, the companies said. The estimated T$20 billion port project, which would be located in Taipei county, aims to bring its first berth with 250,000 20-foot equivalent units (TEUs) capacity into service in 2006, harbor officials have said. The build-operate-transfer (BOT) container project, which has a designed capacity of 1.75 million TEUs, would allow the operator to run the berths for 50 years before handing it back to the state. After completion of its seven berths, the Taipei harbor would rank as the third largest on the island, behind the southern port in Kaohsiung and Keelung.
The U.S. Coast Guard and the Maritime Administration (MarAd) issued a joint Notice stating that they will hold a public meeting in New Orleans on August 18, 2003 to receive information relevant to the issuance or denial of a federal license for the proposed Port Pelican LLC Deepwater Port project. Written comments on the project should be submitted by October 2, 2003. Source: HK Law
On October 18, 2005, a public scoping meeting was held in Boston, Massachusetts to discuss the proposed Northeast Gateway Deepwater Port project. The purpose of the meeting was to accept the public’s comments regarding the proposed project. The meeting took place from 6 p.m. to 8 p.m. in Faneuil Hall and was preceded by an informational open house from 4:30 p.m. to 6 p.m. A similar public scoping meeting and open house for the Northeast Gateway project took place in Gloucester
Hutchison Whampoa Ltd. would directly hold about 45 percent, not 65 percent, of the phase three of the Yantian container port project in the southern Chinese city of Shenzhen, a Hutchison official said on Thursday. She added that Hutchison has a majority stake in a foreign entity that would hold a 65 percent stake in the project. Through the investment entity, Hutchison would hold an "effective 45 percent", the official said.
APM Terminals Tangier, S.A. and the Akwa Group, a Casablanca, Morocco-based partner have announced the opening of Morocco’s newest container terminal to serve the global trade in Morocco and the Western Mediterranean market. Located on one of the most important shipping arteries, the terminal will offer importers and exporters a new gateway to world markets. Over 200 vessels a day pass through the Straits of Gibraltar as they transit on north-south and east-west liner trade routes
Five year, global agreement to work toward improved productivity and efficiency, land utilization, environmental sensitivity and public awareness of the container terminal industry APM Terminals and the Port of Rotterdam Authority announce the signing of a five-year agreement of
SUEZ Energy North America's subsidiary, Neptune LNG LLC, announced today that the Neptune offshore LNG facility has received its Deepwater Port License. Neptune is the first offshore LNG project on the United States' East Coast to reach this milestone. The license will allow Neptune LNG LLC to build, own, and operate the Neptune offshore LNG delivery system in Massachusetts Bay. The Maritime Administration is responsible for issuing a Deepwater Port License under the Deepwater Port
Glasgow-based marine safety consultancy, Safety at Sea Limited, has completed its first port project, for the Melones Oil Terminal, (MOT) in Panama. MOT is a 2.1million barrel capacity tank farm facility due to open before the end of 2012 on the Islas Melones, a greenfield development around eight nautical miles from the Pacific end of the Panama Canal. Safety at Sea provided a Marine Safety Assessment covering marine procedures and operational limits around the newly constructed terminal
The American Association of Port Authorities (AAPA), on behalf of its United States member seaports, expresses both encouragement and disappointment over the funding levels and programmatic changes in federal port-related programs proposed in the President’s FY 2015 budget. While the President’s budget proposal included funding for a new National Infrastructure Investment program, it also decreases funding for the Corps of Engineers’ modernization and maintenance programs
Bharat Mumbai Container Terminals Private Limited (BMCT), a wholly-owned subsidiary of PSA Bharat Investments Pte Ltd (which is a subsidiary of PSA International), signed the concession with Jawaharlal Nehru Port Trust (JNPT) on 6 May 2014 to develop the JN Port’s fourth container terminal on a design, build, operate, finance and transfer basis in Mumbai for a period of 30 years. Located at India’s largest and premier container gateway port
Demand Demonstrates Need for Greater Transportation Investment through GROW AMERICA Act U.S. Transportation Secretary Anthony Foxx today announced a $10.8 million TIGER (Transportation Investment Generating Economic Recovery) grant for the rehabilitation of the Wando Welch Terminal project
American Association of Port Authorities (AAPA) say that after evaluating 797 applications totaling requests for $9 billion for FY 2014 Transportation Investment Generating Economic Recovery (TIGER) grants, U.S. Department of Transportation (USDOT) Secretary Anthony Foxx has announced 72 awards
The U.S. Department of Transportation (USDOT) announced Friday that 72 projects will receive a total of $600 million from the sixth round of the Transportation Investment Generating Economic Recovery (TIGER) program. Of these, 12 Coalition for America’s Gateway and Trade Corridor (CAGTC)
Two of China's largest port operators and engineering firms have agreed to invest in a $601 million terminal in Sri Lanka's Hambantota port, part of a series of deals signed during a visit by President Xi Jinping to the island nation. Keen to establish its presence in the Indian Ocean
ICTSI’s announcement earlier this month that it is investing over $130m in a long term deal with Iraq’s Port Authority to operate and enhance container handling capacity at Umm Qasr illustrates the opportunities ahead for ocean carriers, says Drewry's 'Container Insight Weekly'.
Taiwan is building a $100 million port next to an airstrip on the lone island it occupies in the disputed South China Sea, a move that is drawing hardly any flak from the most assertive player in the bitterly contested waters - China.
LNG carrier Spirit of Hela, which is jointly owned by MOL and Itochu Corporation, has left Papua New Guinea carrying the first LNG cargo from the ExxonMobil-led PNG LNG Project, Mitsui O.S.K. Lines, Ltd. announced. The PNG LNG Project is Papua New Guinea’s first ever LNG project
The Port of Yantai in northern Shandong province, posted a 10.48 per cent year-on-year increase in overall cargo volume to 105 million tonnes in the first four months of the year, reports Xinhua. The port's full-year cargo throughput is expected to hit 300 million tonnes this year
Port Canaveral informs that Florida Governor Rick Scott has signed into law a major overhaul of the Port’s 60-year-old charter, which resulted from a nine-month community review and input process and received bi-partisan legislative support
The Long Beach Board of Harbor Commissioners on Monday, July 14, approved an $858 million budget for the Port of Long Beach in the upcoming fiscal year, with two-thirds of the spending set aside for a robust building and modernization program.
PT AKR Corporindo, a distributor of basic chemicals and petroleum products, plans to spend 2.3 trillion rupiah ($198.84 million) on investment in the second half of this year, to finance its Java Integrated Industrial and Port Estate project, said Director Suresh Vembu.
When it comes to port development, many governments now favour letting the market decide where expansion should take place, whereas most other transport infrastructure, such as roads and rail, remains centrally managed. The problem is that old habits die hard in shipping
Port Manatee has been awarded a $1,837,500 security grant, allowing the port to proceed with three significant projects. The award, the second-highest for any Florida port in the latest round of grants offered by the Federal Emergency Management Agency
Today, the projects of the ports of Huelva, Koper, Lisbon, Marseille and Rotterdam have been shortlisted for the sixth ESPO Award on Societal Integration of Ports. The jury selected these five applications from a total of twenty submissions
In the Middle East there has been a level of shipbuilding infrastructure investment unmatched, with companies such as N-KOM in Qatar among the leaders. N-KOM CEO Abu Bakar Mohd Nor shares his insights on growth & opportunity in the Middle East.