This article was published in the November 2010 issue of World Port Development. To receive a pdf of the article in its original format including charts and pictures please send an email to archive@worldportdevelopment.com

The Port of Veracruz expansion project

The Port of Veracruz has big plans to expand its efficiency and productivity, which will take about 15-20 years to complete, and will require investments of over USD1.2 billion. Gordon Feller explains...

The Port of Veracruz, located on the Mexican Gulf Coast, is one of the busiest ports on the Atlantic coast and is currently undergoing an ambitious expansion project in order to be prepared to handle the increasing demand that is expected over the next decades. The Port has been in operation for over 100 years and is the most important port in Mexico, located only 245 miles from Mexico City.

This article was published in the November 2010 issue of World Port Development. To receive a pdf of the article in its original format including charts and pictures please send an email to archive@worldportdevelopment.com

The Port of Veracruz expansion project

The Port of Veracruz has big plans to expand its efficiency and productivity, which will take about 15-20 years to complete, and will require investments of over USD1.2 billion. Gordon Feller explains...

The Port of Veracruz, located on the Mexican Gulf Coast, is one of the busiest ports on the Atlantic coast and is currently undergoing an ambitious expansion project in order to be prepared to handle the increasing demand that is expected over the next decades.

A service level agreement has been signed between Prince Rupert Port Authority, terminal operator Maher Terminals and intermodal operator Canadian National to improve the handling of containers through the Canadian Pacific gateway port. The agreement includes customer service measures, performance targets and key performance indicators for the port’s customers.

Rizhao Port, one of the largest iron ore port operators in northern China, has seen a decrease of 11.9% in net profits in the third quarter this year to Yuan92m (USD13.5 million) compared with Yuan105m in the same quarter in 2009.

The UK Government has cancelled a £30 billion (USD48 billion) tidal energy barrage on the River Severn to the relief of Bristol Port Company (BPC). Environmentalist were in favour of the 10 mile barrage, stretching from Somerset to south Wales, as it would produce up to 5% of the UK’s energy.

Terminal operator DP World has revealed it has USD3 billion available to fund its expansion plans but does not rule out to go to the financial market to receive funds. “We have USD3 bilionn worth of liquidity ready, but that does not mean that we don’t study for after 2012,” said Mohammed Sharaf, Chief Executive DP World.

Red Sea Gateway Terminal, the fully automated container facility, at Saudi Arabia’s Jeddah Islamic Port has taken delivery of two ship-to-shore container cranes, bringing the total number of container cranes to 10. Deploying the new equipment is part of its expansion plans to increase container capacity to around 2 million TEU per year.

This article was published in the November 2010 issue of World Port Development. To receive a pdf of the article in its original format including charts and pictures please send an email to archive@worldportdevelopment.com

Kim Fejfer, CEO of APM Terminals provides an insight into the planned 50% acquisition of a new terminal in Santos, Brazil.

Subject to regulatory approval APM Terminals will acquire 50% of the shares in Brasil Terminal Portuario (BTP), a new container terminal being built in Santos, Brazil.  

This article was published in the October 2010 issue of World Port Development. To receive a pdf of the article in its original format including charts and pictures please send an email to archive@worldportdevelopment.com

Right tools for the job

Dredging contractors around the globe continue to invest huge sums of money in new, more powerful dredgers for their fleet in order to meet the demand from port authorities as World Port Development reports.

As we have seen in our Top 100 Container Ports Supplement (published last month) the ranking of various ports dropped considerably due to declining container throughput figures as a result of the global economic downturn that affected many ports and terminals.

This article was published in the October 2010 issue of World Port Development. To receive a pdf of the article in its original format including charts and pictures please send an email to archive@worldportdevelopment.com

Quick storage industry rebounds from black eye

For an industry supposedly struggling to recover from a troubling black eye given through building collapses, the quick storage warehousing business has still had a remarkable year as Ray Dykes reports...

Despite the international swirl of news around the collapse of three Cover-All Building Systems Inc structures in North America in recent years, which drove a market leader into bankruptcy protection and eventual sale earlier this year, segments of the industry have had record or best years in recent memory.