Rotterdam Port Authority applauds ExxonMobil’s investment

ExxonMobil’s investment in its refinery in the Botlek demonstrates a high level of confidence in the oil sector in Rotterdam. The Port Authority stresses the importance of the refining and petrochemical industry in the port and in the region. “We foster the existing industry in our port. The refining and petrochemical industry form an essential …
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Author: hellenicshippingnews

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Port PPP document needs refinement

India’s 12 state-owned ports and private investors have for long felt the model concession agreement being used to construct cargo handling projects with private funds needs refinement to make it attractive for private investments. A concession agreement is a document that sets out the terms and conditions of a port contact. The issue has now …
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Spanish ports handled 8.5 million tonnes of fruit and veg in 2014

Puertos del Estado, together with 15 Port Authorities (Bay of Algeciras, Bilbao, Bay of Cadiz, Cartagena, Castellón, Ferrol-San Cibrao, Gijon, Huelva, Malaga, Pontevedra-Marín, Motril, Seville, Tarragona, Valencia and Vigo), is attending the International Fair Fruit Attraction 2015 at the stand Ports of Spain (Hall 10, stand E09). Puertos del Estado has organised a conference under …
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New examination facilities put Felixstowe ahead

A new ambient-temperature food examination facility has been formally opened at the Port of Felixstowe, the Port of Britain, by Transport Minister, Robert Goodwill MP. The £4 million investment included a major refurbishment and expansion of the examination facilities and the provision of new offices for Suffolk Coastal Port Health Authority. Commenting on the new …
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PPA projects recognised at two prestigious award ceremonies

It has been an outstanding week for Pilbara Ports Authority (PPA), with two of its industry-leading projects recognised at individual award ceremonies in Western Australia this week. PPA was awarded the prestigious Western Australian Premier’s Award for its ground-breaking Tidal Model Project in the Developing the Economy category on Wednesday, 28 October 2015. The category …
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M V. Maersk Serangoon V.1510 becomes the longest ship to call at Chennai Port

Maersk Line India has added another feather to its cap by berthing   M.V. Maersk Serangoon V.1510 at Chennai port, making it the longest vessel to call on Chennai port. Commenting on this development, Mr. Franck Dedenis, Managing Director for Maersk (India and Sri Lanka) said, “The berthing of   MV. Maersk Serangoon V.1510 at Chennai …
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Author: hellenicshippingnews

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Shanghai Port logs first quarterly profit fall in over a year

Shanghai International Port Group Co Ltd, the operator of the world’s busiest container port, reported its first fall in quarterly net profit in over a year, providing evidence of China’s economic slowdown. China, the world’s second largest economy, grew 6.9 percent in the third quarter, dipping below 7 percent for the first time since the …
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HPH Trust kept at ‘Neutral’ by Drewry due to ‘unsustainable’ margins

Hutchison Port Holdings Trust prowess at managing its costs may have produced a strong set of 3Q15 results, but Drewry Maritime Equity Research is keeping its “Neutral” ranking on the stock because current margins are unsustainable. The research house says in an Oct 27 report that HPH Trust’s management kept cost inflation to 0.6% y-o-y …
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