The port of Huelva, Spain, plans to invest EUR 113 mln in 2019 to improve its infrastructure. According to the port’s press service, the Board of Directors of the Port Authority of Huelva at its session in late December approved the 2019 business plan, which specifies the commitment to economic diversification, new cargoes and a […]
Cosco-managed Piraeus Port Authority (PPA) urges the Greek government to speed up the approval of the investment plan aimed at attracting more business to Greece’s largest port, informs Reuters. The news agency quotes Captain Fu Chengqiu, PPA CEO, saying last Friday: “I am ready with cash and will wait until the end of this year. […]
Following the recently announced extension of Noatum’s container terminal concession in Valencia, there comes the news of the company’s intention to invest EUR 26.5 mln into the terminal’s expansion, writes the Spanish daily Las Provincias. In late July, the Port Authority of Valencia (APV, La Autoridad Portuaria de Valencia) announced in the State’s Official Bulletin […]
The Port of Vancouver has announced the allocation of CAD 167 mln (USD 125 mln) by the federal government for three projects aimed to improve the port’s rail infrastructure and reduce traffic congestion. Combined with CAD 55.8 mln (USD 42 mln) announced last month for four other critical infrastructure projects in the region, this brings […]
Indonesia strives to challenge Singapore’s dominance in the region with a number of own port projects, aiming to become a new global transhipment hub on China’s maritime Silk Road, writes Nikkei Asian Review. After taking office in October 2014, Indonesian President Joko Widodo endorsed the five-year plan worth 700 trillion rupiah (USD 50.6 bln) to develop the maritime […]
The European Investment Bank (EIB) announced yesterday its support of the port development projects of Marseille Fos by allocating EUR 50 mln (USD 57.6). The partnership agreement was signed by Christine Cabau Woehrel, CEO of Marseille Fos Port Authority, and Ambroise Fayolle, EIB Vice President, upon their visit to Darse 2, the junction of the […]
Japanese government plans to invest in port development in three Indian Ocean nations — Myanmar, Sri Lanka and Bangladesh — as part of Prime Minister Shinzo Abe’s “free and open Indo-Pacific strategy”, informs The Jakarta Post. The project aims at securing the sea lanes linking Asia and Africa via the Middle East. The three sites […]
A brand new service of three sailings a week between Belgium and Hull was announced yesterday by the UK’s leading port operator Associated British Ports (ABP). This service expansion is one of the results of significant investment in the Humber Container Terminals. The new Ghent to Hull connection is expected to bring an extra 30,000 […]
The Philippine Ports Authority (PPA) will be accelerating the implementation of port infrastructure projects nationwide, with the revenues showing a robust growth in the first quarter of 2018, the Philippine News Agency informs. The PPA revenues reached PHP 3.78 bln (USD 72 mln) in Q1 2018, which is 9% higher than the PHP 3.48 bln […]
An automobile terminal will be constructed at the port of Mobile, USA, after the Alabama State Port Authority was awarded a Transportation Investment Generating Economic Recovery (TIGER) grant of USD 12.7 mln from the US Department of Transportation (DOT). The Port Authority has been elaborating on the plans to convert an abandoned bulk handling facility […]
