Africa
Port Expansion Feasibility Study Needed for Port Victoria, Seychelles
The existing quay of Port Victoria, the main port of the Seychelles and the only port that can handle the import and export of goods for the country, is in need of urgent repair work. The port is facing congestion due to the high demand for the limited berthing space available. Due to these issues,
Top News – May 26 to June 1, 2014
DEME: Solid Order Book Since the beginning of 2014, DEME managed to maintain its order book at a fairly high level of about 3.0 billion EUR thanks to new orders, well spread worldwide across dredging, energy related and environmental activities. Panama Canal Expansion Update – May 2014 (VIDEO) The
Russia, Tunisia Discuss Business Cooperation
Within the Russian-Tunisian Business Council in Tunisia passed Rossiysko’s fifth meeting – the Tunisian intergovernmental commission on trade and economic and scientific and technical cooperation. During a meeting between the governments, the ministries and joint bodies of both countries a number of
U.S. Commerce Secretary Ends Africa Trade Mission
U.S. Secretary of Commerce Penny Pritzker wrapped up her trade mission to Africa with a stop in Ethiopia that focused on AGOA renewal. AGOA, the U.S. African Growth and Opportunity Act, “is one critical tool to continue deepening trade and investment ties between the U.S. and Africa,” the Commerce D
Ghana: President Inspects Takoradi Port Expansion
The President of Ghana, John Dramani Mahama, recently paid a brief working visit to the Takoradi Port to acquaint himself with the progress of the expansion works after cutting the sod late last year. The Director-General of the Ghana Ports and Harbours Authority (GPHA), Mr. Richard A. Y. Anamoo, ho
New 311F LRR Excavator from Caterpillar
Caterpillar has introduced its new Cat® 311F LRR excavator. Powered with a 52-kW (ISO 9249) Cat C3.4B engine that meets EU Stage IIIB emissions standards, the new excavator features a reduced radius that limits over-the-side tail swing to just 508 mm, making it ideal for space-restricted job sites.
Egypt: Suez Canal Revenues on the Rise, Official Says
Suez Canal yesterday achieved a record in the number of vessels and the cargo passing through it, Suez Canal Authority Chairman Mohab Mamish said. In statements to Al-Tahrir TV channel, Mamish said revenues of Suez Canal are on the rise, asserting that security levels at the water course were beefed
APM Terminals JV Launches New Chapter in Angolan Ports
Sociedade Gestora de Terminais S.A. (Sogester), an APM Terminals joint venture in Angola, has signed a 20 year concession to operate, maintain and develop the Port of Namibe, Angola, which serves the hinterland from Namibe to Menongue and through the city of Lubango. Sogester, the leading operator i
Top News – May 19 to 25, 2014
Israel: NGOs Urge Jan De Nul to Abandon Haifa and Ashdod Projects A group of Palestinian and international NGOs have urged the Jan De Nul Group to pull out of a project to build port facilities in Israel, citing concerns about Israel’s continued human rights violations. DEMA: Dredging Could Devast
DEME: Solid Order Book
Since the beginning of 2014, DEME managed to maintain its order book at a fairly high level of about 3.0 billion EUR thanks to new orders, well spread worldwide across dredging, energy related and environmental activities. The total value of these new orders represents approximately 660 million EUR.
WASSP WMB-3250 Independent Report Released
WASSP Ltd, a leading multi-beam manufacturer, has announced the release of an independent report on their WMB-3250 Multibeam Sonar. Based in New Zealand, WASSP Ltd have been supplying its Multibeam systems globally since 2007 and have over 700 systems being used in the commercial fishing industry an
APM Terminals Posts Strong Results
APM Terminals’ focus on delivering competitive solutions in the market translated into strong first quarter performance. The company announced a profit of USD 215m (USD 166m). ROIC was 14.0% (12.0%). Profit, excluding divestment gains and impairment losses, was USD 217m (USD 161m). Container volumes