The alliance between the port of Savannah, Georgia, was consolidated with the signing of an agreement that involves the expansion of the port to improve services and generate new economic opportunities for the port area and the United States generally.
In a statement, the Savannah Port Authority reported that the agreement, which was renewed in 2011 and was first signed in 2003, includes mainly the port expansion and development of areas of joint cooperation, data [...]
For the first time in the history of Latin America two urban man made islands took form in Panama thanks to the ingenuity of man and the amazing advances in technology.
The project Punta Pacifica Islands (Ocean Reef Islands) located in Panama Bay is an ambitious project for Grupo Los Pueblos that is becoming reality due to the cooperation with, and knowhow of the Dutch companies Royal Boskalis Westminster N.V and Delft Hydraulics.
The total [...]
The year 2012 was difficult for the shipping industry due to the international crisis, which caused the world economy to grow by only 3.2% overall, 3.8% less than it had recorded in 2011.
Emerging economies such as Russia, India and Brazil saw their growth decrease significantly, and that brought consequences in demand for shipping. While there was an increase of 7% last year, this indicator was slightly lower than in the preceding year (7.7%).
Greek shipping companies increased vessel acquisitions to 74 (from 39 last year) which represents a 90% rise in the first quarter of 2013 compared to Q1 last year according to an official study.
Greek businesses bought 533% more container ships, 88% more bulk carriers and 18% more tankers.
The Greeks bought 28% of the dry bulk cargo ships and 17% of tankers that changed hands worldwide. The international total was 345 for Q1.
The Greeks [...]
The expansion and modernization of the new container terminal at the port of La Guaira, Venezuela is 40% complete, and is within the time period, it has been reported by the President of Bolivarian Ports (Bolipuertos), Elsa Gutierrez Graffe.
During her tenure this project started in December 2011 under an agreement with the Portuguese company Teixeira Duarte and with the advising of the company Ports Alba.
Currently it has a timely schedule, as established from [...]
Start of construction on the new mega container port of Moin in Costa Rica will be advanced.
It is now estimated for September, not October as was planned.
The progress is faster than expected, which leads the Danish firm APM Terminals to start a month earlier.
The studies are well advanced and financing has never been a problem, said Rogelio Douglas, manager in charge of the work for APM Terminals.
The port company billed [...]
The Governor of Colima, Mexico, Mario Anguiano Moreno said technical opinions on the new rail tunnel project of Manzanillo had been concluded.
The governor showed his confidence in the study team of the project and that has the capabilities to provide answers for the development of the project.
He mentioned this project along with several others, as part of the commitments of Mexican President, Enrique Peña Nieto, with Colima, where the state authority will provide [...]
The port operator Hutchison Port Holdings (HPH) announced the acquisition of two new cranes for the Multipurpose Terminal at the port of Lazaro Cardenas, Michoacan State, Mexico.
The operator seeks to provide high efficiency and operational capacity in this port.
In a statement, the Asian firm reported that the acquisition of this new equipment represents an investment of more than $15 million.
The cranes are of the Mobile Harbour Crane type, the largest in their [...]