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.

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.

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.