Search results for: developing

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  • 24 April 2015
    Business & Finance

    The Board of Directors for the Cleveland-Cuyahoga County Port Authority met this week and approved a series of critical investments ($7.9 million, funded fully through grants and forgivable loans) in its docks and maritime capacity that will better position the Port with shippers and operate in a more green, efficient manner. “Business at the Port is as […]

  • 13 January 2016
    Authorities & Government, Business & Finance

    The Development Bank of Japan (DBJ) and Japan Wind Development (JWD) are planning to establish a JPY 50 billion (USD 423 million) fund to finance large-scale wind power generation projects, DBJ said in a statement. The fund, provisionally named Japan Wind Development Co., Ltd., is a 50:50 joint venture between DBJ and JWD, and it will […]

  • 19 October 2015
    Business & Finance

    The Northern Territory Environment Protection Authority (NT EPA) has considered the Port Melville development project and decided that no further assessment is required under the Environmental Assessment Act. Chair of the NT EPA, Bill Freeland, said that the determination comes after a detailed consideration of the port components, including those yet to be constructed in […]

  • 21 October 2015
    Business & Finance

    At the annual Brunswick State of the Port event Tuesday, Georgia Ports Authority Executive Director, Curtis Foltz, discussed an ambitious capital improvement plan for Brunswick terminals. “In order to ensure efficient processing of cargo, our capacity must remain higher than current demand,” Foltz said. “To that end, we will be improving Brunswick facilities serving each […]

  • 17 October 2016

    Sevan Drilling, an Oslo-listed drilling contractor, has decided to delay the delivery of the Sevan Developer drilling rig once again. The handover of the rig, which was originally scheduled for delivery in 2014, has now been postponed to April 15, 2017. This means Sevan Drilling Ltd and China’s rig builder Cosco have agreed to exercise the […]

  • 18 May 2015
    Business & Finance, Equipment, Technology

    The Georgia Ports Authority board has approved $141.8 million in capital improvements with passage of its fiscal year 2016 budget. To upgrade existing assets, the board allocated $33.4 million to improve power infrastructure for cranes, paving, increased rail capacity and other terminal improvements at the ports of Savannah and Brunswick. Another $83.4 million will go […]

  • 18 November 2016

    Following Japan s 2011 Fukushima disaster, the German government decided to move away from largely nuclear power and carbon-based energy toward clean renewables such as wind, solar, biomass and hydropower. Offshore wind energy will play a great role in this transition. Last year alone Germany connected 2,282.4MW of new offshore wind power capacity representing 75.4 […]

  • 7 August 2019
    Business & Finance

    Aberdeen-based floating production solutions specialist Amplus Energy Services has been awarded a multi-million-dollar contract to re-evaluate the development of marginal fields in Angola.

  • 6 May 2013
    Business & Finance

    The American Association of Port Authorities’ (AAPA) 2013 Maritime Economic Development Workshop to be held in Chicago, June 27-28, will explore the factors driving today’s investments in seaport and related infrastructure. Program speakers will analyze the risks and rewards for undertaking such investments, reveal how capital improvements propel business development decisions, and discuss what influences […]

  • 26 April 2005

    Bids for dredging to deepen the Columbia River shipping channel are running higher than predicted, with the lowest coming in 69 percent above government estimates. The U.S. Army Corps of Engineers had hoped to save money by contracting out the job of deepening the first 25 miles of the 103-mile stretch by three feet and […]

  • 28 June 2016
    Business & Finance

    The Asian Development Bank (ADB) and Sumitomo Mitsui Banking Corporation (SMBC) have signed an agreement to provide the co-advisory services to the East Container Terminal (ECT) of Colombo Port in Sri Lanka. SMBC will join ADB’s ongoing advisory services for ECT as co-adviser in relation to preparing, structuring and procuring the $500 million project, which […]

  • 18 March 2020
    Business & Finance, Project & Tenders

    S.C. Ports Authority (SCPA) announced yesterday that construction work on the Hugh K. Leatherman Terminal’s new wharf is about 80% complete as construction progresses on Phase One of the new container terminal. The country’s newest container terminal, the Hugh K. Leatherman Terminal , is on track to open in March 2021 as construction advances in early 2020. […]

  • 21 December 2018
    Business & Finance

    The Government of Canada is continuing its investments to renew the network of small craft harbors around the country. The Minister of Fisheries, Oceans, and the Canadian Coast Guard, Jonathan Wilkinson, announced recently that Bronte Construction of Oakville, Ontario, has been awarded a $26.3 million contract to restore the Port Dalhousie piers. “We have been working […]

  • 6 March 2018
    Business & Finance, Project & Tenders

    Grand Port Maritime de Dunkerque (GPMD) recently closed the public comment period for its proposed CAP 2020 development project. According to the port, during the three months of informative and in-depth discussions, Dunkerque-Port presented its plans for a new container dock, a major project for the economy of the region and the Dunkirk area. “Dunkerque-Port attended […]

  • 24 August 2018
    Business & Finance

    The Republic of Maldives’ President, Abdulla Yameen Abdul Gayoom, has inaugurated the new harbor in Nolhivaranfaru Island, South Thiladummadulu Atoll. During the ceremony the President unveiled the monuments placed to inaugurate the island’s new harbor. The Nolhivaranfaru Island’s harbor is 700 feet long and 250 feet wide. During this visit, the President also attended the […]

  • 4 September 2018
    Business & Finance

    Port of Townsville said in its latest release that Australian Prime Minister, Scott Morrison, announced today a $75 million funding contribution towards the Townsville Channel Capacity Upgrade; meaning that the works can now get underway. The $193 million project involves widening of the shipping channels to accommodate larger ships and is the vital first stage […]

  • 20 October 2016
    Business & Finance

    Terminal Portuario Guayaquil (TPG), port operated by SAAM since 2006, began one of its most important projects in recent years, the extension of its dock by 120 meters. The works will increase the dock from its current 360 meters to 480 meters. In addition to the extension, the terminal is expanding its support areas and […]

  • 25 January 2016
    Business & Finance

    The Georgia Ports Authority achieved record container volumes in 2015, Executive Director Curtis Foltz reported to the GPA board today. Over the last calendar year, the Port of Savannah moved an all-time high 3.73 million twenty-foot equivalent container units, an increase of 391,356 TEUs, or 11.7 percent compared to CY2014. “The expansion was fueled in […]

  • 18 December 2017
    Project & Tenders, Vessels

    China Development Bank’s units have signed a memorandum of understanding to purchase and lease back two 162,000 cubic meter LNG carriers. 

  • 23 February 2017
    Business & Finance, Project & Tenders

    A ‘Port Master Plan’ for Cowes, that aims to address harbor and marine stakeholder development issues, is being proposed by Cowes Harbor Commission (CHC) and major stakeholders following extensive consultation. The Commission’s objective proposes the agreement of a: “Port Master Plan that identifies current and long-term growth strategies to future-proof the port’s infrastructure and services […]

  • 14 November 2017
    Business & Finance

    China’s COSCO SHIPPING Development is to merge its subsidiaries CS Finance and COSCO Finance as it received an approval for the move from its Board of Directors on November 13. Pursuant to the approval, the company said that CS Finance will absorb and merge with COSCO Finance. Upon completion, CS Finance will continue as the surviving company […]

  • 29 May 2017
    Business & Finance, Project & Tenders

    A detailed business case for the upcoming Channel Capacity Upgrade, which is Stage 1 of the $1.64 billion Townsville Port Expansion Project, has been prepared for consideration by the Queensland Government. The business case delivers on the first major commitment under the Port City initiative of the Townsville City Deal, and a summary of the […]