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Downstream oil firm Puma Energy has announced the opening of the world’s largest conventional buoy mooring system (CBM) at its Luanda Bay port project in Angola as part of on-going expansion that aims to double or even triple capacity at the site.

The Chinese-run Gwadar Port in Pakistan has been given a 23-year tax exemption by the government’s Economic Coordination Committee (ECC) in a bid to stimulate further growth at the hub and ease the country's mounting energy crisis.

Construction of a new deepwater berth at the Port of Cromarty Firth and reclamation of nine acres of surrounding seabed has started as part of a £24 million development at the site in the north of Scotland.

Lerwick Port Authority has announced investment of £11.95 million to lengthen the quay at Lerwick Harbour in the Shetland Islands to 130 metres.

Mining firm Queensland Bauxite has signed an agreement with the Far North Queensland Ports Corporation (FNQPC) to secure capacity at the Port of Mourilyan for output from its planned South Johnstone mine.

State-owned Polish energy developer PERN Przyjazn expects that construction of its new crude oil terminal in the Baltic port of Gdańsk could be complete as early as the start of next year.

Indian conglomerate Sanghi Industries Limited is to invest $16.2 million to develop its facilities at Port of Navlakhi in Gujarat State, the Economic Times reports.

The Port of Tyne in the North East of England will see construction begin on a £25 million upgrade project later this month.

The Russian container port of Vladivostok (OJSC) is set to see volumes rise to over 600,000 TEUs in 2015 after hitting a record level of 500,000 TEU in December this year.

The Port of Bremen in Germany is set to receive a grant of €2.5 million for studies and pilot construction of a liquefied natural gas (LNG) terminal from the European Union. The funding is being supplied under the TEN-T programme which is focused on the construction and upgrade of transport infrastructure across the European Union.

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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