A third of EU spending on facilities such as quays, docks and breakwaters at EU seaports between 2000 and 2013 was ineffective and unsustainable, according to a new report from the European Court of Auditors. One euro in three spent on the projects examined (€194 million) went on projects which duplicated existing facilities nearby. €97 million was invested in infrastructure which was either unused or heavily underused for more than three years after completion.
USD 40 million investments will enable safer, more reliable service for the largest ships on the trans-Pacific trade routes.
Termont Goes Live with N4 Terminal Operating System
- Container traffic up by 29% and general cargo volume increased by 10% compared with the same period in 2015.
- Prime location makes port an ideal transshipment hub on competitive Asia/Europe trade lane.
The North of England’s four main ports will today agree a new partnership to create jobs, boost exports and prosperity across the whole of the North of England.
Jan De Nul NV is part of a consortium that is responsible for the expansion of the port of Kingston. In 25 months the access channel and the port basin will be deepened, and the berths on the existing quay walls will be reinforced and renovated. Hence, the port will be able to provide access to larger container vessels , which will find their way to the region more easily thanks to the expansion of the lock complex in the Panama Canal.
The port of Antwerp and the port of San Pedro in Côte d’Ivoire are to collaborate over the next few years to manage further expansion of this West African entrepot. San Pedro, the leading cacao port in the world, aims to develop at regional level so as to become a logistics hotspot for handling commodities such as fertilisers, cashew nuts and cacao, among other things. To achieve this ambition, work will start next year on construction of a logistics platform under the name of “San Pedro Logistique.” Part of the capital cost will be financed by Port of Antwerp International (PAI), the consultancy and investment subsidiary of Antwerp Port Authority. While PAI has already been active in West Africa for many years now, this will be the first time it has made a financial investment in the region.