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Port Finance International
Rio 2017

21 – 22 June 2017,
Rio de Janeiro

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Technology / Design Solutions

IT specialist Solvo has signed a contract with the operator-developer of Russia’s massive Bronka port project, Fenix, to implement its Solvo.TOS terminal operating system at the site.

Ireland-based manufacturer Liebherr Container Cranes is to deliver four ship-to-shore (STS) container cranes to Australian logistics firm Patrick Stevedores.

The Port of Antwerp is preparing to receive four giant gates for its planned Deurganck lock as part of the final stages of construction work designed to deepen access to the port for the next generation of super vessels.

German equipment manufacturer Liebherr has launched the LHM 800, its new flagship mobile harbour crane.

Environmental scientists have added opposition to the planned $50 billion Nicaragua canal project this week with the publication of a paper that claims the development will irreparably damage ecosystems and cause “significant environmental and social impairments”.


“Of particular concern are: damage to Lake Cocibolca, a unique freshwater tropical lake and Central America’s main freshwater reservoir; damage to regional biodiversity and ecosystems; and socio-economic impacts,” Pedro Alvarez, one of the 21 co-signed authors of the paper published by the American Chemical Society.

Construction on the 278 km canal started in January this year with backing from the government but opponents have decried the fact that the concession was awarded without a bidding process or any feasibility, socio-economic or environmental impact assessments.

"Invasive species brought by transoceanic ships, which could threaten the extinction of aquatic plants and fish, such as the cichlids that have been evolving since the lake's formation,"  Alvarez cautioned, discussing the potential damage to Lake Cocibolca.

The canal is expected to be completed by 2019 and accommodate an estimated 5,100 ships per year.

Panama exec claims investment is ‘unfeasible’

The chief executive of the rival Panama also claimed that the project was not a “feasible investment from a private investment standpoint”, questioning the true role that the Chinese government had in backing the project.

The project is under development by Hong Kong Nicaragua Canal Development Investment Company (HKND) but details of the holding company’s financial backers have not been made public.

The construction process will involve the removal of around 549 million cubic metres of material in order to make way for the latest Ultra Large Container Vessels (ULCV) with loads of as much as 23,000 TEU.

Containerised power technology is set transform port based shipping operations in future, according to developer Schneider Electric.

Software developer Wynyard Group has deployed its risk management solution at the Red Sea Gateway Terminal (RSGT) in Saudi Arabia.

Port developer Fenix LLC has placed orders for two Kone SMV 4545ТCX5 reach-stackers for its Multifunctional Sea Cargo Complex (MSCC) Bronka port project in Russia.

Japanese firm Mitsui Engineering & Shipbuilding is to deliver 29 cranes to Malaysia's Port Klang, as part of wide ranging expansion at the port.

Shipping line CMA CGM has expanded capacity on its South American routes with the addition of the 10,622 TEU CMA CGM TIGRIS to its SEAS2 service.

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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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