Construction Date Set for Bi-Oceanic Corridor Breakbulk Staff | Tue, 12/20/2011 - 03:18
Breakbulk Online - News Story
Chile and Argentina next year will start building the Aconcagua Bi-Oceanic Corridor, a 52-kilometer tunnel linking Los Andes, Chile, and Mendoza, Argentina.
The US$4 billion project is a system of high-tech railroad integration with a high cargo capacity, linking the Atlantic and Pacific oceans and connecting main cities and the major industrial and trade centers of both South American countries. It is an international development headed by Argentine company Corporation America. Construction is expected to start by December 2012.
“The facility will foster port activity and multiply trans-border communication four-fold, easing traffic at the Los Libertadores passage,” Raul Celis, governor of the region whose capital is 120 kilometers northwest of Santiago, told La Nacion Daily. The Bioceánico Aconcagua Corridor project arises as an alternative and improved solution to the Cr…
Bruce Barnard | Dec 26, 2011 5:00AM GMT The Journal of Commerce Magazine - News Story
Soren Skou, a 30-year veteran of the company, is well-placed to take over after Eivind Kolding’s sudden departure
Maersk Line is closing 2011 much as it started the year, lobbing another bombshell onto a container shipping business engulfed by tumbling freight rates and soaring losses over the past 12 months. Søren Skou has been appointed new CEO of Maersk Line with effect from 16 January 2012. Søren Skou was previously CEO of Maersk Tankers and replaces Eivind Kolding who is leaving Maersk Line to become Chairman of the Executive Board of Danske Bank.
”Under Eivind Kolding’s skilled leadership, Maersk Line has undergone an impressive turnaround. Its competitiveness has improved significantly and at the same time, Maersk Line has set new standards for the industry with regards to environment and reliability.
Furthermore, Maersk Line has gotten a much stronger focus on the c…
The 1,046-foot Seletar called on the Nhava Sheva International Container Terminal, a DP World facility, this week.
Built in 2007, the Singapore-flag ship weighs 85,250 tons and has a nominal capacity of 6,478 20-foot equivalent units.
“Maersk Line's decision to bring the Maersk Seletar to DP World Nhava Sheva reflects the confidence of the global shipping lines in the capabilities and performance we have demonstrated at the JN Port," NSICT said.
Nhava Sheva has three terminals, including the state-owned Jawaharlal Nehru Container Terminal and the Gateway Terminals operated by APM Terminals.
The port authority in September awarded PSA International a $1.5 billion contract to build a fourth container terminal at the West Coast hub.