Latest news from Heavy Lift & Project Forwarding International Magazine

Private investment surge for Brazilian ports

May 21 - According to international reports, port infrastructure in Brazil is set for significant development following president Dilma Rousseff winning congressional support for a plan to attract an estimated USD27 billion of investment from the private

The Brazilian Association of Infrastructure and Basic Industries welcomed the approval, hoping that investment in Brazil's lacking port infrastructure will reduce congestion and improve efficiency and in turn lead to more robust growth of the country's economy.
 
Notably the bill reduces restrictions on privately owned terminals and allows for said terminals to handle third-party goods, as well as supposedly reducing red-tape surrounding the employment of workers - a move that should hopefully trigger widespread private sector investment.
 
Brazil's economy grew 0.9 percent in 2012 and 2.7 percent in 2011 - markedly slower than its other BRIC counterparts. The country's ageing port infrastructure - which is ranked 135th out of 144 countries according to the World Economic Forums' Global Competitiveness report - is a key reason for the declining growth rate.
 
However, the bill has yet to be ratified and parts of the agreement may be subject to veto.

 

The Port of Santos - Brazil's busiest port

Heavy Lift | News

Marine insurance: Reducing costs and capacity thumbnail image

Marine insurance: Reducing costs and capacity

September 19 - Marine insurance providers are commoditising their products in order to reduce costs. The result, according to the International Union of Marine Insurance (IUMI), is a loss of expertise.
Views: 171
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 347
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 408
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 371

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