China to invest billions in Brazilian Port
China will make a billion-dollar investment in the Brazilian port of Sao Luis via China Communications Construction Company, two sources with direct knowledge of the matter said on Wednesday.Speaking on condition of anonymity, the sources said the announcement will be made at the summit of leaders of Brazil, Russia, India, China and South Africa, the so-called BRICS group of emerging nations, who are meeting in the Brazilian capital for a two-day summit.The deal will be part of the largest foreign direct investment into Brazil this year…
Chinese Consortium Bags USD 1.4bln Panama Bridge Project
The government of Panama gave a US$1.4 billion contract to build a bridge over the Panama Canal to Panama Cuarto Puente, a Chinese consortium.Panama Cuarto Puente consortium or so-called Panama Fourth Bridge Consortium, composed of China Communications Construction Company (CCCC) and its unit China Harbour Engineering Company (CHEC), will design and build a bridge over the Panama Canal.According to a report in Reuters, the 6.5-km (4-mile) bridge will have six car lanes and a two-way metro line.
Kenya Plans More Cargo Train to De-congest Mombasa Port
The standard gauge rail (SGR) freight service will increase the number of daily trains on the Mombasa-Nairobi route in the next five months to facilitate faster movement of cargo between the port and the inland container depot (ICD) in Embakasi, reported the Nation. The report quoted China Communications Construction Company chairman, Lu Shan, as saying that the trains will have increased to 28 by December. He added that currently, they are operating 12 freight trains on a daily basis.
Trelleborg Partners with CCCC Third Harbor Consultants
Trelleborg’s marine systems operation has signed a memorandum of understanding (MoU) with Third Harbor Consultants Company (THCC), one of China’s largest survey and design institutions in transportation and port engineering, and subsidiary of the state-owned China Communications Construction Company (CCCC). The MoU was confirmed during a signing ceremony at Hotel Wanda Reign on the Bund, Shanghai (November 6). The joint collaboration will see the co-authoring of mooring and infrastructure…
Kipevu Oil Terminal to Be Relocated
The Kipevu Oil Terminal at Mombasa Port will be relocated early next year, to Dongo Kundu area, as a result of the ongoing capacity expansion program, the Kenya Ports Authority announced. The new oil terminal is expected to have a capacity to accommodate four vessels of up to 200,000 DWT. The project also involves building new cargo handling facilities with both subsea and land based pipelines and four berths capable of loading/discharging crude oil, HFO, DPK-aviation, AGO-Diesel and PMS-Petrol.
Kipevu Oil Terminal at Mombasa Port to Relocate
Kenya Ports Authority annoucend: Kipevu Oil Terminal at Mombasa Port will be relocated early next year, to Dongo Kundu area, as a result of the ongoing capacity expansion programme. New, upgraded modern oil terminal is expected to have a capacity to accommodate four vessels of up to 200 000 DWT. The project also involves building new cargo handling facilities with both, subsea and land based pipelines and four berths capable of loading/discharging crude oil, HFO, DPK-aviation, AGO-Diesel and PMS-Petrol.
CCCC May Build Terminal in Sydney Harbour
China Communications Construction Co. Ltd (CCCC). has agreed to build a highly automated container terminal in Sydney Harbour, depending on the results of a feasibility study to be conducted next year. Albert Barbusci, CEO of Harbor Port Development Partners (HDP), said that his company, which has the exclusive right to market the port of Sydney, has signed a deal with China Communications Construction Company related to the design, construction and ownership of a deep-water container terminal in Sydney. It’s expected the multi-year development of the port will cost more than $1 billion.
Leighton to Sell John Holland
Leighton Holdings today announced it had entered a binding agreement for the sale of John Holland to CCCC International Holding Limited (CCCI). CCCI is a wholly-owned subsidiary of China Communications Construction Company (CCCC), the fourth largest construction company in the world by revenue1 . CCCC has a market capitalisation of approximately A$23.5 billion and is listed on the Hong Kong and Shanghai stock exchanges. CCCI will purchase John Holland for an enterprise valuation of approximately A$1.15 billion subject to certain adjustments.
American Club Elects First China Director
Members of the American P&I Club have elected the first director to come from The People’s Republic of China (PRC). At the annual meeting in New York, Lianyu Zhu of CCCC International Shipping Corporation, Tianjin, was elected to the board for the forthcoming year. Mr. Zhu’s company is a subsidiary of China Communications Construction Company, a major state-owned enterprise (SOE) which is, among other things, the largest port construction and design company in the PRC. The election highlights the American Club’s continuing growth in China in particular and Asia in general…
TBS International's Second New Tweendecker
TBS International plc (NASDAQ: TBSI) announced that it has taken delivery of the newbuild vessel M/V Dakota Princess from China Communications Construction Company Ltd/ Nantong Yahua Shipbuilding Group Co., Ltd on March 26, 2010.The M/V Dakota Princess is the second of a series of six TBS-designed Roymar Class 34,000 dwt multipurpose tweendecker vessels that the company had ordered for a purchase price of $35.4m per vessel. Of the remaining four vessels, the company expects to take delivery of two vessels in 2010 and two in 2011.