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The Dubai Port World's new reforms for foreign direct investments in shipping ports and mergers are discussed. Fillings for port investments have increased by 73 percent in 2006 due to these reforms.

Hong Kong-based Hutchison Port Holdings is stepping up efforts to acquire state-owned ports and develop new ones. During 1996, the port operator has secured a management contract for the port of Mombasa, Kenya, acquired Panamanian port of Balboa and Cristobal and agreed to the joint ownership and development of Xiamen, China's port of Haicang. Hutchison was also contracted to develop the Philippines' Subic Bay Container Terminal and Rangoon's Thilawa port in Myanmar., Hong Kong-based terminal operator has invested in more than 15 ports around the word. Hutchison Port Holdings is riding high on a global wave of port privatization. The Hong Kong-based [...]

Puerto Rico's newly-elected Pres Pedro Rosello may still decide to divest the national shipping line, Navieras de Puerto Rico along with the Puerto Rico Maritime Shipping Authority. Navieras has incurred losses every year since it was founded 1974, prompting various sectors of the industry to push for privatization of the ailing company. Navieras was established to ensure regular service between Puerto Rico and the US mainland, however, inadequate funds and outdated equipment have undermined the company's efficiency., Rosello is committed to privatization, but will Puerto Rico be able to find a buyer? After years of talk, Puerto Rico's government may finally be moving toward a sale or [...]

Port, Guggenheim Foundation come to amicable settlement. Port buys 827 acres on Daniel Island. The South Carolina State Ports Authority has purchased 827 acres of land on Daniel Island for [...]

Texas Ports Discuss Merger Houston proposes buyout of Port of Galveston. After years of mostly idle talk, it appears there's a serious chance of a merger between the ports of [...]