New Port Botany Container Terminal Operational

first_imgzoom Port BotanySydney International Container Terminals has said that the official opening of its new container terminal at Port Botany by New South Wales’ Premier Mike Baird marks the start of a major transformation of the State’s maritime international trade.The new container terminal sits on 45 ha of reclaimed land just across from Sydney Airport and employs a high degree of automation and smart technologies.SICTL Chief Executive Officer, Dr Stephen Gumley, said the terminal is a significant piece of freight infrastructure and a new competitor to the port to service New South Wales’ international containerised trade.Speaking at the opening, Dr Gumley said: “This development is a landmark in development of New South Wales’ maritime trade. We are part of Hutchison Port Holdings Limited a world leader in port development and operation. We bring that know-how, experience and competitive zeal to New South Wales.Port Botany will continue to be an important international gateway for many years to come. Sydney International Container Terminal is part of that future and will make a significant contribution to the Port’s development and New South Wales’ international trade.Sydney International Container Terminals is the first company to bring new competition to Port Botany, one of Australia’s most important international gateway. The competition, choice and capacity we bring to the Port is delivering benefits for New South Wales’ exporters and importers, and the broader economy.”Phase 1 of the terminal is now complete. It has added two additional 300 metre ship berths, 15 truck-loading bays, two 300 metre rail sidings and it has increased the port’s annual handling capacity by more than 250,000 TEU. Phase 2 work has already started. It is expected to nearly double the throughput capacity of SICTL by mid-2015. Press Release, September 03, 2014last_img read more

Europe not deluged by bogus asylumseekers new UN statistics show

Responding to what it described as “somewhat frenzied” political debate in a number of European countries concerning migrants, the United Nations High Commissioner for Refugees (UNHCR) today issued new statistics showing a sharp drop in the number of people seeking asylum on the continent. One of the released statistical charts presenting a 10-year overview of the number of applications in 30 industrialized countries contains some “striking” facts, according to a UNHCR spokesman. Rupert Colville told a press briefing in Geneva that the total number of asylum-seekers arriving in the European Union last year was a little over half of what it had been the decade before. At the same time, in many countries the numbers were “not very high – particularly if you compare them with developing countries that have hundreds of thousands, or even – in the case of Iran and Pakistan – millions of refugees.”Seven of the top 10 countries sending out asylum-seekers are conflict-wracked, according to UNHCR. Many of the migrants were “the product of the unresolved and festering situations in Afghanistan – at least until the end of last year – and Iraq,” Mr. Colville noted, adding, “It is also striking that four of the top six asylum-seeker producing countries are European countries.”Taken together, the statistics provided little support for the idea prevalent in several European countries “that they are being deluged by fraudulent asylum-seekers, [and] that – to quote the common mantra – ‘the vast majority are bogus,’” he said. While stressing that UNHCR did not believe that all Iraqis or all Afghans, for example, should receive refugee status, the spokesman said it was “patently, extremely unfair to label people from countries such as these as ‘bogus’ or ‘fraudulent.’” Mr. Colville voiced concern that the current European debate “is getting considerably overheated” and warned that if it produced rushed policy and law-making, this could have “very dangerous results for future refugees, either in terms of gaining access to Europe at all, or in getting a fair hearing and decent treatment once they are here.” read more

Downside risks increase but Bank of Canada keeps interest rate setting at

by News Staff Posted Jun 4, 2014 9:34 am MDT The Bank of Canada has kept its trend-setting interest rate at one per cent, but is warning of downside risks to the global and Canadian economies.The central bank hasn’t budged from the one-per-cent level in almost four years and says nothing has occurred in the past few months to warrant a change from what it calls a stimulative policy.If anything, the bank says the downside risks to the economy have increased since its last pronouncement in April.The bank says global conditions, particularly in the United States, have weakened somewhat from what was anticipated.The Canadian economy recorded below-expectations with a 1.2 per cent growth rate in the first quarter, which was slightly less than the bank had forecast.The bank attributes the weak start of 2014 to severe weather conditions and supply constraints, adding that it believes the ingredients are still there for a pick-up in exports and increased business investment going forward.On the housing front, the bank says it sees continued signs of a soft landing in the market.(The Canadian Press) AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Downside risks increase, but Bank of Canada keeps interest rate setting at 1% read more