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Old April 24th, 2006, 02:19 PM   #101
Paul D
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Consortium tables fresh ports firm bid Apr 22 2006



GARSTON Docks owner AB Ports was the subject of fresh bid speculation yesterday after a consortium reportedly approached it with a an offer worth £2.34bn.

The same consortium, led by Goldman Sachs, had a £2.2bn bid rejected by AB, Britain’s biggest ports operator, last month but reports yesterday claimed the improved offer was now on the table.

A bid at that level represents a price per share of 775p, still below the £8 a share that analysts have said is required to take the owner of 21 UK ports, including Garston, Hull, Grimsby, Port Talbot and Southampton. Goldman, which previously offered 730p a share for AB Ports, is working with Canadian counterpart Borealis and Singapore’s GIC Special Investments.

The US investment bank has also made an approach for airports operator BAA, although this was rejected by the company's board at the end of last month.

Yesterday’s report said the directors of AB Ports, led by chief executive Bo Lerenius, were also likely to reject the latest proposal.


And Goldman is unlikely to table a hostile offer for AB Ports as boss Hank Paulson recently indicated his wish for deals to be struck on a friendly basis. AB Ports impressed the City recently with a better-than-expected 2% rise in annual operating profits to £132.3m. It has underpinned its prospects by looking to secure more long-contracts, including development work in south Liverpool.


It is thought AB Ports might value itself higher, particularly after Chancellor Gordon Brown used his Budget to pave the way for firms with substantial property interests to set up tax-efficient Real Estate Investment Trusts (REITs).


Last month the company said it intended to sell a 40-acre parcel of land near Garston Docks for around £10m.


It is believed British Land, which owns the adjacent New Mersey Retail Park, is interested in acquiring the site to expand.


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Old April 25th, 2006, 03:08 PM   #102
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Probe over container terminal for giant ships Apr 25 2006

A PUBLIC inquiry into the planned £80m container terminal at the Port of Liverpool has started.

Mersey Docks and Harbour Company is pushing for the 800-metre quay-side, which will enable it to handle "post Panamax" container ships, the new generation of gigantic freight vessels.

But residents in Crosby and Seaforth and environmental groups are challenging the construction plan.

There are fears that extra traffic created by the terminal will damage wildlife and the environment.

The inquiry is in the Foresight Centre at Liverpool university.
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Old April 26th, 2006, 04:19 PM   #103
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Protesters yield to pave way for £80m Port plans Apr 26 2006



AN £80m expansion to the Port of Liverpool took a major leap forward last night after dozens of protesters withdrew their objections.

Plans to build a container terminal at Seaforth Dock had come under attack from local residents associations, angling enthusiasts and wildlife campaigners over fears of noise and air pollution.

Mersey Docks and Harbour Company argue that the project will attract millions of pounds of investment to Liverpool and re-establish it as a world-class port while creating thousands of jobs.

Now, after months of negotiations, objectors have pulled out of the wrangle one by one as agreements have been drawn up with opposing groups.


One of the compromises with local residents involves building a wall of soundproofing to block out noise from lorries travelling to and from the proposed terminal.


Homeowners will also receive money towards double glazing.


MDHC has also agreed to move scrap metal and empty containers from Waterloo one-and-a-half miles away to West Alexandra Dock.


Ian Hamilton Fazey, chairman of Waterloo Residents Association, said: "We have accepted the company's assurance that current perceived noise levels are likely to be lowered by the new terminal because container handling - the principal source of complains about night-time disturbances - will be moved away from where it takes place at present.


"This is a strong point in favour of the Harbour Revision Order from the point of view of environmental impact."

A public inquiry opened yesterday to raise the issues put forward by objectors, but many of the opposing parties have come to amicable agreements with MDHC.

The only substantial opponent to the scheme remains Merseyside Civic Society which complains that the expansion would demolish public rights of access to the coastline as set down in law in Victorian times.

Patrick Moran, chairman of conservation and heritage at Merseyside Civic Society, said: "All we want is to maintain the bit of pathway that we already have.

"These paths have been the public's right of way for 160 years and MDHC has deliberately impeded the public from using something that's theirs. Now the proposed expansion would take the river wall from them."

In negotiations with the Civic Society, MDHC offered to open up the Radar Tower as a vantage point for tourists but opponents have said this is not enough to compensate for the loss of public footpaths that the expansion would cause.

Stephen Sauvain QC, acting for MDHC, said: "MDHC has agreed to work with Sefton Council on proposals to open up the Radar Tower to the public as a tourist attraction, as well as to provide other facilities for the public along the route of the path.


He added: "The Port of Liverpool has already established itself as the significant player in the North Atlantic container market and is winning trade in other global markets.


"Container throughput has grown by 65% in the past 10 years. In order to maintain market position, accommodate anticipated growth and develop Port business it is apparent container handling will have to be enlarged and improved."


The public inquiry continues at Liverpool's Foresight Centre today and is expected to conclude at the end of the week
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Old April 26th, 2006, 05:14 PM   #104
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Great news.
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Old April 26th, 2006, 05:44 PM   #105
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Good to see Liverpool re-establishing itself as a modern port, embracing the modern and not the old. A new container terminal will do great.
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Old April 26th, 2006, 05:50 PM   #106
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Quote:
Originally Posted by Pobbie Rarr
Good to see Liverpool re-establishing itself as a modern port, embracing the modern and not the old. A new container terminal will do great.
It is not a new terminal as such, just an exention of an relatively newish container terminal to take Panamax container ships. (Panamax ships are ships which can fit into the wide Panama canal locks).
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Old April 26th, 2006, 06:07 PM   #107
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The Panama canal is planning to be widened to allow bigger container ships through.
Perhaps a bigger extension is needed.

http://news.bbc.co.uk/1/hi/world/americas/4941126.stm
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Old April 27th, 2006, 12:47 AM   #108
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Quote:
Originally Posted by Wirral
The Panama canal is planning to be widened to allow bigger container ships through.
Perhaps a bigger extension is needed.

http://news.bbc.co.uk/1/hi/world/americas/4941126.stm
As with oil tankers when they became mega sized - it was economical to take the tankers around the Horn and Cape, even though the journey was 1000s of miles longer.

This idea of having mega tanker sized container ships, rubbishes the notion that speed in journey and access is why Felixstowe was developed over Liverpool.

Last edited by John-MK; April 27th, 2006 at 02:35 PM.
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Old April 27th, 2006, 01:03 AM   #109
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That was because post war (having taken most of Liverpool's commercial infrastructure off to London 'for the duration' and Nationalised what was left afterwards... none ever coming back here) The whole transport infrastructure placed London at the 'hub' of the Uk...strange as it is in the south eastern bit.... andtrade was to be with Europe... then fortress Europe.

The reasons given for the ports decline are as bogus as those given by Tate and Lyle for fucking off. remember thay said that cane was not to be used any more, it was being replaced by european beat.... fucked off and them made an advertising point of saying that T&L was still pure cane... remember? they acrually still promote the fact.
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Old April 27th, 2006, 01:05 AM   #110
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I think this is an important step for Liverpool as well as for the north as a whole. Makes sense for more freight to arrive in the north closer to its intended final destination and will give northern companies better international market access. Should help reduce freight travel nationwide too. I hope the port continues being at the forefront of development.
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Old April 27th, 2006, 01:13 AM   #111
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The whole post war Keynsian command approach did no favours for Liverpool, always a commercial, rather than a political player we lost out on both counts. This has a lot to do with the media discussion going on on that thread also. When you gear things arond political aspirations and perspectives it can really queer the market and the infrastructure it needs. Hopefully we will now see things being provided where they need to be, not what some politco wants them to? Not much chance of complete reversal, but then,, not as bad as the shpaing of the economy, and the geopolitical landscape that went on through the late 20thC
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Old April 27th, 2006, 02:27 PM   #112
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Quote:
Originally Posted by John-MK
It is not a new terminal as such, just an exention of an relatively newish container terminal to take Panamax container ships. (Panamax ships are ships which can fit into the wide Panama canal locks).
think you mean they are too wide to fit thru the panama canal locks dont you??
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Old April 27th, 2006, 02:33 PM   #113
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Quote:
Originally Posted by new
think you mean they are too wide to fit thru the panama canal locks dont you??
If I recall rightly it was the largest size that could enter the locks. So, any ship that could enter the Panama Canal had to enter your locks too to deal with container ships. It may mean larger now, as I read post-Panamax a lot.
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Old April 27th, 2006, 02:34 PM   #114
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Quote:
Originally Posted by new
think you mean they are too wide to fit thru the panama canal locks dont you??
As the Port of Liverpool already handles "Panamax" ships, I think John-MK is meaning 'Post Panamax' vessels.
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Old April 27th, 2006, 02:43 PM   #115
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Just as a point of information; No "Post-Panamax" vessels operate on the Atlantic. These vessels are, at present, confined to the Pacific, mostly, operating between Asian and North American ports. In the advent, the Port of Liverpool is trying to position it's self for the appearance of these mega-ships on the Atlantic.
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Old April 27th, 2006, 02:45 PM   #116
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Word of advice, Sloyne: the names of companies, ports, train stations, etc., never have to be italicised, not even in a typeset book or newspaper, let alone on an Internet forum.
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Old April 27th, 2006, 02:48 PM   #117
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Quote:
Originally Posted by Awayo
Word of advice, Sloyne: the names of companies, ports, train stations, etc., never have to be italicised, not even in a typeset book or newspaper, let alone on an Internet forum.
Sorry, didn't mean to upset you.
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Old April 27th, 2006, 02:54 PM   #118
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Quote:
Originally Posted by sloyne
Just as a point of information; No "Post-Panamax" vessels operate on the Atlantic. These vessels are, at present, confined to the Pacific, mostly, operating between Asian and North American ports. In the advent, the Port of Liverpool is trying to position it's self for the appearance of these mega-ships on the Atlantic.
I would say positioning itself, not trying to.

"Larger ships, for instance, will be forced to call at fewer ports with the result that the volume of cargo that has to be transhipped and relayed, whether by feeder vessel and/or overland, will increase, thereby raising overall distribution costs."

Report

That report stats that ther is no limit to post-panamax size.

Once again it highlights the problem of futher land costs in transportation - Felixstowe again. Plonking containers in the sticks and then transporting them halfway across the country to the industrial heatlands?
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Old April 27th, 2006, 03:02 PM   #119
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Quote:
Originally Posted by sloyne
Just as a point of information; No "Post-Panamax" vessels operate on the Atlantic. These vessels are, at present, confined to the Pacific,
Here is post-Panamax in France:
Post-Panamax in France
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Old April 27th, 2006, 03:06 PM   #120
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Quote:
Originally Posted by John-MK
I would say positioning itself, not trying to.
Hope you're right but, isn't Southampton, Felixstowe and Clydeport also asking for a 'Harbour Revision' for the same purpose. I think I read somewhere that the succesful applicant would be at the expense of it's rivals.
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