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Maritime Press Clippings 2012 - Hydrex Underwater Technology

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DAILY COLLECTION OF MARITIME PRESS CLIPPINGS <strong>2012</strong> – 209operation at the port of Callao has left the national ports company, Enapu, requiring a cash bail out. The loss of itsmost important asset resulted in 90% drop in revenue, equivalent to $37.5m per year. Source: Port StrategyThe GSP FALCON passing Velsen for the swing near the Nam quayside - Photo : Joop Marechal ©Cavotec SA: Cavotec wins major cablereel order for Sri Lanka container portCavotec has won a substantial order for power and spreader cable reels for ship-to shore (STS) container cranes fromthe world's largest port equipment manufacturer ZPMC. The project further strengthens Cavotec's presence as a keysupplier to OEMs in the global ports sector."This project reinforces our position as a trusted supplier to leading OEMs such as ZPMC. The considerable size of thisorder is also strongly positive for Cavotec," says Gustavo Miller, Managing Director of Cavotec Shanghai. This projectwill see Cavotec electrical power and spreader cable reels fitted to 12 STS cranes for the China Merchant containerterminal in the Port of Colombo, Sri Lanka. The cranes form an important element of the Colombo South HarbourDevelopment Project, a $500-million initiative that is set to considerably enhance the capacity of Sri Lanka's main port.According to a report by the Xinhua news agency, the programme is the largest foreign direct investment project in SriLanka to date.The first 600m quay of the container terminal is scheduled to become operational in 2014, while the remaining twostages of the programme are to be completed in 2016. Cavotec has worked on a large number of projects with ZPMCover a number of years. Other Asian OEMs with which the Group cooperates include Japan's TCM. Earlier this yearDistribution : daily to 22500+ active addresses 27-07-<strong>2012</strong> Page 17

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