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APM Terminals, Van Oord and Bam International have signed a $460m contract for the construction of the new Moin ContainerTerminal (TCM) in Costa Rica.
The contract is for the construction of the first phase of the 1.3m teu deepwater development, which is due to begin in the first quarter of 2014.
APM Terminals’ total investment in the Puerto Limón/Moín complex, where TCM will be built, is set to top $1bn.
More at Seatrade Global.

A proposal to develop a multi-million-dollar log-exporting terminal at the Port of Newport continues to be one of the region’s most contentious issues, as revealed by the attendance and resulting dialogue at a public meeting held Tuesday night in Newport.
The plan to build a 15-acre paved log yard on port property has been delayed since opponents filed an appeal with the Oregon Land Use Board of Appeals (LUBA). Final oral arguments on the appeal occurred on Oct. 10, and LUBA referees indicated late last month that a decision could be issued sometime between Nov. 5-12.
Besides the Teevin Bros. proposal, the port also has been approached by ALCAN Forest Products, which wants to ship logs to China via the terminal located on the northeast side of Yaquina Bay.
South Lincoln County News

Source: Center for Public Integrity

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