Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Biden's speech was notable for what he didn't say: he made no mention of Iran.
The silence was almost jarring, given how relentlessly Trump's Secretary of State Mike Pompeo railed against Tehran as the root of all evil in the Middle East."
https://www.bbc.co.uk/news/world-us-canada-55945942
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Hmmm,..... strange.... unless,..... perhaps,..... they are already preparing for behind the scenes negotiations and he didn't want to compromise or jeopardise that process by inflaming the situation with the usual US rhetoric. Time will tell. Iran was making for some movement by 21st Feb. Let's see what happens.
Agreed Gibbo,..... there is one African country that is planning a new airport larger than Heathrow and has a well developed airport infrastructure and has just finished its last aviation infrastructure plan ahead of schedule.
ahhh.. but jungle..
Unfortunately Fowler misread the link and has sourced 2000 White Label hot tubs which are now sat in the same warehouse as his redundant vending machines.
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2021,... because of lock-down will be the year of the staycation,.. there is going to be a massive run on hot tubs.... prices will rocket,... and this time next year Rodders will all be millionaires!
Food for thought.
https://www.africanaerospace.aero/hot-hubs-for-african-expansion.html
Just a little food for thought;
https://www.portstrategy.com/news101/world/middle-east/meeting-the-vision-in-saudi-arabia
http://mps-gh.com/2020/12/15/mps-readies-for-afcfta-building-capacity-for-the-industrial-city-of-tema/
During the contract exchange meeting, the Contract Manager of EIFFAGE, Mr. Mohammed Juma, revealed that this contract extension entails building the yard from the reclaimed land level by the marine contractors (i.e. subbase level) to the final pavement including the formation of pavement layers with all the required data-networking, electrical, drainage, lighting and mechanical services etc.
The Land Works covers 4.2 ha right at the terminal’s waterfront (400m along the quay wall by 105m deep into the yard) stretching the MPS Terminal 3 quayside to 1,400m at dredged level of -16.90 m CD which will make the 4th New Berth fully operational (400m long).
Upon successful completion, the estimated total annual handling capacity of the MPS Terminal 3 will be in the range of 2.5 million TEUs where the actual volume handled in 2020 is in the range of 1.2 million TEUs.
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Come next year in January 2021 when trading officially begins on the AfCFTA platform, Ghana is already ready in the area of logistics and specifically port infrastructure. The added capacity that will be present by the completion of the 4th New Berth during the 2nd half of 2021, a year ahead of schedule, will further boost Tema Port’s capabilities to contribute to the success of AfCFTA.
Being one of the strongest emerging economies in West Africa (2nd largest) with a sturdy growth rate and burgeoning youthful population, many industrial companies have taken advantage and started to set up shop in Ghana to prepare for their penetration into the wider African market. This is bound to be a game changer for the model maritime nation.
https://www.harbourmaster.org/News/tema-port-ranked-largest-west-and-central-africa
The President of the Ports Management Association of West and Central Africa (PMAWCA), Michael Luguje (pictured), who happens also to be the Director-General of Ghana’s Ports and Harbours Authority (GPHA), has revealed that with the completion of phase 1 of the MPS Terminal 3, the Tema Port is currently the biggest in terms of capacity of all ports in the West and Central Africa.
‘We have the biggest container terminal within West and Central Africa. If you look at single terminal volumes that are handled, we were able to do 1 million TEUs at the close of 2018 and 2019. Barring COVID-19, our target was to cross the 1 million mark,’ the DG said.
He said this is being complemented by ongoing expansion of the Takoradi Port which includes the upgrading of the dry bulk jetty with conveyor systems, construction of the multipurpose Atlantic Terminal, the completed liquid bulk terminal, and the pending oil and gas services terminal.
‘The Liquid Bulk Terminal has the capacity to serve the whole liquid bulk industry for as many years to come,’ he said.
Luguje added that the fourth phase of development in Takoradi which is the oil and gas services hub will be a concentration of everything the offshore oil industry needs.
The Director-General of the GPHA also revealed that these port facilities will be additionally boosted by the initiative to construct the Mpakadan Inland Port and the Boankra Integrated Logistics Terminal which will begin soon.
‘Mpakadan is going to be linked by rail to the Tema Port. So, once Mpakadan is able to demonstrate the economic advantage of picking the container on rail and putting it on a barge via the lake to the North and continuing by road to its destination, naturally it will generate volumes,’ he suggested.
He also highlighted the Keta Port which is going to be the third major seaport in Ghana, and revealed that feasibility studies currently ongoing will be completed by end of the first quarter of 2021.
Jimzi,
"Tema, not in any sense transformational- v poor."
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Ij order to make that statement you must have worked out how much profit/margin we are making at Tema. Can you please confirm what margin we are making at Tema?
Not too mention that getting Iran to end the enrichment of their Uranium and agree to a reduction, and the inspections by the IAEA to resume would be a nice quick 'win' for Biden in terms of foreign policy and his first few months in office.
Iran and the US could actually be back around the table quite quickly if the US are prepared to lift the sanctions that they uni-laterally imposed upon Iran when the US pulled out of the JCPOA.
Biden has pledged that he wants to get back to the deal; after all, he was instrumental putting that deal in place, alongside Obama. A deal that Iran adhered too,... up until the post that the US pulled out and put pressure on all other members to cease business with Iran.
The big question for WSG,.. will be even if things get back on track with the US and Iran over the next 6-12 months,... will they feel 'comfortable' enough to ratify the Contract and have boots on the ground in Iran?
In reality, I would imagine that once the contract is up and running the majority of the staff in country would be Iranian, trained and employed by WSG, or even a local subsidiary much like the staffing arrangement with Scanport at Tema.
Anyway, time will tell.
We may even have the opportunity to 'sell' on the contract... to the Chinese or Russians?
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https://www.aljazeera.com/news/2021/2/2/eu-official-could-mediate-return-to-iran-nuclear-pact-zarif
"Iran’s foreign minister has said a European Union official could help “synchronise” or “coordinate” efforts by Iran and the United States to return to a 2015 nuclear accord, as a standstill persists over which country will take the first step.
In an interview with CNN on Monday, Mohammad Javad Zarif said the Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), created a joint commission coordinated by the EU’s foreign policy chief."
Proph,.... no,.... but if you can look at the size of the ships... just to see what size of ships are visiting the Port.
Sadly that can't be used to extrapolate any actual figures etc., as the ships are actually following a 'route'.... so, just by monitoring the number and size of the ships,.. we aren't able to calculate the TEU's diss-embarked/embark at the terminal.
However,... clearly if the overall volume and size of vessels being 'serviced' through the Tema Port it is clearly indicative of the level of business being done.... and business growth... hence it is worth monitoring.
Best.
https://www.marinetraffic.com/en/ais/home/centerx:-0.011/centery:5.613/zoom:16
https://www.reuters.com/article/us-usa-iran-nuclear-idUSKBN29R28P
Biden, who took office on Wednesday, “can begin by removing all sanctions imposed since Trump assumed office and seek to re-enter and abide by the 2015 nuclear deal without altering its painstakingly negotiated terms,” Iranian Foreign Minister Mohammad Javad Zarif wrote in Foreign Affairs magazine.
“In turn, Iran would reverse all the remedial measures it has taken in the wake of Trump’s withdrawal from the nuclear deal,” he said on Friday, adding that the “initiative squarely rests with Washington”
h&n
https://unity.ghanaports.org/publications/2ae93e7901d14c6c96b9725ac2719eb1.pdf
Suggests circa 1m.
The expansion works and new Terminal are due to be completed within 24months which is good news.
"Fatih Bora, Vice President of SUMMA Group, the contractors, said that they were honoured and excited to be a part of the transformation of the Freetown International Airport, adding that such development in a country would improve its economy.
He disclosed that the work would be completed in two years, noting that they are a Russian independent group of companies with holdings in port logistics, engineering, construction, telecommunications and oil and gas sectors and had worked in many parts of the world."
and..
"He said that they will build a brand new airport terminal, Presidential and VIP lounge – with ultra-modern equipment. The airport he said would accommodate at least 8 large aircrafts, adding that after its completion Sierra Leone will have a brand new airport – modern, safe, and a state of the art international airport reflective of the New Direction Government.
“This airport is designed…to enable us to take advantage of our strategic location to make Sierra Leone a major transit hub in the sub-region, particularly for air passenger traffic to South America (recognizing that Sierra Leone has the shortest distance to South America from Africa – about 6 hours flying time).
“We have potential to be a major transit point to and from South America to Africa and the rest of Europe. It will also attract major airlines and regional carriers. Sierra Leone will then boast of an airport that meets the International Civil Aviation Organisation (ICAO) requirement for airport certification for an international airport like Lungi. Our airport will be considered less risky and less costly to operate for international airlines. Reduced cost of airline operations will trigger more competition, more carriers, and better service delivery,” president Bio concluded.
https://www.thesierraleonetelegraph.com/sierra-leone-parliament-ratifies-lungi-international-airport-expansion-project/
... all looking good for completion of works circa mid- 2021.
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From the MPS site:
"On 15th December 2020, MPS and EIFFAGE Génie Civil reached an agreement to extend the original FIDIC Yellow Book Contract to include the Land Works for the 4th New Berth of the MPS Terminal 3 (part of Phase 2 of the Tema Port Expansion Project.
Over the past two years, EIFFAGE has devoted its effort to complete Phase 1 of the Tema Port Expansion Project and successfully laid 41.5 million pavement blocks on the first 98 of the 127 Hectares on land reclaimed from the sea. The works included drainage, waste-water treatment plant, water & fire hydrants, electrical and IT fibre networks, 1400 reefer container plugs and a 12 MW back-up power plant.
The marine works for Phase 2 were completed back in July 2020 by China Harbour Engineering Company (CHEC) 2 years ahead of schedule and the land civil works are set to be completed in September 2021 which is 9 months ahead of the MPS contractual commitment."
.. and....
"From the onset, MPS has invested in Ghana’s economic growth and connectivity to the world and for many years to come with obvious knock-on effect on the region’s economy. The new port facility is taking Ghana’s leadership one step further and positions it as an economic power and a leading economy in Africa, scaling up growth and employment in Ghana as well as within the whole Western African region.
Come next year in January 2021 when trading officially begins on the AfCFTA platform, Ghana is already ready in the area of logistics and specifically port infrastructure. The added capacity that will be present by the completion of the 4th New Berth during the 2nd half of 2021, a year ahead of schedule, will further boost Tema Port’s capabilities to contribute to the success of AfCFTA.
Being one of the strongest emerging economies in West Africa (2nd largest) with a sturdy growth rate and burgeoning youthful population, many industrial companies have taken advantage and started to set up shop in Ghana to prepare for their penetration into the wider African market. This is bound to be a game changer for the model maritime nation."
http://mps-gh.com/2020/12/15/mps-readies-for-afcfta-building-capacity-for-the-industrial-city-of-tema/
MikeGP,,, don't be silly!, It's like me asking you for your personal details!!,,idiot. However watch for the sells coming in and SP dropping accordingly.
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.. and yet you think we are so interested in your personal trades that you post them all the time. Grow up.