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[xanadu90]

Vietnam. "The Vietnamese joint venture of APM Terminals BV. - Cai Mep International Terminal (CMIT) - has signed a $112 million contract to construct a container terminal southeast of Ho Chi Minh City. CMIT was formed in 2007 as a joint venture between APM Terminals (49%), the state-owned port of Saigon, and state-owned Vietnam National Shipping Lines (Vinalines). CMIT inked the construction deal with a joint venture by South Korea's POSCO EC and SAMWHAN Corporation.
The new terminal is due to come onstream late 2010 with a draft of 14 metres and a handling capacity of some 1.1 million TEUs per year, according to reports."


A good example of the enormous and fast growth of Asia. A functioning port created in 2 years!!! And there are in all 30 ports under construction in Vietnam!

The same happened in Shanghai. An enormous port was built in 3 years on an island in front of Shanghai.

Well, in Europe that kind of project would take 10 years - with acquiring all kinds of permits from all kinds of authorities (environmentals!), with rounds of complaints and years long handlings in courts.
(Conclusion: democracy is bad for economy??! :)

http://www.hellenicshippingnews.com

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Just heard from news that Finland is considering to build our sixth nuclear power plant. Could be ready for operating in 2014 (estim.)

We have four operating plants and one under construction. Our pulp and paper industry needs enormously electricity.