GAC Inaugurates Dubai Logistics Facility
A quarter of a century after opening the first distribution center in the Middle East, GAC Dubai officially unveiled its new purpose-built contract logistics facility, at Dubai South.The inauguration ceremony was held under the patronage of His Excellency Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation (DACC) & Dubai South, and attended by GAC Group President Bengt Ekstrand, GAC Group Vice President for the Middle East Fredrik Nyström, GAC Dubai Managing Director Ronald Lichtenecker…
COSCO Shipping Ports, Navis Join to Launch Center of Excellence
The terminal operating systems (TOS) provider announced a new partnership with COSCO Shipping Ports Limited (CSP), creating a joint Center of Excellence (CoE).Navis is a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain.Launched in September 2018, the center will deliver dedicated Navis and CSP resources for N4 implementation projects…
China to Develop Multi Billion Dollar Deep Sea Port In Myanmar
China and Myanmar are moving ahead with a China-backed deep-sea port project in Kyauk Phyu Special Economic Zone (SEZ) , 250 miles northwest of Yangon.The framework agreement was signed by Myanmar's Deputy Minister of Planning and Finance and Chairperson of the Management Committee of the Kyaukphyu SEZ U Set Aung and President of CITIC Group Chang Zhenming, stated Chinese state media.This is the third port in India’s vicinity. China is also developing deepwater strategic Gwadar port in Pakistan in the Arabian Sea which faces the Mumbai coast.
Afghan Launches India-Iran Shipping
Afghan Ministry of Transportation will soon launch a commercial shipping line with the assistance of the Islamic Republic of Iran to conduct business activities between Chabahar Free Trade Zone and India.IRNA reported quoted the Afghan Ministry of Transportation as saying that the shipping sector would soon be formed and the ships could operate commercial activities with the flag of Afghanistan in free waters.The other local media hailed the move saying that Afghan will soon establish a department of shipping and ships will plough the ocean flying the Afghan flag.
Contship Expands Intermodal Service
Contship Italia Group has been pulling all the stops to increase its intermodal offering during the past months.Italy’s leading service provider for integrated global supply chains said that its Rail Hub Milano (RHM) and its gateway ports La Spezia and Ravenna serve as backbone of the Group’s growing intermodal network.La Spezia is geographically located within a range of 320 km from the key economic regions in Italy, accounting for over 47% of the total Italian GDP. RHM is located in Melzo, just outside the city of Milan at the heart of consumer and industrial regions.
Port of Oakland Cargo Volume Up Despite Tariff Battle
A U.S.-China tit-for-tat over tariffs hasn’t dampened cargo volume growth at the Port of Oakland. In fact, the Port is on track for its third straight year of record container volume in 2018, stated the Port authorities.But can it last? That’s the question supply chain experts pondered this week at the quarterly meeting of the Port’s Efficiency Task Force. Forty trade and transportation executives ranging from longshore labor representatives to cargo owners gathered to discuss trade dynamics.
Port Police Regulation in Force in Antwerp
The modification of the Municipal Port Police Regulation, the Port Instructions and related forms come into force on the 12th of November 2018 said a press release from the Antwerp Port Authority.The port and the social context in which it operates are in a constant state of flux. It is therefore essential for the Police Regulation to take account of the changing situation and requirements.In modification 3 of the Port Police Regulation various articles were modified, and various…
Kalmar Helps Port of Long Beach to Meet Green Objectives
Kalmar's new all-electric terminal tractor is helping the Port of Long Beach (POLB) meet its eco-efficiency objectives while satisfying the commercial demands of the users of the second-busiest container seaport in the US.According to a press release from Kalmar, a part of Cargotec Corporation, POLB in California handles trade worth in excess of $180bn from 175 shipping lines connecting to 217 seaports around the world. In 2017, more than 7.5 million container units passed through…
Amsterdam Intros Day Tourist Tax for Cruise Ships
Day Tourist Tax for cruise passengers will apply to sea cruise and river cruise passengers effective 1 January 2019 in Amsterdam.According to a release from the Port of Amsterdam, the rate for 2019 has been set at EUR8 per period of 24 hours or less. Note that the tax will not apply to cruise passengers who embark or disembark in Amsterdam (turnaround passengers), but solely to transit passengers.The tax rate is confirmed in November and the tax will be collected by Port of Amsterdam on behalf of the City of Amsterdam.
Port of Oakland Cargo Volume Up in Trade War, But Can It Last?
A U.S.-China tit-for-tat over tariffs hasn’t dampened cargo volume growth at the Port of Oakland. In fact, the Port is on track for its third straight year of record container volume in 2018.But can it last? That’s the question supply chain experts pondered this week at the quarterly meeting of the Port’s Efficiency Task Force. Forty trade and transportation executives ranging from longshore labor representatives to cargo owners gathered to discuss trade dynamics. Their consensus: cargo volume is spiking right now but could drop by January.“We’re peaking,” said a major U.S.
U.S. Pipeline Operators Reap Hefty Profits from Bottlenecks in Texas
Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports.These companies are taking advantage of extraordinary markdowns in West Texas where surging production and a lack of pipeline space sent the regional price for oil in late August $23 per barrel below the coastal price in Houston.Record profits illustrate the divide between the haves - those with guaranteed pipeline space - and the have nots, producers that must sell oil at the wellhead.
SC Ports Achieves Record Container Volume in October
South Carolina Ports Authority (SCPA) announced the highest monthly container volume in its history, with 217,035 twenty-foot equivalent container units (TEUs) handled in October. Last month’s record-breaking volumes marked an 18.7 percent year-over-year increase in container volume growth.October container traffic surpassed the Port’s previous record of 206,541 TEUs handled in August. SCPA’s fiscal year container volumes are up 10.3 percent compared to the same period last year…
World's Largest Cruise Ship Makes U.S. Debut at Port Canaveral
Port Canaveral welcomed the world’s largest cruise ship before dawn Thursday as Royal Caribbean International’s Symphony of the Seas made its historic first North American port of call.The massive cruise vessel arrived at the Port’s Cruise Terminal 1 from Malaga, Spain with nearly 5,500 cruise guests and 2,200 international crew members.“We’re proud of the confidence our partners at Royal Caribbean have in us. Although this ship will be home-ported in Miami, our cruise partner trusted the capabilities of this port for its first U.S. port of call,” said Port Canaveral CEO Capt. John Murray.
NRF: Retail Imports Slowing but Remain Strong For Now
Imports at the nation’s major retail container ports have slowed down from their pre-holiday peak but remain at unusually high levels as retailers continue bringing in merchandise before tariffs increase in January, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Imports have usually dropped off significantly by this time of year but we’re still seeing numbers that could have set records in the past,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.
Port of Rotterdam Wins ESPO Award 2018
The largest port in Europe the Port of Rotterdam Authority has been awarded the European Sea Ports Organisation (ESPO) Award 2018.The award was made in recognition of the port's engagement with the city or wider community through the creation of a good workplace environment for its current and future employees and the demonstration of its investment in a diverse and inclusive environment, facilitating mutual respect, non-discrimination and personal development.The ESPO Award was handed out by the Deputy Director-General of DG Move…
Three Asian groups vie for Brazilian Wilson Sons Ports
Three Asian groups are interested in acquiring two container terminals up for sale by Brazilian private port operator Wilson Sons, Brazilian newspaper Valor Economico reported on Thursday.Singapore's PSA, China's Hutchison Port Holding and China Merchant Port Holdings have delivered non-binding proposals for terminals in Salvador, in the northeastern state of Bahia, and Rio Grande, in the southern state of Rio Grande do Sul, the paper said, without disclosing its source.Binding proposals for the terminals should be delivered as soon as year-end…
North Carolina Ports Hosts Second Annual Cold Chain Summit
North Carolina Ports hosted the Cold Chain Summit 2018: Cold Gateways Expansion – Farm to Table and Beyond in historic downtown Wilmington on Wednesday.This is the second year NC Ports has organized and hosted the event focusing on current markets, shipping patterns, consumer behavior and environmental impacts of the global cold chain industry.“This year’s summit comes at a time of significant growth for NC Ports’ perishables portfolio,” said NC Ports Executive Director Paul J. Cozza.
Finance Conference Speakers Take Optimistic View of Shipping Market Trends
The fourth Maritime Standard Ship Finance and Trade Conference, held at Abu Dhabi’s Sheraton Hotel and Resort, was in many ways very different from the preceding three events in this increasingly popular series. While in other years the sense of challenge and adversity was dominant, this year speakers at the one-day conference were generally much more optimistic and upbeat about market prospects, although a number of potential hazards on the road to full recovery were also much in evidence.Conference chairman…
India Approves Sale of State-owned Dredging Co
India has approved the sale of its entire 73.44 percent stake in Dredging Corporation of India to a consortium of four ports, government minister Ravi Shankar Prasad said on Thursday.Prasad also announced the government would lease out six airports across India in public-private partnership deals. (Reuters, Reporting by Alasdair Pal, editing by Mayank Bhardwaj)
China Navigation Company Opens Shanghai HQ
Swire Group’s shipping arm China Navigation Company establishes presence in Shanghai where it was founded 147 years ago!The China Navigation Company (CNCo) opened its China headquarters officially in Shanghai on 05 November 2018, marking a significant return to its birthplace 147 years ago, and a significant milestone in its history, said a press release from the company.CNCo started operations on the Yangtze River in 1872, operating a modest fleet of Mississippi-style paddle steamers.CNCo is a major global player in the shipping scene today…
Eamonn O'Reilly Re-elected as Chairman of ESPO
Eamonn O’Reilly was unanimously re-elected as Chairman following a vote of European Sea Ports Organisation (ESPO)'s General Assembly in Brussels. E. O’Reilly has been chairing the organisation during the last two years.The General Assembly also re-elected Annaleena Mäkilä and elected Zeno d’Agostino as Vice-Chairs. Ms Mäkilä is currently Managing Director of the Finnish ports Association and has been Vice Chair since 2014.d’Agostino is President of Assoporti, the Italian Association of Ports and President of the Port Network Authority of the Eastern Adriatic Sea.
Orion Bags $10 Mln Dredging Contract
Specialty construction company Orion Group Holdings, Inc. said it has been awarded an approximately $10 million dredging contractThe deal was awarded to company’s marine segment from the U.S. Army Corps of Engineers for the dredging of the Sabine-Neches Waterway in Orange and Jefferson counties, Texas, including the lower reach of the Neches River, the Sabine-Neches Canal and Turning Basin and the Port Arthur Canal.The project is expected to begin late in the fourth quarter of 2018 with a duration of approximately six months.
New Zealand's Napier Port to Build Additional Wharf
Napier Port’s resource consent applications to build an additional wharf on its container terminal and carry out further dredging have been approved.According to the New Zealand port operator, it is a vital regional asset which supports local business to employ an estimated 27,000 people in Hawke’s Bay.Building 6 Wharf will allow more ships to visit, larger ships to berth and alleviate the growing congestion caused by increasing cargo volumes coming out of our thriving region.Napier…
Port of Rotterdam Strict on 'Polluter Pays' Principle
The Port of Rotterdam has emphasized the reinforcement of the polluter pays principle in the run-up to trilogue negotiations on the Port Reception Facilities Directive.Last month, on October the 9th, the Transport Committee of the European Parliament adopted the Meissner report on the Port Reception Facilities and gave a mandate to the Rapporteur to start negotiations with the Council to finalize the text of the new law.In the run-up to these negotiations, the Port of Rotterdam…
Global Shipping Business Network on Blockchain Platform Launched
Nine leading ocean carriers and terminal operators today signed a formal statement of intent for a Memorandum of Understanding (MOU) to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology.According to a statement, the participants include COSCO Shipping Lines, CMA CGM, Evergreen Marine, OOCL, Yang Ming, DP World, Hutchison Ports, PSA International and Shanghai International Port, as well as software…
Manila Ports Utilization Remains Healthy
Philippine Ports Authority (PPA) informed that the cargo volume in the country has registered a modest hike in the first seven months of the year despite the sluggish performances from almost all aspects of local and foreign trade.Latest data from the Philippine Ports Authority (PPA) showed that Philippine cargo traffic totaled 147.271 million metric tons (MMT) in the January to July 2018 period or a 2% hike compared to the 144.412 MMT handled in the same period last year.The…
Port of Everett Becomes First Port to Receive Federal Rail Loan
U.S. Transportation Secretary Elaine L. Chao announced that the U.S. Department of Transportation’s Build America Bureau will provide up to a $5.95 million Railroad Rehabilitation and Improvement Financing (RRIF) loan to the Port of Everett in the State of Washington. The Port of Everett is the first Port to make it through the complex loan process.“I’ve been proud to work with the Port of Everett to secure federal investments to ensure the Port continues to meet the demands of the 21st century economy, and I’m thrilled to see the federal government bring even more resources to the table.
Port of Bellingham Announces Shipping Terminal Contract
International cargo vessels are expected to arrive at the Bellingham Shipping Terminal on a regular basis as the result of a new service contract between the Port of Bellingham and Ports America.Ports America entered negotiations with the port after several of its shipping customers requested use of the Bellingham Shipping Terminal. Ports America is the largest terminal operator and stevedore in the United States.“This is a major turning point for the Bellingham Shipping Terminal,” said Port Commission President Ken Bell.
Gulfport’s Long Road Back From Hurricane Katrina
When Jonathan Daniels, executive director of the Mississippi State Port Authority at Gulfport spoke to the audience at the annual state of the port luncheon July 27, 2018 at the newly rebuilt Island View Casino, he had a lot to offer in terms of jobs. And he had two aces in the hole: SeaOne, an untested compressed liquefied gas company and Yilport, a terminal company operated by an ambitious Turkish port developer. Both had letters of intent dating back two years with much to do.As has been the case since before Daniels took over from Don Allee in 2013…
Teekay Offshore Settles Dispute with Petrobras
Bermuda-based marine services company Teekay Offshore Partners announced that certain of its subsidiaries have entered into a settlement agreement with Petrobras with respect to various disputes relating to the previously-terminated charter contracts of the HiLoad DP unit and Arendal Spirit unit for maintenance and safety (UMS). As part of the settlement agreement, Petrobras - on behalf od its subsidiaries Petróleo Brasileiro and Petroleo Netherlands - has agreed to pay a total amount of $96 million to Teekay Offshore…
First Aloha-Class Ship Delivered to Matson
Matson, Inc. took delivery of the first of two new Aloha Class containerships built for Matson's Hawaii service at Philly Shipyard.Christened 'Daniel K. Inouye' in honor of Hawaii's late senior U.S. Senator, the vessel is the largest containership ever built in the United States. Weighing in at over 51,400 metric tons, the 850-foot long and 3,600 TEU capacity Daniel K. Inouye is Matson's largest ship and also its fastest, with a top speed in excess of 23 knots."This new ship, our fifth delivered by Philly Shipyard…
Port Oakland Opens Cold Storage Facility
Lineage Logistics and Dreisbach Enterprises announced the official opening of Lineage Cool Port Oakland, the world’s latest next-generation cold storage and logistics facility.Set on 25 acres at the Port of Oakland’s waterfront, Cool Port will serve as the newest hub for temperature-controlled cargo transitioning through Northern California.Cool Port is a collaboration between warehousing and logistics industry leaders Lineage and Dreisbach, with additional funding and support from the Port of Oakland and the State of California.
APM Terminals Bahrain IPO Aims to Raise USD 30 mln
Port operator APM Terminals Bahrain plans to raise around BHD12m ($32m) through its planned initial public offering (IPO). This is the first IPO for a transport and logistics company in the Kingdom to list on the Bahrain Bourse. The listing forms part of the contractual agreement made when the port opened in 2009.APM Terminals Bahrain will offer 18 million shares, equivalent to 20 per cent of its issued share capital, at BHD0.66 per share. The net proceeds will be paid to its current shareholders pro-rata based on their shareholding.
Port Groups Join for Go Green Initiative
Five global container port operators have jointly undertaken a week-long initiative to promote sustainable resource usage in their respective port and facility networks through mass recycling.During the fifth annual Go Green Initiative, 8,332 employees of DP World, Hutchison Ports, PSA International, Port of Rotterdam and Shanghai International Port Group collected a total of 1,966 kg of aluminium cans and 2,227 mobile phones for recycling.The choice of two very different waste products for collection and recycling was intentional.Aluminium cans are one of the most recyclable waste items…
London Thamesport Eyes Short-Sea Container Hub Status
Hutchison Ports London Thamesport’s growing reputation as a short-sea container hub has been further enhanced by Helsinki-based Containerships plc’s introduction of a second weekly service from Gdynia, Poland.Containerships has chosen the Kent based port for its second direct service to and from the southern part of the UK. The service offers regular and fast connections with Poland, with improved service and transit times from Gdynia of 3-4 days and 4-6 days for the return journey.Mark Taylor…
Port of Los Angeles Issues Statement on Box Incident
The following information was released by the Port of Los Angeles:Because our facilitation of a safe and secure supply chain is top priority at the Port of Los Angeles, the incident involving an export-bound shipping container that exploded inside a marine terminal storage area here on October 30 is of paramount concern to the Los Angeles Harbor Department and Los Angeles Port Police. Preliminary analysis by the Los Angeles Port Police Hazardous Materials Unit, Los Angeles Police…
Milaha Reports 10% Increase in Net Profit
Qatar Navigation (Milaha) Q.P.S.C. has announced its financial results for the nine months ended September 30, 2018. Key financial highlights:•Operating revenues of QAR 1.8 billion ($494 mln) for the nine months ended September 30, 2018, compared to QAR 1.7 billion ($466 mln) for the same period in 2017•Operating profit of QAR 314 million ($86 mln) for the nine months ended September 30, 2018, compared to QAR 200 million ($54 mln) for the same period in 2017•Net profit of QAR 400 million ($109 mln) for the nine months ended September 30…
Oil Exports from Iraqi Southern Ports Slide
Iraq's oil exports from southern ports on the Gulf averaged 3.469 million barrels per day (bpd) in October, lower than the September average, the oil ministry said on Thursday.Iraq exported 3.560 million bpd of crude oil in September.Iraqi oil executives told Reuters on Wednesday exports were down from the September average owing to bad weather, which slowed shipments down on some days.The average sale price in October was $74.912 per barrel, generating more than $8 billion in revenue, the ministry said.All volumes shipped in October came from the southern fields, the ministry said.Iraq is OPE
NZ Harbour Welcomes its Largest Container Ship
The largest Port in the South Island of New Zealand, Lyttelton Port, has welcomed its largest ever container ship.The Singapore–flagged Rio de Janeiro, which can carry nearly 6000 containers and is the length of about three rugby fields, arrived early Saturday.Lyttelton Port Company (LPC) Chief Executive, Peter Davie said, “The Rio de Janeiro is a new class of ship to call at Lyttelton. She can carry 5,905 twenty-foot equivalent containers (TEUs), while the largest container vessels currently visiting Lyttelton commonly carry 4…
Port of Helsinki Launches Separate Company for Ship Services
Finland's main port Port of Helsinki Ltd is preparing for the implementation of the requirements of the EU’s Port Services Regulation by transferring ship services covered by the regulation to a subsidiary company.From 1 January 2019 onwards, the new company South Finland Port Service Ltd, owned by the Port of Helsinki Ltd, will be responsible for vessel mooring and unmooring. Some sixty employees will be transferred to the new company.Kari Noroviita, technical director at Port of Helsinki Ltd…
DP World, NIIF Win Bid at Mumbai's JNPT
Global port operator DP World said its joint venture (JV) with National Investment and Infrastructure Fund (NIIF) has won the bid to build a Free Trade Warehousing Zone (FTWZ) at Jawaharlal Nehru Port Trust (JNPT) Mumbai for USD 78 million."Hindustan Infralog Private Limited (HIPL), a joint venture between DP World (65%) and the NIIF (35%), has won the bid to develop and operate the FTWZ at India’s largest container gateway – JNPT for $78mn," said a press statement from the…
World’s Biggest Container Ship on Maiden Call at Westports
The world’s biggest container ship, OOCL United Kingdom, made her maiden call at Malaysia's Westports in Port Klang on her way to China.The OOCL United Kingdom, with a carrying capacity of 21,413 TEUs, is one of the carrier’s six ‘G Class’ vessels and they are currently the world’s largest container ship.The vessel berthed at Container Terminal 8, Westports new container wharf that was completed in 2017.Westports has earmarked nine high-performance ship-to-shore cranes to handle OOCL United Kingdom’s containers.
CMA CGM Completes Containerships Acquisition
The CMA CGM Group has completed the acquisition of Containerships, a container-transportation and logistics company.The European Commission authorized this transaction on October 22nd. Containerships, which specializes in the intra-European market, will complement CMA CGM’s service offering.Containerships, a European door-to-door specialistFounded in 1966, Containerships is a Finnish company specialized in Intra-European containerized trade with 690 employees. Containerships offers its clients a complete range of high-quality services…
Gothenburg Port Container Traffic Up by 20%
Freight volumes passing through the Port of Gothenburg during the year to date are as follows. Container traffic is up 20% compared with the preceding year, and energy product flows remain consistently strong.A press release from the deep-water port in the Scandinavian region said that new car figures rose by 4% but now appear to be levelling off, albeit at a high level.During the first nine months of the year, container traffic increased by 20% and rail traffic by 7%, said Sweden-based Port of Gothenburg.Energy products totalled 17.7 million tonnes…
Kalmar Supports Port of Long Beach Electrification
Kalmar, part of Cargotec, has signed a contract to supply a fully electric Kalmar Ottawa T2e electric terminal tractor to Long Beach Container Terminal (LBCT) for a six-month demonstration period. The order was booked in Cargotec's 2018 third-quarter order intake with delivery scheduled for Q1 of 2019. A press release from the cargo handling solutions and services provider the Port of Long Beach, California, is the second-busiest container seaport in the U.S. and handles trade…
Port of Rotterdam Throughput Edges Down
Total throughput in the port of Rotterdam in the first three quarters of 2018 was 0.4% lower than in the same period the previous year.According to a release from the port, container volumes continued to grow at a markedly higher pace than the first nine months of 2017 – even recording a new all-time high in August.Wet and dry bulk, however, showed a decline in volume – although LNG and biomass were two positive outliers within these product segments. All in all, 350 million tonnes of cargo was handled in the port of Rotterdam…
Martin Bencher expands in North America
Scandinavian based Shipping and Freight Forwarding company Martin Bencher expands in North America with an office in Vancouver, BC, Canada.A press release from the project logistics company quoted Peter Thorsoe Jensen, CEO MB Group as saying: “North America is a very important project market for the Martin Bencher Group and with an office in Vancouver, BC, Canada, we are in a better position to service existing and new customers in the Pacific North West and throughout Canada.”“After 10 years of successful operation in the USA…
Bulk Sector Prospects Perking Up
The bulk sector is navigating its way out of the doldrums but market correction has come at a price, delegates attending Bulk Terminals 2018 learned last week.Speaking in Hamburg at the annual conference of the Association of Bulk Terminal Operators, Frachtcontor Director Frank Grone said that while the bulk segment is slowly but steadily working its way out of the doldrums with a positive cash flow, he reminded delegates that 60mdwt was scrapped in 2015 and 2016 at “ridiculous prices”…
JAXPORT Sets Container Volume Record
JAXPORT’s public seaport terminals achieved record growth in container volumes, recording double-digit growth during the fiscal year ending Sept. 30, 2018. JAXPORT moved nearly 1.3 million twenty-foot equivalent units (or TEUs, the industry standard for measuring containers), a 23 percent increase over 2017. JAXPORT has set container volume records the past three years.When combined with the containers handled through private terminals, the Port of Jacksonville is Florida’s largest container port complex.The Asian container trade continues to show significant growth…
Cheniere to Commission 1st Corpus Christi LNG Cargo
Cheniere Energy will commission the first liquefied natural gas (LNG) cargo from its new Corpus Christi export terminal on Nov. 15, the Texas port's chief executive said on Tuesday.The commissioning of the cargo, months ahead of schedule, will mark the start of operations at Cheniere's second LNG export facility and only the third major export facility in the United States.The Corpus Christi terminal had been undergoing commissioning work since the summer and while it was scheduled to come onstream in the first half of next year…
New Sea Lock at IJmuiden
To accommodate increasingly larger ships, a new sea lock is being built at IJmuiden, a port city in the Dutch province of North Holland.The construction started in 2016. It will be the largest sea lock in the world. The sea lock ensures that ships can access the ports and port businesses along the North Sea Canal in a safe and efficient way, irrespective of the tide.The new sea lock will be 500 metres long, 70 metres wide and 18 metres deep. The project is a joint venture of the Ministry of Infrastructure and Water Management…
COSCO Shipping Ports Revenue Surged by 62.6%
COSCO Shipping Ports said that its revenue for the three months ended 30 September 2018 surged by 62.6% to US$253.0 million. The net profit for the same period rose by 11.8% to US$75.1 million.The ports operator in a press release also said that the revenue for the nine months ended 30 September 2018 was surged by 73.5% to US$748.4 million where as adjusted net profit rose by 46.6% to US$244.1 million,For the nine months ended 30 September 2018, the Group’s total throughput increased by 20.6% to 87…
SC Ports State of the Port Emphasizes Infrastructure to Support Growth
Jim Newsome, president and CEO, highlights cooperation and collaboration.South Carolina Ports Authority (SCPA) president and CEO, Jim Newsome, presented the annual State of the Port to an audience of approximately 600 customers, elected officials and shipping industry representatives at the Charleston Area Convention Center. Jim’s presentation focused on the Port’s successes, strategic infrastructure investments to support continued container volume growth, new initiatives to increase Port productivity and overall industry trends that will impact the Port in the future.
Sailors’ Society Celebrates 200 Years
Maritime welfare charity Sailors’ Society’s 200th anniversary events continued with the annual ING wine-tasting evening, which this year raised a glass to the charity’s 200th anniversary.This was the sixth annual wine-tasting hosted by ING at its London headquarters. More than 50 guests attended the evening, where expert sommelier Richard Yates of Ellis Wines guided on wines sourced from countries in which the charity operates.Stuart Rivers, who presented ING ship-finance managing director David Grant with a certificate of support…
Corpus Christi Port to Build Oil Export Terminal
Port to build oil export terminalPrivate equity firm Carlyle Group will partner with the Port of Corpus Christi, the top oil export hub in the United States, to develop a major crude oil export terminal on Harbor Island.Carlyle's announcement comes as infrastructure in the U.S. oil industry struggles to keep up with record levels of production, driven by the Permian shale patch in West Texas. Both international buyers and American producers are waiting for export capacity to increase.Corpus Christi has its own plan to expand operations to handle larger export tankers.
Kiel Port Ends Most Successful Cruise Shipping Season
On Sunday October 28th with the visit of the “AIDAbella” Port of Kiel closed its latest cruise shipping season.This year the port has been visited 166 times by 33 different cruise ships with a combined gross tonnage of more than 11 million. For the first time close to 600,000 cruise ship passengers, 16.4% more than last year, have passed through the port’s terminal facilities to end or embark on cruises.Dr Dirk Claus, Managing Director of the Port of Kiel(Seehafen Kiel GmbH & Co.
Abu Dhabi Ports Acquires Damen Tug Boats for Khalifa Port
Abu Dhabi Marine Services “Safeen”, the marine services subsidiary of Abu Dhabi Ports, announces the purchase of two new state-of-the-art tugboats from Damen Shipyards Group aimed at supporting the AED 10 billion] expansion of Khalifa Port, Abu Dhabi Ports’ flagship deep-water port.The purchase of the DAMEN ASD 2411 tugboats was announced at the Abu Dhabi International Boat Show 2018. The contract was signed by Captain Adil Ahmed Banihammad, Acting Chief Marine Services Officer at Safeen, and Pascal Slingerland, Regional Sales Director for Damen Shipyards Group.
Costa Rica Grants Green Light to Moín Terminal
APM Terminals’ Moín Container Terminal (MCT) in Costa Rica has been granted permission by the National Council of Concessions (CNC) to start commercial operations at its first deep-sea berth. This is a key step for the terminal, which is on schedule to be fully operational in February 2019.The permit, which is subject to meeting all safety and service requirements, will enable the transfer of all commercial container ships currently serviced at Puerto Limón and Puerto Moín to the MCT.
Mombasa Port Receives Largest Container Vessel
Port of Mombasa of Kenya Ports Authority (KPA) pilots has received Mediterranean Shipping Company (MSC) container vessel MSC Maxine master one of largest container vessel to dock at the facility.The port has registered a new performance record of 1450 moves within an eight-hour shift in the container operations, said a press release."The record was set by MSC Maxine in her maiden call at the Port of Mombasa on Wednesday beating the previous record of container carrier Livorno of 1265 moves registered late June this year…
Kiel Reports Successful Cruise Shipping Season
Kiel closes its latest cruise shipping season on Sunday, October 28th with the visit of the AIDAbella.This year the port has been visited 166 times by 33 different cruise ships with a combined gross tonnage of more than 11 million. For the first time close to 600,000 cruise ship passengers, 16.4 percent more than last year, have passed through the port’s terminal facilities to end or embark on cruises. Dr. Dirk Claus, Managing Director of the Port of Kiel (SEEHAFEN KIEL GmbH & Co.