Georgia Ports plan 8 million TEU capacity by 2028
Georgia Ports Authority’s 10-year, $2.5 billion plan aims to expand the capacity of the nation's fastest growing and single largest container terminal from 5.5 million twenty-foot equivalent unit containers (TEUs) to 8 million.GPA Executive Director Griff Lynch detailed the growth plan, at the Savannah State of the Port event today. "We're preparing to redefine the Port of Savannah as not simply the load center for the Southeastern U.S., but as the port of choice for major inland markets east of the Mississippi River," he said.During his presentation to nearly 1,400 people, including Gov.
ICPC Advocates Joint Vessel Inspection
The Acting Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa Usman Abubakar has stressed the need for all government agencies in the maritime sector to carry out joint inspection of vessels at the ports in order to fully actualize the Ease of Doing Business initiative of the Federal Government.Dr. Abubakar who made this known when he led a joint team from the Nigerian Shippers Council (NSC) and the Commission on a courtesy visit…
Odfjell Finalizes Sale of Rotterdam Tank Terminal
Norwegian shipping and tank terminal company Odfjell SE announced on Thursday that it has finalized the sale of its tank terminal in Europe's largest port.The company announced in July that Odfjell Terminals entered into an agreement with Koole Terminals B.V. of the Netherlands to sell its 100 percent ownership of Odfjell Terminals Rotterdam in a move to help reduce debt. Odfjell said the sale has generated $100 million of cash proceeds.The terminal in the Port of Rotterdam has total storage capacity of 1,622,000 cbm in 270 tanks.
MOL Launches Sunflower Kirishima
Mitsui O.S.K. Lines (MOL) announced that the newly built large-scale ferry Sunflower Kirishima operated by its group company Ferry Sunflower was launched on September 15, and with many passengers aboard, departed the Nanko Sunflower Terminal in Osaka Prefecture for the Port of Shibushi, Kagoshima Prefecture.The new Sunflower Kirishima has room for 20% more trucks compared to the old Sunflower Kirishima.With its sister ferry, the Sunflower Satsuma, which was launched on May 15…
Portugal Joins WISTA International
The Women’s International Shipping & Trading Association (WISTA) has welcome Portugal to the global network of executive women in shipping.The launch of WISTA Portugal was announced today by Ana Paula Vitorino, Portugal’s Minister of the Sea at Portugal Shipping. WISTA Portugal joins 44 other National WISTA Associations (NWAs).“WISTA International has had a strong relationship with Portugal’s women in shipping,” said WISTA International President Despina Panayiotou Theodosiou. “We are proud to formally include Portugal in the WISTA family.
San Pedro Bay Ports Ready Cleaner Truck Rules
New trucks entering service at the Port of Long Beach and the Port of Los Angeles as of October 1, 2018, must be model year 2014 or newer, as the San Pedro Bay ports move forward with efforts to improve air quality and reduce the health impacts of air pollution.As part of the Clean Trucks Program, all trucks going into marine terminals in the two ports must be on the Port Drayage Truck Registry (PDTR). The new requirement applies only to trucks registering in the PDTR for the first time. Trucks that are already registered as of Sept.
Maersk to Merge Damco, Ocean Product Units
A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world.The operator of Maersk Line, the world's largest container shipping company, kicked off a restructuring drive in 2016 that saw it sell its oil and gas business last year to focus on transport and logistics business.Maersk said its latest change would take effect on January 1…
Gulftainer Wins Contract to Operate U.S. port of Wilmington, Delaware
As first reported in the JULY / AUGUST edition of Maritime Logistics Professional magazine, Gulftainer through its subsidiary GT USA, Wilmington had inked a tentative deal with the State of Delaware which would grant GT USA, Wilmington exclusive rights to operate and develop the Port of Wilmington, on the Delaware River downstream from Philadelphia for the next 50 years. That deal is now official.Privately-owned Gulftainer today operates the Canaveral Cargo Terminal in the Port of Canaveral, Florida.
Gulftainer Signs 50-year Lease for Port of Wilmington
Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the United Arab Emirates, finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach.The agreement, signed by Gulftainer’s subsidiary GT USA, will see an expected investment of up to $600 million in the port to upgrade and expand the terminal and to turn…
Port Management and Efficiency Training in France
High-level officials and decision-makers from maritime and port authorities around the world are undergoing intense training in port management and operational efficiency at the annual Advanced Course on Port Operations and Management based in Le Havre, France (10 September to 12 October).The opening of the course coincided with Le Havre's celebration of World Maritime Day and its theme: International Maritime Organization (IMO) 70 Our heritage – better shipping for a better future.IMO's Chris Trelawny delivered the opening address and lectured on the role of IMO…
Port of Kiel: Ostuferhafen Access Area Restructured
The Port of Kiel has begun the partial demolition of a former grain storage facility as part of a plan to completely restructure the access area to the Ostuferhafen. The demolition along with the integration of adjacent areas will free up 2.8 hectares in the port access area on which expanded hard standing space can be created for trucks, trailers and cars. So far, separated pre stowage sectors can now be combined outside the ISPS-zone.Dr. Dirk Claus, Managing Director of the Port of Kiel (SEEHAFEN KIEL GmbH & Co.
DP World to Issue $3.3 bln of Multi-Currency Bonds
Dubai port operator DP World is to issue more than $3.3 billion in bonds divided across different currencies and formats, according to bank documents seen by Reuters.The company will issue $1 billion in 10-year sukuk, or Islamic bonds, offering 175 basis points over mid-swaps. It is also selling $1 billion in 30-year conventional bonds, with a yield set at 5.7 percent.In addition to the dollar-denominated deals, the Dubai logistics company is selling a 750 million euro ($878 million)eight-year bond and a 350 million pound ($461 million) bond with a 12-year maturity.
Port of San Juan: A Case Study in Port Security Innovation
Thirty-six hours after Hurricane Maria hit Puerto Rico, the port of San Juan was back up and running, scanning the incoming relief cargo as it arrived. Now, nearly a year after the historic storm, San Juan remains one of the most secure and efficient ports in the world, scanning and adjudicating cargo shipments at an unprecedented speed, with wait times similar to pausing at a stop light. It was the first and only port in the Western Hemisphere to scan near-100 percent of incoming containerized cargo (bulk, un-containerized cargo is not scanned).
DP World Markets Eight-year Euro-denominated Bond
Dubai's port operator DP World has started marketing an eight-year euro-denominated bond, a document by one of the banks leading the deal showed.The transaction would add to the expected issue of 10-year sukuk, or Islamic bonds, and 30-year conventional notes that the company started marketing to investors earlier on Tuesday.DP World, rated Baa1 by Moody’s and BBB+ by Fitch, has given initial price guidance of around 185 basis points over mid-swaps for the euro-denominated notes, the document showed.Barclays, Citi, HSBC, and Societe Generale are arranging the deal, which is expected to price l
HHLA Transports Ship Propeller for Hyundai Supreme
Hamburger Hafen und Logistik AG (HHLA) loaded the biggest ship propeller in the world onto a vessel. The “HHLA IV” floating crane brought the gigantic 110-tonne object to the port of Waltershof, where it was hoisted onto the “Hyundai Supreme” container ship.It was the most powerful ship propeller to have ever been lifted by the hook of a HHLA floating crane. Although HHLA regularly loads the specialised products of Mecklenburger Metallguss GmbH (MMG) onto ships in Hamburg, the latest propeller…
ABS to Class Singapore's First LNG Bunker Barge
Singapore’s first liquefied natural gas (LNG) bunker barge scheduled to begin construction in January 2019. The 7,500 cubic meter capacity barge will be owned and operated by a joint venture between Shell and Keppel Offshore & Marine, FueLNG Pte Ltd, who selected ABS to class the vessel.To help spur the project, Singapore’s Maritime and Port Authority (MPA) recently granted up to $3 million to FueLNG Pte Ltd to build the barge. The vessel will be based in the Port of Singapore…
Maritime Industry's Slow Boat to Cyber Security
Ports making up for lost timeDespite the critical role the maritime transportation system plays in the economic health of the United States, and despite its fairly recent embrace of all things automated – cranes, vehicles, surveillance and even vessels – the sector has been slow to warm to the need to protect its digital systems and assets.Post 9/11, security concerns about the nation’s borders, air space and infrastructure, including ports, moved front and center for a brief moment before other concerns…
Maritime Ports Pushed to Up Cyber Security
Resilience planning, Info Sharing Take Spotlight“Oh what a tangled web we weave, when first we practice to deceive.” That old chestnut gets turned on its head when it comes to port cyber security. It’s more like “Oh what a tangled web we’ve woven, so much harder to stop data stolen.”Ports today have the physical aspect of security pretty well nailed shut - gates, locks, fencing, alarms, cameras, drones, etc. As Chris Mason, Rajant Corp.’s director of sales for EMEA, notes, “Every…
Crowley Opens Retail Shipping Center in Miami
Crowley LOGISTICS has opened a new walk-up retail shipping service center in South Florida to better serve consumers shipping small parcel and retail cargo to Puerto Rico, the Caribbean and Central America.The new space is devoted to less-than-container load (LCL) shipments and is housed within the company’s expanded Medley warehouse in Miami. Catering to non-commercial shippers, the retail center is staffed with service-oriented team members who will guide consumers through the packing…
Besix completes construction of Bahrain LNG Import Terminal
Brussels-headquartered contracting giant Besix has completed the design and construction of Bahrain Liquefied Natural Gas (LNG) Import Terminal in Muharraq Island.The Bahrain LNG Import Terminal forms a vital part of the energy infrastructure of Bahrain as it provides the country with a secure supply of liquified natural gas to meet the country’s growth in demand for natural gas in order to fuel large industrial projects, to generate power and water, and for enhanced oil recovery.The…
IMO Training for Reducing Emissions in Ports
International Maritime Organization (IMO)'s work to promote better understanding of - and steps to reduce - emissions in ports has reached Georgia, at a workshop for regional participants from Georgia, Ukraine and Turkey.The event, in Batumi (10-12 September) focused on how to undertake emissions inventories and calculate emissions, including GHGs and air pollutants. Participants were also introduced to strategies to address emissions from different sources – such as from seagoing vessels…
Virginia Ports See Limited Impact from Hurricane Florence
The Coast Guard Captain of the Port of Hampton Roads has reopened the ports in Virginia, which saw limited impacts after Hurricane Florence made landfall as a category 1 storm on Friday morning.“Coast Guard Sector Hampton Roads is coordinating very closely with our port partners to ensure a quick and safe recovery from Hurricane Florence,” said Capt. Kevin Carroll, the commander of Sector Hampton Roads. “Our number one priority is saving lives and preventing life-endangering activities on our waterways.
Kings Point Alumni Release Commemorative Video
Video marks Academy's 75th year and those who made the ultimate sacrifice.Alumni of the United States Merchant Marine Academy (USMMA) released an inspiring video to commemorate the 75th anniversary of the institution and memorialize midshipmen who have died in service to the nation. Over the summer, the USMMA Alumni Association and Foundation (USMMA-AAF) has been executing a multi-faceted campaign to mark the federal academy's decades of service and the foundational role it plays…
New Report Highlights Positive Impact of Illinois International Port District
The Great Lakes Seaway Partnership announces the release of Economic Impacts of the Port of Chicago, a report documenting the many contributions made by the Illinois International Port District (IIPD) and Great Lakes Seaway Shipping to the City of Chicago, Cook County, State of Illinois and Great Lakes region.The study reports that in 2017 the IIPD and maritime commerce supported:6,381 jobs$820.4 million in economic activity$514.8 million in personal income and local consumption…
ATCO Buys 40% Stake in South American Port
Calgary-based natural gas, electrical and real estate giant ATCO is getting into the transportation business after buying a 40-per-cent stake in a South American port operator Neltume Ports for about CAD$450 million (USD$340 million).Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities and three stevedoring businesses primarily located in Chile and Uruguay. “This acquisition represents an important milestone in the execution of ATCO’s long-term strategy to diversify…
Seven Major Ports Join Climate Action Program
Seven ports have now elevated the Paris Agreement Climate Goal to the top of their agendas to keep global warming well below 2°C.With their World Ports Climate Action Program announced, the port authorities of Hamburg, Barcelona, Antwerp, Los Angeles, Long Beach, Vancouver and Rotterdam will collaborate in refining and developing tools to facilitate reduction of CO2 emissions from maritime transport.The Port Authority organisations call upon the shipping industry and other ports…
In Wake of 'Olivia', Pasha Hawaii Resumes Cargo Ops
Honolulu-based ocean carrier Pasha Hawaii resumed operations last night at Pier 1 and Pier 51 at Honolulu Harbor, after receiving an all clear from the U.S. Coast Guard and Hawaii Department of Transportation Harbors, following the passage of Tropical Storm Olivia over the Hawaiian Islands and the re-opening of all ports.Two Pasha Hawaii vessels — specialty RoRo vessel M/V Jean Anne and containership Horizon Enterprise — which had been positioned nearby in order to quickly return to port, commenced offload operations Wednesday evening as anticipated.
Port of Oakland: Imports Up 9.2%
Peak season is off to a record start at the Port of Oakland. The Port said that it handled the equivalent of 85,166 loaded 20-ft. import containers last month. It was the busiest August in the Port’s 91-year history.The Port’s record performance signaled a strong start to the peak shipping season. The August-through-October period is traditionally the highwater mark for container shipping. It’s the time of year when U.S. retailers stock shelves for holiday merchandising.Oakland’s August import volume was up 9.2 percent over August 2017.
Navy, Coast Guard Assets Repositioned as Florence Threatens
Preparations underway all along the Eastern Seaboard. As Hurricane Florence threatens a wide swath of the U.S. East Coast, the U.S. Navy and Coast Guard are taking no chances as the dangerous storm advances westward. As that happens, most Navy ships are departing ports in Virginia. As many as 30 vessels from Naval Station Norfolk and Joint Expeditionary Base Little Creek on Monday. Following close behind, the Coast Guard’s medium endurance cutter Bear could also be seen heading…
Port of La Spezia to Grow Container Handling Capacity 33%
Officials from the Italian Port of La Spezia and Contship Italia were in New York City today to discuss new investment in and strategic advantages of this historic port and facilities nestled in the Northwest corner of Italy.The second largest port in Italy, the Port of La Spezia counts geographic location as its first advantage, boasting a 48-ft. depth and situated on the Mediterranean Sea, the crossroads between Europe, Africa and the Middle East. While Asia dominates trade to and from La Spezia with nearly 45% of its business…
Volvo Shows Off Self-driving Truck With No Cab
Sweden's Volvo, the world's second-biggest truck maker, presented a new self-driving electric truck on Wednesday, which it said should help respond to the boom in ecommerce and a shortage of freight drivers.Volvo said the truck, which does not have a driver's cab, was still under development and declined to say when it would be available commercially. It expects the vehicle to be deployed first in places like ports and large logistics centers."We believe there will be a driver behind the steering wheel for the foreseeable future…
GAC UK Announces New Senior Management
Shipping, logistics and marine services provider GAC UK has appointed four General Managers to strengthen its core services and commercial focus.“Each of the General Managers brings a wealth of experience to their respective role,” said Herman Jorgensen, Managing Director of GAC UK. “The new structure evidences our commitment to providing the best possible products and service to the Oil, Gas and Renewables, Shipping, Freight, Marine Leisure and Events sectors we serve and heralds in an exciting new era for GAC UK.”Jeremy Troughton…
NC Ports Hurricane Florence Notice - Update #5
The North Carolina State Ports Authority continues to closely monitor Hurricane Florence. The Port of Wilmington and the Port of Morehead City are currently at Condition Zulu and closed to all vessel traffic.NC State Ports Authority continues its Hurricane Preparation Plan and is taking all necessary steps to protect cargo, facilities and equipment.NC Ports' terminals in Wilmington and Morehead City are CLOSED to commercial truck traffic Wednesday, September 12, however, tenants have access to both Ports but must complete any storm preparations by 5:00 pm.
Novatek Signs Pact for Kamchatka LNG Transshipment Complex
Russia’s natural gas producer Novatek has signed an agreement of intent on implementing a project for the construction of a marine liquefied natural gas (LNG) transshipment complex in the territory of Kamchatka.PAO Novatek, the Ministry of the Russian Federation for the Development of the Far East and the Government of the Kamchatka Territory signed an agreement of intent on implementing a project for the construction of a marine LNG transshipment complex in the territory of Kamchatka.The Agreement provides for Novatek’s investment in the amount of approximately RR 70 billion.
Ultra-Deepwater Port Location Revealed at Shetland
Scottish Government identifies Dales Voe in Lerwick in Shetland as “preferred site” for an "ultra deep water" decommissioning port after UK-wide feasibility study.Scotland’s supply chain could be set to win more large scale decommissioning projects, after Dales Voe in Shetland has been identified as the optimal location for an ultra-deep water port.The Lerwick location was selected following a UK-wide feasibility study, conducted by Ernst and Young, has as the optimal and most…
Port of Long Beach Awarded $50 Mln for Zero Emissions Project
The drive toward cleaner goods movement continues on the U.S. West Coast. The Port of Long Beach announced Tuesday it has received preliminary approval for a $50 million grant from the California Air Resources Board (CARB) to demonstrate a near-zero and zero-emissions supply chain at the nation’s second-busiest seaport.CARB has preliminarily awarded the grant for the Sustainable Terminals Accelerating Regional Transformation (START) Project, which will demonstrate nearly 100 pieces of zero-emissions terminal equipment and trucks at three California seaports…
Echo Elects Henkels to Its Board of Directors
Echo Global Logistics, Inc., a provider of technology-enabled transportation and supply chain management services, has announced that Virginia “Ginnie” Henkels was named to the company's Board of Directors, effective Monday, September 10.Henkels served as Executive Vice President, Chief Financial Officer, and Treasurer of Swift Transportation Company, a $4 billion North American truckload carrier, from 2008 to 2017. There she held various accounting and finance leadership positions starting in 2004.
Kiel Marks 150th Cruise Ship Call This Season
The cruise ship Aurora, part of the fleet of the English shipping company P&O Cruises, arrived early Tuesday morning for her first visit to the Kiel Fiord.The ship’s maiden call also marked the 150th visit to Kiel this year by a cruise ship. Nicole Claus, Cruise Shipping Director of the PORT OF KIEL said: “Actually it’s the very first time ever that we have registered 150 visits in a single season. The arrival of the Aurora is a milestone which underscores the development of Kiel…
Port Freeport Invests in LED Lighting
Bright Light Systems (BLS), a Georgia-based manufacturer of energy-efficient LED luminaires and wireless lighting controls, recently completed Phase 1 of the transition to high-mast LED lighting along with the Bright Light Management System (BLMS) software for Port Freeport.“Port Freeport is continually evaluating innovative technologies that will support sustainable operations. The energy-efficient LED lighting and controls solution from Bright Light Systems supports our commitment to sustainable energy management and reducing our carbon footprint…
Transnet Due to Commence DCT Berth Deepening Project
Transnet’s forthcoming project to create deeper berths at Durban Container Terminal (DCT): Pier 2’s North Quay will enable the Port of Durban to accommodate newer generation container vessels by 2023.Addressing stakeholders at a business breakfast in Durban on Tuesday, representatives of Transnet National Ports Authority (TNPA), Transnet Port Terminals (TPT) and Transnet Group Capital (TGC) provided a project update to stakeholders ahead of anticipated site establishment by end…
Uniper Sees Merit in Building LNG Terminal at Wilhelmshaven
Germany's Uniper on Tuesday said it favors a liquefied natural gas (LNG) terminal at the Wilhelmshaven deep sea port on the North Sea coast, less than a week after peer RWE said it secured access to capacity should a rival project at Brunsbuettel go ahead."Wilhelmshaven in particular can be a suitable location, there are many arguments in favour of it," spokesman Leif Erichsen said in a written statement.He cited the port's ability to offer infrastructure for LNG vessels of all sizes and its proximity to the German long-distance gas pipeline grids and underground storage caverns in the norther
DP World Says to Pursue All Legal Means in Djibouti Dispute
DP World said on Tuesday it would continue to pursue all legal means in its dispute with the government of Djibouti which seized a port terminal operated by the company earlier this year.Djibouti this week nationalized shares held by the Port of Djibouti in the Doreleh Container Terminal, a joint venture operated by DP World until February when the government seized the terminal.(Reporting by Alexander Cornwell; editing by Jason Neely)
ICTSI Basra Builds Up Umm Qasr Port Capacity
The ability of the Port of Umm Qasr in Iraq to receive direct calls from larger container vessels is being progressively boosted by the new terminal development program at Basra Gateway Terminal (BGT).A significant milestone was reached at the end of August with the servicing of Evergreen’s 5652-TEU capacity Ever Useful with a LOA of 285 meters, beam of 40 meters, and a GRT of 69,246 tons. The vessel is by far the largest to call Berth 27 at BGT.In attendance during the arrival of the boxship and marking the significance of the occasion were Chief Atheal…
SC Ports Achieves Record Box Volume
South Carolina Ports Authority announced the highest monthly container volume in its history, with 206,541 twenty-foot equivalent container units (TEUs) handled in August.August container traffic surpassed the Port’s previous record of 201,163 TEUs achieved in June and marked a 16 percent jump from 177,728 TEUs handled in August 2017. SCPA’s fiscal year container volumes are up 13 percent compared to the same period last year, with 407,135 TEUs moved since July 1.August was also the highest month in SCPA history for pier container volume, or total boxes moved.
PortMiami's Kuryla Elected Chairman of the Florida Ports Council
At the Florida Ports Council Annual Board Meeting last week in St. Petersburg, PortMiami Director and CEO Juan Kuryla was elected chairman.Kuryla replaces Port Everglades Chief Executive/Port Director Steve Cernak. Port of Palm Beach Executive Director Manuel Almira was elected as vice chairman and Port Panama City Executive Director Wayne Stubbs was elected secretary/treasurer. All positions serve one-year terms.The Florida Ports Council is the professional association of Florida’s 14 public seaports…
Port Hedland Iron Ore Shipments to China Jump
Iron ore shipments to China from Australia's Port Hedland terminal rose nearly 10 percent in August from a month earlier, port data released on Monday showed.Iron ore shipments to China from the world's biggest iron ore port totalled 35.5 million tonnes in August, up from July's 32.4 million tonnes, according to the Pilbara Ports Authority.Total August iron ore shipments from the port totalled 42.4 million tonnes, higher than the 40.7 million tonnes shipped a month prior, but 1 pct lower than August 2017.Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton , Fort
Oil Shipments From Georgia's Batumi Drop 45%
Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell by 45.3 percent in the first eight months of 2018 from a year earlier, an official at the KazMunaiGas operated terminal said on Monday.Some crude oil has been re-routed to the Baku-Tbilisi-Ceyhan pipeline and to the Caspian Pipeline Consortium this year, the official added, while some fuel oil has been sent to the port of Taman in Russia and Georgia's other Black Sea port of Kulevi.The fall is partly because Azerbaijan prefers to send its oil through the pipeline or by rail in Georgia via its own terminal in Kulevi, rat
DP World Plans 10-year Dollar Sukuk, 30-year Conventional Bond Sale
DP World, the Dubai logistics group and one of the world's biggest port operators, will meet fixed income investors ahead of a planned 10-year benchmark dollar sukuk offering, a document issued by one of the banks arranging the potential issue showed on Monday.The company has hired Barclays, Citi, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan, Société Générale and Standard Chartered Bank as joint bookrunners for the planned sukuk, or Islamic bond.
Essberger Tankers Sign Deal with GAC
Chemical tanker operator Essberger Tankers has signed a ship agency deal with GAC throughout Scandinavia. Under the agreement, GAC will handle an estimated 600-800 port calls a year for Essberger’s fleet of vessels carrying a wide range of high-grade chemicals.The deal comes after more than 20 years of GAC managing Essberger’s port calls in Finland. The shipping and logistics service provider’s ability to deliver the same level of support from its expanding network of offices in Sweden…
Djibouti Nationalizes Stake in Doraleh Container Terminal
Djibouti has nationalized the two-thirds stake in its Doraleh Container Terminal held by the Port of Djibouti, the government said in a statement, the latest twist in a dispute with Dubai's government-controlled DP World dating back six years.In February, Djibouti ended a contract with DP World, one of the world's biggest port operators, to run its Doraleh Container Terminal (DCT), and seized control of the terminal.A London court later said DP World's contract to run the terminal was still valid.The port of Djibouti, PDSA, is itself majority-owned by the Djibouti state and in turn owns a two-
Port of Long Beach Sees Cargo Dip
Container volumes at the Port of Long Beach were 1.9 percent lower in August compared to the same month the year before.A total of 679,543 twenty-foot equivalent units (TEUs) were moved through the Port. Imports declined 3.6 percent to 343,029 TEUs. Exports increased, inching up 1.9 percent to 119,546 TEUs. Empty containers sent overseas dipped 1.1 percent to 216,968 TEUs.August 2017 was one of the busiest months in the Port of Long Beach’s 107-year history. At the time, it was the third-busiest month ever…
CMA CGM Margin Hit in Q2
French shipping liner CMA CGM said that rising oil price impacted its operating income in second quarter of 2018. "Volume growth and positive net income in a market environment affected by rising fuel costs," said a press statement from the company.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, commented on the results:"Over the second quarter CMA CGM has recorded a core EBIT margin close to the first quarter as well as a positive net income in spite of a sharp increase in fuel prices.
Port of Duluth-Superior Generates $1.4 bln and 8,000 Jobs
The Port of Duluth-Superior generated $1.4 billion in economic activity and supported 7,881 jobs last year. Handling 35 million short tons of cargo generated over $504 million in total wages, salaries and purchases of goods and services in the regional economy. Cargo movement and vessel activity at the port also generated a total of nearly $240 million in federal/state tax revenues.The full report for the Port of Duluth-Superior, released by the Duluth Seaway Port Authority, spotlights…
Latvia’s Economy Growing via German Ports Too
Latvia recorded the strongest real growth among European states in the first quarter of 2018, posting a seasonally adjusted rise of 5.1 percent on strong domestic demand, driven by EU funded major projects, and greatly consuming private households. Goods flows in the Baltic States move not least of all via the Ports of Lübeck and Hamburg. Just how closely the German economy is linked to this Baltic state was showcased at an event in Liepaja, Latvia initiated by Port of Hamburg Marketing jointly with the Ports of Lübeck and Liepaja…
Kalmar STS for Curaçao Port Services
Kalmar, part of Cargotec has signed a contract for supplying two Kalmar Ship-to-Shore (STS) cranes, including related spare parts, to Curaçao Port Services, said a press release.The Panamax size cranes will be used for modernising the customer's container handling operations at the Willemstad Container Terminal in Curaçao. The order was booked into Cargotec's 2018 third quarter order intake, and the delivery is planned to be completed by the end of 2019. The island of Curaçao is located strategically in the Southern Caribbean approximately 35 miles off the northwestern coast of Venezuela.
Antwerp Port: Brexit Ready
The UK is the third-largest maritime trading partner for the port of Antwerp. In order to be fully prepared for Brexit the Port Authority is taking various initiatives including the appointment of a new representative for the UK and Ireland. Justin Atkin has assumed this role as of 1 September 2018.With an annual freight volume of around 15 million tonnes the UK is the port of Antwerp's largest maritime trading partner after the USA and Russia. Antwerp is also ideally situated as an investment location close to the European centres of decision-making…
MOL Worldwide Logistics Establishes Hong Kong HQ for MOL NVOCC Operations
Mitsui O.S.K. Lines (MOL) announced the establishment, effective July 1, of MOL Worldwide Logistics (MWL), and that they will lead MOL Group non vessel operating common carrier (NVOCC) business in Hong Kong.In a press release the company clarified that Non Vessel Operating Common Carrier (NVOCC) does not have own transport means (vessels), but carries cargoes between ports and to the final place of delivery by using other shipping companies.MOL Executive Officer Michael P.Y. Goh was appointed CEO of MWL.
Indian Ports Register Positive Growth of 5.13%
The Major ports in India have recorded a growth of 5.13% and together handled 288.38 MTof cargo during the period April to August, 2018 as against 274.32 MThandled during the corresponding period of previous year.For the period from April-August 2018, nine Ports Kolkata, Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayal have registered positive growth in traffic.According to a statement from the Ministry of Shipping, the highest growth was registered by Kamarajar Port (17.24%)…
Brazil Minimum Freight Rates Hurt Port Cargos -Association Chief
Brazil's policy of setting minimum freight rates is reducing the volume of cargo at Brazilian ports as farmers and agricultural exporters have difficulty arranging transportation at higher cost, according to the head of a Brazilian ports association.The country instituted minimum rates for freight above the previous market rate as part of a deal to end a truckers' strike over high diesel prices in May. The strike paralyzed the country's roadways, preventing agriculture exports…
Joyce Krane Moves into Maritime Sector
The family business Joyce Krane from Karratha recently ordered an LHM 280 Mobile Harbor Crane. The Australian heavy lift and logistic company has been a Liebherr customer of mobile cranes for many years and is now opting for its first Liebherr maritime crane. Joyce Krane, an Australian heavy-lift and logistics specialist with more than 40 years of experience, is a long-standing Liebherr customer for mobile cranes. Joyce Krane from Karratha recently ordered an LHM 280 Mobile Harbor Crane for quayside operation in Dampier, Western Australia.