DP World Acquires Fraser Surrey Docks
DP World, one of the world's largest port operators, said on Thursday it has agreed to buy Canadian marine terminal Fraser Surrey Docks from a Macquarie Group fund.The purchase consideration is below 2.5 percent of DP World's net asset value as of December 31, 2018, the port operator said, which Reuters calculated to be under $300 million.The marine terminal, is being acquired through Canadian subsidiary DP World Canada Investment Inc, which is 45 percent owned by Caisse de dépot et placement du Québec (CDPQ).The deal is expected to close in the first half of 2019, DP World said.
ZIM's New Call to Port of Prince Rupert
Canada's Port of Prince Rupert, and DP World Prince Rupert announced a new weekly marine carrier service at the Fairview Container Terminal.ZIM Integrated Shipping Services (ZIM) partnered with the 2M Alliance and has added Prince Rupert as one of their port destinations.With a global reach to over 100 countries, the new ZIM service has made its inaugural call at the Port of Prince Rupert on Wednesday, March 27, 2019 with the arrival of ZIM containers on the Maersk Altair vessel.“The Prince Rupert Port Authority is proud to welcome ZIM.
King Abdullah Port Inaugurated
Saudi Crown Prince, Deputy Premier and Defence Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud inaugurated the King Abdullah Port in Rabigh.The Saudi Arabia’s State News Agency (SPA) reported that Saudi Arabia moved one step closer to its goal of becoming a global logistics hub with launch of the King Abdullah Port.The port, part of King Abdullah Economic City, will make the Kingdom “a linking point of three continents, Asia, Europe and Africa,” the crown prince said at the launch.Minister of Transport Nabil Al Amoudi said the port…
ZIM, 2M Alliance Expand In Asia
ZIM and the members of the 2M Alliance, Maersk and MSC, has announced a second strategic cooperation agreement following the agreement announced in July 2018 in the Asia-US East Coast Trade.The new strategic operational agreement, which will be a combination of Vessel Sharing, Slot exchange and purchase, covers two additional trades: Asia - East Mediterranean and Asia - American Pacific Northwest. In each trade, two strings will be operated in cooperation, as follows:Asia - East…
Prince Rupert Port Authority Invests in Skeena River Salmon
Canada's Prince Rupert Port Authority announced an initiative to support salmon enhancement in the Skeena River watershed.The Skeena River Salmon Enhancement Program dedicates $1 million from PRPA’s Community Investment Fund specifically to partner with local organizations on projects that increase salmon stock productivity and the maintenance and rehabilitation of critical habitat in the Skeena River watershed.The fund will also seek to support innovative pilot projects that will achieve these objectives and support the health…
Fairview Terminal Reaches 1 Million TEU Milestone
The British Columbia’s Port of Prince Rupert and DP World have marked a historic milestone as Fairview Container Terminal handled its millionth container (TEU) for the first time in a calendar year.The 40-foot TEU was loaded with dimensional lumber in Prince George before being shipped to Prince Rupert by train and loaded onto the COSCO Africa container ship to be sent to market.“DP World is proud to have achieved the million TEU milestone,” said Maksim Mihic, General Manager DP World (Canada) Inc.
CSP, Abu Dhabi Ports Partner
COSCO SHIPPING Ports and Abu Dhabi Ports inaugurated CSP Abu Dhabi Terminal at Khalifa Port; positioning Abu Dhabi as the regional hub for COSCO’s global network of 36 ports and further connecting the Emirate to the major trade hubs along the Belt and Road Initiative (BRI).The deepwater, semi-automated container terminal includes the largest Container Freight Station (CFS) in the Middle East, covering 275,000 square meters. It offers facilities for full and partial bonded container shipments…
Intermarine UK Appoints Bowden
Intermarine UK has named former A&P Falmouth procurement manager Mark Bowden as its new production manager.Bowden will be in charge of day-to-day operations at the company’s newly opened 2,400sqm fabrication and welding facility at Portland Port in Dorset.Intermarine UK, part of Polish-owned Inter Marine Group, signed a 20-year lease on the site at the start of this year and has since invested $832,900 in new machinery. The move has enabled the business to evolve from a labor…
Canada's Second Largest Container Terminal's Transition to Navis N4 TOS
DSP Data and System Planning successfully supported the transition of DP World Prince Rupert Terminal, the second largest container terminal in Canada, to the NAVIS N4 terminal operating system (TOS).Prince Rupert selected Navis N4 to improve efficiency, guarantee scalability and sustain their expansion plans.The Prince Rupert Terminal expansion was unveiled in August 2017 to increase the facility’s capacity by 50%, making it one of the fastest growing container ports in North America.Part of the expansion involved installing massive cranes…
Fred. Olsen Cruise Line’s MD Mike Rodwell to Retire
Fred. Olsen Cruise Lines’ managing director, Mike Rodwell, is to retire at the end of August 2019, following 15 years in the role and 31 years with the business.Mike has worked across a number of the Fred. Olsen businesses since he joined the group in 1987, with his first role as accountant for Fred. Olsen’s first-ever designated cruise ship, Black Prince.Following this initial role, Mike spent four years as Financial Controller for Fred. Olsen Travel, before a brief period as Financial and Commercial Manager for Fred.
Richard Branson Resigns as Chairman of Virgin Hyperloop
Sir Richard Branson has stepped down from his role as chairman of Virgin Hyperloop One, saying the company "needs a more hands-on chairman."DP World statement said Branson was stepping down due to the increased commitment of time the position requires.Following the resignation Branson DP World, the largest shareholder in Hyperloop, said it was looking for a new chairman to take the company to the next stage of growth.Commenting on the announcement, Sultan Ahmed Bin Sualyem, Group Chairman and CEO of DP World…
INTTRA Expands Its Carrier Network
INTTRA, neutral network, software and information provider at the center of the ocean shipping industry, announced availability of Antillean Marine on its carrier network, highlighting the increased adoption of INTTRA by regional carriers.INTTRA announced Antillean joined its network in March and today is announcing that the carrier completed integration and is now available for transactions.With offices in Miami, Haiti and the Dominican Republic, Antillean Marine provides service from Miami to Hispaniola…
14,000-TEU ONE Aquila Delivered
Ocean Network Express Pte. Ltd. (ONE) announced it has taken delivery of the 14,00 TEU capacity ONE Aquila at Japan Marine United Corporation’s Kure Shipyard in Hiroshima.
Saudi Arabia Halts Red Sea Oil Exports after Tanker Attacks
Saudi Arabia said on Thursday it was suspending oil shipments through a strategic Red Sea lane after Yemen's Iran-aligned rebels attacked two tankers in the waterway, underscoring the risk of an escalation in tensions in the region.Brent crude futures rose 59 cents to $74.52 a barrel by 1008 GMT, extending their rally into a third day but falling from a 10-day high in earlier trading.Saudi Arabia and arch-foe Iran have been locked in a three-year proxy war in Yemen, which lies on one side of the Bab al-Mandeb strait at the southern mouth of the sea…
Expansion Set for Prince Rupert Fairview Terminal
The Port of Prince Rupert and DP World have agreed on terms of a project development plan that outlines the next phase of expansion for the DP World Prince Rupert Fairview Container Terminal. The Phase 2B expansion will increase annual throughput capacity at Canada’s second largest container terminal to 1.8 million TEUs (twenty-foot equivalent units) when complete in 2022. DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said: “Canada is an important part of our global network and we are delighted to confirm these plans…
Jeddah Mulls Safe and Secure Regional Waters
Signatory States to an agreement aimed at repressing piracy, armed robbery and illicit maritime activity in the western Indian Ocean and the Gulf of Aden Area have agreed that building response capability and information sharing are vital steps towards achieving a more safe and secure maritime environment. The signatories to the revised Code of Conduct concerning the repression of piracy, armed robbery against ships and illicit maritime activity in the western Indian Ocean and the Gulf of Aden Area…
OP/ED: How Growth Can Benefit the Environment
You might call 2017 a banner year for California ports. San Pedro Bay, home to the nation's leading twin ports of Los Angeles and Long Beach exceeded their pre-recession peaks. Collectively, San Pedro Bay was up 7.2% from its 2006 peak. It took a decade to get there and while you wouldn't want that sort of annualized growth going forward, it did arguably mark the end of San Pedro Bay's recession dip. More importantly, growth looks to continue in 2018. As of the end of May, year to date container volumes are 3.7% higher over the same period in 2017.
THE Alliance Updates Asia-North America West Coast Service
Members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have announced a services update regarding their Trans Pacific - West Coast products in response of schedule integrity improvement, extensive product enhancement and better cost efficiency. The update of THE Alliance product will feature total six services in Asia/North America West Coast. The PS5 and PS8 services will conjugate into one combined service and cater for customers connecting the key ports of North China, Central China and North America gate ports.
I-Tech AB Becomes Clean Shipping Index Member
The developer of the barnacle-repelling antifouling ingredient Selektope have become members of the non-profit organization Clean Shipping Index (CSI). Through its membership, I-Tech AB will encourage environmentally responsible decisions around antifouling coating procurement to users of CSI’s holistic labeling system which ranks the environmental performance of ships. I-Tech will seek to promote the benefits of choosing less environmentally impactful antifoulings and educate CSI users on the impact of coating types…
DP World to Invest $1bn in Expansion
DP World is planning to annually inject up to $1 billion in global investments until 2020, local media quoted company chairman and CEO Sultan Ahmed Bin Sulayem as saying. The expansion at Prince Rupert in Canada opened for business. DP World Limassol in Cyprus opened a new cruise terminal. A series of acquisitions, technology tie-ups and sustainable business achievements all formed part of the activities that saw the global trade enabler expand its business horizons across the world.
DP World, India’s NIIF to Create USD 3 bln Investment Platform
The National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund, and Dubai-based ports operator DP World have announced the creation of an investment platform to invest up to $3 billion in ports, terminals, transportation and logistics businesses in India. The partnership follows the Memorandum of Understanding (MoU) signed in May 2017 and the visit to India of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, in February 2016.
INTTRA Grows Container Orders to 45 Million
INTTRA, a neutral electronic transaction platform, software and information provider at the center of the ocean shipping industry, today announced significant growth in its carrier network with the recent addition of four new carriers, including Evergreen Marine Corporation, one of the largest container fleets in the world. The continuing growth of INTTRA's carrier network signals the rapid adoption of digitalization across the industry. More than 60 carriers, including all of the top 10, are INTTRA customers*.
INTTRA Expands Carrier Network
INTTRA announced significant growth in its carrier network with the recent addition of four new carriers, including Evergreen Marine Corporation, one of the largest container fleets in the world. The continuing growth of INTTRA's carrier network signals the rapid adoption of digitalization across the industry. More than 60 carriers, including all of the top 10, are INTTRA customers. "2017 was a tremendous year for INTTRA, with container orders growing by 12%, and the company processing 45 million container orders on its platform," said John Fay, CEO of INTTRA.
FLIR Helps Keep One of Canada’s Largest Ports Safe
As Canada’s second largest container port and North America’s fastest growing port for transpacific trade, the Port of Prince Rupert in British Columbia is committed to providing mariners with safe, efficient and productive port operations. To ensure the port operates safely and securely, rotating crews work day and night aboard the Charles Hays patrol boat, a vessel fitted with a full complement of FLIR thermal and Raymarine navigation technologies. The equipment includes two 12-inch Raymarine MFDs…
Hapag-Lloyd's First-Ever Call at Prince Rupert
Hapag-Lloyd, the market leader in Canada, is expanding its local network. On April 21, the “YM Masculinity” called at a new destination, the Port of Prince Rupert, for the first time. The ship, which operates on the ‘PS8’ service of THE Alliance, was sailing from Asia to North America offering leading transit times and new options for customers. “With the decision to incorporate Prince Rupert into our network, we strengthen and further expand our position in Canada,” explained Uffe Ostergaard, President of Hapag-Lloyd America.
Sailors’ Society Marks 200th Anniversary
More than 500 guests joined the world’s oldest maritime welfare charity as it marked its 200th anniversary at Southwark Cathedral earlier this week.Sailors’ Society was founded in London in 1818 to help seafarers returning home from the Napoleonic Wars.