DP World Buys North American Terminal
Dubai-based port operator DP World announced it has completed the acquisition of Fraser Surrey Docks in Canada from Macquarie Infrastructure Partners (MIP) alongside its partner Caisse de dépôt et placement du Québec (CDPQ).The enabler of global trade said in a press release that said the acquisition complements its footprint in Canada, which also includes terminal operations in Vancouver, Nanaimo, Prince Rupert and St John’s, without disclosing the value of the purchase.The integrated coast-to-coast platform provides customers with bulk…
Evergreen, CN Extend Intermodal Pact
Canadian National Railway (CN) and Taiwanese container transportation and shipping company Evergreen Line announced that their long-standing relationship of 27 years will continue with a new agreement extending their intermodal partnership.Evergreen and CN have long enjoyed a mutually beneficial partnership, with Evergreen calling at CN served ports such as Vancouver, Prince Rupert, and Halifax. This new agreement furthers the privileged relationship between both companies.“We are pleased to be renewing our partnership with CN…
Cosco, CN Extend Intermodal Pact
Canadian National Railway (CN) announced that COSCO Shipping has chosen CN to be the exclusive rail provider for the Chinese state-owned shipping company's discharge at the Ports of Vancouver, Prince Rupert, Montreal, and Halifax to all currently served CN destinations.“We are proud that CN’s supply chain logistics and focus on growth has earned the continued trust of COSCO shipping’s business,” said Keith Reardon, senior vice-president of consumer product supply chain at CN.“This is yet another strategic contract signed recently.
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.
Fakes Make Up 3.3% of Global Trade
Trade in counterfeit and pirated goods, mostly originated in China, has risen steadily, posing a major challenge in an innovation-driven global economy, revealed a new study.Trade in counterfeit and pirated goods has risen steadily in the last few years – even as overall trade volumes stagnated – and now stands at 3.3% of global trade, according to a new report by the Organisation for Economic Co-operation and Development (OECD) and the EU’s Intellectual Property Office.Trends…
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.
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…
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.
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.
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…
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.
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…
Prince Rupert Port to Boost Agricultural Exports
The Port of Prince Rupert announced an expansion project for containerized cargo on Ridley Island that will help crops from the Canadian agricultural industry reach international markets while expanding intermodal logistics capacities at the Port of Prince Rupert. Ray-Mont Logistics is developing an integrated logistics and container loading operation at the south end of the Ridley Island Industrial Site on the recently-constructed Road, Rail and Utility Corridor. The operation will involve pulses and cereals (such as lentils…
OCEAN Alliance Launch Announced
CMA CGM, a leading worldwide shipping group, launches Saturday April 1st the 40 new maritime services of its new operational alliance OCEAN Alliance. Combining this new offer of maritime services with a global intermodal and logistics offer, CMA CGM Group and its subsidiaries supply its customers with tailored solutions, even more competitive on the routes Asia-Europe, Asia-Mediterranean, Asia-Red Sea, Asia–Middle East, Trans-Pacific, Asia-East Coast of North America trades and Transatlantic.
Canada to Roll Out First Propane Export Terminal
Royal Vopak and AltaGas have entered into a joint venture and will invest together in the development of the Ridley Island Propane Export Terminal (RIPET). RIPET is expected to be the first propane export facility off the west coast of Canada. The project is to be designed to ship 1.2 million tonnes of propane per annum, with approximately 96,000 cubic meters of storage capacity. The facility is expected to be commissioned in Q1 2019. Vopak will take a 30 percent interest in RIPET.
DP World Reports 13.5% Container Volume Hike in Q3
DP World Limited handled 52.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2017, with gross container volumes growing by 10.0% year-on-year on a reported basis and 9.6% on a like-for-like basis. The third quarter growth rates accelerating to 13.5% year-on-year on a reported basis and 13.3% on a like-for-like basis, ahead of second quarter growth and Drewry Maritime’s upgraded industry estimate3 of 5.5% throughput growth in 2017.
Northwest Seaport Alliance: Innovative, Ideally Located and Together as One
Located in the Pacific Northwest in Washington State, The Northwest Seaport Alliance joining the deep draft ports of Seattle and Tacoma offers shorter U.S.-to-Asia transits, as well as a deep connection to Alaska. And, a lot more. In an era where the fiercely competitive business of global trade is changing in ways that could not have been imagined just one decade ago, ports, terminals and their collective stakeholders are rethinking how to also remain relevant. Shifting liner alliances…
Ocean Alliance Launches Day Two Product
The Ocean Alliance has launched its new Day Two Product with an estimated 3.6 million TEU carrying capacity provided by approximately 340 containerships deployed on 41 services. The new offering will commence in April 2018. Alliance partners CMA CGM, COSCO, Evergreen and OOCL will offer 20 Transpacific services, six Asia-Europe services, four Asia-Mediterranean services, four Transatlantic services, five Asia-Middle East services and two Asia-Red Sea services. “Ocean Alliance…
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.
Houlder Recruits Walker for Marine Assurance Business
Marine consultancy and engineering provider, Houlder has announced the recruitment of Neil Walker to develop a Marine Assurance Services business. Walker was previously Europe Regional Manager for Global Maritime Consultancy Ltd. His experience covers key areas such as Marine Installation and Warranty Services, Expert Witness, Naval Architecture and Design Consultancy. His expertise includes platform installation and decommissioning, mooring and riser analyzes and tanker-based systems.
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.
Fairview Box Terminal Expansion 75% Completed
The Phase II North container terminal expansion project, launched in the first quarter of 2015, is now more than 75 percent complete and is on schedule to increase annual capacity at Prince Rupert’s Fairview Container Terminal to over 1.35 million TEUs by the third quarter of 2017, the Port of Prince Rupert and DP World announced. “Prince Rupert’s container business has experienced rapid growth since the opening of Fairview Container Terminal. This project is the continued evolution of our fast and reliable trans-Pacific service,” said Don Krusel, President & CEO of the Port of Prince Rupert.