'Next Generation Container Port Challenge' (NGCP) competition announced by Singapore authorities Performance, productivity, sustainability - achieve these three targets in order to win the Next Generation Container Port (NGCP) Challenge's top prize of USD1 million. Jointly organised by the Maritime and Port Authority of Singapore (MPA) and the Singapore Maritime Institute (SMI), the NGCP Challenge seeks to identify ideas that will achieve a quantum leap in port performance, productivity and sustainability for a new generation of container port that is set 10 years in the future. The NGCP Challenge was officially launched by Capt M Segar, MPA's Assistant Chief Executive (Operations). Registration for the international competition is open till 31 July 2012. Participants will have to submit their proposals by 31 December 2012. Submissions will be evaluated by an international panel, comprising representatives from the Singapore government and the maritime industry. "The current landscape is such that high demands are placed on port infrastructure in the world. It is especially important for Singapore, as a land-scarce nation, to look for innovative proposals that will allow us to achieve an exponential leap in performance, productivity and sustainability. We believe that this competition will allow us to identify ideas that will not only benefit the Port of Singapore, but also revolutionise the entire container port industry
Hutchison Whampoa Ltd. would directly hold about 45 percent, not 65 percent, of the phase three of the Yantian container port project in the southern Chinese city of Shenzhen, a Hutchison official said on Thursday. She added that Hutchison has a majority stake in a foreign entity that would hold a 65 percent stake in the project. Through the investment entity, Hutchison would hold an "effective 45 percent", the official said.
TMEIC GE is providing its MaxSpeed crane control system featuring TMdrive-10 controls, Programmable Logic Controller (PLC), and Crane Management Systems for DP World’s new container port in Callao, Peru, near the capital, Lima. The new container terminal with one million TEU capacity, will initially be constructed with two berths comprising 650 meters of quay line and 22 hectares of yard, and is expected to be operational second quarter, 2010
The United Kingdom Hydrographic Office (UKHO) has announced new ENC (Electronic Navigational Chart) coverage of a key shipping route in Vietnam, providing greater navigational detail of the region. The three new ENCs cover the ports and approaches to Vung Tau, which includes the main container port of Cai Mep, and are only available through the Admiralty Vector Chart Service. The new ENCs have been produced in response to increasing demand from shipping companies for fully
Port operator APM Terminals, part of Denmark's A.P. Moller-Maersk, is buying 11 container ports from Spanish shipping and logistics group Perez y Cia to boost its presence in emerging markets and better serve bigger container vessels. No terms were given for the deal, which will increase APM Terminals' container ports to 74 from 63 including terminals in Colombia, Brazil and Mexico, but Nordea Markets estimated an enterprise value of around 1.35 billion euros ($1
Adani Ports & SEZ Ltd (APSEZL), part of the Adani Group, today said it will expand its existing terminal Adani International Container Terminal Private Limited (AICTPL) at its flagship Mundra port. AICTPL is a 50:50 JV with Terminal Investment Ltd, an arm of Swiss-based Mediterranean Shipping Company S.A, the second largest shipping liner in the world. The expansion is being carried out to create a transhipment hub for the Middle East, South Asia and India.
Four STS cranes, the largest in their category, have been brought onshore at Algeciras port in Spain, and ready for to be commissioned. Inchcape Shipping Services (ISS) was recruited by ZPMC to moderate the break bulk carrier, Zhen Hua 25, and manage the discharge of her cargo in a safe and timely manner. The cranes, which stand at over 100m , are to be used at the APM Terminal, specifically to service new Triple E Class container ships
Drewry inform that the 2014 edition of their Annual Review of Global Container Terminal Operators is now available to purchase online. Drewry add that this industry review, with forecasts, has some of the most insightful and detailed analysis available in the market today. Entering its 12th year of publication the report is unmatched by others and Drewry continue to enhance and add new content each year. The report covers:
The Kerala state government has issued an order to hand over consent letter to Adani Ports and Special Economic Zone Ltd (APSEZ) for establishing the Vizhinjam port. Within seven days Adani group has to give an official reply. Ports Minister K Babu said the final agreement will be signed within 45 days. Kerala Chief Minister Oommen Chandy said with the handing over of the consent letter all allegations being raised about the opposition to Adani Group has
Port operator APM Terminals, part of Denmark's A.P. Moller-Maersk said on Friday it has agreed to buy the remaining 39 percent of Grup Maritim TCB and be sole controlling shareholder of the company which operates 11 container ports. The enterprise value of the total transaction is approximately $1 billion, it said. The port operator said on Sept 8 it has agreed to buy 61 percent of Grup Maritim TCB from Perez y Cia.
Singapore’s maritime industry had a mixed performance in 2015. While the Republic remained the world’s top bunkering port, with the volume of bunkers sold last year increasing by 6.5 per cent, container and cargo throughput contracted by 8.7 per cent and 1.1 per cent respectively
A new safety initiative at the world’s largest proprietary container terminal, APM Terminals Pier 400 Los Angeles, has resulted in the implementation of revised yard layout and procedures to enhance the safety of the 2,000 to 3
APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have finalized the incorporation of Cartagena Container Terminal Operator (CCTO), a new joint venture which will manage and operate Compas S.A
Taicang Container Lines Co. Ltd has rolled out the first direct container shipping line linking China's Yangtze River basin and Southeast Asia, reports Xinhua. The container ship departs once a week from and arrives at Taicang Port in east China's Jiangsu Province
Greece expects binding bids to be submitted later on Monday for a majority stake in Piraeus Port Authority, operator of its biggest port, but will not announce the prospective buyers before early next month, two sources at the country's privatisation agency (HRADF) said on Monday.
Greece said that final bids for a majority stake in Piraeus Port Authority, operator of its biggest port, were submitted on Monday but the prospective buyers will not be made public until early next month. Alexis Tsipras's government had halted the sale after winning elections in January
The latest edition of Hackett's Global Port Tracker North Europe Trade Outlook predicts cargo volumes on the route may fall this year, with a decline of as much as 4% of total moves at ports in Northern Europe. It predicts declines in container volumes at European ports in the first
Port and Shipping Minister Arjuna Ranathunga said he plans to bring the Colombo Port to be among the top 20 global container ports. He said every possible step has been taken to facilitate all employees and staff of the institution to perform their fullest duty towards Sri Lanka Ports
Adani Group turns its flagship port and India’s biggest commercial port at Mundra in Gujarat into a regional transhipment hub by partnering with Terminal Investment Ltd SA, the container terminal operating company majority owned by Geneva-based Mediterranean Shipping Co
The world's second biggest container shipping line, MSC, has become the latest firm to resume direct services to Iran, although trade remains cautious as Western sanctions are still in place and regional tensions escalate. The deal reached over Tehran's nuclear programme in exchange for
With U.S. sanctions on Iran expected to be lifted within the coming months, several container shipping lines have resumed calling the country in the second half of 2015. Among ships recently calling Iran is Panamanian flagged MSC Domitille which visited container port Bandar Abbas at the
With the holiday season over, import cargo volume at major U.S. retail container ports is expected to slowly decline through the first quarter of the year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
CMA CGM has announced that a new direct EB call at Shanghai, the first container port in the world, is to be introduced on the rotation of its FAL 1 service ex-North Europe. Starting in Southampton on January 11th, 2016 with m/v CMA CGM KERGUELEN voy
Shanghai International Port Group Co Ltd, the operator of the world's busiest container port, posted a 4 percent fall in its 2015 preliminary net profit, marking the first decline since 2011 as China's economy slows. Shanghai Port, whose container throughput totalled 36
China's state-owned shipper China Ocean Shipping (Group), also known as Cosco Group and owned by China COSCO Holdings, is on track to acquire Greece's largest container port, gaining a key foothold to expand China's economic and military presence in Europe and Africa under the