'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.
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
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 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.
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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
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
Vinalines plans to expand its fleet of ships so it can transport 2.6 million tons of cargo by 2010 A company official said Vinalines would continue to invest in building new seaports in Dinh Vu, off the northern port city of Hai Phong, in Quang Ninh Province; Hiep Phuoc in HCM City; Cai Mep-Thi Vai in Ba Ria-Vung Tau Province, in addition to Vung Tau container port. The company is aiming for an average cargo capacity of between 50-55 million tonnes at each of its ports by 2010.
Press release - Global marine terminals operator DP World’s flagship Jebel Ali Port has received the world’s largest container vessel, the Magleby Maersk, which is on its maiden visit to the region. The management and operations team at Jebel Ali rolled out a well-drilled
Germany’s largest universal port reported the effects of weakened Chinese foreign trade plus the steep downturn in trade with Russia during the first nine months of the year. Totaling 104.6 million tons, seaborne cargo throughput in Hamburg was down 4
The Berth 9 Extension at the Port of Felixstowe, the Port of Britain, has been opened by Dr Therese Coffey MP, Deputy Leader of the House of Commons. The 190-metre extension increases the port's capability to work two of the world's largest containerships simultaneously
Leaders from Qingdao Port Group met with APM Terminals executives in The Hague to sign a Memorandum of Understanding (MOU) for the APM Terminals Vado, Italy port project. Terms and investment amount were not disclosed. The MOU will create a new joint venture to invest in and
DP World London Gateway and UPS today announced plans to build a new 32,000 square metre package sorting and delivery facility at the logistics site in the south east of England. At close to £120 Million, the project is one of UPS’s largest infrastructure investments outside of
DP World Limited announces that it has agreed with Associated British Ports (ABP) to extend the license agreement for DP World Southampton for a further 25 years until 2047. Simultaneously, DP World announces that it has acquired the remaining 49% stake in DP World Southampton
On October 29, 2015 Cai Mep International Terminal (CMIT) received the maiden call of the 14,000 TEU m/v CSCL Star, the ultra large container vessel (ULCV) of 157,000 DWT, deployed in the Ocean 3 Alliance, marking the first Vietnam/Northern Europe direct service.
Transport Minister Robert Goodwill MP has taken part in a round table discussion with transport leaders from the ports, road, rail freight and shipping industry at the Port of Felixstowe, the Port of Britain. Mr Goodwill’s responsibilities at the Department for Transport
Shanghai International Port Group Co Ltd, the operator of the world's busiest container port, reported its first fall in quarterly net profit in over a year, providing evidence of China's economic slowdown. China, the world's second largest economy, grew 6
A delegation from the port of Antwerp headed by port alderman and Port Authority chairman Marc Van Peel paid a visit to Iran last week. The delegation which was made up of petrochemical and shipping experts met in Tehran with various ministries
APM Terminals announces the agreement to purchase the remaining 39% shareholder of Grup Maritim TCB. On 8 September 2015, APM Terminals announced the agreement with Perez y Cia to acquire their majority share (61%) in Grup Maritim TCB
Hutchison Port Holdings' (HPH) Hong Kong assets marked a significant milestone with cumulative throughput of 200 million teu. Congratulating HPH Trust on this important chapter in the history of Hong Kong’s container port industry
The 2015 Review of Maritime Transport, published by the United Nations Conference on Trade and Development (UNCTAD), underscored the role of maritime transport in helping implement a workable international sustainable development agenda.
Singapore’s September bunker fuel sales fell 10.3% in September on month but rose 9.3% on year to 3.85 million mt. The port of Singapore has recorded a fall in container throughput in September. These finding are based upon the data released Tuesday by the Maritime and Port
Import cargo volume at the nation’s major retail container ports is expected to increase 3.3 percent this month over the same time last year as retailers make final preparations for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail