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Port Project

Companies Align to Form Taipei Port Consortium

Taiwan's Evergreen Marine forged an alliance with three local counterparts on Friday to bid jointly for a container port project in Taipei Harbor. Evergreen Marine, Yang Ming Marine Transport Corp., Wan Hai Lines and Evergreen Transport said in a joint statement they would set up the Taipei Port Consortium to issue the bid. Evergreen Marine and Evergreen Transport, members of the giant Evergreen transportation conglomerate, would own a combined 50 percent of the new company, which would have initial paid-in capital of T$800 million. Wan Hai would hold 40 percent, and Yang Ming would own 10 percent, the companies said. The estimated T$20 billion port project, which would be located in Taipei county, aims to bring its first berth with 250,000 20-foot equivalent units (TEUs) capacity into service in 2006, harbor officials have said. The build-operate-transfer (BOT) container project, which has a designed capacity of 1.75 million TEUs, would allow the operator to run the berths for 50 years before handing it back to the state. After completion of its seven berths, the Taipei harbor would rank as the third largest on the island, behind the southern port in Kaohsiung and Keelung.


USCG, MarAd to Convene on Port Pelican Project

The U.S. Coast Guard and the Maritime Administration (MarAd) issued a joint Notice stating that they will hold a public meeting in New Orleans on August 18, 2003 to receive information relevant to the issuance or denial of a federal license for the proposed Port Pelican LLC Deepwater Port project. Written comments on the project should be submitted by October 2, 2003. Source: HK Law


Hutchison To Hold 45 Percent Stake in Container Port Project

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.


APM Terminals Opens New Terminal in Morocco

APM Terminals Tangier, S.A. and the Akwa Group, a Casablanca, Morocco-based partner have announced the opening of Morocco’s newest container terminal to serve the global trade in Morocco and the Western Mediterranean market. Located on one of the most important shipping arteries, the terminal will offer importers and exporters a new gateway to world markets. Over 200 vessels a day pass through the Straits of Gibraltar as they transit on north-south and east-west liner trade routes


APM Terminals and Port of Rotterdam to Cooperate On R&D

Five  year,  global  agreement  to  work  toward  improved  productivity  and  efficiency,  land  utilization, environmental  sensitivity and  public  awareness  of  the  container  terminal  industry  APM  Terminals  and  the  Port  of  Rotterdam  Authority  announce the  signing  of  a  five-year agreement  of


Dutch Green Ports to be Model for Turkey

Photo by DHA

 Netherlands will be a model for Turkey’s ports within an environmentally-friendly Green Port implementation, says Daily News.   Port of Amsterdam and Dutch officials said that they were ready to boost ties with Turkey suring their visit to Istanbul, Marmara, Aegean, Mediterranean and Black Sea Regions (IMEAK) Chamber of Shipping branch in the Aegean province of İzmir.   IMEAK İzmir branch board chairman Yusuf Öztürk announced the work for the Green Port


Status Update: Northeast Gateway

On October 18, 2005, a public scoping meeting was held in Boston, Massachusetts to discuss the proposed Northeast Gateway Deepwater Port project. The purpose of the meeting was to accept the public’s comments regarding the proposed project. The meeting took place from 6 p.m. to 8 p.m. in Faneuil Hall and was preceded by an informational open house from 4:30 p.m. to 6 p.m. A similar public scoping meeting and open house for the Northeast Gateway project took place in Gloucester


Essar Ports Q2 FY15 Net Profit Up

Essar Ports develops and operates ports and terminals and is one of the largest private sector port companies in India

  Essar Ports Ltd. (Essar Ports), part of the Essar, today announced its unaudited results for the quarter ended September 2014. Highlights of Consolidated Results: *Revenue for the quarter increased by 1% at Rs. 435.3 crore as against Rs. 431.6 crore during previous quarter (Q1 FY15)and  increased by 7% from Rs. 405.1 crore during corresponding quarter of previous year (Q2FY14) *EBITDA for the quarter increased by 4% to Rs. 361.4crore from Rs. 346


India to Sign Port Deal with Iran

India to build port in Iran to get more trade with CIS and Gulf India will push ahead this week with plans to build a port in southeast Iran, two sources said, with Prime Minister Narendra Modi keen to develop trade ties with Central Asia and prepared to fend off U.S. pressure not to rush into any deals with Iran. India and Iran agreed in 2003 to develop a port at Chabahar on the Gulf of Oman, near Iran's border with Pakistan


Adani Gets Green Signal on Vizhinjam Port Project

Image: Vizhinjam International Seaport Limited (VISL)

 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


Europe Set for Decline in Container Volume

Antwerp, the second-largest container port in Europe. Photo: Port of Antwerp

 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


PSA Container Throughput Falls 2%

Tan Chong Meng GROUP CEO PSA INTERNATIONAL PTE LTD

  PSA International Pte Ltd (PSA) handled 64.10 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2015. The Group’s volume decreased by 2.0% over 2014, with flagship PSA Singapore Terminals contributing 30


UASC's 18,000 TEU Al Zubara Transits Suez Canal

Photo: UASC

United Arab Shipping Company (UASC) and Ahli United Bank, Egypt marked the passing of 18,800 TEU Vessel M.V. Al Zubara ultra-large container vessel through the new Suez Canal this week. The event is one of the first in a series of activities being organized by UASC to celebrate 40 years in


Iran Hurries India to Finish Chabahar Port

Map courtesy: Hindustantimes

 India has come “under pressure” from Iran to complete the Chabahar Port project, with the lifting of Iranian trade sanctions, reports Hindu Business Line.   Acting strategically to China’s repeated attempts to wean away India from Chabahar Port upgradation


US Port Projects Awarded $44.3 Mln in Grants

Oxnard Harbor District (Photo: Port of Hueneme)

After evaluating 627 applications, 50 of which were from ports, for the FY 2015 Transportation Investment Generating Economic Recovery (TIGER) grants, U.S. Department of Transportation (USDOT) Secretary Anthony Foxx today announced 39 awards for $500 million in funding to be made in the seventh


TIGER Grant for Indiana-Jeffersonville Port

U.S. Maritime Administrator Paul Chip Jaenichen

  The U.S. Department of Transportation today announced the Port of Indiana-Jeffersonville will receive $10 million in TIGER Discretionary Grant money to enhance and expand the port's infrastructure. U.S. Maritime Administrator Paul "Chip" Jaenichen joined Indiana Lieutenant


$12.3 Mln TIGER Grant for Hueneme Port Project

TIGER 2015 AWARDS

  Deputy Maritime Administrator Michael J. Rodriguez today announced that the Department of Transportation will provide $12.3 million for the Port of Hueneme Intermodal Improvement project in Port Hueneme. The project is one of 39 federally-funded transportation projects in 34 states


APM Terminals Pact with Qingdao Port

Left to right: Standing:  APM Terminals CEO Kim Fejfer and Qingdao Port Group Chairman Zheng. Seated: APM Terminals CFO Henrik Lundgaard Pedersen and Wang, Head of Business Development for Qingdao Port Group. Photo: APM Terminals

 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


Saudi Aramco, HHI Ink Yard Build & Operate Deal

The signing ceremony was presided by Amin H. Nasser, President and CEO of Saudi Aramco; Ki-sun Chung, Senior Vice President of HHI Corporate Planning, Courtesy Aramco

  Saudi Aramco, the world’s leading integrated energy and chemicals company, and Hyundai Heavy Industries (HHI) Group signed a general memorandum of understanding (MoU) to jointly collaborate on business development opportunities in the Kingdom of Saudi Arabia.


Townsville Port, IPC Sign MoU

Courtesy Port of Townsville.jpg

 Northern Australia’s largest general cargo port, the Port of Townsville, will today sign a historic Memorandum of Understanding (MOU) with PT Pelabuhan Indonesia II (Persero) or the Indonesia Port Corporation (IPC).   


Swan, EXMAR Partner for India’s First FSRU Terminal

Image: © Swan LNG

EXMAR has entered into a binding Term Sheet with Swan Energy Limited for the joint development and operation of the Jafrabad LNG Port project, to be located in the State of Gujarat, India.   The Jafrabad LNG Port will be a 5 million tons per annum (MTPA) LNG receiving terminal


Swan Energy to Invest $845 mln for FSRU Terminal

Image by Swan Energy Limited

 Swan Energy Limited will invest around Rs. 5,600 crore ($845 mln) towards setting up of Jafrabad LNG Port project in Gujarat with one jetty-moored Floating, Storage and Regasification Unit (FSRU).   The joint venture project by Swan Energy Limited (SEL) and its Belgium partner Exmar


Nakilat Damen Shipyards Qatar JV is 5

Nakilat Damen Shipyards Qatar (Courtesy Nakilat Damen Shipyards Qatar)

  On 23 November 2015, Nakilat Damen Shipyards Qatar celebrated its first 5 years of operation. With 40 vessels delivered or under construction, the yard has proven its capability to support Qatar’s national strategy for economic diversification.


Charleston Harbor Deepening Project in PED Phase

PreConstruction Engineering and Design Agreement signed; appropriations bill passes with funding for key Port projects     This week's signing of the PreConstruction Engineering and Design Agreement and passage of the omnibus appropriations bill with construction funding for Charleston


Sovcomflot Group, Sberbank CIB Sign Credit Facility Agreement

Sovcomflot Group and Sberbank CIB  have signed a 14-year $340 million credit facility agreement to finance the construction of three Arctic shuttle tankers for the Novy Port project  (project operator: Gazprom eft).   Novy Port is one of the largest oil and gas condensate






 
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