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Ports World

Dubai Finishes Buying P&O

Reports indicate that Dubai Ports World, a state-owned international port operator, cleared its last major hurdle yesterday in acquiring a British company that helps run several U.S. terminals the companies said yesterday. The acquisition of Peninsular & Oriental Steam Navigation Co., whose shareholders agreed yesterday to accept Dubai Ports World's offer of 3.9 billion pounds, or $6.8 billion, in cash, would create the world's third-largest port operator, with 51 terminals in 30 countries. It will also give the aggressive Dubai a larger foothold in the booming trade between Asia and the United States. P&O officials have said they expect the company to be run separately out of London and do not expect changes in U.S. operations in New York, New Jersey, New Orleans, Philadelphia and Baltimore. P&O is the terminal operator and stevedore for container cargo at the Seagirt and Dundalk marine terminals, where it has about 65 employees. The Dubai Ports World's purchase of P&O has not drawn opposition from world regulators or U.S. Homeland Security officials, who have labeled ports as potential terrorist targets. Dubai Ports World, formerly Dubai Ports International, began as the port authority in Dubai. In 1999, it began aggressively buying up other port operations in the Middle East and around the world, Shaerf said.


Another Tanker Explosion Kills One

A January 5 report from Port World stated that an explosion on an oil tanker docked in the eastern Chinese province of Shandong has killed one person and left two others missing.valve-replacement works on the deck. (Source: Port World)


Briefing on DPW acquisition of P&O

The Senate Committee on Homeland Security and Governmental Affairs received a Briefing from Administration personnel on the Dubai Ports World (DPW) acquisition of the Peninsular & Oriental (P&O) company. Committee Chair Susan Collins (R-ME) issued a Press Release stating that she introduced a resolution calling for a thorough review and Congressional consultation before the transaction could proceed. Source: HK Law


Hearing on National Security and DPW Acquisition

On March 2, the House Armed Services Committee will conduct a Hearing on the national security implications of the Dubai Ports World acquisition of P&O Ports. source: HK Law


Bill Introduced Investigation of Port Facility Acquisition

Representative King (R-NY) introduced the Foreign Investment Security Improvement Act of 2006 (H.R. 4807) to require an investigation under the Defense Production Act of 1950 of the acquisition by Dubai Ports World of the Peninsular and Oriental Steam Navigation Company, and for other purposes. This is a companion bill to S. 2333, introduced earlier by Senator Schumer. source: HK Law


$1B Sought for Port Security

Sen. Robert Menendez, D-N.J., called on Congress on March 10 to fund technology that would scan 100 percent of the cargo containers entering America. Menendez wants Congress to add $1 billion to the 2006-07 federal budget to improve scanning technology, help developing countries improve their ability to inspect containers and provide for additional inspectors at U.S. ports. President Bush said Friday that he was troubled by the political storm that forced the reversal of a deal allowing


Mermaid Marine to Merge with P&O Maritime Services

Mermaid Marine Australia Ltd will merge with Dubai Ports World subsidiary P&O Maritime Services Pty Ltd through a share-trading arrangement. Mermaid will issue 221.9 million shares to DP World in return for 100 per cent of the shares in P&O Maritime Services Ltd and P&O Polar Australia Pty Ltd, subject to shareholder approval. The deal will result in DP World owning 60.4 per cent of Mermaid, with existing shareholders holding the remaining 39.4 per cent.


Jebel Ali Port Wins Scata Award

Photo courtesy Dubai World

DP World, UAE Region has been named Shipping Port of the Year for the third time at the prestigious annual Supply Chain and Transport Awards 2010 (SCATA). The award was presented to DP World, UAE Region, at a gala ceremony held at the Grosvenor House on Wednesday, June 2. The event was attended by several hundred supply chain industry leaders. Jebel Ali Port, which previously won the Outstanding Achievement and Port Operator of the Year Awards in 2007 and the Port Operator of the Year


Deep-water Ports Give Region Competitive Edge

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Managing new larger-draft ships, key to future growth of Mid East trade - technology and environmental issues also major challenges for region’s ports Senior executives from the region’s largest ports and shipping organisations, including ADPC (Abu Dhabi Ports Company) and DP World, took to the stage today (Tuesday 29 March) at the World Ports and Trade Summit. Tony Douglas, CEO, ADPC (Abu Dhabi Ports Company), joined Dirk Van Den Bosch, Chief Commercial Officer


Ship Stowaways Expensive & Inconvenient Passengers

Rudder recess stoways: Photo courtesy of West of England P&I Club

The issue of stowaways is one which has existed ever since vessels began to trade. Although the number of people attempting to gain free passage to another country has varied significantly over the years, the problem still remains, says the West P&I Club in a recent loss prevention bulletin, extracted as follows:   In the twelve month period to the end of 2012 the Club handled 51 stowaway cases involving 125 persons


Cargoes Soar at Hamilton Port

Image: courtesy Port of Hamilton

Total cargo volumes were 10,526,732 metric tonnes (MT) in 2014, representing a 5% increase over 2013.   The port welcomed 157 ships from overseas in 2014, with the balance (462) operating within the Canada/US Great Lakes. Overseas tonnage was 2 million tonnes


Abu Dhabi Ports Invests in Management Software

Abu Dhabi Ports Invests in Terminal Management Software

  Abu Dhabi Ports is implementing a brand new terminal operating system (TOS) which will enhance the general cargo operations at the emirate’s ports, significantly improving processing times and the full range of customer service offerings. 


Maersk Line to Increase Asia-Europe Rates

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Maersk Line, part of Denmark's A. P. Moller-Maersk, plans to increase shipping freight rates for transporting containers from ports in Asia to Northern Europe by $400 per 20-foot container (TEU) from Feb. 1, it said on Tuesday. Rates on the route, the world's busiest for container shipping


Carnival, China Merchants Sign MOU

MOU will explore both Port & Destination Development and Ship-Owning joint ventures with the goal of potentially launching China’s first world-class domestic cruise brand.   Carnival Corporation & plc has  signed a memorandum of understanding (MOU) with China Merchants


Florida DEP Approves Port St. Joe Dredging

The Port St. Joe Port Authority has been issued a permit by the Florida Department of Environmental Protection to allow for the dredging of the port’s navigational channel to the maximum authorized depth of 37 feet.   “This is a huge hurdle that has been cleared


BP Remains Singapore's Top Marine Fuel Supplier

Image: BP Singapore

BP Singapore kept its spot as a top marine fuel supplier by volume for the eleventh straight year in 2014 at the world's biggest bunkering port, the Maritime Port Authority of Singapore (MPA) said.  MPA does not specify the volumes each supplier sells


Satellites to Track Illegal 'Pirate Fishing'

File photo

About 20 percent of the world's fishing catch is taken illegally by poachers, experts estimate, but a new satellite tracking system launched on Wednesday aims to crack down on the industrial-scale theft known as "pirate fishing."  


Port of Indiana-Mount Vernon Sets Record

The Port of Indiana-Mount Vernon handled 735,000 tons of cargo in December, which was the highest ever single-month total at any of Indiana's three ports, and also produced the highest fourth-quarter shipments by any port in Ports of Indiana history.


RASI Endurance Challenge 2015

‘Mission RASI – team

  A group of 40 enthusiasts from the maritime and insurance community in Singapore have come together, to undertake a 24 hour endurance sea challenge, all in aid of the global maritime welfare charity, The Mission to Seafarers. Mission Row Around Singapore Island (RASI)


Port of Indiana-Mount Vernon Bests Tonnage Records

Photo: Ports of Indiana

The Port of Indiana-Mount Vernon handled 735,000 tons of cargo in December, which was the highest ever single-month total at any of Indiana's three ports, and also produced the highest fourth-quarter shipments by any port in Ports of Indiana history.   


Congressmen Lead Effort to Defend US Shipbuilders

Photo courtesy of Huntington Ingalls Industries

Congressman Joe Courtney (CT-2) and Congressman Steven Palazzo (MS-4), along with 30 bipartisan House colleagues, sent a letter this week to Senate leadership urging opposition to an amendment that they say would strip domestic construction requirements that help strengthen America’s


Indian Ports: Private Vs Government

Image: Indian Ports Association (IPA)

Rising competition from fast growing private sector ports is forcing government-controlled major ports to re-invent themselves, reports Business Standard. Slowdown in India's international trade is adding to the woes. The government-owned port trusts had been used to near monopoly revenues and


Indonesia’s Pelindo I Aims High

Image by Pelindo I

Indonesian state-run port operator Pelindo I plans to modernize and expand five of its ports this year. It has invested $2.7bn to develop ports in support of President Joko Widodo's maritime highway construction program.  The five ports scheduled for this year included Malahayati port


Libya Forces Tanker Away from Supplying Rival Government

Libya's recognized government said it forced a tanker from delivering fuel to its rival administration, diverting the vessel to its own territory by threatening an air attack on it.   The tanker Anwaar Afriqya was approaching the port of Misrata, but diverted to Tobruk


Port of Indiana-Jeffersonville Sets Shipping Record

Grain, steel, salt help port exceed 2 million tons for first time in 29-year history   The Port of Indiana-Jeffersonville handled over 2.4 million tons of cargo in 2014, up 48 percent from the previous year. This was the first time annual shipments exceeded two million tons in the port's






 
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