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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

New Marina for Luxury Yachts at DP World's Rashid Port

Image: DP World

 DP World has announced plans to build a new marina for luxury yachts at Port Rashid in Dubai.   The project comes in response to an increased demand for luxury yachts. Tenders for construction will be invited soon.   The first phase of the project is scheduled to open by 2018, with a capacity of more than 400 boats and sailing yachts with lengths in the range of 15 to 35 metres. The second phase will be for luxury yachts berth with length of more than 100 metres. 

$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.

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

Antwerp Port Gears Up for Indian Trade Mission

Photo Port of Antwerp

True to its annual tradition the port of Antwerp is organizing a trade mission to India in February this year. Port Authority chairman Marc Van Peel will be accompanied on his visit to Delhi and Mumbai by Pieter De Crem, the Belgian secretary of state for Foreign Trade. The agenda includes among other things the annual Port of Antwerp reception, the presentation of an award to the Indian forwarders’ association and the opening of a new course offered by JNPT APEC Port Training Centre

Countdown to London International Shipping Week

Image courtesy London International Shipping Week 2017

The countdown to London International Shipping Week 2017 (LISW17) officially began last night with an exclusive launch reception held at the iconic Norton Rose Fulbright building on London’s South Bank.   The launch reception brought together representatives from many of the maritime

APM Orders 12 STS, 32 ARMGs Cranes

APM Terminals Medport Tangier port development photo APM

APM Terminals has announced orders for 12 remote-controlled Ship-to-Shore (STS) cranes and 32 Automated Rail-Mounted Gantry Cranes (ARMGs) to equip the new five million TEU* APM Terminals MedPort Tangier facility now under construction at the Tanger-Med II port complex.

Thames Ship Discount for Environmental High Performers

Photo: Port of London Authority

 The Port of London is set to become the first UK port to recognise ship owners committed to progressively improving their environmental performance, as part of a wider approach to reduce the port’s environmental impact.   The Port of London Authority (PLA) is set to introduce a

Sagarmala: Revolutionizing Logistics Through Port Led Development

Sagarmala, the ambitious program for ‘Port-led development’ in the country is all set to change the logistics sector performance by optimizing India’s logistics modal mix.  The flagship program by the Ministry of Shipping  will help in reducing the logistics cost for

Kiel Posts Its Best Ever Cruise Shipping Season

Photo: Port of Kiel

This year’s cruise shipping season ended in Kiel on Saturday (October 8th) with a call by the “AIDAvita”. Overall, the port of Kiel was visited 147 times this year by 26 different cruise ships of more than 9.3 million GT, compared to 133 cruise ship visits in 2015

Merchant Ships off Yemen Bracing for More Danger

USS Mason (File photo: U.S. Navy / Rob Aylward)

Missile attacks from Yemen on Western military craft risk spilling over into nearby busy sea lanes which could disrupt oil supplies and also other vital goods passing through the tense area, shipping and insurance sources say.   While shipping companies have yet to divert ships

Caribbean’s Largest Mobile Harbor Crane Delivered

The new Liebherr mobile harbor crane LHM 600 high rise, is ready for transhipment Rostock, Germany to Kingston, Jamaica. (Photo: Liebherr)

Liebherr Maritime Crane has delivered the largest mobile harbor crane of the Caribbean to Kingston Wharves Limited in Jamaica. The LHM 600 is equipped with an elongated tower extension and eases the handling of big container vessels up to Super-Post-Panamax size.  

Norwegian to Build New Ship for Alaska Cruising

Image: Port of Seattle

Norwegian Cruise Line will commence a new era of Alaska cruising beginning June 2018, as the company announced today that its next new vessel, Norwegian Bliss, will be custom-built with features and amenities for Alaska cruising. Norwegian Bliss will cruise to America’s Last Frontier from

MRV-Ready Approval For DYNAMARINe

Image: DynaMarine Performance Boats

 DYNAMARINe has announced that its Emissons Monitoring Platform (EMP) has been certified as Monitoring, Reporting and Verification (MRV)-ready and in compliance with the EU MRV IT requirements.   Verifavia, the world’s leading emissions verification company for the transport

USC, Ports Partner to Improve Supply Chain Technology

Redesigning supply networks to operate in the digital economy requires supply chain thought leaders to accelerate the move to enhanced digital capabilities - Image courtesy USC Marshall Center

A strategic partnership with the USC Marshall Center for Global Supply Chain Management aimed at improving the global competitiveness of the nation’s supply chains was signed by U.S. Commerce Secretary Penny Pritzker on October 14 at the University Park campus.

Florida's First Ocean-to-Air Transhipment

Innovative programs such as this one also help  business community strengthen ties within the global marketplace Photo Crowley

Already the busiest port of entry in America for international air freight, Miami International Airport will soon be able to receive perishable freight imports by sea as well – a first for any Florida airport – through a permit approved in September by the U.S

NYK Establishes Logistics Company for Finished Cars in Kenya

Photo: NYK Line

 NYK has signed a joint-venture agreement with Bolloré Transport & Logistics Kenya Limited (Bolloré) and Toyota Tsusho Corporation to establish Bolloré NYK Auto Logistics Limited, a logistics company for finished cars. 

Inland Waterways A Game Changer in India

Photo: Official Twitter Page of Nitin Gadkari

 Indian Minister for Road Transport Highways & Shipping,  Nitin Gadkari gave an overview of his Ministry’s achievements as well as plans for future growth.    Beginning with Shipping, he informed that while ports around the world had faced losses

Belgium Delegates Visit NYK

Photo: NYK Line

 Geert Bourgeois, Minister-President of the government of Flanders; Claire Tillekaerts, CEO of Flanders Investment and Trade; and accompanying delegates visited the NYK head office and met with NYK board counselor Koji Miyahara, senior advisor Takao Kusakari

DP World to Develop Ukraine Logistics

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem with President Petro Poroshenko during their meeting in Ukraine recently.

Global trade enabler DP World has recently signed a Memorandum of Understanding (MoU) with the government of Ukraine to collaborate on matters of mutual interest, including the development of logistics capability in the country.   On a recent visit to Ukraine

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