Marine Link
Friday, March 29, 2024
SUBSCRIBE

Container Handling Services News

15 Dec 2015

Global Marine Port and Service Industry to Grow at a CAGR of 4.7%

According to a new industry report published by Lucintel, the future of the global marine port and service industry looks good, with opportunities in the marine freight transportation industry. As per a Lucintel study, the global marine port and service industry is forecast to grow at a CAGR of 4.7% from 2015 to 2020. The major drivers of growth for this industry are high growth of the marine freight transportation industry and surging demand of containerized and bulk cargo. Increasing global exports, rising customer (Shipping companies) demand, and expansion of new regional trade hubs are the additional factors contributing to accelerated growth.

27 Feb 2002

Aden’s Fifth SPP Crane Delivered

Delivery of the fifth Super Post Panamax (SPP) Reggiane Crane on February 24th to the Port of Aden emphasizes its policy of phased expansion of container handling services to meet increasing demand. This additional crane, with the same 55m outreach as the first four delivered in 1999, will allow the Aden Container Terminal (ACT) to handle over 500,000 TEU, a figure that it soon expects to reach. Yard operations were expanded in 2001 by delivery of additional five RTG’s plus tractors and trailer units. Aden has maintained an average annual container volume growth rate of over 40 percent during the past 9 years. Volume has risen from 121,600 TEU when the ACT opened in 1999 to over 377,000 in 2001, above 50 percent each year.