Port Group News

Hong Kong-based shipping company Wah Kwong is finalizing a deal later this month to double the number of liquefied natural gas (LNG) carriers that it has ordered to four, as it eyes growing global trade in the superchilled fuel, its chairman said.The ships would be delivered from 2027 onwards, Wah Kwong's Executive Chairman Hing Chao told Reuters on the sidelines of the Singapore Maritime Week ShipZERO28 event late last week."We have always been very optimistic about the outlook of LNG as a global energy," said Chao, adding that a lot of supply will have to come from the U.S.

HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on the supply of methanol and LNG at Shanghai Port.HMM has committed to achieving net-zero emissions target for the entire business by 2050.HMM is also working on eco supply chain networks at Singapore and Busan. HMM also signed new building contracts for nine 9,000TEU vessels powered by methanol, and plans to operate two 7,700TEU LNG-powered vessels by the end of this year.Since 2022, SIPG has provided bonded LNG bunkering services for many shipping companies worldwide.

Interest in methanol as an alternative fuel has grown in the shipping industry, which seeks to achieve net-zero emissions by 2050.Below is a list of upcoming methanol bunkering-related projects by companies and ports:COMPANIES:A.P. Moller-MaerskMaersk received the world's first methanol-enabled container ship in July. It has 24 more such vessels on order to help it to achieve its goal of using low-emission fuels to transport a quarter of its volumes by 2030.HD Hyundai Heavy Industries expects to build a dozen more such vessels…

Denmark's Maersk said on Monday it has secured fuel for the world's first container vessel able to run on carbon-neutral methanol for its inaugural journey.Interest in methanol as an alternative fuel for bunkering has grown in the shipping industry, which seeks to achieve net-zero emissions by 2050.Below is a list of key upcoming methanol bunkering-related projects by companies and ports:COMPANIES:*A.P. Moller-MaerskMaersk has ordered 19 methanol-enabled ships to work towards a goal of transporting 25% of its ocean cargo using green fuels by 2030.

Maersk and Shanghai International Port Group have signed a memorandum of understanding for a green methanol marine fuel project in the Shanghai port, the shipping group said on Friday.Maersk plans to put 19 vessels capable of running on e-methanol between 2023 and 2025 as part of its net-zero emissions target by 2040.Shanghai International Port Group, the operator of the world's busiest container port, said it aims to become one of the worlds first commercial green methanol refueling points and a regional green methanol fuel bunkering center.(Photo: A.P.

UK boat builder Goodchild Marine Services Limited said it is to build a new pilot boat for Portland Harbour Authority in Dorset. The Great Yarmouth based company will construct an ORC 121 for Portland Port; part of broader investment the port is making to enable larger cruise ships and Royal Fleet Auxiliary ships to berth alongside. Scheduled to enter service in 2025, the vessel will be the third pilot boat of its class in the Southwest, built and supplied by Goodchild Marine in recent years.Features of this class of vessel include a beak bow hull design with minimal drag…

COSCO Shipping Holdings Co Ltd  said on Monday it has agreed to buy port assets from its parent for an aggregate 19.7 billion yuan ($2.7 billion) as it aims to build a global digital supply chain for its customers. The Chinese shipping group said it would buy 14.9% of Shanghai International Port (Group) from its indirect controlling parent China COSCO Shipping Corp Ltd for 18.9 billion yuan, and a 3.2% stake in Guangzhou Port for 778.7 million yuan. COSCO Shipping Holdings also…

A Chinese military survey ship that docked at Sri Lanka's Chinese-built port of Hambantota despite opposition from neighboring India left on Monday after a week-long stay, the port company told Reuters.Analysts say the Yuan Wang 5 is among a group of Chinese ships that monitor satellite, rocket and intercontinental ballistic missile launches. India, Sri Lanka's northern neighbor, fears China could use the port as a military base.Sri Lanka, facing its worst economic crisis in decades and in need of financial support from both China and India, had delayed the ship's arrival after India raised its concerns but gave in to Chinese demands later.The ship has now left the southern Sri Lankan port…

The city of Haifa is set to become an increasingly significant east Mediterranean shipping hub, with Chinese and Indian firms buying into its ports as Israel normalizes ties with its Gulf Arab neighbors under a U.S. diplomatic push.Earlier this month, as U.S. President Joe Biden visited the Middle East, India's largest port developer Adani Ports and Israeli minority partner Gadot agreed to buy Haifa Port for 4.1 billion shekels ($1.18 billion).Its founder, Asia's richest man Gautam Adani…

Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports APSE.NS of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion).Gadot and Adani made it to the end of a two-year tender process that Israel hopes will lower import prices and help shorten notoriously long wait times at Israeli harbors."The privatization of the port of Haifa will increase competition at the ports and lower the cost of living…

Leading British ports operator Peel Ports aims to become net zero of carbon emissions at all its operations by 2040 and is exploring hydrogen fuel solutions for some of its energy needs, the private group's chief executive said.Britain has said it is committed to reaching net zero emissions by 2050, and finance minister Rishi Sunak told companies this week to set out plans by 2023 for a transition to a low-carbon economy.Mark Whitworth, CEO of Liverpool-headquartered Peel Ports…

Israel has opened a new shipping port along its Mediterranean coast that will bring much needed competition to a sector plagued by delays and boost the country's standing as a regional trade hub.The 5.5 billion shekel ($1.7 billion) Bay Port at Haifa, which will be operated by Shanghai International Port Group (SIPG), will enable larger classes of cargo ships, carrying 18,000 containers or more, to dock in Israel.The country is selling its state-owned ports and building new private docks in an effort bring down costs and cut above-average wait times for vessels to unload.

Four investment groups are looking to acquire the Israeli port of Haifa estimated to be valued as high as $600 million with formal bids expected towards October, sources with knowledge of the matter said.Israel is selling its state-owned ports and building new private docks in an effort to encourage competition and bring down costs. At the same time, warming ties with neighboring Arab countries are creating new trade opportunities and Haifa is well placed to become a regional…

Dubai's DP World is partnering with an Israeli group to bid for one of Israel's two main ports and to examine opening a direct shipping line between the two Middle East states, it said on Wednesday.The announcement came a day after Israel and the United Arab Emirates signed an historic agreement to normalize ties, and marks a big development in trade and economic collaboration.Dubai state-owned DP World, which operates ports from Hong Kong to Buenos Aires, signed a series of agreements with Israel's DoverTower including a joint bid in the privatization of Haifa Port on the Mediterranean…

An event officially signalling the start of construction on Qingdao International Cruise Terminal in China was held alongside a global promotion launched to attract investment. At the event, the People's Government of Qingdao signed a cooperation agreement with Shandong Port Group for a RMB10 billion project, and inked contracts with a number of partners for 14 industrial projects with a total investment of RMB31.35 billion.The government of Qingdao's Shibei District is pushing…

CMA CGM said on Thursday it has completed the sale of stakes in eight port terminals for $815 million to its joint venture with China Merchants Port Group.Late last year, CMA CGM reached a deal with China Merchants to sell stakes in 10 port terminals to the companies' Terminal Link venture for $968 million, as part of efforts by CMA CGM to finance its acquisition of Swiss-based CEVA Logistics and reduce group debt.The first eight terminals included in the transaction are Odessa Terminal (Ukraine)…

Russia has ordered the mandatorydisinfection of ships arriving at the Black Sea ports of Novorossiisk and Yuzhnaya Ozereyevka from Iran, Italy and South Korea because of the coronavirus, a  document seen by Reuters showed.A branch of Rospotrebnadzor, Russia's consumer safety watchdog, has ordered port agents "to arrange the disinfectionof ships arriving from these countries before the border is opened" in the city of Novorossiisk, the document showed.Novorossiisk port is one of the biggest on the Black Sea.

The terminal operating systems (TOS) provider Navis announced  that CSP Zeebrugge Terminal, part of COSCO Shipping Ports, has successfully gone live with Navis N4.The unit of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain, the terminal connecting European market will use N4 to focus on real-time data sharing and efficiency for better service.The terminal, which is a major hub in the European market, has selected N4 to help optimize operations and data visibility with stakeholders and enable its employees to focus on core tasks and with a more modern TOS.In 2017…

The provider of software-as-a-service based shipping and logistics solutions, CargoSmart has announced the official execution of the Global Shipping Business Network (GSBN) Services Agreement with shipping majors.According to a statement from the shipment management software company, CMA CGM, COSCO Shipping, COSCO Shipping Ports (CSP), Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group have signed up with it.As per the agreement, each signatory commits to provide resources to support preparatory work required to establish the GSBN, a not-for-profit joint venture to accelerate the digital transformation of the shipping industry.The preparatory work includes obtaining all necessary regulatory…

Kalmar  has supplied Shantou China Merchants Port Group Co., Ltd. with eight Essential Range Empty Container Handlers.According to a press note from the Cargotec group unit, the handlers have been delivered respectively to Huagang Container Branch and Container Service Branch under Shantou China Merchants Port Group Co., Ltd.The order was booked in Cargotec's 2019 Q1 order intake, it said.China Merchants Port Holdings Co. Ltd., a world-leading port developer, investor and operator, has established comprehensive port network covering the main hub ports along the coastal area of China, including the container hub ports distributed in Hong Kong…

The global transport company Ocean Network Express (ONE) and PSA Singapore (PSA),the flagship terminal of the global port group PSA International, will join hands to form a joint venture  company  based at Pasir  Panjang Terminal in Singapore.Subject to regulatory approvals, the joint venture terminal is scheduled to commence operations in the first half of 2019 and operate four mega container berths with a combined annual handling  capacity of 4 million TEUs, said a press release from the global container shipping company headquartered in Singapore.Pasir Panjang Terminal, designed to handle the demand dynamics of today and the future…

The Port of Algeciras Authority (APBA) Chairman, Manuel Moron, and the Ningbo Zhoushan Port Group Chairman, Mao Jianhong, signed a Memorandum of Understanding (MoU) that is set to formalize co-operation between both of the logistics powerhouses and increase commercial flow between Southern Europe and Asia. According to the port and harbour of Algeciras, the MoU was rubber-stamped during the official state visit to Spain of the Chinese President,  Xi Jinping, who - together with the Spanish Prime Minister, Pedro Sanchez - was present at the event."The relationship between the two ports is very close. During the year, several meetings have taken place…

Spanish manufacturing company Siemens Gamesa Renewable Energy has contracted Associated British Ports (ABP) to provide storage for 37 of its wind turbine blades destined for the Hornsea Project One offshore wind farm.The UK's port group said  UK's leading ports group said that to accommodate the expanding business of the leading wind turbine blade manufacturer, a six-acre area located at the Port of Hull's Eastern Access, on King George Dock, is now being leased for the storage of the 75 metre, 30 tonne blades.David Morriss, ABP Humber Head of Property, said: "We're proud to be able to say that we have been an essential link in a major green project such as this, which will eventually see the blades powering one-million homes.