Terminal News

The Public Investment Fund, Saudi Arabia's sovereign wealth fund, and COSCO SHIPPING Ports Ltd have completed a deal to buy a combined 21.2% stake in Red Sea Gateway Terminal Ltd from Saudi Industrial Services Co (SISCO).SISCO will receive gross proceeds of 556.5 million riyals ($148 million) for the deal, it said in a statement.The proceeds will support the company’s strategic objectives of enhancing shareholder returns and optimizing its portfolio, it said.LogiPoint also divested its 4% direct equity stake in the terminal and will receive gross proceeds of 105 million riyals, it said.JPMorga

The Philippine unit of Royal Dutch Shell said on Tuesday it will permanently shut one of the country's two oil refineries, blaming a pandemic-led slump in margins, with other regional closures likely to follow, according to analysts.Pilipinas Shell Petroleum Corp said its 110,000-barrel-per-day Tabangao facility in Batangas province, which began operations in 1962, was no longer economically viable and would be turned into an import terminal.Singapore's complex refining margin…

OxGas, a company fully owned by the Port of Oxelösund in Sweden has commissioned MAN Energy Solutions to act as “owners engineer” in the development and construction of a multi-functional terminal for liquefied methane based fuels in the port of Oxelösund. The terminal will be designed to feed both liquefied natural gas (LNG) and green methane derived from bio gas to SSAB ’s steel production in Oxelösund, and to re-distribute it via train and trailers to other parts of Sweden.The…

Bulgaria's state-owned gas company Bulgargaz will reserve 500 million cubic gas annually for 10 years at the liquefied natural gas (LNG) terminal now being built in northern Greece, the government said on Tuesday.Greek natural gas company Gastrade, which handles the project near the city of Alexandoupolis, has extended the deadline for companies to file binding bids to reserve capacity to March 20.The LNG terminal, in which Bulgaria will have a 20% stake, seeks to supply gas to southeast Europe via a natural gas pipeline that will cross through Greece…

The container port in the Limón province of Costa Rica, Terminal de Contenedores de Moín or Moín Container Terminal (MCT), operated by APM Terminals, completed its first year of operations on February 28.A press release from the international container terminal operating company headquartered in The Hague said that during the year the terminal serviced more than 1,100 ships, around 1.2 million TEUs and achieved important improvements in productivity, sustainability and the training of 1,000 employees from the province of Limón.“During this time, we’ve reached very important milestones, such as the opening of new direct trade routes, increased port efficiency…

U.S. refiner Citgo said the Gerd Knutsen oil tanker, which had been carrying crude claimed by both the company and Venezuelan parent PDVSA, departed Venezuela's Jose Terminal on Thursday and entered international waters on Friday morning.The tanker over the past week discharged its 1 million barrel cargo, worth some $57 million, in Venezuela after being stranded for over a year off the South American country's coast amid fallout over U.S. sanctions on PDVSA, designed to force out socialist President Nicolas Maduro.The tanker discharged after Citgo, now controlled by the Venezuelan opposition, sought an order from a U.S. court seeking to block the tanker from returning its cargo to PDVSA.

Mexican liquefied natural gas (LNG) company Enestas is planning to build the first first dual LNG and liquid ethane port terminal in Mexico.The new facility is located on the Gulf Coast and unloads directly from vessels up to 22,000 m3 in size. The facility features an automated storage and unloading system. Subsequently, Enestas transports the cryogenic product to the customer's facility."Based on this success, the company is planning to build more LNG terminals along the Mexican coastlines to further promote and facilitate the use of LNG as a marine fuel and for domestic distribution," said the company.Enestas believes LNG is the most cost effective and ecological long-term solution for complying with the IMO 2020 sulfur cap.

Dubai-based port operator DP World announced it has completed the acquisition of Fraser Surrey Docks in Canada from Macquarie Infrastructure Partners (MIP) alongside its partner Caisse de dépôt et placement du Québec (CDPQ).The enabler of global trade said in a press release that said the acquisition complements its footprint in Canada, which also includes terminal operations in Vancouver, Nanaimo, Prince Rupert and St John’s, without disclosing the value of the purchase.The integrated coast-to-coast platform provides customers with bulk, breakbulk and general cargo services.DP World's global strategy is to become a trade enabler and solutions provider as the company looks to participate across a wider part of the supply chain.

The West Africa Container Terminal (WACT) is quickly earning a reputation as the gateway to Eastern Nigeria and a strong alternative to ports in Lagos.Investment in the Phase 2 upgrade, due to commence within the next 18 months, will help meet volumes, which have grown consistently over the past three years.“The Phase 2 upgrade includes the acquisition of three additional Mobile Harbour Cranes (MHCs) bringing the total in operation to five; 20 Rubber Tyre Gantry Cranes (RTGs); three Reach Stackers; 13 terminal trucks and trailers and an empty container handler," said WACT’s Commercial Manager, Noah Sheriff.“The upgrade will also include the installation of reefer racks with a 600-plug capacity…

Elengy, a subsidiary of French energy group Engie, has acquired French energy group Total's 27.5% stake in Fosmax LNG, owner of the liquefied natural gas (LNG) terminal at Fos Cavaou in southern France.Elengy now owns 100% of its three LNG terminals: Fos Cavaou, Fos Tonkin and Montoir-de-Bretagne. Until now Fosmax LNG was owned 72.5% by Elengy and 27.5% by Total Gaz Electricité Holding France (TGEHF).The acquisition of the shares is financed mainly by an increase in Elengy’s capital reserved for the Société d’Infrastructures Gazières (SIG). The SIG now owns close to 18% of Elengy’s capital, with the balance being held by GRTgaz.For Elengy…

APM Terminals said that its new deep-sea container terminal, Vado Gateway terminal, located in Vado Ligure, Italy, received its first commercial service on 11 February 2020.The ship, M/V Maersk Kota, was the first of seven ships from Maersk’s weekly ME2 service, connecting the Mediterranean with the Middle East and India.According to a company release, the call by M/V Maersk Kota marked the start of operations for the new deep-sea Vado Gateway container terminal in northern Italy.With a total investment of 450 million euros, it is one the most important port infrastructures to be built in Italy in recent decades.Managed by APM Terminals Vado Ligure…

International container terminal operating company APM Terminals said that its Poti Seaport Terminal in Georgia has re-initiated the process of obtaining the necessary permits with a firm intention to build the new deep-water multipurpose port in Poti.APM Terminals submitted application to the Technical and Construction Supervision Agency to obtain the permit for land usage for construction of the new deep-water port in Poti. This is initial stage of the three-stage formal procedure for construction permit issuance.As APM Terminals has clearly stated in recent discussions with the Government of Georgia, the company is fully committed…

Marine cargo handling company DP World has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine, subject to the satisfaction of certain conditions, including regulatory approval."Bringing the TIS Container Terminal into DP World's global network of ports, economic zones, warehousing, and inland logistics solutions will strengthen its position as the market-leading terminal of Ukraine," said a press release from the global supply chain solutions company.The latest acquisition also complements the existing operations of DP World's P&O Maritime Services business through a joint venture with TIS Group…

Mammoet, a Dutch company specialized in engineered heavy lifting and transport of over-sized and heavy objects, said that its  team has successfully completed the second phase of the relocation of several shipping container cranes for Hutchison Ports ICAVE as part of a planned port expansion in Veracruz, Mexico.Mammoet used 56 axle lines of SPMT to transport two ship-to-shore (STS) cranes and ten rubber-tired gantry cranes (RTGs). The completion of the crane relocations has increased the port’s capacity to more than 95 million tons. According to the company, the biggest challenge faced by the team was the execution of the moves during the ‘North Winds’, which are seasonal winds that hit the region regularly from November to February.

Belgian dredging group DEME has been awarded a contract as part of a joint venture for the widening of the Kiel Canal in Germany.Two DEME subsidiaries are to carry out marine dredging works for the €99m (£84m) widening of a 4km stretch of the Kiel Canal. Works started in January 2020 and will run until the end of 2023.The Federal Waterways and Shipping Administration, represented by the WSA Kiel-Holtenau, commissioned the joint venture with the construction work to expand 4 km of the eastern section of the Kiel Canal.The contract carries a total value of approximately EUR 99 million in which the DEME Group’s subsidiaries Nordsee Nassbagger…

Lithuanian company AB Klaipedos Nafta (KN) has been appointed as the operator of a liquefied natural gas (LNG) terminal in the Brazilian Port of Açu.To execute the contract, KN has established a company in Brazil and plans to form a team of up to 30 local specialists in 2020.KN, KN Açu Serviços de Terminal de GNL Ltda. (Brazilian SPV) and Gas Natural Açu (GNA), which is a joint venture among Prumo Logistica, BP and Siemens, signed an operation and maintenance services agreement for the provision of the relevant services.Following the signing of the agreement, KN assumes the responsibility for the provision of safe, reliable and efficient operations…

Doha-based liquefied natural gas (LNG) producer Qatargas has supplied a commissioning LNG cargo for India's newest LNG receiving terminal, Mundra.The cargo was loaded in Ras Laffan on 17 January 2020 on the Q-Flex LNG vessel, Murwab, with an overall cargo carrying capacity of 216,000 cubic meters. It arrived at Mundra terminal on 22 January 2020.Mundra is the second LNG terminal that Qatargas helped commission in India within the past year. It followed an earlier commissioning cargo which was delivered by the Company to the Ennore LNG receiving terminal, near the southern Indian city of Chennai, in February 2019.The Mundra terminal is located in Adani Ports and Special Economic zone in the Kutch district of the western Indian state of Gujarat.

The international container terminal operating APM Terminals said that its port of Poti has presented its plans for the creation of a deep-water port to the Government of Georgia.The plans require an investment of over 250 million USD of private capital for phase 1 and a substantial amount for phase 2 in an extensive development of the port infrastructure and superstructure.“This investment in the strategically important port of Poti is a proof of our commitment and belief in Georgia and the development of a transport corridor that stretches into Central Asia,” explained Keld Christensen, Managing Director of APM Terminals Poti.“The…

Dutch multinational company Royal Vopak has recently completed the previously announced divestment of its oil terminal in Algeciras to First State Investments.This divestment is the finalization of the sale of three terminals (Amsterdam, Hamburg and Algeciras) to First State Investments as previously announced.On 12 February 2020, Vopak will publish its 2019 full-year results, including the financial results of the divestment which are in line with previous announcements made in 2019.

South Carolina (SC) Ports has celebrated the structural completion of the operations building at Hugh K. Leatherman Sr. Terminal, a new container terminal along the Cooper River, which will open in March 2021.S.C. Ports celebrated today the structural completion of the terminal’s new operations building. More than 300 people — contractors, port employees, elected leaders and community members — cheered as a steel beam and tree were placed atop the steel structure as part of a traditional “topping out” ceremony.The 34,853-square-foot building, built by Samet Corp., will have offices, meeting spaces, crane operator rest and training areas, and a full-service kitchen, as well as the backup power required to maintain critical infrastructure in the event of a power outage.Sen. Hugh K.

Port of Hamburg announced that mega-ships will from now on find it easy to pass through the Elbe fairway.Vessels with a combined width of up to 98 meters can now pass each other in a widened section of the Elbe in Germany known as the “passing box.” The five-kilometer stretch now has a width of 385 meters, said the Port of Hamburg.“With the initial fairway widenings of the Elbe, meanwhile completed, we are on a good course, immediately improving the conditions for calls by mega-ships,” said Axel Mattern, Joint CEO of Port of Hamburg Marketing. “For shipping and our port customers, this is really gratifying news for the start of the year.” The holding area at Brunsbüttel has also been completed.

The intermodal service provider European Gateway Services (EGS) offers network of connections between all deepsea terminals Maasvlakte Rotterdam with Nuremberg in Netharlands.The Rotterdam - Nuremberg rail shuttle is now already calling at all the deepsea terminals at the Maasvlakte (1 and 2).Three times a week, EGS provides a rail connection between Rotterdam and Nuremberg in the state of Bavaria and vice versa. In view of the success of this connection and an increase in the number of requests, RWG will also be directly served as of the 1st of February.By doing so, EGS is responding to the wishes of shippers, forwarders and shipping companies…

Bahrain LNG, the developer and owner of the first LNG receiving and regasification terminal developed on a public-private partnership (PPP) basis, has completed the mechanical construction and commissioning of the terminal.The customer is paying Bahrain LNG  as of completion and is sending out the last of the commissioning cargo so that the FSU Bahrain Spirit can redeploy on short‐term trade as intended. Most of the construction and commissioning contractors were able to be demobilized accordingly.Shaikh Mohamed bin Khalifa Al‐Khalifa, Minister of Oil of the Kingdom of Bahrain, said: “The achievement of Construction Completion for the…