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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


UNCTAD Signs MOU with MarineTraffic

L-R Argyris Stasinakis (Partner, MarineTraffic) and Shamika Sirimane (Director of UNCTAD’s Division on Technology & Logistics) (Photo: MarineTraffic)

Global ship tracking intelligence company MarineTraffic and the United Nations Conference on Trade & Development (UNCTAD) have signed a Memorandum of Understanding. Under the agreement, UNCTAD and MarineTraffic will be sharing information and data that will enable both organizations to enhance


North Korea's New Ferry Service Makes First Trip to Russia

A new ferry line between isolated North Korea and its neighbour Russia docked for the first time at the Russian Pacific port of Vladivostok on Thursday.   The ferry's Russian operators say it is purely a commercial venture, but it coincides with what some academics say is a drive by North


Full Tanks & Tankers: A Stubborn Oil Glut Despite OPEC Cuts

© Andrei Pashkov / Adobe Stock

After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks.   Investors hailed the drawdowns as the beginning of the end of a two-year supply glut - raising hopes for


MOL Rolls Out Refined PBCF

Image: Mitsui O.S.K. Lines

 Mitsui O.S.K. Lines has announced that its group company MOL Techno-Trade will start selling an upgraded version of its energy-saving Propeller Boss Cap Fins (PBCF).   MOL Techno-Trade has sold more than 3,100 PBCFs to ship owners all over the world.  


London Eyes Top Maritime Center Slot

Photo: UK Chamber of Shipping

 London has risen from sixth place overall in 2015 to fifth place this year the world’s top maritime centre in Menon Economics’ Leading Maritime Capitals of the World report for 2017 – despite the uncertainty of Brexit.  


Scottish-led Group Wins Maritime Safety Award

MV Isle of Mull leaving Oban Bay (Photo: CalMac)

The Project SEAHORSE consortium, led by the University of Strathclyde, brought together experts from across the maritime world to research and implement safety considerations pioneered by the aviation industry – the first project of its kind in the world.  


Stena Line Says Sustainability Goals Paying Off

Image: Stena Line

“Our belief is that a reduced environmental impact is also essential for long-term profitability,” said Stena Line's CEO, Niclas Mårtensson. “This is why sustainability is included as a central part of our strategy and why we have set ambitious sustainability targets


New Containership Design is Self-steering and Emissions Free

YARA Birkeland container feeder ship design (Image: Kongsberg)

Norwegian fertilizer producer Yara and maritime technology firm Kongsberg Gruppe are teaming up to build what they said would be the world's first fully electric and self-steering containership.   "The new zero-emission vessel will be a game-changer for global maritime transport


Thailand’s MTT Arranges Emergency Response Framework

The Map Ta Phut Tank Terminal Company (MTT) signed an official preparedness framework agreement with Ardent. Ffrom left: Polshom Chan-urai, Managing Director from MTT; Bas Michiels, Ardent’s Asia Commercial Director; and Oliver Timofei, Ardent’s Director of Emergency Management. (Photo: Ardent)

 Thailand’s MTT Arranges Emergency Response Framework   The Map Ta Phut Tank Terminal Company (MTT) has signed an official preparedness framework agreement with Ardent. The deal is the first of its kind in Thailand and is specifically structured to mitigate risk by pre-staging


DP World London Now Handles Far East Calls

Photo: by Andrew Bowen, DP World

 MOL Triumph, the first of the world’s largest and newest vessels to call in the UK, arrives in Southampton on THE Alliance's FE2 service as new third deep-water berth opened at London Gateway in April, ahead of first regular Asia-Europe service starting.  


Partners Aim to Encourage Maritime Entrepreneurs, Innovation

SUNY Maritime College and EEX Maritime Oy, of Finland, will be working together to encourage entrepreneurs and technological innovations in the maritime industry. The two recently signed a memorandum of agreement that will allow the two to promote collaboration between start-ups


Savannah Port Welcomes Record Cargo Ship

Photo:  Georgia Ports Authority

 Governor Nathan Deal, Port of Savannah officials and the maritime community were on hand to welcome the COSCO Development, the largest containership to ever call on the U.S. East Coast as it handled 5,500 containers, a record for Georgia’s ports.   


Op/Ed: USCG Forges the Future of Navigation

U.S. Coast Guard Cutter Hollyhock is one of six cutters and multiple shore units presently tasked with aids-to-navigation duties within the Great Lakes for the operation. (U.S. Coast Guard photo by Nick Gould)

Maintaining the system of buoys and beacons that guide mariners through our nation’s waterways is the United States Coast Guard’s oldest mission. Tracing its roots to the ninth law passed by Congress in 1790 that moved lighthouses under Federal control, the U.S


WAAMpeller: World First Class-Approved 3D Printed Ship’s Propeller

Left to right: Kees Custers, Research Engineer Damen Shipyards Gorinchem; Vincent Wegener, Managing Director RAMLAB; Wei Ya, Postdoctoral Researcher RAMLAB; Constantinos Goulas, Postdoctoral Researcher RAMLAB; Max van der Zalm, Design Engineer Damen Schelde Naval Shipbuilding; Don Hoogendoorn, Principal Research Engineer Damen Shipyards Gorinchem; Kelvin Hamilton, Technical Consultant Autodesk; and Laurens van Ballegooy, Sales Manager Promarin (Photo: RAMLAB/Damen)

A consortium of organizations are working toward a landmark achievement in the maritime sectors: creating the world's first class-approved 3D-printed ship's propeller.   As many sectors of the shipbuilding industry suffer due to overcapacity


North Korea Launches Ferry Service to Russia

Vladivostok, Russia (© vesta48 / Adobe Stock)

North Korea launched a ferry service to the Russian city of Vladivostok on Wednesday to develop links and boost economic cooperation, the North's state media said, as it faces increasing isolation over its weapons development. Experts have said North Korea's leader, Kim Jong Un






 
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