Abadan Ports Records 47% Growth in Exports
Iran's Director of Ports and Maritime Affairs of Abada, Reza Safari, announced a 47% increase in exports from Abadan, Arvandkenar and Chouebdeh Ports.During the last 10 months of this year, exports of goods and commodities from Abadan ports has increased by 47%, Reza said.The export volume of goods and commodities in the last 10 months of this year was 27 thousand 735 tons more than in the same period last year.Agricultural products, household appliances and light products, meat and meat products are among the most exported items from the three ports of Abadan, Arvandkenar and Chouebdeh.
Taiwan's Evergreen Opens Four New Offices in Latin America
Taiwanese container transportation and shipping company Evergreen Marine Corp. is expanding its operations into Central and South America this year following the recent opening of four new agency offices in the region."In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities…
Interview: Mark Knoy, President and CEO, ACBL
American Commercial Barge Line (ACBL) named Mark K. Knoy as its president and chief executive officer in August 2011. Prior to joining ACBL, he was vice president of American Electric Power’s (AEP) Fuel, Emissions and Logistics Group and president of AEP River Operations, having joined AEP with its 2001 purchase of MEMCO Barge Line. From 1984 to 1994, he was owner/operator of The Mark Twain Towing Company and Delmar Marine, Inc., Pekin, Illinois. He began his career in 1973 working aboard towboats on the inland waterways as a deck hand and then as a captain.
China to Impose 25% Tariffs on 659 US Goods
China will impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion in response to the U.S. announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.Tariffs on $34 billion of U.S. goods including agricultural products such as soybeans will take effect from July 6, the ministry said. Soybeans are China's biggest import from the United States by value.The tariffs will also be applied to autos and aquatic products, the ministry said.The list of 659 U.S.
ATCO Buys 40% Stake in South American Port
Calgary-based natural gas, electrical and real estate giant ATCO is getting into the transportation business after buying a 40-per-cent stake in a South American port operator Neltume Ports for about CAD$450 million (USD$340 million).Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities and three stevedoring businesses primarily located in Chile and Uruguay. “This acquisition represents an important milestone in the execution of ATCO’s long-term strategy to diversify…
Mexico Slaps Tariffs on US Steel, Agricultural Products
Mexico will impose tariffs of 15 percent to 25 percent on U.S. steel products and on some agricultural goods, the Mexican economy ministry said on Tuesday, after pledging to retaliate against U.S. President Donald Trump's metals tariffs.The ministry published a list of new tariffs in the government's official gazette, which included a 20 percent tariff on U.S.
The ‘Ag Coast’ of America
St. Louis Region’s Agriculture Freight Network Poised for Growth as Handling Capacity Increases along a 15-mile section of the Mississippi River. Located in the heartland of America, one 15-mile section of the Mississippi River in the St. Louis, Missouri, region delivers the highest level of grain barge handling capacity anywhere along the Mississippi River. Known as the “Agriculture or Ag Coast” of America in terms of barge transfer facilities for agricultural products, local stakeholders also know that in order to sustain and grow this impressive market share…
North Sea Canal Ports Transhipment Hits Record 100 MT
The positive economy led to a 2.5 percent increase in the transhipment of goods at the Port of Amsterdam to 81.3 million tonnes in 2017. Together with the other seaports in the North Sea Canal Area, transhipment rose to a record level of 100.8 million tonnes. In IJmuiden, transhipment was up 7 percent to 18.5 million tonnes. Beverwijk saw transhipment increase to 800,000 tonnes (up 6 percent). Zaanstad booked an increase of 35 percent to 300,000 tonnes. The increase at the Port of Amsterdam was mainly due to higher transhipment of oil products and agribulk.
UK Port's Post-Brexit Health Concern
British Ports Association warned that without agreements on cross-border environmental health standards there could be major disruption at UK and EU ports. Richard Ballantyne, Chief Executive of the British Ports Association, said: “Perhaps one of the biggest Brexit challenges ports could face is accommodating new environmental health standards inspections at the border. As the report highlights, delays resulting from inspections at border would lead to increased costs, creating congestion and particular issues for perishable goods.
Trade Wars Clearly Bad for Global Shipping - BIMCO
On March 1, 2018, President Trump pushed through a metals tariff plan that puts 25 percent tariff on imports of steel and a 10 percent tariff on imports of aluminium. They are set to enter into force on March 23, 2018. The Trump administration seems positive towards protectionism and that picture became clear when the pro-trade U.S. President Donald Trump’s chief economic adviser Gary Cohn resigned on March 6 because of the tariffs imposed on steel and aluminium. Although the tariffs on steel and aluminium are expected to have a limited impact on most international bulk trades…
St. Louis, Plaquemines Ports Ink MoU for Mississippi River Cooperation
St. Louis Regional Freightway, Port of Plaquemines and St. Louis Regional Ports Sign Agreement to Foster Economic Growth on the Mississippi River. The pact will help support development of a new transportation link for cargo to move along the Mississippi River. The St. Louis Regional Freightway, Plaquemines Port Harbor & Terminal District located in the State of Louisiana and four ports in the St. Understanding (MOU) to establish and grow an alliance to generate new business by promoting international and inland trade routes at strategic locations along the Mississippi River.
Maersk Line New Services at Kakinada Port
Maersk Line India announced the introduction of Export and Import service offerings at Kakinada port in Andhra Pradesh. This End to End service (Store Door) will enable customers in the region to reach global touch points. With this first time offering in Kakinada, Maersk Line will be able to containerize cargo at its origin, cut out wastage and complexities of dealing with multiple vendors and help move it to port in a cost-effective manner. This will have a direct bearing on…
By the Numbers: Barge Transportation Market
Barge transportation comprises an extensive network, ideal for carrying seaborne cargo to inland destinations and exports alike. Responsible, in part, for the worldwide trade of bulk transport, the industry is of great significance to the agricultural sector. In North America, The Army Corps of Engineers maintains and operates over 12,000 miles of canals, rivers, and inland waterways. The Illinois Waterway and Mississippi River are the major waterways in the region that are responsible for moving agricultural and farm products through barges.
Season’s First Saltie Heads for Duluth-Superior
The first ‘saltie’ of the 2018 commercial navigation season is on its way to the Port of Duluth-Superior. The 656-foot bulk carrier Federal Weser is scheduled to pass beneath Duluth’s Aerial Lift Bridge by 10 p.m. tonight and is expected to start loading Monday morning at the CHS terminal on the Superior side of the harbor. If all goes according to plan, the ship should depart late Tuesday or Wednesday with 21,400 metric tons of durum wheat bound for Algeria. The Federal Weser, part of the Fednav fleet, last visited the Twin Ports in 2015.
Maersk Sees Strong Growth in Mexico
Maersk Line saw a 21 percent jump in cargo volumes in Mexico between January and October 2016 compared with the year-earlier period, says a report by T21. Mexico is expected to be one of the main beneficiaries of the newly expanded Panama Canal and its infrastructure is undergoing a major transformation in order to enable it to benefit from increasing trade. One of the most notable achievements of the shipping company in Mexico is the launch of the direct service between Mexico and Japan (Yokohama)…
Philippines-Indonesia Shipping Route Soon
The Department of Transportation (DOTr) announced plans to open a shorter shipping route between the Philippines and Indonesia, a move meant to strengthen trade relations between the two neighboring countries, reported Manila Times. The maiden voyage scheduled on April 28 will originate from Davao City, the hometown of Philippines President Rodrigo Duterte. Agricultural products will be among the first batches of cargo to be transported on the new shipping route, the trade department said.
ACO Claimers Delivered for Installation on Nibulon Tugs
ACO Marine has delivered three of its smallest Clarimar wastewater treatment units to Ukraine-based Nibulon Shipbuilding and Repair Yard for installation aboard a series of high specification project tugs. Nibulon, Ukraine’s leading exporter of agricultural products, grains and fertilizers with a history dating back to the nineteenth century, entered the shipbuilding and repair sector in 2012, following the acquisition and development of a yard on the Southern Bug River, near the company’s trans-shipment terminal, in Mykolayiv.
Panama Frees Vessel Held in Western Sahara Claim
Panama authorities have released a Moroccan phosphate shipment from the disputed Western Sahara territory after it was temporarily held by a legal challenge from the Polisario independence movement, officials said on Monday. The vessel was held on May 18 and is the second tanker carrying phosphate cargo from Moroccan exporter OCP stopped this month by a Polisario challenge. Polisario claims the cargo was transported illegally, a new tactic in its dispute with Morocco. Western Sahara has been disputed since 1975, when Morocco claimed it as part of the kingdom and the Polisario fought a guerrilla war for the Sahrawi people's independence. A 1991 ceasefire split the region in two between what Morocco calls its southern provinces and an area controlled by Polisario.
Public-Private Project Promises to Revive America’s Marine Highway
Plaquemines and American Patriot Holdings plan new container port-vessel system. Plans are underway for a new 4,200-acre intermodal container terminal within the Port of Plaquemines Harbor and Terminal District. The project, a partnership (Exclusivity Agreement) between the Port and American Patriot Holdings (APH) calls for the development of a logistics system for “vessel operations comprised of deep-water docking at the Pointe Celeste Container Terminal and multiple upriver terminals.” That’s the Mississippi River, of course, and initial upriver terminals could be sited in Memphis and St.
Study Examines Economic Impact of US Waterways
A study unveiled today documents the contribution of the American tugboat, towboat and barge industry to the U.S. economy. The study, developed through a cooperative agreement between the American Waterways Operators (AWO) and the Maritime Administration (MARAD) and conducted by PricewaterhouseCoopers, explores the industry's economic contributions to employment, gross domestic product and taxes at the national and state levels; details the types and quantities of vital commodities transported on American waterways…
St. Louis Region’s Agriculture Freight Network Poised for Growth
As cargo handling capacity increases along the Mississippi River, this 15-mile section of the Mighty Mississippi is being called the Ag Coast. Located in the heartland of America, one 15-mile section of the Mississippi River in the St. Louis, Missouri, region delivers the highest level of grain barge handling capacity anywhere along the Mighty Mississippi. In fact, it is now being called the “Agriculture or Ag Coast” of America in terms of barge transfer facilities for agricultural products.
New Orleans' Big Plans Showing Dividends
A Container-on-Barge service intended to be an integral part of the regional intermodal equation is gathering momentum – and customers. Quietly, the Port of New Orleans (NOLA) has marked some important accomplishments in the past two years, across multiple business sectors. For example, in April 2016, NOLA’s Board dedicated a $25 million Mississippi River intermodal terminal, capable of handling 160,000 twenty-foot-equivalent (TEU) units per year by rail. CN Railroad signed a memorandum of understanding (MOU) a year earlier (2015)…
DP World to Develop Logistics Plan for Mali
DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, met with the President of Mali, Ibrahim Boubacar Keïta, last week to discuss a trade and logistics master plan to unlock the resource rich country’s economic potential. The plan includes a transportation and logistics strategy with electronic customs processes, replicating DP World’s successful model with Dubai Trade at its flagship Jebel Ali Port and Freezone in Dubai. Regional trade in West Africa connects through ports such as DP World Dakar in Senegal to international markets.