Port of Incheon Volume Crosses 3 mln TEU
The Container Handing Volume by the Republic of Korea's Port of Incheon surpassed 3 million TEU that it has processed over 1 year. Incheon Port’s 3 million TEU is a record achieved in 12 years after achieving 1 million TEU (2005) and in 4 years after achieving 2 million TEU (2013) and based on the 2016 performance, it is the best performance and accomplishment in history, putting it in 47th place out of the global container ports. Such container volume was handled with 49 sea routes.
London Gateway Ups Security Measures
Expanded use of converged security and information management platform will support physical and IT security program at DP World London Gateway. London Gateway, one of the U.K.’s major ports owned and operated by DP World, has implemented converged security and information management (CSIM) software port-wide to increase security and provide overall situational awareness capability. Situated on the north bank of the River Thames, the deep-sea container port is located next to Europe’s largest logistics park, providing shipping access to key U.K. consumer markets.
PSA's Port Inks Solar Deal with Sunseap
PSA Corporation and Sunseap Group Pte Ltd have signed a 21-year solar power purchase agreement that will enhance the eco-friendliness of the container port and ancillary buildings in PSA’s Singapore facilities. Sunseap will construct and install a 4 Megawatt peak solar system across five sites in PSA’s Singapore terminals, including terminal buildings, gates, maintenance base and workers’ dormitories at Pasir Panjang Terminal. Under the contract, Sunseap will install and maintain…
Shanghai Port Sets New World Record
The annual handling capacity of Shanghai Port surpassed 40 million TEUs (twenty-foot equivalent units), breaking an existing world record, the Chinese state media reported. Xinhua quoted the Shanghai International Port Group saying that Shanghai Port started container transportation in 1978 with a handling capacity of 7,951 TEUs that year. As one of China's largest ports, its throughput exceeded 30 million TEUs in 2011. In December 2017, Shanghai Yangshan Deep Water Port, the world's biggest automated container terminal, started trial operations.
Port Design – Singapore Invites Entrants for US$ 1M Prize Competition
Performance, productivity, sustainability - achieve these three targets in order to win the Next Generation Container Port (NGCP) Challenge's top prize of USD1 million. Jointly organised by the Maritime and Port Authority of Singapore (MPA) and the Singapore Maritime Institute (SMI), the NGCP Challenge seeks to identify ideas that will achieve a quantum leap in port performance, productivity and sustainability for a new generation of container port that is set 10 years in the future. The NGCP Challenge was officially launched by Capt M Segar, MPA's Assistant Chief Executive (Operations). Registration for the international competition is open till 31 July 2012. Participants will have to submit their proposals by 31 December 2012.
Top 10 Container Ports by Volume
It comes as no surprise that the world’s top 10 container ports by TEU volume are all located in Asian countries. Seven of those top ports are Chinese, with Shanghai leading the way with 36.54 million TEU in 2015, according to data compiled by the World Shipping Council. At number 11 globally, Rotterdam (12.23 million TEU) just missing cracking into the top 10 but ranks as the top European port. Los Angeles (8.16 million TEU) is the top container port in the Americas, and 19th in the world. World Shipping Council’s list of the top 50 container ports by volume can be found here.
Opera on PortSide Tanker in Container Port
As part of PortSide NewYork’s efforts to raise awareness of, and appreciation for, the waterfront and working waterfront in the Port of New York, Puccini’s opera Il Tabarro set on the tanker home of the Mary Whalen, in a working container port will be performed by Vertical Player Repertory and hosted by American Stevedoring, the operators of the Red Hook container port in Brooklyn. The tanker is the stage; the audience sits on the pier. Actual stevedores and professional opera singers will share the stage, in a story about barge life, adultery and murder, surrounded by views of gantry cranes, containers, the lumber port, passing vessel traffic and a spectacular view of Governor's Island and the lower Manhattan skyline, making an unforgettable on-site experience.
Ocean Shipping Consultants Release Container Ports and Terminals Report
and summarizes the major strategic issues facing the market. latest demand projections. The study details forecasted demand growth by region; the impact of new industry structures; productivity and regional trends; definition of changes in the terminal market; the impact of emerging rules and regulations; approaches to the container terminal tendering process; ways of reducing environmental impact and easing congestion. shipping lines and all those engaged in this market sector.
OSC Releases Study on Container Port Strategy
Ocean Shipping Consultants released a new in-depth study that looks at the market for container ports and terminals and summarizes the strategic issues facing the market. Container Port Strategy summarizes the issues driving the market and details OSC's latest demand projections. The study details: forecast demand growth by region; the impact of new industry structures; productivity and regional trends; definition of changes in the terminal market; the impact of emerging rules and regulations; approaches to the container terminal tendering process; and ways of reducing environmental impact and easing congestion. shipping lines and all those engaged in this market sector. A brochure detailing the study can be downloaded from the OSC website.
COSCO Sees Piraeus in Top Thirty by 2018
COSCO Shipping, plans to ramp up container volume at Greece’s biggest port in Piraeus by 35 percent by 2018, the port’s new managing director, Fu Cheng Qiu, said, reports Reuters. China's biggest shipping company, which owns the world's fourth-largest container shipping fleet, bought 51 percent of the port's operating company last month for 280.5 million euros ($315.5 million), one of Greece's biggest and most strategic privatizations since a debt crisis began in 2009. COSCO wants…
Shanghai Retains Crown as Busiest Container Port
China’s Shanghai retained its title as the world’s busiest container port for a fifth consecutive year after widening the gap with its closest rival Singapore, according to a report from Bloomberg. While, Singapore handled 33.9 million 20-foot containers last year, Shanghai’s final figure for 2014 would be about 35.2 million boxes. A year before, the gap between the two ports was about 1 million boxes. Shanghai port, which includes Waigaoqiao port, Yangshan port and Wusong port, has been the world’s busiest container since 2010 when its annual volumes surpassed that of Singapore.
Hutchison Whampoa Says It Will Not Control Canal
Hong Kong tycoon Li Ka-shing dismissed suggestions that his company Hutchison Whampoa Ltd. would control the Panama Canal when it begins operating container ports at each end of the strategic waterway. Li was responding to remarks by President Bill Clinton, who said last week that he did not expect any adverse consequences from "the Chinese running the canal". "We cannot possibly control the canal," Li said. Li has strong ties to China. U.S. lawmakers have expressed concerns that this could eventually give China effective control of the 51 mile (82 km) long canal once the U.S. military pulls out. The Clinton administration has repeatedly assured them that China will not take it over.
Hutchison To Hold 45 Percent Stake in Container Port Project
Hutchison Whampoa Ltd. would directly hold about 45 percent, not 65 percent, of the phase three of the Yantian container port project in the southern Chinese city of Shenzhen, a Hutchison official said on Thursday. She added that Hutchison has a majority stake in a foreign entity that would hold a 65 percent stake in the project. Through the investment entity, Hutchison would hold an "effective 45 percent", the official said. Officials at Hutchison's China partner Yantian Harbour Group said on Wednesday that China had allowed Hutchison to take a 65 percent stake in the project, while Yantian Harbour would hold the remaining 35 percent.
Maersk's APM Snaps up 11 More Terminals
Port operator APM Terminals, part of Denmark's A.P. Moller-Maersk, is buying 11 container ports from Spanish shipping and logistics group Perez y Cia to boost its presence in emerging markets and better serve bigger container vessels. No terms were given for the deal, which will increase APM Terminals' container ports to 74 from 63 including terminals in Colombia, Brazil and Mexico, but Nordea Markets estimated an enterprise value of around 1.35 billion euros ($1.5 billion), based on similar deals and other companies in the sector.
Ottawa Express First Ship in Port of Montreal in 2018
By crossing the downstream limits of the Port of Montreal at Sorel at 11:55 a.m., the Ottawa Express became the first ocean-going vessel to reach the Port of Montreal without a stopover in 2018. The Ottawa Express under the command of Captain Rakesh Kumar, is a container ship operated by Hapag-Lloyd and represented in Montreal by the Robert Reford Agency. The Ottawa Express left the Port of Liverpool, England, on December 21st. It docked late afternoon at Berth 77 at Cast Terminal operated by Montreal Gateway Terminals Partnership…
TMEIC GE Awarded Contract in Peru
TMEIC GE is providing its MaxSpeed crane control system featuring TMdrive-10 controls, Programmable Logic Controller (PLC), and Crane Management Systems for DP World’s new container port in Callao, Peru, near the capital, Lima. The new container terminal with one million TEU capacity, will initially be constructed with two berths comprising 650 meters of quay line and 22 hectares of yard, and is expected to be operational second quarter, 2010. The berths will initially be capable of handling vessels of up to 8,000 TEU nominal capacity. Callao is the largest and fastest growing container port on the west coast of South America. (www.tmeicge.com)
North European Containerport Markets to 2025
The North European container port market bounced back strongly from the economic downturn. Total demand reached 57.9m TEU in 2011, representing an increase of 22 per cent since 2009. The eastern Baltic is seeing particularly strong growth. Transshipment demand is increasing. Inland transport costs are increasing rapidly and this – together with increasing environmental pressures – is highlighting the need for intermodal transport solutions. Much larger vessels have entered the Europe-Far East trades, and more are. The container shipping market is in crisis, with severe overcapacity resulting in lines recording huge losses. The position of the lines as customers and as users of North European container terminals is generating considerable uncertainty.
Admiralty Provides New ENC Coverage of Vietnam
The United Kingdom Hydrographic Office (UKHO) has announced new ENC (Electronic Navigational Chart) coverage of a key shipping route in Vietnam, providing greater navigational detail of the region. The three new ENCs cover the ports and approaches to Vung Tau, which includes the main container port of Cai Mep, and are only available through the Admiralty Vector Chart Service. The new ENCs have been produced in response to increasing demand from shipping companies for fully compliant chart data for the region, which has seen significant economic development in the last decade. “Vietnam continues to outperform many economies around the world,” said Guy Edwards, Head of Admiralty Asia Pacific, Singapore.
Yet More Consolidation Proposed in Russia
The prospect of Russia’s two largest container terminal operators joining forces has raised concerns over the dominant position that the combined enterprise would enjoy were the deal to be agreed. Global Ports Investments (GPI), one of the two largest players in the Russian container port market, is investigating the acquisition of a controlling stake in National Container Company (NCC), the other dominant player in the Russian market. The prospect of Russia’s two largest container…
P&O Reported To Take Over New York Container Terminal
British shipping giant P&O is poised to take over operations at New York's largest container terminal, the Sunday Telegraph newspaper reported. It said P&O would pay $650 million for a 30-year concession on the terminal at Port Newark, which is the second largest container port in the U.S. by throughput. It said the group was also negotiating a new 56-acre container terminal deal in New Orleans, and the acquisition of a third terminal in Buenos Aires.
Boskalis Extends Container Port at Panama Canal Entrance
Boskalis extends container port at Panama Canal entrance Dredging company Royal Boskalis Westminster has won a contract for the extension of the container port of Balboa, Panama, at the Pacific mouth of the Panama Canal. The work is expected to be completed in 15 months. The contract is worth approximately $67.1m. The project will be executed for Panama Ports Company S.A., a member of the Hutchison Port Holding Group of Hong Kong. The work includes the construction of additional port area, a retaining rock dike and a link structure to the existing berths 16 and 17. Boskalis will deploy its American trailing suction hopper Stuyvesant, a large backhoe and a few transport barges for this job. The civil works will be executed by the Panamanian partner Intercoastal Marine Inc.
U.S. Ranks Second in Maritime Container Traffic
The United States ranks second in world maritime container traffic with one in nine maritime containers in the world either bound for or coming from the United States, according to “America’s Container Ports: Delivering the Goods,” a new report from the Bureau of Transportation Statistics (BTS). BTS, a part of the U.S. Department of Transportation’s Research and Innovative Technology Administration, reported that U.S.-container trade in 2005 and 2006 was more than double the trade of a decade earlier. An estimated 46.3 million 20-ft. equivalent units (TEU’s – the standard measure for counting containers of various sizes) passed through U.S. ports in 2006, up from 22.6 million in 1996. Two-thirds of the containers are imported into the United States.
Container Port Sector Remains Dynamic and Profitable
Drewry’s latest annual report on global and international container terminal operators shows that the sector remains dynamic and profitable, but that numerous changes are also taking place. All terminal operators face the challenge of growth on two fronts – growth in container demand and growth in ship sizes. Whilst it is generally agreed that future container demand growth will not be as strong as the boom periods of the 1990s and 2000s, global container port demand is still forecast to exceed 800 million teu p.a. by 2017, growing by just over 5% p.a. To put this growth into context, the 186 million teu which this growth represents is the equivalent of the entire throughput of all Chinese ports in 2012.