China Merchant Port Holdings Pays USD 584 mln to Hambantota Port
China Merchants Port Holdings (CM Port) has invested the final tranche of USD 584.2 million in Sri Lanka’s Hambantota Port after acquiring an 85 percent stake in the port last year. The cheque to the effect was handed over to the Chairman of Sri Lanka Ports Authority (SLPA) – Dr.Parakrama Dissanayake by the Chief Representative of China Merchant Group in Sri Lanka - Mr.Ray Ren in the presence of senior port officials and representatives of CM Port. This makes the single highest ever Foreign Direct Investment (FDI) received by Sri Lanka to date.
Expansion Set for Prince Rupert Fairview Terminal
The Port of Prince Rupert and DP World have agreed on terms of a project development plan that outlines the next phase of expansion for the DP World Prince Rupert Fairview Container Terminal. The Phase 2B expansion will increase annual throughput capacity at Canada’s second largest container terminal to 1.8 million TEUs (twenty-foot equivalent units) when complete in 2022. DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said: “Canada is an important part of our global network and we are delighted to confirm these plans…
DCA's Doyle: President Trump Supports Strong Infrastructure Projects
In an address to Western Dredging Association (WEDA) stakeholders, William P. Doyle, CEO & Executive Director Dredging Contractors of America told his audience: It all starts with dredging. Good Morning, and thank you for inviting me here today to open-up the conference. This is my first time addressing the Western Dredging Association (WEDA), and I am honored to be here. It all starts with dredging, and President Donald J. Trump is backing it up with critical legislative measures. As I will address later in my remarks– the U.S.
ICTSI Contecon Guayaquil Gets Approval to Handle Mega Vessels
Contecon Guayaquil SA (CGSA), subsidiary of Manila-based International Container Terminal Services (ICTSI) has received the government of Ecuador approval to accommodate mega vessels of up to 305 meters in length at the Port of Guayaquil’s Berths 2 and 3. "ICTSI further strengthened its market position as the main trading gateway in the entire Ecuador after recently getting the government’s nod to service larger vessels," said a press release from the company. The Ecuadorian Ministry of Transport and Public Works…
Cress Systems Helps Container Terminals
Cress Systems helps container terminals reduce fuel bills, emissions and power peaks with ProwESS energy storage for rubber-tyred gantry cranes (RTGs). New technology allows container ports and terminals to capture, store and reuse energy from container yard handling equipment to reduce fuel cost and emissions and better manage peak electricity demands. Following a successful proof of concept trial at the UK Port of Felixstowe, Cress Systems is pleased to announce the commercial release of its ProwESS energy capture, storage and reuse system for container terminal yard handling equipment.
DP World Threatens Legal Action Over Djibouti Port Row
DP World threatened legal action against Djibouti after the government of the Horn of Africa nation ended a contract this year with the Dubai-owned firm for running a port facility, the company's spokesman said on Thursday.Djibouti ended the contract in February with DP World to run its Doraleh Container Terminal.The Dubai-based company said it issued its statement after "reports of the opening of the first phase of the Chinese built International Free Trade Zone, in violation of DP World's exclusive management rights.""DP World reserves the right to take all available legal actions, including
ICTSI Wins Sudan Port Contract
Philippines-based International Container Terminal Services Inc. (ICTSI) said it has been chosen by the government of Sudan to handle the operations and management of the South Port Container Terminal (SPCT). In a disclosure to the Philippine Stock Exchange yesterday, ICTSI said the state-run Sea Ports Corp. of Sudan (SPC) has confirmed it as the preferred bidder to operate and manage the SPCT under a 20-year concession. ICTSI, controlled by gaming and ports tycoon Enrique Razon Jr.…
Oosterhout Container Terminal Joins West-Brabant Corridor
Oosterhout Container Terminal (OCT) has now joined the West-Brabant corridor, the partnership launched in February 2018 between deep-sea terminals, inland shipping companies and inland terminals to bundle container cargo on the sailing route between Tilburg, Moerdijk and the Port of Rotterdam. The addition of OCT has resulted in an approximate thirty-percent increase in container volume on this sailing route. In practice, the partnership means that vessels consolidate cargo at different terminals in Moerdijk…
Terminal Industry Committee 4.0 Established
Recognizing the need for the container terminal industry to prepare for the 4th industrial revolution and to further advance digitalization, an open group of 15 global private container terminal operators and some port equipment manufacturers has recently met in Brussels on 30thMay 2018 at FEPORT (The Federation of European Private Port Companies and Terminals) premises to discuss the current challenges for the cargo handling industry. A press release from Port Equipment Manufacturers…
APM Terminals' New Gateway to Iraq
New pre-arrival clearance protocols and reduced terminal handling charges for containers in transit, mean that Jordan’s deep-water Aqaba Container Terminal (ACT), located on the Red Sea, is now a realistic alternative maritime gateway for Iraq-bound cargo. Containers imported into Iraq will no longer have to be trans-loaded onto new trucks as they cross the Jordanian/Iraqi border. “The Aqaba Container Terminal has been working hard over the years to develop a competitive gateway to Iraq," says ACT Managing Director Steven Yoogalingam.
Port and Maritime Officials Gather in Singapore
The fifth run of the MPA Academy Port Management Programme (PMP), aimed at port masters, harbour masters and middle managers from maritime and port authorities, kicked off today with a record 20 maritime officials from across Africa, Asia, Latin America, Middle East and Oceania. Developed and organised by MPA Academy, the five-day programme will be delivered by practitioners from the industry as well as senior officers from the Maritime and Port Authority of Singapore (MPA). Some of the key subjects that will be covered during the programme include safety, port planning and security.
DP World Jeddah Upgrades to Navis N4
Navis, a part of Cargotec Corporation, announced that DP World Jeddah has upgraded from Navis SPARCS to N4 3.5 terminal operating system (TOS). The implementation of the updated TOS is a move by the terminal to leverage the latest technology to meet continuous customer service demands and address the need for increasing operational support as incoming cargo volume rises. DP World operates the South Container Terminal (SCT) at Jeddah Islamic Port, a crucial link in the world’s busiest East-West trade routes through the Red Sea and catering to a rich domestic cargo base. The port is the main import destination for Saudi Arabia, handling 59 percent of its imports by sea and serving its main commercial centers.
Port of Oakland Wants Terminals to Get Greener
Oakland’s largest marine terminal operator plans to clear the air using hybrid cargo-handling technology. SSA Terminals said today it will retrofit 13 diesel-powered cranes with diesel-electric hybrid engines. The upgrade is estimated to eliminate more than 45 tons of exhaust emissions annually at the Port of Oakland. The projected cost to upgrade the cargo-handlers, known as Rubber Tired Gantry Cranes, is more than $6 million. The Bay Area Air Quality Management District this…
Kalmar to Supply SmartPower RTGs to Port of Buatan
Kalmar, part of Cargotec, has concluded a deal with Riau Andalan Pulp & Paper (RAPP) to supply three Kalmar SmartPower rubber-tyred gantry cranes (RTGs) for its container yard at the Port of Buatan in Indonesia. The order was booked in Cargotec's 2018 first quarter order intake and delivery is scheduled to take place towards the end of Q4 2018. RAPP, a subsidiary of APRIL Group - one of the world's leading producers of pulp and fine papers - operates a pulp and paper mill in Riau Province on the Indonesian island of Sumatra.
New Hyundai Container Service Serves Hamburg
The Korean container shipping company Hyundai Merchant Marine (HMM) has started a new, independent Asia-North Europe service in April. The first vessel of the AEX service to call at Eurogate Container Terminal Hamburg on 12 May was ‘Hyundai Forward’ with a capacity of the 4,700 TEU. A total of ten units of these comparatively small Panamax container ships will rotate weekly between Busan (Korea), Shanghai (China), Ningbo (China), Kaohsiung (China), Yantian (China), Singapore, Colombo (Sri Lanka)…
HoogTij to Build Deep-sea Quay
The construction of a 900-metre-deep deep-sea quay near the HoogTij business park along the North Sea Canal is set to begin this summer. HoogTij is divided into two parts: a site reserved for port-related companies (the maritime section) and a site intended for land-based companies (the land section). The total area can accommodate 130 hectares of business activity. HoogTij is a project initiated by the Municipality of Zaanstad, Port of Amsterdam and Ontwikkelingsbedrijf Haventerrein Westzaan (the Haventerrein Westzaan Development Company).
Cosco Shipping Gets US 'Go-Ahead' for OOCL Deal
China’s Cosco Shipping Holdings Co received the clearance of a U.S. national-security review body, removing a major overhang of the USD 6.3 billion deal of taking over Orient Overseas International Ltd (OOCL). According to a Reuters' report, the U.S. Committee on Foreign Investment in the United States had notified it that it does not have any outstanding security issues following an agreement with the U.S. government to divest the Long Beach container terminal business to a third party. Cosco said the U.S.
St. Louis: the heartland’s intermodal hub hosts two industry events
The 5th annual inland IMX show coincides with the first ever FreightWeek STL. For transport professionals, supply chain stakeholders and inland operators alike, there was something for everyone. St. Louis, MO: This week’s IMX inland marine industry tradeshow may have been the primary focus for inland stakeholders, but there were many more reasons to be here in St. Louis. Parallel with and coordinating with the 5th annual event was the weeklong FreightWeek STL event intended to spotlight freight and transportation industries, opportunities and to underscore the St.
Italy’s First, Fully-Automated Gantry Cranes Reach Vado Ligure
Italy’s first ARMG (Automated rail mounted gantry cranes) have reached APM Terminals Vado Ligure. These will be used in the new Container Terminal due for completion in 2019. The long journey to Italy started in China in January and included stops in South Africa and the UK. These six cranes are the first of 21 cranes to be delivered. These fully automated Gantry Cranes are the most technologically advanced in the terminal. In addition to their considerable size (they can handle up to six stacked containers)…
DP World Not for Settlement with Djibouti
The Dubai-based port operator DP World said that it will not consider alternative legal options outside a court settlement in a dispute with the Djibouti government over the Doraleh Container Terminal. A DP World spokesperson said that the concession agreement remains in place, and the action taken by the Djiboutian government is subject to legal process in the International court of Arbitration in London. “We await the outcome of this process. The Doraleh terminal has a capacity of 1.6 million TEUs per year.
SSA Terminals Extends Marine Lease at Oakland
A major global marine terminal operator has OKd a new Port of Oakland lease that runs through 2027. The agreement includes options that could keep SSA Terminals (Oakland) here to 2042. The Port today characterized the deal as validation for the city’s maritime future. “SSA is an influential player on the waterfront worldwide, and a significant presence in Oakland,” said Port Maritime Director John Driscoll. Oakland’s Board of Port Commissioners approved the new lease last night.
Port of Hamburg Delegation in China
A delegation from Hamburg was in China from 14 to 18 May, visiting companies in Zhengzhou, Shanghai and Hangzhou. Organized by Port of Hamburg Marketing (HHM) in cooperation with the Hamburg Representative Office in Shanghai, the delegation’s tour was led by Axel Mattern, HHM’s Joint CEO, and Mathias Schulz, its Head of Market Development Asia. The delegation included representatives of TCO Transcargo, Rostock Port, Trelleborgs Hamn, Hamburg Port Authority (HPA) and Hamburg Invest.
Kalmar Upgrades Bristol Port's STS Crane
Kalmar, part of Cargotec, has signed a contract with The Bristol Port Company to undertake a comprehensive upgrade of one of the terminal's ship-to-shore (STS) cranes.The order was booked in Cargotec's 2018 second quarter order intake and the upgrade project is scheduled to be completed during Q1 2019.The Port of Bristol is located at the mouth of the River Avon in south-west England and can handle vessels of up to 130,000 dwt.James Overthrow, Director of Engineering at The Bristol…