Aker Solutions Wins Contract from Daewoo
Aker Solutions Malaysia Sdn Bhd has won a contract from Daewoo Shipbuilding & Marine Engineering (DSME) Malaysia Star reported. Aker Solutions opened a hi-tech manufacturing center at the Port Klang Free Trade Zone last year. Aker Solutions said the contract was for the delivery of a complete deepwater marine drilling riser system with a buoyancy package and associated equipment. This is the fourth similar contract from DSME to Aker Solutions this year. Source: Malaysia Star
DP World, Panama to Strengthen Ties
Trade infrastructure development to diversify Panama’s economy and DP World’s international experience in over 40 countries were at the centre of discussions held in Dubai yesterday between the global trade enabler’s Group Chairman and CEO Sultan Ahmed Bin Sulayem and Panamanian President Juan Carlos Varela. As part of his visit, Mr. Varela was taken on a tour of DP World’s flagship Jebel Ali Port and Free Zone, including Terminal 3, which is among the world’s most productive and technologically advanced…
Somalia Bans DP World, Says Contract with Somaliland Null
Somalia has banned Dubai ports operator DP World from operating in Somalia, saying that a contract that the company signed last year with the breakaway Somaliland region to develop an economic zone is null and void. It is unclear how Somalia's federal government could enforce the ban given Somaliland's semi-autonomous status. But parliament's unanimous passing of the resolution banning DP World from working in the country underscored growing rivalries in the strategic Horn of Africa region over the Dubai state-owned port operator's investments.
DP World Moves Ahead with Suez Canal Industrial Zone
Dubai-based ports operator DP World has inked an agreement with the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) to launch the first phase of an integrated industrial and residential zone in Sokhna. The framework agreement, which establishes a clear timetable of actions required to execute the first phase of the project spanning 30 square kilometres, was signed by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Admiral Mohab Mamish, Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone).
Albwardy Damen Receives Superbrands 2018 award
Albwardy Damen, the joint venture shipyard in Sharjah, UAE, between the Damen Shipyards Group and UAE-based Albwardy Investment, has received a prestigious Superbrands 2018 Award from Superbrands Worldwide, the world’s largest independent arbiter of branding. It pays tribute to the strongest and most valuable brands in the world through its publications and national marketing programmes. The winners of these awards were selected by the International Arbitration Board of the Award, made up of more than 4,000 marketing experts from the UAE business community.
Aker Kvaerner Opens Subsea Manufacturing Center in Malaysia
Aker Kvaerner's multi-million dollar integrated subsea oil and gas centre in Malaysia was officially opened today, marking the successful conclusion of an ultra fast-track schedule to bring the facility on stream. Located in Port Klang Free Zone, Pulau Indah, Klang, the purpose-built manufacturing centre, with a total investment value of USD 100 million, is the first of its kind in the world. With a presence in Malaysia dating back some 20 years, Aker Kvaerner has provided design engineering services, local fabrication and project management consultancy for a range of clients in the offshore and onshore oil and gas industry over that time. Recently, the company has been building up capacity in the region.
China Approves Shanghai Free Trade Zone
Covering 28.7 square kilometres, the new zone (a pilot project) will be built on the basis of existing bonded zones, the Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone. Citing a Ministry of Commerce statement, Xinhua, report that the zone is a crucial move in adapting to global economic and trade development and imposing a more proactive opening-up strategy, adding that it will help explore a new path for China's opening up…
BPA Calls for Debate on Free Ports Policy
The British Ports Association has called for a new debate on a free ports policy following a report from trade specialists Crowe Clark Whitehill LLP. “Free ports and free trade areas at ports is an interesting concept which many UK ports are looking at. Brexit could mean that new customs and trade opportunities arise and any proposals which make the UK ports and logistics industry more competitive and improves the flow of goods at ports should be welcomed. Of course, free zone…
Shanghai Cabotage Liberalised: 'Effect Limited' Say Analysts
Cabotage regulations for cargo moving to and from Shanghai have been formally liberalised. As a by-product of the establishment of the new China (Shanghai) Pilot Free Trade Zone concept, foreign-registered vessels are now officially able to carry containers between Shanghai and other Chinese ports – albeit that the vessels still have to have Chinese owners. Previously the formal position was that this could only be done by Chinese owned, Chinese flagged vessels thereby preventing the use of, amongst others, COSCO’s and CSCL’s foreign flagged ships – in theory.
DP World Signs MOU With Summa Group In Russia
Global trade enabler DP World and the Summa Group, a diversified business with significant infrastructure investments in Russia, have signed a Memorandum of Understanding (MoU) to explore investment opportunities in ports, special economic zones and inland logistics facilities in the Russian Federation. According to the MOU, the parties have decided to enter into preliminary discussions to consider the potential of a relationship between them to develop investment opportunities in ports…
Evergreen Expands Asia-South Africa Network
To offer a more comprehensive service on the Asia-South Africa trade, Evergreen Line will adjust its existing joint service with COSCO as well as contribute vessels to the service currently operated by K Line, MOL and PIL. Both moves will take effect in October. Evergreen will deploy two 4,200 TEU vessels on both the FAX service operated by COSCO and Evergreen as well as the ASA service, becoming joint service partners with K Line, MOL and PIL. This development of strategic cooperation with Evergreen's service partners will increase the line's frequency of sailings on the Asia-South Africa trade from weekly to twice weekly and add Keelung, Xiamen and Port Klang to its service network.
European Shipowners on US Steel, Aluminium Tariffs
European shipowners disagree with the US President Trump's decision to impose additional duties on imports of certain steel and aluminium products into the United States. “This protectionist decision of imposing 25% import duties on steel and 10% on aluminium will obviously have a negative impact on transatlantic relations and on global markets”, said Martin Dorsman, ECSA’s Secretary General. “The European Shipping Community is concerned with this development and the potential of full-scale trade war.
CEFC Bags Bunker Licence for Zhoushan Free Trade Zone, China
CEFC China Energy was awarded a licence by Zhoushan Free Trade Zone for supply marine bunker fuel off the east coast of China to vessels on international voyages, reports Reuters. The report quoted two CEFC officials saying that the license is to supply bunker fuel from bonded storage to vessels that call at the Zhoushan area. The Zhoushan Free Trade Zone is in the coastal province of Zhejiang and is a new free trade zone the Chinese government approved earlier this year to boost commodities trade.
Dubai Ports, Oracle Announce Joint Venture
Dubai Ports Authority (DPA) and the Jebel Ali Free Zone announced a joint venture with Oracle Corp. to establish the region's first e-business market. The Dubai Electronic Market (DEM) will start operating within 60 days, and would make it possible for businesses to buy, sell and compete on world markets. DPA will operate the project, while Oracle will provide the infrastructure and advanced technology. All purchase orders, confirmations, auctions and tenders will be processed on line by DPA. The move followed an announcement this month to bring local government services on line to speed up transactions, reduce costs and improve quality. Last year, Dubai announced plans to set up Dubai Internet City, a $272 million free trade zone for e-commerce.
PIL Sign MOU with Guangzhou Nansha Development Zone
A memorandum of understanding (MOU) was signed between Pacific International Lines (PIL) Group and China Guangzhou Nansha Development Zone. This MOU facilitates to increase trade cooperation, deepen business ties, and explore possible future business opportunities and development of a shipping/logistics base in the Nansha New Area. The Nansha New Area is one of three development zones that comes together to form the China (Guangdong) Pilot Free-Trade Zone. Mr Zhang Benhua, Director General…
NEOTEC, Port of Cleveland Host Foreign Trade Zone Seminar
Area companies can learn how to reduce costs and increase the efficiency of their global supply chain at a seminar on Foreign-Trade Zones on May 30 at Firestone Country Club in Akron. Hosted by the Northeast Ohio Trade and Economic Consortium (NEOTEC) and the Cleveland-Cuyahoga County Port Authority in conjunction with the Greater Akron Chamber, the half-day seminar will bring together nationally renowned FTZ experts to discuss the program’s benefits and how it helps companies become more globally competitive. Presenters include Dan Griswold, president of the National Association of Foreign-Trade Zones (NAFTZ) in Washington, D.C.; Trey Boring, a NAFTZ board member and senior vice president of IMS Worldwide, Inc.
Douala Cameroon, Antwerp Join Hands
The ports of Antwerp and Douala in Cameroon are to collaborate closely with each other over the next five years. The collaboration agreement was signed on Wednesday this week during an extensive visit by Antwerp port representatives to the port of Douala in Cameroon. Douala port authority is counting on the Antwerp know-how in order to boost the efficiency of its port operations, among other things. For Antwerp the agreement represents a way to maintain and further strengthen its position as market leader in West and Central Africa.
New Service - Port Everglades to Amazon
Bringer Lines, a Miami-based air and ocean shipping company, is beginning a new service from Port Everglades to the Amazon region of Brazil with Japanese cargo shipping company Kawasaki Kisen Kaisha, Ltd , better known as “K” Line. “The Broward County Commission has long recognized the trade opportunities created by having an oceangoing shipping service to Brazil as Florida’s leading trade partner, and to Manaus in particular because of the trade possibilities between the free trade zone there and Foreign-Trade Zone #25 located at Port Everglades…
DP World to Strengthen Ties with Thailand
DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation Sultan Ahmed bin Sulayem has met the Deputy Prime Minister of Thailand, Somkid Jatusripitak, who is responsible for seven ministries including Finance and Investments. During the meeting, which was held in Bangkok, Thailand, discussions revolved around the future prospects of cooperation between Thailand and DP World, exploring the potential for DP World to contribute in the country’s economic growth, especially in areas of ports, trade, shipping, and logistics industries.
Libyan Port's Record Container Throughput
This year (2013) Misrata’s non-oil port, situated 124 miles east of the capital Tripoli, has unloaded 208,339 twenty-foot equivalent units (TEUs) of containers, up from 159,634 last year, reports Reuters. Libya’s third-biggest city, Misrata, has benefited from better security conditions than other parts of the OPEC producer, which has been hit by turmoil since the 2011 toppling of Muammar Gaddafi. Analysts say, according to Reuters, that apart from better security, Misrata port benefits from a free trade zone offering special benefits for investors such as exemptions from taxes and duties. Source: Reuters
GAC Russia Expands Eastwards
GAC Russia said it is expanding eastwards with the opening of new branches at Nakhodka and Yuzhno-Sakhalinsk to meet demand for shipping services as opportunities open up in Far East. According to GAC Russia, this means it is the only ship agent with a presence throughout the interconnected Arctic region and Far East: at Murmansk, Kandalaksha, Sabetta, and now Nakhodka and the capital of the Sakhalin region, Yuzhno-Sakhalinsk. Arkady Podkopaev, GAC Russia’s General Manager, said, “GAC has been active in Russia since 2001 and has built a strong network of offices in the European part of the country. As the Russian Federation focuses on developing political and economic relations with the Asia-Pacific region, the country’s Far East has moved to the top of the agenda.
Port Klang's throughput surge to 13.2m TEU
Port Klang Authority stated that Port Klang registered a positive growth of 10.8% in 2016 in container handling compared to 2015 with a total of 13,169,577 TEU’s, Northport handled 3,223,544 TEU’s while Westports handled 9,946,033 TEU’s. In terms of import container throughput, Port Klang handled 2,063,736 TEU’s,registering growth of 3.6 % compared to 2015’s performance - Northport handled 802,993 TEU’s while Westports handled 1,260,743 TEU’s in 2016. TEU’s compared to 2015; Northport handled 760,148 TEU’s and Westports handled 1,278,379 TEU’s.
APL launches India East Coast Express Service
APL today announced the launch of the India East Coast Express (IEX) service – a new weekly service which directly connects the North Asia markets of Korea and China to Chennai, India. “The new IEX service facilitates our customers’ growing business need for additional and more competitive shipping options. Through the IEX service, shippers will benefit from fast and reliable transit between the North, Southeast and South Asia markets. Additionally, the strategic port calls of…