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Port Tariff News

01 Apr 2021

Jones Capital Acquires Rockport Terminals

Jones Capital said it has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast.Rockport Terminals is located within 28 miles of the fast growing Port of Corpus Christi, but outside of the Port's tariff zone. With more than 250 acres of industrial land, Rockport Terminals boasts access to the Intracoastal Waterway, nearby railways and many major highways. Today, the terminal specializes in bulk liquids storage, bulk and break bulk…

12 Dec 2018

Nitin Gadkari Flags Off First Container Vessel at Tuticorin

Indian Shipping Minister Nitin Gadkari Wednesday flagged off the maiden container mainline vessel at VoC Port (Tuticorin Port), opening direct shipping route to eastern countries.Calling the step a "gamechanger in container traffic of South India", Gadkari said that Tuticorin has the potential to become a "major industrial hub".At present containers from Tuticorin to Far East countries viz Malaysia, Singapore, China and Hong Kong are transited by the feeder vessels to Colombo where they are further connected to the mother vessel .With Mainline call being done directly at Tuticorin, there will be saving on account of the  transshipment cost. EXIM trade will benefit and there will be a saving of approximately 50 USD  per container as handling of container at Colombo will not be required.

03 Jul 2018

Gothenburg Port Extends and Renews Green Discount

The Port of Gothenburg has extended and renewed the port tariff discounts for vessels running on liquefied natural gas (LNG). In 2015, the Port of Gothenburg introduced an environmental discount on the port tariff in an effort to increase the number of calls by ships running on LNG. Several major LNG investments have been made since then, including initiatives by a number of Swedish shipping companies. This has had a positive impact on the environment, including reduced emissions of sulphur dioxide, particles and nitric oxide into the air in western Sweden. "The Gothenburg Port Authority is now set to extend the discount period and is already outlining a renewed environmental discount," says a press release from the company.

29 Jun 2018

Gothenburg Port Renews Port Tariff Discounts for LNG Vessels

As part of the Gothenburg Port Authority environmental discount scheme, vessels that report good environmental performance receive a 10 per cent discount on the port tariff, assuming they achieve a certain level according to the globally recognised environmental indexes ESI and CSI. Vessels that run on LNG receive an extra discount of 20 per cent each time they call. The LNG discount is subject to a time limit and is due to run to the end of this year, although the Port Authority is considering extending the discount period. LNG is currently the cleanest marine fuel available for large-scale shipping. Use of the fuel began to gather momentum at the Port of Gothenburg in the second half of 2016.

18 Mar 2018

Sweden: A Pioneering Nation in Green Shipping

Sweden is a role model for the global shipping community, and other countries have a great deal to learn from the work being done by the Swedish shipping industry to reduce emissions. This is one of the findings in a new report – Decarbonising Maritime Transport: The Case of Sweden – where efforts aimed at bringing about a greener shipping sector in Sweden are described as a “success story”. OECD’s International Transport Forum (ITF) published a new report –  Decarbonising Maritime Transport: The Case of Sweden. The report examines the various elements which it is stated have put Swedish shipping firmly at the forefront environmentally. “We are extremely proud that Swedish shipping has been highlighted in this way by such an eminent organisation.

19 Nov 2017

Moody's on Shanghai Port Tariff Cut

Moody's Investors Service says that the announcement by China's National Development and Reform Commission (NDRC) of a cut in the handling tariff for import and export containers is credit negative for Shanghai International Port (Group) Co., Ltd (SIPG), but will not immediately affect SIPG's A1 issuer rating or the A2 backed senior unsecured bond ratings of Shanghai Port Group (BVI) Holding Co., Ltd. The ratings outlook remains stable. "The reduction in tariff will negatively impact SIPG's profitability and cash flow generation capability from 2018 onwards, and reduce the financial headroom for its standalone credit profile," says Osbert Tang, a Moody's Vice President and Senior Analyst, and the Local Market Analyst for SIPG.

11 Oct 2017

Gothenburg Port Extends Discount Period for Vessels

Gothenburg Port Authority has opted to keep the Port Tariff unchanged for the third year in succession. The charges for 2018 will thus be on the same level as 2015. Port charges are levied on all vessels that call at the Port of Gothenburg. The charges are based on vessel type and gross tonnage, and are used to finance a range of activities, including fairway maintenance, traffic information and port safety. The Port of Gothenburg has opted for the third year in succession not to increase the charges set out in the Port Tariff. “By doing so, we are seeking to boost growth in industry, shipping and port operations. At the same time, we want to be part of the effort to curb rising logistics costs for our stakeholders,” said Magnus Kårestedt, Gothenburg Port Authority Chief Executive.

19 Jan 2017

HMM Acquires 20% Stake in Long Beach Terminal

South Korean shipping line Hyundai Merchant Marine Co. (HMM) said it will buy a fifth of the company that runs the biggest container terminal at Long Beach Total Terminals International terminal (TTI), Calif., the U.S.’s second-largest port. HMM announced that its board of directors decided to buy a 20-percent stake in TTI and equipment-leasing firm HTEC for a combined US$15.6 million. HMM will now become the No. 2 stakeholder in TTI after Geneva-based Mediterranean Shipping Co (MSC). TTI operates terminals at Seattle and Long Beach. HMM will receive the same port tariff rates with MSC, and it will help reduce terminal handling costs and secure stable profitability. Also, MSC will stand surety for TTI’s loans and lease which means HMM is not responsible for TTI’s debts.

10 Nov 2015

Tariffs Hiked at Rotterdam Port

The tariffs which visiting sea-going vessels pay in Rotterdam will increase by 0.5% next year. That is half of the past year’s inflation rate. This is in accordance with the three-year agreement made last year between Deltalinqs, VRC, VNPI and the Port Authority on changes to the port tariffs. At the time, the parties agreed to allow an increase in tariffs equal to half of the inflation rate, with a maximum of 1% per annum, for a period of three years. In addition, the Port Authority applies a number of targeted measures to encourage specific sectors, such as container transhipment. In the container sector, the Port Authority is aiming to increase the number of transhipment containers.

17 Oct 2015

Port Charges for Gothenburg Frozen

Gothenburg Port Authority has decided to leave the Port Tariff unchanged. As a result, the Port Tariff for 2016 will remain at the 2015 level. All ships calling at the Port of Gothenburg pay a port charge based on the ship's gross weight and classification. The port charge is used to finance, for example, fairway maintenance, traffic information systems and safety at the port…. Ships that demonstrate good environmental performance receive a discount on the port charge at the Port of Gothenburg. Two indexes are used as a basis for calculating the environmental discount – the Environmental Ship Index, which is used at many ports throughout the world, and the Clean Shipping Index, which is an environmental index where the cargo owners rate ships and shipping companies.

03 Jul 2015

Port Gothenburg Offering LNG

Ships running on liquefied natural gas (LNG) are going to be able to bunker at the Port of Gothenburg, as new regulations for LNG bunkering have been introduced by the Gothenburg Port Authority in collaboration with the Port of Rotterdam and the Swedish Transport Agency. The regulations will allow cargo ships to bunker LNG at a cargo terminal and are the first general regulations to be introduced in Sweden. Dan-Erik Andersson, Vice President Operations at the Port of Gothenburg Energy Port, said: "We firmly believe that LNG is the marine fuel of the future. The new regulations will have a key role to play in bringing added momentum to our region.

06 Jan 2015

Indian Shipping Industry Mulls Major Makeover

Captains of the shipping industry in India are pinning hopes on solid policy support in 2015 as promised by the Shipping Minister Nitin Gadkari that would transform the industry and would increase buoyancy and investment opportunities. With strong policy support by the government on the anvil, Indian shipping is pinning high hopes on buoyancy and investment opportunities in the sector. The industry observers believe that the direction and pace at which the government was moving to transform the sector could ease its life in the current challenging global market environment. India has 13 major ports and about 200 non-major ports. Cargo traffic, which was 911.5 million metric tonnes (MMT) in 2012 is expected to reach 1,758 MMT by 2017.

23 Sep 2014

Cargo Growth at Indian Ports Remain Sluggish

In FY14, total cargo handled at Indian ports increased by 4.3% to 976 million tonnes from 935 million tonnes during FY13. The growth was pegged down by sluggish cargo performance at the major ports which registered a meagre 1.8% growth in cargo volumes to 556 million tonnes in FY14. Non major ports on the other hand exceeded the overall growth rate by recording an 8.3% growth in throughput on a yoy basis to 420 million tonnes. While the growth was meagre, on a positive note the major ports arrested the decline in cargo volumes to register the first increase in yoy cargo throughput since FY11. During the first four months of FY15, the cargo throughput at major ports has registered a modest 3.3% growth over the corresponding period of previous year. According to Mr.

24 Jun 2014

Sydney Port Tariff to Rise

A Port Tariff increase will come into effect for New South Wales ports covering Sydney (Gore Bay, Port Botany and Kurnell) from August 1, 2014, GAC reported in its daily Hot Port News report. Sydney Ports has determined that an increase in Statutory Charges of 9.64% is required for all commercial ships and related cargo arriving in the port to help cover navigation services, pilotage and site occupation for non-passenger vessels. Source: GAC