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.
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.
HPH Trust Cautiously Optimistic on 2018
Hong Kong's Hutchison Port Holdings Trust (HPH Trust) saw its fourth-quarter earnings fall 38.4 per cent on weaker revenue and losses from associated companies. The company announced an attributable net profit of HK$237.8 million for the three months to Dec 31 last year - down from HK$385.8 million in the same period a year earlier. The Trustee-Manager remains cautiously optimistic about the expected cargo volume for 2018. Major liners have announced plans to continue to invest and build more megavessels of up to 22…
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
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.
Revised Port Tariffs for Darwin
The [Northern Territory] Government has approved the following changes in the [Darwin] port tariffs: * introduction of a fixed berthage charge of $2,000 per call (ex GST); * 15% increase to the daily berthage tariff from the current $0.2545 to $0.2926 per GRT per day (ex GST); * 30% increase in wharfage rates for general cargo, livestock and containerised cargo. These new tariff changes will come into effect on 1st February 2015 and apply to vessels berthing and loading cargo at East Arm Wharf, Fort Hill Wharf and Stokes Hill Wharf. The schedule of port charges reflecting the changes is available on the Corporation’s website for your reference. Source: Extract from Darwin Port Corporation (www.darwinport.nt.gov.au) letter dated 8 December 2014
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.
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.
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.
Port of Rotterdam Throughput Dips in 2016
Compared to the first half of 2015, which saw throughput increased by 6.8 percent, the Port of Rotterdam handled 3 percent less cargo in the first six months of 2016, according to the Port of Rotterdam Authority. The most pronounced decrease could be observed in the dry bulk segment, which slid 9.9 percent. Although the port handled a slightly lower volume of liquid bulk (down 1.1 percent), the volume of crude oil and oil products put through so far in 2016 is still at a historical high. The port’s container throughput (in TEU) decreased by 2.3 percent.
Fitch: U.S. Port Growth Steady as NAFTA Decision Looms
U.S. ports are positioned for another solid year of growth, though the Trump administration's evolving stance on both domestic and international trade is a long-term development worth a close watch, according to Fitch Ratings in its latest sector briefing. This after a strong 2017 in which ports on both coasts saw overall growth through the year. "Moving to larger ships and implementing operational alliances have helped drive volume growth on both coasts in 2017," said Emma Griffith, Director.
IBIA Sends Bunker Wake-up Call to South Africa
The International Bunker Industry Association (IBIA) has called on the South African government to realise the potential of the ship refuelling market in its ports and the impact this will have in supporting regeneration. Speaking at the recent African Ports Evolution conference in Cape Town, IBIA chief executive Peter Hall told delegates that whilst more than double the number of vessels move around the Cape of Good Hope than transit the Straits of Gibraltar, the South African bunkering market has declined whilst Gibraltar’s continues to grow. Last year around 600 ships a day moved around South Africa, whilst the volume of bunkers sold in Durban hit a twenty year low with 1.1m tonnes traded in 2012.
Inland Waterways Authority of India Engages KPMG
The Inland Waterways Authority of India (IWAI) has engaged KPMG, a reputed consultant, to study and devise a framework for operationalization and maintenance of the assets being built on NW-1 under the World Bank funded national waterways development project Jal Marg Vikas Project (JMVP). This framework will include various institutional and operational models ranging from outsourcing to Special Purpose Vehicle (SPV) formulation with participating states and other authorities like Railways and Ports.
Rotterdam Port CEO "preparing for the worst" with Brexit
The Port of Rotterdam is bracing for a British exit from the European Union without any deal on customs, and looking at measures such as hiring 100 extra customs agents and dozens of fresh produce inspectors. CEO Allard Castelein said he had had two meetings in the past week with "policy makers, the cabinet, the government and supporting officials about the consequences" of a so-called "hard" Brexit, which would move Britain away from EU rules. "If you have 407 days left, then you don't have time to embrace hypotheses that it will turn out pretty good in the end," he told reporters.
Report: Tariff Cost Ports Money, Jobs
According to reports, a 20-month tariff on imported steel resulted in a loss of 9.3m tons of the metal and more than 2,000 jobs at U.S. ports, according to a new report from a maritime economics consulting firm. The study by Martin Associates of Lancaster, Pa., commissioned by the American Institute for Imported Steel and the first to document the economic impact of the tariff, found that the trade restriction kept about 424,000 tons of steel and iron from going through U.S. ports in 2002 and 2003. The metals were instead shipped to other countries. The data will be used to oppose future tariff threats and to educate policymakers, said David Phelps, president of the AIIS.
UK's Teesport Hikes Tariffs
PD Ports initiated a series of voluntary consultative discussions with the ICS (North East Branch) and the Tees and Hartlepool Port Users Association (THPUA). Following these consultations PD Ports will be increasing all Port Dues Tariffs by 1.0%, broadly in line with current UK RPI, from 1 January 2016. This 1% increase to tariffs is a holding measure whilst the overall impact of the SSI closure as it impinges on the broader River is assessed. Since the closure of SSI UK and the loss of some 25% of port volumes PD Ports has…
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.
High Expectations from India's Union Budget - 10th July
India awaits with heightened expectations for the Union Budget to be announced on 10th July, 2014 by the New government headed by Narendra Modi who is considered to have a very progressive outlook and set on bringing in rapid development in the country. K Ravichandran, Sr. Private sector players operating in Major Ports under PPP regime, are functioning under multiple tariff regimes, of which the older set of players operating under 2005 tariff guidelines of TAMP have seen material fall in profits and return on the capital employed, on account of sharp tariff cut. Moreover, many of the tariff orders have been litigated upon resulting in a stalemate in the industry.
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…
Charleston Amends Security Surcharge
The South Carolina Ports Authority (SCPA) amended its tariff for the Port of Charleston to add a Terminal Security Surcharge of $1.00 per lineal foot for ships and barges utilizing any terminal within the agency’s jurisdiction. The surcharge is intended to provide a partial offset to increased maritime security measures implemented by the agency, including measures mandated but not compensated by the Maritime Transportation Security Act of 2002. The tariff amendment ( which was issued on January 29) is shown as coming into effect on March 1, 2004, but there are indications that it might be delayed until July 1, 2004, when the USCG maritime security regulations come into effect. Charleston Tariff (Source: HK Law)
Maritime Exchange Urges Bush to Repeal Tariffs on Steel Imports
The Maritime Exchange for the Delaware River and Bay, in a coordinated effort with business leaders and local longshore unions, today called on President Bush to repeal the Section 201 tariffs imposed on steel imports in March of last year. This action was taken following the release of the International Trade Commission (ITC) report on the effects of the steel tariffs on domestic steel-consuming industries and domestic steel producers. In a letter to President Bush, Maritime Exchange President Dennis Rochford, cited the adverse economic impact these tariffs have had on the tri-state regional port complex. "Steel ship arrivals will drop from 210 last year to 150 by the end of this year.
Frontline 2Q Net Drops 46 Percent on Older Vessels
Frontline Ltd., the world's second- biggest oil tanker company, said second-quarter profit slumped a greater-than-expected 46 percent as earnings declined for its older 1 million-barrel tankers. Net income dropped to $68.6 million, or 92 cents a share, from $127.5 million, or $1.70, in the year-earlier period, Hamilton, Bermuda-based Frontline said today in a statement. Frontline, led by Norwegian billionaire John Fredriksen, has failed to earn as much as rivals such as OMI Corp. and General Maritime Corp. from its 1 million-barrel ships, or suezmaxes, because almost half have single-layer hulls. Companies such as Total SA and Exxon Mobil Corp. have begun shunning such ships before an international ban, in favor of safer double-hull vessels.
Japan Joins Container Security Initiative
The U.S. Customs Service and Japanese Customs and Tariff Bureau announced in Tokyo today, the sealing of the declaration of principles to participate on a pilot basis in the Container Security Initiative (CSI). CSI is a U.S. Customs initiative designed to prevent the smuggling of terrorist weapons in ocean-going cargo containers. Under terms of the declaration announced today, U.S. Customs officers will be stationed on a pilot basis at the ports of Tokyo, Nagoya, Kobe and Yokohama. Japanese Customs officers will be stationed in the United States at ports to be determined by the Japanese Customs and Tariff Bureau. "I applaud the Japanese Customs and Tariff Bureau for joining the Container Security Initiative (CSI)," said Commissioner Bonner. Launched by U.S.